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801  Bitcoin / Press / 2012-09-05 thenextweb.com - Future of top US Bitcoin exchange in doubt after hac on: September 05, 2012, 05:26:37 AM
Quote
Future of top US Bitcoin exchange in doubt after hackers grab $250,000

Joel Falconer
2012-09-05

http://thenextweb.com/insider/2012/09/05/top-us-bitcoin-exchange-hacked-250000-btc-stolen/

BitFloor, a major Bitcoin exchange and the biggest in the US, today suffered a devastating loss after their servers were compromised and 24,000 Bitcoins were taken — a value of roughly $250,000.

...

Though Bitcoin continues to grow and stabilize, the platform has seen several such attacks — including a major hit to another exchange, Bitcoinica, in March — and a variety of scandals as best practices and community self-policing develop. In this case, however, the potentially fatal loss was the result of just one silly mistake.
802  Bitcoin / Press / Re: NEW articles in Press Forum on: September 05, 2012, 05:07:56 AM
2012-09-04 cnet.com -Bitcoin exchange BitFloor shuttered after virtual heist
Nearly a quarter million dollars worth of the peer-to-peer currency was stolen by accessing unencrypted backup wallet keys.

https://bitcointalk.org/index.php?topic=105921.0
803  Bitcoin / Press / 2012-09-04 cnet.com - Bitcoin exchange BitFloor shuttered after virtual heist on: September 05, 2012, 05:07:22 AM
Quote
Bitcoin exchange BitFloor shuttered after virtual heist
Nearly a quarter million dollars worth of the peer-to-peer currency was stolen by accessing unencrypted backup wallet keys.

Steven Musil
2012-09-04

http://news.cnet.com/8301-1023_3-57506177-93/bitcoin-exchange-bitfloor-shuttered-after-virtual-heist/

Bitcoin exchange Bitfloor is offline and has shut down operations while it investigates the theft of nearly a quarter million dollars worth of the virtual currency.
...
804  Bitcoin / Press / Re: NEW articles in Press Forum on: September 05, 2012, 03:51:08 AM
2012-09-05 gizmodo.com - Bitcoin Exchange Bitfloor Suspends Operations Following $250K Hacker Heist

https://bitcointalk.org/index.php?topic=105909.0
805  Bitcoin / Press / 2012-09-05 gizmodo.com - Bitcoin Exchange Bitfloor Suspends Operations Following on: September 05, 2012, 03:50:05 AM
Quote
Bitcoin Exchange Bitfloor Suspends Operations Following $250K Hacker Heist

Molly Oswaks
2012-09-05


http://gizmodo.com/5940507/bitcoin-exchange-bitfloor-suspends-operations-following-250k-hacker-heist

Last night, several of the servers belonging to Bitcoin exchange Bitfloor were hacked, $250,000 in Bitcoins (24,000 coins) stolen.
An open letter from the Bitfloor's founder (reproduced below) explains what happened—and what action will be taken to compensate those whose accounts were compromised. For now, Bitfloor has been shut completely.
...
806  Bitcoin / Press / Re: NEW articles in Press Forum on: September 05, 2012, 03:43:56 AM
2012-09-05 theregister.co.uk - Bitcoin exchange shuts after heist
Bitfloor says 24,000 BTC pinched through unencrypted backup

https://bitcointalk.org/index.php?topic=105906.0
807  Bitcoin / Press / 2012-09-05 theregister.co.uk - Bitcoin exchange shuts after heist on: September 05, 2012, 03:43:17 AM
Quote
Bitcoin exchange shuts after heist
Bitfloor says 24,000 BTC pinched through unencrypted backup


Simon Sharwood
2012-09-05


http://www.theregister.co.uk/2012/09/05/bitfloor_heist/

Bitcoin exchange Bitfloor has suspended its operations while it tries to figure out who pinched 24,000 units of the virtual currency by accessing an unencrypted backup and using information it contained to transfer 24,000 BTC to destinations unknown.
...

Article reproduced at packetstormsecurity.org
808  Bitcoin / Press / Re: NEW articles in Press Forum on: September 05, 2012, 01:31:50 AM
2012-09-05 arstechnica.com - Hacker steals $250k in Bitcoins from online exchange Bitfloor

https://bitcointalk.org/index.php?topic=105895.0
809  Bitcoin / Press / 2012-09-05 arstechnica.com - Hacker steals $250k in Bitcoins from online exchang on: September 05, 2012, 01:31:17 AM
Quote
Hacker steals $250k in Bitcoins from online exchange Bitfloor
Irreversible transactions make Bitcoin security a high-stakes business.

Timothy B. Lee
2012-09-05

http://arstechnica.com/tech-policy/2012/09/hacker-steals-250k-in-bitcoins-from-online-exchange-bitfloor/

The future of the up-and-coming Bitcoin exchange Bitfloor was thrown into question Tuesday when the company's founder reported that someone had compromised his servers and made off with about 24,000 Bitcoins, worth almost a quarter-million dollars
...

But at least until these new techniques mature, it's wise not to entrust large amounts of Bitcoins to third-party services, even those with excellent reputations. And always encrypt your Bitcoin wallet as soon as you're done using it.
810  Other / Beginners & Help / Re: Still a bit confused after a whole weekend of reading.. on: September 05, 2012, 12:44:23 AM
I can't answer the questions about exchanges from a UK perspective as I'm in Aus.
I've had no trouble with MtGox from here though. (well.. minor bank transfer issues sorted out in reasonable time)

For most exchanges I believe withdrawal of BTC is as simple as entering a bitcoin address and transferring your coins. Generally only takes minutes or less.

For a bitcoin wallet I'd recommend http://blockchain.info/wallet
It works in such a way that their web service doesn't actually have access to your unencrypted keys. (when you type your password, it decrypts it on your computer)
Make sure you either print out a paper wallet as a backup, or email a backup to yourself (which is also encrypted).



811  Bitcoin / Press / Re: NEW articles in Press Forum on: September 04, 2012, 10:31:40 PM
2012-09-04 forbes.com - Argentina Begins Tracking All Credit Cards

https://bitcointalk.org/index.php?topic=105875.0
812  Bitcoin / Press / 2012-09-04 forbes.com - Argentina Begins Tracking All Credit Cards on: September 04, 2012, 10:30:54 PM
Quote
Argentina Begins Tracking All Credit Cards

Jon Matonis
2012-09-04


http://www.forbes.com/sites/jonmatonis/2012/09/04/argentina-begins-tracking-all-credit-cards/

...
For those people in Argentina that want to bypass currency controls and also shelter their money from government-induced inflation, this Buenos Aires exchange community claims to buy and sell bitcoin for Argentine pesos. And, the mercaBit.eu exchange sells bitcoin for Ukash vouchers which are available in Argentina.
813  Bitcoin / Press / Re: NEW articles in Press Forum on: September 04, 2012, 10:29:08 PM
2012-09-04 betabeat.com - Wiki Weapon Project Continues to Raise Money for 3D Printed Guns via PayPal and Bitcoin

https://bitcointalk.org/index.php?topic=105874.0
814  Bitcoin / Press / 2012-09-04 betabeat.com - Wiki Weapon Project Continues to Raise Money for 3D Pr on: September 04, 2012, 10:28:26 PM
Quote
Wiki Weapon Project Continues to Raise Money for 3D Printed Guns via PayPal and Bitcoin

Jessica Roy
2012-09-04

http://betabeat.com/2012/09/wiki-weapon-project-3d-printed-gun-defense-distributed-cody-wilson-09042012/

...
Despite getting kicked off of Indiegogo’s platform, the Wiki Weapon project has been collecting money through its donate page. Mr. Wilson said that 90 percent of donations collected to date have come via PayPal or Bitcoin.
...
815  Bitcoin / Press / Re: 2012-09-04 banktech.com - Has Bitcoin Finally Arrived? on: September 04, 2012, 10:24:54 PM
Umm, through this was old news. Wasnt this the guy that received anonymous bitcoin donations at first, but was required to return them unless a name was attached?

Sure that's the one. It's pretty recent news really (past couple of weeks I think) - and it's common for there to be a slight delay for media and industry rags to pick the story up.

see also:
'Announcement Regarding State Rep Mark Warden's Bitcoin Strategy'
https://bitcointalk.org/index.php?topic=102022.0
816  Bitcoin / Press / Re: NEW articles in Press Forum on: September 04, 2012, 10:23:16 PM
2012-09-04 findlaw.com - What is a Bitcoin? Drug Dealers Taking Advantage of 'Legal Gray Area'

https://bitcointalk.org/index.php?topic=105872.0
817  Bitcoin / Press / 2012-09-04 findlaw.com - What is a Bitcoin? Drug Dealers Taking Advantage of ... on: September 04, 2012, 10:22:49 PM
Quote
What is a Bitcoin? Drug Dealers Taking Advantage of 'Legal Gray Area'

Andrew Lu
2012-09-04

http://blogs.findlaw.com/technologist/2012/09/what-is-a-bitcoin-drug-dealers-take-advantage-of-legal-gray-area.html

...
The Bitcoins are an artificial currency that only existed in the digital world. However, drug dealers and money launderers reportedly were able to turn this digital currency into real dough.
...

But as use of Bitcoins become more commonplace and the layperson (and politicians) learn what is a Bitcoin, the laws will eventually catch up and the legal gray areas will become black and white. Until then, legal authorities may have to bust drug dealers through means other than Bitcoins.
818  Bitcoin / Press / Re: NEW articles in Press Forum on: September 04, 2012, 10:18:00 PM
2012-09-04 banktech.com - Has Bitcoin Finally Arrived?

https://bitcointalk.org/index.php?topic=105871.0
819  Bitcoin / Press / 2012-09-04 banktech.com - Has Bitcoin Finally Arrived? on: September 04, 2012, 10:16:03 PM
Quote
Has Bitcoin Finally Arrived?
A New Hampshire state representative recently added a donation option on his website to accept the digital currency.

Bryn Yurcan
2012-09-04

http://www.banktech.com/payments-cards/240006657

Advocates of Bitcoin were surely elated to hear the virtual currency has gone mainstream -- at least a little. New Hampshire state Representative Mark Warden, a Republican, announced recently that his campaign is accepting Bitcoin donations.
...

In many ways, the increasing presence of Bitcoin scammers is even better proof of its potential mainstream acceptance than any politician's announcement.
820  Economy / Service Discussion / Re: Beware, MtGox arbitrarily freezing verified accounts on: September 04, 2012, 07:35:00 AM
I suspect the only reason that this 'security feature' is even remotely practical at the moment is the sheer isolation of most bitcoin users.

Many offices/households share an IP and quite a few even share a particular machine for browsing.
I can see this being a major pain when I  get colleagues/family more interested in this thing.
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