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Author Topic: 2012-09-05 pcworld.com - BitCoin Exchange Loses $250,0000 After Unencrypted Keys  (Read 811 times)
julz
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September 05, 2012, 08:31:42 AM
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BitCoin Exchange Loses $250,0000 After Unencrypted Keys Stolen

Jeremy Kirk
2012-09-05

http://www.pcworld.com/businesscenter/article/261894/bitcoin_exchange_loses_2500000_after_unencrypted_keys_stolen.html#tk.rss_news


Hackers stole about US$250,000 from BitFloor, a BitCoin exchange, on Monday, and it does not have the money to reimburse account holders, according to the website's founder.
...
The cryptography wrapped around BitCoins is designed to make it nearly impossible to derive the private keys needed to gain possession of the secret number. But in the case of BitFloor, hackers found the keys.
...

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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September 05, 2012, 02:39:11 PM
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« Nearly a quarter million dollars worth of the peer-to-peer currency was stolen by accessing unencrypted backup wallet keys. »

Someone has put online an unencrypted backup of his 25kBTC wallet??

Well, if that is not an epic fail, I don't know what is.
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