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Author Topic: 2012-09-25 dailytech.com - Second Bitcoin Hack Highlights Challenges, Resilience  (Read 874 times)
julz (OP)
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September 26, 2012, 01:24:07 AM
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Second Bitcoin Hack Highlights Challenges, Resilience of Anarchic E-Currency
Hack occurred due to exchange operator leaving his keys unencrypted

Jason Mick
2012-09-25

http://www.dailytech.com/Second+Bitcoin+Hack+Highlights+Challenges+Resilience+of+Anarchic+ECurrency/article27776.htm

...
London-based BitFloor founder Roman Shtylman reported the theft to the U.S. Federal Bureau of Investigation (despite their anarchic nature, Bitcoins can be considered personal property and are arguably "illegal" to seize via hacking).  He's also reopened the exchange, though his volume is down substantially placing his site as the thirteenth largest exchange globally.
...
For now, though, some more folks have lost their hard earned cash to the world of Bitcoin.  The lesson is that as grim as today's corruption prone offline economy is, digital anarchy isn't entirely danger free either. 
...

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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September 26, 2012, 04:16:47 AM
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heh, reporters who can't even get a smallest tiniest detail right such as where company is based. the author read another article where Shtylman made some comments in interview out of London (conference) and assumed BitFloor was based in there, probably didn't even visit the site https://bitfloor.com/about

Obviously lazy 'journalism' is obvious
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