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Author Topic: 2012-05-14 siliconangle.com Bitcoinica Suffers Staggering $87,000 Bitcoin Loss  (Read 729 times)
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May 14, 2012, 09:57:13 PM
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Bitcoinica Suffers Staggering $87,000 Bitcoin Loss in Server Breach

Kit Dotson
2012-05-14

http://siliconangle.com/blog/2012/05/14/bitcoinica-suffers-staggering-87000-bitcoin-loss-in-server-breach/

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This particular breach comes after a months of repeated, serious wallet compromises where massive numbers of bitcoins have been stolen or lost. In early March, a Linode server hack caused the loss of ฿46,703 BTC (worth $228,845 at the time) with the largest fraction of nearly ฿43,000 BTC of the loss coming out of Bitcoinica’s pockets. In August 2011, Bitomat lost their wallet with almost ฿17,000 BTC due to a backup failure when using Amazon’s elastic-computing cloud. Also in that same month, MyBitcoin.com disappeared with $250,000 worth of BTC. Finally, starting the long-line of targeted attacks against Bitcoin wallets and exchanges (or just plain bugs) was the hack against MtGox last year in June—the nascent currency hasn’t caught a break with breaches, insecurity, and bugs since it started to gain widespread publicity.
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