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Author Topic: 2012-05-14 Bitcoinica Suffers Staggering $87,000 Bitcoin Loss  (Read 842 times)
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May 14, 2012, 09:57:13 PM

Bitcoinica Suffers Staggering $87,000 Bitcoin Loss in Server Breach

Kit Dotson

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, 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.

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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