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Bitcoin brokerage HACKED $12,000 in bitcoins stolen.

A Bitcoin brokerage, Bitinstant was hit by hackers who used a bit of social engineering to take control of the company’s DNS servers and ultimately funnel out $12,000 worth of Bitcoins.

Hackers first took over the Bitinstant’s DNS domains and then the company’s email servers. They used these to log into another Bitcoin exchange, VirWox, and pull out $12,480 worth of Bitcoin out of a Bitinstant account.

The company detailed the hack in a blog post last week, noting that no “personal or transactional information has been leaked.”

Based on their general MO, the attacker is not highly technically skilled but is sneaky enough to cover their tracks. Some of the hosting providers they directed our domain at may have billing information, but such billing information is likely a stolen card. Geographically, I would personally suspect them to be Russian, based on the choice of providers and based on past fruitless attempts that clearly were of Russian origin. They seem focused on me in particular and have tried many times to gain access to my accounts (both personal and business)

More : http://techcrunch.com/2013/03/08/hacker-steals-12000-worth-o...



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Fed trying to discredit

Fed trying to discredit Bitcoin IMO. How convenient treasury comes out with the new regulation trying to control bitcoin exchanges and a BTC exchange gets robbed... Don't leave the fucking safe door open dumbfucks! It't got nothing to do with bitcoins themselves.

Coin and jewelry shops get robbed of gold and silver all the time better not buy gold and silver... Sigh!

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Cyril's picture

All social engineering attacks rely on the same essential fact

All social engineering attacks rely on the same essential fact to be well aware of.

This is by no means Bitcoin-specific : man is the weakest link.

Here's a good resource among others, and terse post at it, to make the point :

http://www.schneier.com/blog/archives/2005/02/the_weakest_li...

More on Bitcoin from crypto folks' point of view :

http://www.schneier.com/blog/archives/2012/10/analysis_of_ho...

http://eprint.iacr.org/2012/584

'HTH,

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Just as with anything else...

Just as with anything else, be careful with whom you do business. While Bitcoin itself remains un-hacked, those who pledge to hold your Bitcoins may not use the most secure methods. No amount of technology will keep your belongings safe when you leave the front door wide open.

This was an avoidable loss.

a fellow DPer wrote this for all you skeptic newbies:

Enjoy!

http://www.dailypaul.com/279171/why-bitcoin-cannot-be-contro...

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Stop posting this old shit,

Stop posting this old shit, it makes you look retarded

Wait

Something that mankind invented is stealable by mankind?

That is news.

thats why i buy silver and gold

the only way to hack my precious metals is to get through my loaded guns!

Here you go brother:

This company might intrigue you: www.coinabul.com

You can buy gold and silver with bitcoins and vice-verse.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

well...

what if the pressure is so bad that you have to leave the country in a moments notice... you have two choices.. stick to your guns or stay alive and move on... Having bitcoins is a good option; bitcoins shouldn't be your only option.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

More old news...

And in my city a vehicle was reported stolen valued at 20k!!!!

Also my friend's pocket got picked therefore the federal reserve bank is in trouble !!!!

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees