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Wed Sep 5, 2012, 05:33 PM

$250,000 worth of Bitcoins stolen in net heist

Source: NBC

A security breach at a purveyor of virtual currency Bitcoins (BTC) has resulted in the loss of very real dollars totaling around $250,000. Bitfloor, a major banking and exchange service for Bitcoins, may be facing shutdown after nearly their entire inventory was stolen.

Bitcoins are an experimental currency used mainly for online transactions. The total number of BTC is limited and new ones can only be "mined" very slowly. The value of a Bitcoin has fluctuated wildly in the three years since the currency was established, from as little as a few pennies to over $30. At today's valuation (around $10 each), the estimated 24,000 BTC stolen from Bitfloor equate to about $250,000.

The founder of Bitfloor, Roman Shtylman, announced the security breach on BitcoinTalk, a forum dedicated to discussion of the currency:

Last night, a few of our servers were compromised. As a result, the attacker gained accesses to an unencrypted backup of the wallet keys (the actual keys live in an encrypted area). Using these keys they were able to transfer the coins. This attack took the vast majority of the coins BitFloor was holding on hand. As a result, I have paused all exchange operations.



Read more: http://www.nbcnews.com/technology/technolog/250-000-worth-bitcoins-stolen-net-heist-980871



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I was going to put this in the Romney tax hack thread but there were a lot of posts (90).
This is additional information, not necessarily connected.... or is it?

8 replies, 4212 views

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Reply $250,000 worth of Bitcoins stolen in net heist (Original post)
thecrow Sep 2012 OP
Warpy Sep 2012 #1
They_Live Sep 2012 #2
thecrow Sep 2012 #3
Nuclear Unicorn Sep 2012 #4
Earth_First Sep 2012 #6
Incitatus Sep 2012 #5
They_Live Sep 2012 #7
Poll_Blind Sep 2012 #8

Response to thecrow (Original post)

Wed Sep 5, 2012, 05:42 PM

1. Gotta love it

Imaginary money being stolen in an imaginary robbery.

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Response to thecrow (Original post)

Wed Sep 5, 2012, 05:42 PM

2. Mario & Luigi

have not returned our calls for comments.

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Response to thecrow (Original post)

Wed Sep 5, 2012, 05:45 PM

3. Since it happened last night and the tax hackers said they got in at night

I wonder if it was that the hackers became greedy?

Probably the burglar from the Sims.

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Response to thecrow (Original post)

Wed Sep 5, 2012, 06:01 PM

4. I thought it was weird when I heard people paid real money to get

gold coins in World of Warcraft.

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Response to Nuclear Unicorn (Reply #4)

Wed Sep 5, 2012, 07:53 PM

6. Except when individuals purchase bitcoins, they are taking delivery of weapons,

drugs, prostitution and everything else that is available on the underground marketplace...

Not baseball-card sized Orcs and Trolls...

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Response to thecrow (Original post)

Wed Sep 5, 2012, 06:38 PM

5. Bitcoins seems to be getting a lot of pulbicity lately. nt

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Response to Incitatus (Reply #5)

Wed Sep 5, 2012, 11:39 PM

7. I have honestly

never heard of them until today.

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Response to thecrow (Original post)

Thu Sep 6, 2012, 01:42 AM

8. Went to the site, looked around. Never seen so many people not wanting to get the police involved..

...after a crime has been committed.



PB

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