AgTalk Home
AgTalk Home
Search Forums | Classifieds (54) | Skins | Language
You are logged in as a guest. ( logon | register )

Another Bitcoin thread, what if?
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
zenfarm
Posted 12/7/2017 16:04 (#6412929 - in reply to #6412785)
Subject: RE: Another Bitcoin thread, what if?


South central kansas




  The more value bitcoin has, the more thieves will try to steal it.



Hackers steal $64 million from cryptocurrency firm NiceHash

 

(Reuters) - A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about $64 million worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to booming digital currencies.

A notice announcing that service is unavailable is displayed on the website of Slovenian cryptocurrency mining firm NiceHash, which said it had suffered a hack of its Bitcoin wallet, in photo illustration December 7, 2017. REUTERS/Chris Helgren

NiceHash matches people looking to sell processing time on computers in exchange for bitcoin.

SPONSORED

There have been at least three dozen heists on exchanges that buy and sell digital currencies since 2011, including one that led to the 2014 collapse of Mt. Gox, once the world’s largest bitcoin market.

More than 980,000 bitcoins have been stolen from exchanges, which would be worth more than $15 billion at current exchange rates. Few have been recovered, leaving some investors without any compensation.

Security experts said they expect the cyber-crime spree to pick up as the rising valuations attract interest from cyber criminals looking for victims that lack experience defending against hacks.

“These exchanges are not in my opinion secure,” said Gartner security analyst Avivah Litan. “You don’t know what their security is like behind the scenes.”

FILE PHOTO: A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/File Photo

NiceHash executive Andrej P. Škraba told Reuters that his firm was the victim of “a highly professional” heist that yielded about 4,700 bitcoin, worth around $64 million.

Sophisticated criminal groups are increasingly targeting the cryptocurrency industry, focusing on exchanges and other types of firms in the sector, said Noam Jolles, a senior intelligence specialist with Israeli cyber-security company Diskin Advanced Technologies.

“The most sophisticated groups are going into this area,” she said.

NiceHash, which advised users to change online passwords after it halted operations on Wednesday, has provided few other details about the attack on its payment system.



Edited by zenfarm 12/7/2017 16:05
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)