u.Withdrawal vulnerabilities enabled bitcoin theft from Flexcoin and Poloniex
Hackers found security weaknesses that allowed them to overdraw accounts with Flexcoin and Poloniex, two websites that facilitate bitcoin transactions, and exploited them to steal bitcoins from the two services. The attacks put Flexcoin out of business and cost Poloniex’s users 12.3 percent of their bitcoins.
Flexcoin, which described itself as the “world’s first bitcoin bank,” announced Monday that it was closing down after hackers stole 896 bitcoins worth around $600,000 from its “hot wallet”—a bitcoin wallet connected to the Internet. The company released more details about the hack in an update posted on its website late Tuesday. [link]
Bitcoin - How does it work?
Moderator: Vraith
-
ussusimiel
- The Gap Into Spam
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- Location: Waterford (milking cows), and sometimes still Dublin, Ireland
Looks like Bitcoin got stung again:
Tho' all the maps of blood and flesh
Are posted on the door,
There's no one who has told us yet
What Boogie Street is for.
Are posted on the door,
There's no one who has told us yet
What Boogie Street is for.
-
Vraith
- The Gap Into Spam
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- Location: everywhere, all the time
- Been thanked: 3 times
that's like the guy who steals change from the tip-jar.ussusimiel wrote:Looks like Bitcoin got stung again:
u.Withdrawal vulnerabilities enabled bitcoin theft from Flexcoin and Poloniex
Hackers found security weaknesses that allowed them to overdraw accounts with Flexcoin and Poloniex, two websites that facilitate bitcoin transactions, and exploited them to steal bitcoins from the two services. The attacks put Flexcoin out of business and cost Poloniex’s users 12.3 percent of their bitcoins.
Flexcoin, which described itself as the “world’s first bitcoin bank,” announced Monday that it was closing down after hackers stole 896 bitcoins worth around $600,000 from its “hot wallet”—a bitcoin wallet connected to the Internet. The company released more details about the hack in an update posted on its website late Tuesday. [link]
I don't think people are doing simple addition...though it is possible I missed an important step/article, and I"m the idiot.
BUT: My math indicates that NEARLY 20% OF THE BITCOIN EVER CREATED HAS ALREADY BEEN LOST/STOLEN.
Would YOU deposit your paycheck in a bank that lost 20% of deposits every day?
It isn't safe, secure, smart for ordinary folk.
[spoiler]Sig-man, Libtard, Stupid piece of shit. change your text color to brown. Mr. Reliable, bullshit-slinging liarFucker-user.[/spoiler]
the difference between evidence and sources: whether they come from the horse's mouth or a horse's ass.
"Most people are other people. Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation."
the hyperbole is a beauty...for we are then allowed to say a little more than the truth...and language is more efficient when it goes beyond reality than when it stops short of it.
the difference between evidence and sources: whether they come from the horse's mouth or a horse's ass.
"Most people are other people. Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation."
the hyperbole is a beauty...for we are then allowed to say a little more than the truth...and language is more efficient when it goes beyond reality than when it stops short of it.