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- Thread starter Alomar
- Start date
[h=1]Bitcoin/USD crashes to $302 on MtGox[/h]
Time to sell guys.
https://invezz.com/news/forex/8877-forex-news-bitcoin-usd-crashes-to-dollar-302-on-mtgox
Time to sell guys.
https://invezz.com/news/forex/8877-forex-news-bitcoin-usd-crashes-to-dollar-302-on-mtgox
(Reuters) - Cyber criminals have infected hundreds of thousands of computers with a virus called "Pony" to steal bitcoins and other digital , in the most ambitious cyber attack on virtual money uncovered so far, according to security firm Trustwave.
Trustwave said on Monday that it has found evidence that the operators of a cybercrime ring known as the Pony botnet have stolen some 85 virtual "wallets" that contained bitcoins and other types of digital . The firm said it did not know how much digital currency was contained in the wallets.
"It is the first time we saw such a widespread presence of this type of malware. It was on hundreds of thousands of machines," said Ziv Mador, security research director with Chicago-based Trustwave.
Trustwave said it believes the crime ring is still operating, though it does not know who is running the group. The company said it has disrupted the servers that were controlling machines infected with Pony, but expects the group to launch more attacks on virtual currency users.
A representative for the Bitcoin Foundation, a trade group that promotes adoption of the virtual currency, advised bitcoin users to store their currency offline in a secure location to prevent cyber criminals from stealing them.
"Electronic wallet security continues to improve by leaps and bounds as hardware wallets become available and we start to see wallets that support multi-signature transactions," said the Bitcoin Foundation's director of public affairs, Jinyoung Lee Englund.
Trustwave's discovery comes after an unrelated cyber attack that spammed bitcoin exchanges earlier this month. That attack prompted at least three online virtual currency traders to halt withdrawals, causing bitcoin's value to plunge 33 percent over three weeks.
Bitcoin is a digital currency sustained by code written by an unknown programmer or group of programmers. It is not governed by any one company or person, and its value is determined by user demand.
People who buy digital currency can store it in virtual wallets on their own machines or with companies that offer storage and security services.
Mador said digital currency theft is still in its infancy, but that it is likely to grow. He said that digital currency buyers can protect themselves from hackers by using encrypted files.
"Most websites don't encrypt them by default, but you can turn them on," he added.
NEW OPPORTUNITY
Botnets are collections of infected computers that take orders from central "command and control" servers. The botnets steal data from compromised PCs and can also deliver other types of malware that force them to perform tasks.
This is at least the third type of fraud to surface involving digital currencies. Criminals have previously hacked into marketplaces where digital currencies are traded by exploiting security flaws in those sites, then stealing those currencies, according to Trustwave. ()
Cyber criminals have also developed botnets that force enslaved computers to create, or "mine", digital currencies, which the fraudsters then claim as their own.
Bitcoin mining is a time-consuming process in which computers perform complex math calculations. The operators of those botnets are stealing electricity and data center resources when they use compromised machines to mine digital currencies.
Trustwave in December uncovered a trove of some 2 million stolen passwords to websites including Facebook Inc, Google Inc, Twitter Inc and Yahoo Inc while probing a command and control server using a less sophisticated version of the Pony malware.
Trustwave said on Monday that the new version of Pony compromised another 600,000 website credentials.
(Users can go to these Trustwave sites to check if their bitcoin wallets and credentials have been stolen: bit.ly/1epIUiH
Trustwave said on Monday that it has found evidence that the operators of a cybercrime ring known as the Pony botnet have stolen some 85 virtual "wallets" that contained bitcoins and other types of digital . The firm said it did not know how much digital currency was contained in the wallets.
"It is the first time we saw such a widespread presence of this type of malware. It was on hundreds of thousands of machines," said Ziv Mador, security research director with Chicago-based Trustwave.
Trustwave said it believes the crime ring is still operating, though it does not know who is running the group. The company said it has disrupted the servers that were controlling machines infected with Pony, but expects the group to launch more attacks on virtual currency users.
A representative for the Bitcoin Foundation, a trade group that promotes adoption of the virtual currency, advised bitcoin users to store their currency offline in a secure location to prevent cyber criminals from stealing them.
"Electronic wallet security continues to improve by leaps and bounds as hardware wallets become available and we start to see wallets that support multi-signature transactions," said the Bitcoin Foundation's director of public affairs, Jinyoung Lee Englund.
Trustwave's discovery comes after an unrelated cyber attack that spammed bitcoin exchanges earlier this month. That attack prompted at least three online virtual currency traders to halt withdrawals, causing bitcoin's value to plunge 33 percent over three weeks.
Bitcoin is a digital currency sustained by code written by an unknown programmer or group of programmers. It is not governed by any one company or person, and its value is determined by user demand.
People who buy digital currency can store it in virtual wallets on their own machines or with companies that offer storage and security services.
Mador said digital currency theft is still in its infancy, but that it is likely to grow. He said that digital currency buyers can protect themselves from hackers by using encrypted files.
"Most websites don't encrypt them by default, but you can turn them on," he added.
NEW OPPORTUNITY
Botnets are collections of infected computers that take orders from central "command and control" servers. The botnets steal data from compromised PCs and can also deliver other types of malware that force them to perform tasks.
This is at least the third type of fraud to surface involving digital currencies. Criminals have previously hacked into marketplaces where digital currencies are traded by exploiting security flaws in those sites, then stealing those currencies, according to Trustwave. ()
Cyber criminals have also developed botnets that force enslaved computers to create, or "mine", digital currencies, which the fraudsters then claim as their own.
Bitcoin mining is a time-consuming process in which computers perform complex math calculations. The operators of those botnets are stealing electricity and data center resources when they use compromised machines to mine digital currencies.
Trustwave in December uncovered a trove of some 2 million stolen passwords to websites including Facebook Inc, Google Inc, Twitter Inc and Yahoo Inc while probing a command and control server using a less sophisticated version of the Pony malware.
Trustwave said on Monday that the new version of Pony compromised another 600,000 website credentials.
(Users can go to these Trustwave sites to check if their bitcoin wallets and credentials have been stolen: bit.ly/1epIUiH
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Another bad news story for Bitcoins:
Top Bitcoin exchange MtGox goes offline
https://www.bbc.co.uk/news/technology-26333661
Top Bitcoin exchange MtGox goes offline
https://www.bbc.co.uk/news/technology-26333661
It's only had 6% of the market so should do too much damage..
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Lefty
Guest
Just remember that a year ago it was at $25 now at over $500 so winners are the ones that bought early.
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Bitcoin sportsbook suffering DDoS attack
SBR – Bitcoin Sportsbook BitBook.biz has been off-line for most of the day due to a Distributed Denial of Service (DDoS) attack. BitBook.biz acknowledged the attack on popular bitcoin discussion forum Bitcointalk.org. SBR users are also discussing the outage in the Players Talk section of the SBR posting Forum.
Users are also discussing the downtime at Reddit.
BitBook.biz regarding the DDoS attack: “BitBook has been hit with a large DDoS atack that knocked out parts of our hosting provider’s datacenter. We are working with our hosting provider on restoring our service.”…
Online sportsbooks are often the target of web based attacks. DDoS attacks function by essentially overwhelming a website’s server with many requests. In the past, online sportsbooks have reported receiving ransom notes from alleged attackers. SBR itself was the recipient of a continued DDoS attack in early 2013. Bitcoin sportsbooks must take the necessary steps to secure themselves from the web based attacks.
https://www.thisweekingambling.com/bitcoin-sportsbook-suffering-ddos-attack/
SBR – Bitcoin Sportsbook BitBook.biz has been off-line for most of the day due to a Distributed Denial of Service (DDoS) attack. BitBook.biz acknowledged the attack on popular bitcoin discussion forum Bitcointalk.org. SBR users are also discussing the outage in the Players Talk section of the SBR posting Forum.
Users are also discussing the downtime at Reddit.
BitBook.biz regarding the DDoS attack: “BitBook has been hit with a large DDoS atack that knocked out parts of our hosting provider’s datacenter. We are working with our hosting provider on restoring our service.”…
Online sportsbooks are often the target of web based attacks. DDoS attacks function by essentially overwhelming a website’s server with many requests. In the past, online sportsbooks have reported receiving ransom notes from alleged attackers. SBR itself was the recipient of a continued DDoS attack in early 2013. Bitcoin sportsbooks must take the necessary steps to secure themselves from the web based attacks.
https://www.thisweekingambling.com/bitcoin-sportsbook-suffering-ddos-attack/
A second online bitcoin bank has shut down after a security breach allowed thieves to steal a large quantity of bitcoins.
[h=1]Bitcoin bank Flexcoin shuts down after $600,000 theft[/h]
[h=3]Thieves steal several hundred thousand dollars worth of digital currency[/h]
https://www.cbc.ca/news/business/bitcoin-bank-flexcoin-shuts-down-after-600-000-theft-1.2559018
[h=1]Bitcoin bank Flexcoin shuts down after $600,000 theft[/h]
[h=3]Thieves steal several hundred thousand dollars worth of digital currency[/h]
https://www.cbc.ca/news/business/bitcoin-bank-flexcoin-shuts-down-after-600-000-theft-1.2559018
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Why does none of this surprise me ... Hmmmmmm
ShowmeThemoney
Senior Member
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- May 5, 2011
- Messages
- 517
[h=1]Poloniex Loses 12.3% of its Bitcoins in Latest Bitcoin Exchange Hack[/h]
https://www.coindesk.com/poloniex-loses-12-3-bitcoins-latest-bitcoin-exchange-hack/
https://www.coindesk.com/poloniex-loses-12-3-bitcoins-latest-bitcoin-exchange-hack/
An interesting read.
[h=1]Digital currency’s here to stay, whether it’s Bitcoin or something else: Olive[/h][h=2]The collapse of Mt. Gox has highlighted the problems with virtual currency but the clamour for something like it won’t easily be silenced[/h]
https://www.thestar.com/business/20...ther_its_bitcoin_or_something_else_olive.html
[h=1]Digital currency’s here to stay, whether it’s Bitcoin or something else: Olive[/h][h=2]The collapse of Mt. Gox has highlighted the problems with virtual currency but the clamour for something like it won’t easily be silenced[/h]
https://www.thestar.com/business/20...ther_its_bitcoin_or_something_else_olive.html
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New York regulator plans 'regulated' Bitcoin exchanges
New York's financial regulator has called on firms to submit proposals to set up "regulated" exchanges for digital currencies like Bitcoin.
The state's Department of Financial Services (NYDFS) said it wanted to better protect consumers, and prevent money-laundering.
It comes as a top Bitcoin exchange, Mt Gox, filed for bankruptcy last month.
Bitcoins have been gaining in popularity recently, but they are not governed by any financial regulator.
"The fact is that virtual currencies are unlikely to disappear entirely," said Benjamin Lawsky, New York's superintendent of financial services.
"As such, turning a blind eye and failing to put in place guardrails for virtual currency firms while consumers use that product is simply not a tenable strategy for regulators."
https://www.bbc.com/news/technology-26538378
New York's financial regulator has called on firms to submit proposals to set up "regulated" exchanges for digital currencies like Bitcoin.
The state's Department of Financial Services (NYDFS) said it wanted to better protect consumers, and prevent money-laundering.
It comes as a top Bitcoin exchange, Mt Gox, filed for bankruptcy last month.
Bitcoins have been gaining in popularity recently, but they are not governed by any financial regulator.
"The fact is that virtual currencies are unlikely to disappear entirely," said Benjamin Lawsky, New York's superintendent of financial services.
"As such, turning a blind eye and failing to put in place guardrails for virtual currency firms while consumers use that product is simply not a tenable strategy for regulators."
https://www.bbc.com/news/technology-26538378
Silvio Burlusconi
Well-known member
- Joined
- May 7, 2013
- Messages
- 152
I'm putting all my money into THIS!!!!:
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U.S. class action over bitcoin losses names Mizuho as defendant
One of Japan's largest lenders, Mizuho Bank Ltd, has became ensnared in the U.S. legal fallout from the collapse Mt. Gox, the leading bitcoin exchange that lost more than $400 million of customers' digital currency.
The Japanese bank was added as a defendant on Friday to an existing lawsuit against Mt. Gox for allegedly aiding in a fraud by providing banking services to the exchange.
https://finance.yahoo.com/news/canadian-class-action-lawsuit-filed-012845696.html
One of Japan's largest lenders, Mizuho Bank Ltd, has became ensnared in the U.S. legal fallout from the collapse Mt. Gox, the leading bitcoin exchange that lost more than $400 million of customers' digital currency.
The Japanese bank was added as a defendant on Friday to an existing lawsuit against Mt. Gox for allegedly aiding in a fraud by providing banking services to the exchange.
https://finance.yahoo.com/news/canadian-class-action-lawsuit-filed-012845696.html
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Mt. Gox faced questions on handling client cash long before crisis
TOKYO (Reuters) - Two years before Mt. Gox filed for bankruptcy, a half dozen employees at the Tokyo-based bitcoin exchange challenged CEO Mark Karpeles over whether client money was being used to cover costs, according to three people who participated in the discussion.
The question of how Mt. Gox handled other people's money - the issue raised by staff in the showdown with Karpeles in early 2012 - remains crucial to unraveling a multi-million dollar mystery under examination by authorities in Japan.
A bankruptcy administrator and police are seeking to determine how a Tokyo start-up that shot from obscurity to dominate global trade in bitcoin managed to lose more than $27 million in old-fashioned cash held in a bank as well as bitcoins worth close to $450 million at today's prices.
The still-unresolved issue has thrown a spotlight on how Mt. Gox functioned as a hybrid between an online brokerage and an exchange. Essentially, the more than 1 million traders who used Mt. Gox at its peak had entrusted a 3-year-old firm to hold their money safely until they decided to cash out.
https://ca.finance.yahoo.com/news/exclusive-mt-gox-faced-questions-020745384.html
TOKYO (Reuters) - Two years before Mt. Gox filed for bankruptcy, a half dozen employees at the Tokyo-based bitcoin exchange challenged CEO Mark Karpeles over whether client money was being used to cover costs, according to three people who participated in the discussion.
The question of how Mt. Gox handled other people's money - the issue raised by staff in the showdown with Karpeles in early 2012 - remains crucial to unraveling a multi-million dollar mystery under examination by authorities in Japan.
A bankruptcy administrator and police are seeking to determine how a Tokyo start-up that shot from obscurity to dominate global trade in bitcoin managed to lose more than $27 million in old-fashioned cash held in a bank as well as bitcoins worth close to $450 million at today's prices.
The still-unresolved issue has thrown a spotlight on how Mt. Gox functioned as a hybrid between an online brokerage and an exchange. Essentially, the more than 1 million traders who used Mt. Gox at its peak had entrusted a 3-year-old firm to hold their money safely until they decided to cash out.
https://ca.finance.yahoo.com/news/exclusive-mt-gox-faced-questions-020745384.html
Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.
Mt. Gox said the exchange, used overwhelmingly by foreigners, had lost 750,000 of its users' bitcoins and 100,000 of its own. At the current bitcoin price of about $565, that would total some $480 million - representing about 7 percent of the estimated global total of bitcoins.
- Thread starter
- #59
Is it time to buy?.
[h=1]Bitcoin Falls Below The $400 Mark, Down More Than 60% From Its All-Time High[/h]
https://techcrunch.com/2014/04/10/b...ark-down-more-than-60-from-its-all-time-high/
[h=1]Bitcoin Falls Below The $400 Mark, Down More Than 60% From Its All-Time High[/h]
https://techcrunch.com/2014/04/10/b...ark-down-more-than-60-from-its-all-time-high/
