Sunday, 13. May 2012
BitCoin - 18,000 Bitcoins Stolen
It’s believed that at least 18,000 BTC ($90,000 or 68,000 EUR) have been stolen.
Many criticized the site’s owners for keeping such amounts of currency on hosted systems instead of using offline transactions and disconnecting the wallets from the trading infrastructure, especially after the Linode incident.
Zhou maintains that apart from the Bitcoins, the database was also stolen but the passwords was salted and encrypted using bcrypt. Zhou mentions that the stolen bitcoins are likely to be reimbursed by Bitcoinica in USD. This isn’t the first time Bitcoinica’s been broken into few months ago Bitcoinica’s bitcoin wallet which stored the funds were stolen due to a breach in Bitcoinica’s then webhost Linode.