Bitcoin 2012 news
Punters should avoid using any bitcoin addresses previously used to fund their Bitcoinica accounts, Bitcoinica advises:. Linode admitted it had been compromised and issued a statement to say the digital safety deposit boxes of eight customers had been ransacked. It promised to review and improve its security procedures in the wake of the hack:. All activity by the intruder was limited to a total of eight customers, all of which had references to "bitcoin". The intruder proceeded to compromise those Linode Manager accounts, with the apparent goal of finding and transferring any bitcoins.
Those customers affected have been notified. If you have not received a notification then your account is unaffected. Again, only eight accounts were affected.
The portal does not have access to credit card information or Linode Manager user passwords. Only those eight accounts were viewed or manipulated - no other accounts were viewed or accessed.
Security is our number one priority and has been for over eight years. We depend on and value the trust our customers have placed in us. Now, more than ever, we remain committed to ensuring the safety and security of our customers' accounts, and will be reviewing our policies and procedures to prevent this from ever recurring.
Bitcoins are a form of electronic currency that can be exchanged for real cash. The system relies on public-key cryptography and peer-to-peer networking to transfer the coins between users' wallets. Isolated incidents of cyber-crooks using number-crunching botnets to generate bitcoins were detected last year. Some miscreants appeared to have moved over to stealing bitcoins directly but it's unclear whether the smash-and-grab raid against Linode is a one-off, or the start of a new tactic in cybercrime.
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Retrieved 22 September Retrieved 17 September The Bitcoin Big Bang: Teenage hacker transforms web into one giant Bitcoin network". Retrieved 7 February A radical way to Bitcoin". Retrieved 24 January The Hunt of Satoshi Nakamoto. The Age of Cryptocurrency: How Bitcoin and the Blockchain Are Challenging Retrieved 3 May Retrieved 23 February