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Bitcoin Firm Hacked. $250k Stolen
Wednesday September 5, 2012 : VIRTUAL GAMBLING CURRENCY FIRM HACKED
Thief scored 24,000 Bitcoins, worth almost a quarter-million dollars.
Bitfloor, an exchange for virtual betting currency Bitcoin, has had to suspend its operations following a criminal hack of its servers which made off with 24,000 Bitcoins, worth almost a quarter-million dollars, leaving the company cash-strapped, reports the publication Arstechnica.
The company's founder reported that the exchange no longer has enough cash to cover all of its deposits.
Arstechnica notes that the hack was not the first, and was preceded by an assault last year on another Bitcoin exchange firm, Mt Gox, which was also obliged to temporarily suspend operations
Mt.Gox suspended operations for a week after an attacker compromised a user account and sold the Bitcoins at a price that seriously deflated the market. The exchange managed to survive the raid and continues to do business. In another hack, a similar Bitcoin company was relieved of $228,000 worth of Bitcoins in a server hack.
The irreversible manner in which Bitcoin is structured, and the anonymity of holders makes it difficult to trace stolen Bitcoins, the publication reveals.
Bitcoin developers are believed to be studying security innovations to protect the virtual currency.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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