Bitcoin wallet service cleaned out by hackers

Bitcoin wallet service cleaned out by hackers

Users of bitcoin Web wallet have been left out of pocket after its developer claimed to have been hacked by crooks who made off with more than 4100 BTC.

In a statement on its site, the wallet's developer Tradefortress says that it was hacked two times, with crooks taking the equivalent of more than $1.2 million of users' money, which cannot cover.

The attackers managed to compromise the hosting account through an old e-mail address. They bypassed two factor authentication thanks to a flaw on the server host side, says the statement.

The hacks happened late last month and, Tradefortress told TechieNews, came from the same attackers who recently targeted another bitcoin outfit, GigaDice.

Tradefortress claims to be using his own money to make sure users recoup "as much as they can", adding in the statement: "I know this doesn't mean much, but I'm sorry, and saying that I'm very sad that this happened is an understatement."

Bitcoin has seen its value surge this week, breaking the $300 mark on MT. Gox yesterday, smashing the previous high of $267 from April and bouncing back from around $100 just a month ago in the wake of the Silk Road bust.

The Bitcoin Reviewer blog has posted a guide on how to get a refund from .

Comments: (1)

A Finextra member
A Finextra member 11 November, 2013, 09:10Be the first to give this comment the thumbs up 0 likes

A very good advice given on (see link in the article):

"Please don't store Bitcoins on an internet connected device, regardless of it is your own or a service's."

What else could be said ?