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Cyber Security

$1.75 Million in Bitcoin Stolen from Chinese BTER Bitcoin Exchange

The most popular Chinese Bitcoin exchange BTER announced that it has been hacked on Valentine’s Day. 7,170 Bitcoin cryptocurrency was stolen from the company’s “cold wallets,” a way of storing the digital currency offline. BTER Bitcoin Exchange is now offering a bounty of 720 BTC roughly $170,000 to whoever can retrieve the stolen currency back. The company says it will arrange withdrawals of unaffected funds at a later date. This is the second major Bitcoin hack in past two months.

Source: https://thehackernews.com/2015/02/bter-bitcoin-exchange-hacked.html

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