16 Feb '15, 2pm

Nearly $2M in bitcoins feared #lost after Chinese cryptocurrency exchange hack

Nearly $2M in bitcoins feared #lost after Chinese cryptocurrency exchange hack

Nearly $2M in bitcoins feared lost after Chinese cryptocurrency exchange hack February 16, 2015 A Chinese cryptocurrency exchange revealed on Sunday that 7,170 bitcoins have been stolen by hackers. The current value is about US.75 million. The BTER exchange is temporarily closed while it tries to track down the culprits and recover the bitcoins. BTER’s site is now displaying only a notice about the hack along with a reward of 720 bitcoins (US6,000) for hunting down the perps. This was first noticed by Coindesk . The heist in China comes a month after Slovenia-based Bitstamp lost just over US million to hackers. While the Bitstamp thieves haven’t yet been nabbed, the BTER crew hopes that some of its funds can be recovered by tracking the exact transaction in which the theft took place. Cold, hard cash Adding to the mystery, the 7,170 bitcoins stolen from BTER were taken fro...

Full article: http://svca.org.sg/nearly-2m-in-bitcoins-feared-lost-afte...

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Chinese Bitcoin exchange Bter hacked, $1.75 mil...

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