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Bitcoin Currency Exchange Hacked
Posted By Sonya Donaldson On June 21, 2011 @ 6:23 am In Computer Security,Data Security,Internet and Online Business,Network Security | 2 Comments
Though its seems a bit suspect, we won’t comment on the confluence of events that might spell the end of Bitcoin, the open-source, peer-to-peer digital currency. Venture Beat is reporting that Mt. Gox, a popular Bitcoin exchange was hacked, just a little over a week after U.S. senators Charles Schumer and Joe Manchin pressed Attorney General Eric Holder and the DEA to move on the company, amid allegations  that the digital currency is being used to support black market drug trade.
Mt. Gox, the online exchange, reported that a hacker accessed an account with a large amount of Bitcoins and then sold all the Bitcoins in the account. The company halted trading on Sunday and said future trading could be delayed, depending on what they find. It is believed that a Hong Kong-based hacker broke into a database that held user names, passwords, and email addresses.
Read more at Venture Beat .
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URL to article: http://technology.inc.com/2011/06/21/bitcoin-currency-exchange-hacked/
URLs in this post:
 allegations: http://technology.inc.com/2011/06/10/senators-urge-crackdown-on-digital-currency/
 Venture Beat: http://venturebeat.com/2011/06/19/popular-bitcoin-exchange-mt-gox-hacked-prices-drop-to-pennies/
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