After the collapse of Mt. Gox, now Canada-based virtual currency exchange Flexcoin has been forced to close down.
Flexcoin said flaws in its software code enabled hackers to make off with bitcoins worth around 440,000 euros.
“As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately,” it said in a statement.
A message posted on its website explained that the attack had exploited a flaw in its code on transfers between users and involved inundating the system with simultaneous requests to move coins between accounts. (more…)
Bitcoin storage site Flexcoin announced Tuesday that it has closed after hackers robbed it of some $600,000 worth of digital currency.
“On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet. The attacker made off with 896 BTC,” the bitcoin bank said on its website. “As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately.”
The stolen 896 bitcoins come to a loss of around US$600,000, depending on current bitcoin trading value. Bitcoin is not backed by deposit insurance since it is a cryptocurrency. (more…)
Last Friday afternoon, “Anonymous” hacker took control of the official website of the “Nationalist Movement,” a white supremacist organization.
The Mississippi white power group was brought to media attention over the years when they held multiple marches on Martin Luther King Jr. Day to protest the federal holiday honoring the civil rights leader.
Friday, the group found their homepage, http://nationalist.org defaced, declaring an anti-fascist message: (more…)
On Monday evening a number of Twitter subscribers were shut out of their accounts by the social media company. They were then asked by the worldwide networking monolith to reset their passwords over a possible security issue. A cautionary email stated: “Twitter believes that your account may have been compromised by a website or service…” Users of the site later found out that there was actually no apparent real threat of Twitter being hacked, but simply a false alarm due to an internal glitch. Although this system error affected a relatively small percentage of Twitter users, even the hint of a mass account breach by outside perpetrators can create fear and anger directed the site – which is utilized and relied upon daily by multitudes of people. (more…)