Bitcoin wallet service hacked, 4,100 Bitcoins stolen

November 9, 2013 in Bitcoin, Investing, News, Theft, Virtual currency

08 November 2013. Zeljka Zorz (



A daring hack and heist targeting online Bitcoin wallet service has resulted in the theft of 4,100 Bitcoins (currently over $1.3 million) and has left some of the users extremely disgruntled. Indeed, some of them are even accusing the owner of being behind the hack himself.

Wired reports that the owner, apparently a youngster from Australia who goes by the online handle “TradeFortress”, has waited nearly two weeks to notify the affected users and the public about the two breaches (one was executed on October 23 and the other on October 26).

“The attacker compromised the hosting account through compromising email accounts (some very old, and without phone numbers attached, so it was easy to reset). The attacker was able to bypass 2FA due to a flaw on the server host side,” he explained in a post on the service’s main page, adding that is unable to pay all user balances.

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