Bitcurex Forced to Shut Down After $1.5 million Theft
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Bitcurex Forced to Shut Down After $1.5 million Theft

THELOGICALINDIAN - Polish bitcoin barter Bitcurex aloof acquaint an amend announcement it will abutting afterward a drudge advance several canicule ago consistent in 15 activity missing Its one of the bigger bitcoin exchanges servingthe European bazaar accurately for trading zloty and additionally euros

Also read: Bitfinex Seeks Communication With Bitcoin Thief

Poland’s Most Popular Exchange

Bitcurex launched in 2012 and is a long-running bitcoin barter based in Lodz, Poland. It has candy over $50 actor USD account of bitcoin in the accomplished six months. However the exchange’s problems started on October 13, 2016. At the time users were blind of the problems’s magnitude, as the barter went offline and admins acquaint a message (in Polish).

Roughly translated, the bulletin apprehend that the barter encountered problems with an update, and Bitcurex absitively to briefly append the barter as they formed against abating services.

They did not acknowledgment a drudge or accident of funds at the time. A anniversary afterwards October 13, however, the barter acquaint a new bulletin advertence the aggregation is alive on a arrangement advancement and aegis update. It said users will accept the “possibility” to abjure funds aback the armpit is aback up. Again, there was no acknowledgment of any drudge or accident of funds.

$1.5 actor Gone in Bitcurex Hack

Yesterday, Bitcurex acquaint yet addition amend to its website, this time absolute the barter had suffered a drudge attack. The new message, afresh almost translated, says a third-party was able to accomplish an automatic abstracts accumulating on the site, consistent in the accident of fractional assets.

According to Polish Bitcoin account website Bitcoin.pl, one of the bitcoin addresses for Bitcurex is: 1K2PKGPGrYTQjPohXjDgbjeRtynGAZU9cF.

When reviewing the address, you can see ample chunks of bitcoin actuality beatific (withdrawn) from that abode on October 13. This anon coincides with the antecedent bulletin Bitcurex acquaint back it took the barter down. In total, the sum of those affairs is over 2300 BTC. This converts to a accident of over $1.5 million in funds.

Your Data at Risk

The drudge comes back Bitcurex had aloof afresh added added layers to its platform. In July, the barter added a certified acquiescence department — which was declared to be overseen by the Poland Acquiescence Association. One of the acquiescence team’s goals was to appraise chump accident and accommodate claimed abstracts protection.

It’s cryptic from the bulletin absolutely what abstracts was compromised in the hack, but it’s apparent the hackers blanket all user abstracts (names, addresses, email, etc.). The baseborn abstracts may eventually acquisition its way to the black market. This means if the baseborn abstracts includes passwords, they could be acclimated in approaching hacks if barter are reusing passwords on added sites. As always, it’s a acceptable admonition to change your passwords, don’t reclaim passwords, and use two-factor affidavit (2FA) wherever possible.

What’s Happening Next?

According to Bitcurex, the aggregation is alive with investors to accompany aback the barter to restore casework and possibly acknowledgment funds. In adjustment to affirmation any absent funds, you charge complete the acquiescence anatomy on Bitcurex.com and beatific it to the email on the website.

The barter additionally said it has also filed a address with the District Prosecutor’s Office in Lodz for bent analysis and prosecution. At press time, Bitcurex estimates it will be able to restart account at the end of November.

Let us apperceive in the comments beneath if this drudge has impacted you, and how you feel about it.

Images via Bitcoin.com and Bitcurex.com

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