Bitcoin online exchange in Czech Republic hacked




Bitcoin online exchange in Czech Republic hacked

An online exchange that trades the digital currency bitcoin in the Czech Republic says it has been attacked by hackers. The website Bitcash.cz says its security system was broken and bitcoins from its clients were stolen late Monday.It said in a statement Tuesday it has filed a legal complaint against the unknown hackers. It is not clear what amount of bitcoins disappeared and how many clients were affected by the theft. Bitcoin is a cryptography-based digital currency that advocates say is counterfeit-proof. Its price traded as high as $385 Tuesday afternoon.It was reported only a day ago that a a Chinese Bitcoin trading platform called GBL, which claimed to be based in Hong Kong had shut down. While the shut down itself may not be news worthy, the fact that around $4.1 million worth of user’s money disappeared with it is.


The haul has put FBI in the line of fire

Thefts being reported



The company was reportedly launched in May 2013, and its domain, btc-glb.com, was registered on May 9. A post later that month by Bitcoin Talk forum user, zhaoxianpeng, was seen promoting the site. Other forum users, however, were suspicious about the new platform. According to an unverified translation by the source, many commenters noted that the site’s server was in based in Beijing, contrary to the company’s claim of being based out of Hong Kong.An Australian wallet service, inputs.io, also recently reported the theft of over a million dollars worth of the digital currency. The founder of the service was reported saying, at the time, that it is no longer safe to store digital currency on computers that are hooked up to the Internet. With GBL, though, the warning signs were there, and it is advisable for investors to watch out for malicious looking platforms before pumping in their money.(With inputs from agencies)



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