A businessman who operates a virtual bank for holding digital currency has told that more than $1m of Bitcoins were stolen.
“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”,said in inputs.io.
“Please don’t store Bitcoins on an internet-connected device, regardless if it is your own or a service’s.”
According to the Sydney Morning Herald, the theft occurred on 26 October but users were only alerted this week via a message he posted on the wallet service’s website.
Bitcoin is a digital-only currency traded from computer to computer and is usually used to pay for goods online.Bitcoin has no central authority and is not backed by governments or banks.
