Author

Topic: 2012-09-25 dailytech.com - Second Bitcoin Hack Highlights Challenges, Resilience (Read 902 times)

legendary
Activity: 1050
Merit: 1000
heh, reporters who can't even get a smallest tiniest detail right such as where company is based. the author read another article where Shtylman made some comments in interview out of London (conference) and assumed BitFloor was based in there, probably didn't even visit the site https://bitfloor.com/about

Obviously lazy 'journalism' is obvious
legendary
Activity: 1092
Merit: 1001
Quote
Second Bitcoin Hack Highlights Challenges, Resilience of Anarchic E-Currency
Hack occurred due to exchange operator leaving his keys unencrypted

Jason Mick
2012-09-25

http://www.dailytech.com/Second+Bitcoin+Hack+Highlights+Challenges+Resilience+of+Anarchic+ECurrency/article27776.htm

...
London-based BitFloor founder Roman Shtylman reported the theft to the U.S. Federal Bureau of Investigation (despite their anarchic nature, Bitcoins can be considered personal property and are arguably "illegal" to seize via hacking).  He's also reopened the exchange, though his volume is down substantially placing his site as the thirteenth largest exchange globally.
...
For now, though, some more folks have lost their hard earned cash to the world of Bitcoin.  The lesson is that as grim as today's corruption prone offline economy is, digital anarchy isn't entirely danger free either. 
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