Topic: [2016-02-07] LoanBase Users Lose 8 Bitcoin Due To Data Breach (Read 385 times)
At the time of writing this post, loanbase is still under construction. Let me hope this is not another scheme to reap bitcoins from its users. I know there were more than 10, 000 bitcoins by the time they shut down the site. We just hope for the best.
Natural selection once again.
SQL database compromised, due to a loophole in WordPress blog hosted on the same server. Who asked them to host WordPress with sensitive data?
Loanbase send emails to its users informing them of the hacking claim. They claim that the hackers accessed 5 users's accounts who had not set 2fa. They have promised to refund the users who have lost their bitcoins.
Loanbase formerly known as bitcoinlendlingclub is full of scammers, don't be surprised if the hacker itself is the owner of the site.
Maybe they should have taken security much serious and invested more in it before they announced to the world of their plan of new platform. Ofcourse these hackers will take advantage of something new, that is when most businesses haven't tested how fully working their system is.
Bitcoin lending platforms provide a viable alternative for entrepreneurs and companies looking to secure a tiny bit of extra money to cover certain expenses. The main goal of these services to provide loans to people all over the world, as Bitcoin is a universal form of transferring value. But some companies are being targeted by hackers, and Loanbase lost roughly 8 BTC in customer funds due to a breach.
http://themerkle.com/news/loanbase-users-lose-8-bitcoin-due-to-data-breach/
http://themerkle.com/news/loanbase-users-lose-8-bitcoin-due-to-data-breach/
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