I found this information while surfing the internet and wanna share.
bitcoin has come a long way and has withstood some notable hacks. Currently, the attacks on bitcoin are more political. some of the previous attacks that are worthy of note are:
Allinvain
It’s not a bitcoin service, but honorary mention has to go to Allinvain, a member of the BitcoinTalk forums who, in June 2011, became the first person to suffer a major loss owing to a bitcoin hack.
Mt Gox
The first MtGox hack came a little after Allinvain’s. The company, which at the time had a near-monopoly on the trade between bitcoins and real money, suffered a catastrophic hack just one week later.
An attacker with a Hong Kong IP address compromised an account on the site, and then made a massive sale of bitcoins, causing the price of the currency to drop from $32.00 per coin to mere pennies. Ironically, the hackers themselves didn’t even manage to profit from it; their attempts to withdraw the looted money hit up against Mt Gox’s withdrawal limit of $1000 a day.
Bitcoin Savings and Trust
Following the collapse of the first bitcoin bubble, hacking activity died down for a bit. With bitcoins worth single-digit dollars, there was less motivation to steal them. But in the summer of 2012, one of the biggest – in bitcoin terms – scams ever began to fall apart.
These are a few of them. you can read more here: https://www.theguardian.com/technology/2014/mar/18/history-of-bitcoin-hacks-alternative-currency
PS:
I would be glad to know more from old members of the forum. History is good for posterity.
Yes im glad to knowing the history of bitcoin for what is the rote of this wonderful oppurtunity and we knowing the attacks of that century jobing this oppurtunity and its nice to know the bitcoin attacks. bitcoin has come a long way and has withstood some notable hacks. Currently, the attacks on bitcoin are more political. some of the previous attacks that are worthy of note are:
Allinvain
It’s not a bitcoin service, but honorary mention has to go to Allinvain, a member of the BitcoinTalk forums who, in June 2011, became the first person to suffer a major loss owing to a bitcoin hack.
Mt Gox
The first MtGox hack came a little after Allinvain’s. The company, which at the time had a near-monopoly on the trade between bitcoins and real money, suffered a catastrophic hack just one week later.
An attacker with a Hong Kong IP address compromised an account on the site, and then made a massive sale of bitcoins, causing the price of the currency to drop from $32.00 per coin to mere pennies. Ironically, the hackers themselves didn’t even manage to profit from it; their attempts to withdraw the looted money hit up against Mt Gox’s withdrawal limit of $1000 a day.
Bitcoin Savings and Trust
Following the collapse of the first bitcoin bubble, hacking activity died down for a bit. With bitcoins worth single-digit dollars, there was less motivation to steal them. But in the summer of 2012, one of the biggest – in bitcoin terms – scams ever began to fall apart.
These are a few of them. you can read more here: https://www.theguardian.com/technology/2014/mar/18/history-of-bitcoin-hacks-alternative-currency
PS:
I would be glad to know more from old members of the forum. History is good for posterity.
