Between 2011 and 2012, Clifton Collins bought 6,000 bitcoin using money he earned from growing and selling marijuana, The codes were printed onto a piece of paper and stuffed into a fishing rod case. His landlord sent many of Collins’ possessions to a local dump during the process of clearing out Collins’ room. Source
- Chinese cryptocurrency exchange FCoin may default on 7,000 to 13,000 BTC (around $67 million to $125 million) of user funds
- Founder and former Huobi CEO Jian Zhang revealed details of the exchange’s status and financial difficulties
“Unfortunately we have to notify you with the fact that our exchange was hacked during the night and almost all funds from BTC, ETH, ARRR and VRSC were stolen. A small part of the funds are safe on cold wallets.” twitter
1. On February 5, 2020 the exchange Altsbit suffered an attack by hackers, in the attack unfortunately a certain quantity of coins were stolen from the platform. After a careful analysis we managed to understand the stolen quantities, fortunately a good part of the coins were kept on cold storage, these coins will be returned to the users of Altsbit exchange not having the possibility to compensate for these losses, they will be distributed among all users of the platform each coin will have its calculation based on the percentage that was saved during the attack
2. Current verified losses are:
- Bitcoin (BTC): 6,929 lost out of 14,782 held
- Ether (ETH): 23,210 lost out of 32,262
- Pirate Chain (ARRR): 3,924,082 lost out of 9,619,754
- Verus Coin (VRSC): 414,154 lost out of 852,726
- Komodo (KMD): 1,066 lost out of 48,015
black hat hacking group LulzSec claimed it “We assure that @altsbit didn’t have (sic) proper security to stop Lulz Canon. Many others to follow. Better Stack up the Security – Note to other Exchanges.“
Bitcoins are burned, or in other words become unspendable and therefore removed from circulation, after being sent to these addresses because they have no known private key.
1BitcoinEaterAddressDontSendf59kuE is one of those. Over the years 306 fools have sent 13.22549055 BTC to this address 🙂
At 6:34pm EST Saturday, Fusion Foundation CEO DJ Qian announced in the official FSN Telegram group that the token-swap wallet, an Ethereum address used to swap ERC-20 FSN tokens for tokens on the FSN mainnet, had been compromised. Qian said 10m native FSN and 3.5m ERC-20 FSN were stolen—a combined 38% of circulating supply according to CoinMarketCap.
“After it was stole, we found the [thief] kept moving those stolen FSN in order to wash the address holding FSN, and sent part of the them to exchanges to sell,” Qian said in the Telegram group.
3.5 billion yen ($32 million) of funds were stolen, with 2.5 billion yen of that belonging to customers. The hot wallet involved in the hack contained five cryptocurrencies, including bitcoin, Bitcoin Cash, and Ripple. In a more detailed document released by RemixPoint, the legal entity behind Bitpoint, the company said that hackers stole funds from both of its “hot” and “cold” wallets.
- 1,225 bitcoin,
- 1,985 bitcoin cash,
- 11,169 ether,
- 5,108 litecoin.
The exchange said:
“At approximately 1am June 27 (GMT+8), a hacker exploited a vulnerability in our Risk Control team’s 2nd review process to access the personal funds of about 90 Bitrue users. The attack was soon detected, and [trading] activity was temporarily suspended on Bitrue.”
How it was done:
“A hacker exploited a vulnerability in our Risk Control team’s 2nd review process to access the personal funds of about 90 Bitrue users. The hacker used what they learned from this breach to then access the Bitrue hot wallet and move 9.3 million Ripple (XRP) and 2.5 million Cardano (ADA) to different exchanges.”
“First of all, please let us assure you that this situation is under control, 100% of lost funds will be returned to users, and we are reviewing our security measures and policies to ensure this does not happen again.”