Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Hackers steal over $40 million worth of bitcoin from one of the world's-largest cryptocurrency [tr]
CNBC ^ | May 8, 2019 | Arjun Kharpal

Posted on 05/08/2019 3:19:32 AM PDT by C19fan

Hackers have stolen over $40 million worth of bitcoin from Binance, one of the world's largest cryptocurrency exchanges, the company said on Tuesday.

Binance said the hackers ran off with over 7,000 bitcoin and used a variety of attack methods to carry out the "large scale security breach" which occurred on Tuesday. They also managed to get some user information such as two-factor authentication codes, which are required to log in to a Binance account.

(Excerpt) Read more at msn.com ...


TOPICS: Computers/Internet
KEYWORDS: crypto
Someone needs to keep a tally of the Bitcoin "stolen" through hacking.
1 posted on 05/08/2019 3:19:32 AM PDT by C19fan
[ Post Reply | Private Reply | View Replies]

To: C19fan

So much for cryptocurrencies being safe and unhackable as promised in the brochures.


2 posted on 05/08/2019 3:25:04 AM PDT by freedumb2003 (As always IMHO)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

Interesting. Sounds like there is an inside person.


3 posted on 05/08/2019 3:27:03 AM PDT by mad_as_he$$
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

Were do you spend this stolen bitcoin?

Forgive me, it aint gold.

I don’t get it, I seems Very limiting.


4 posted on 05/08/2019 3:33:10 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

They also managed to get some user information such as two-factor authentication codes

Really? Then they really weren’t two-factor, were they? The company doesn’t actually understand how two-factor works. True two-factor is unstealable, like a text code to a registered cellphone. Unless maybe they changed all the registered cellphone numbers to their own (the hackers) numbers.


5 posted on 05/08/2019 3:33:25 AM PDT by samtheman (To steal an election, who do you collude with? Russians in Russia or Mexicans in California?)
[ Post Reply | Private Reply | To 1 | View Replies]

Can I use bitcoin to buy Migas at a bodega? or do I need an account at grub hub?


6 posted on 05/08/2019 3:41:26 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
[ Post Reply | Private Reply | To 4 | View Replies]

To: mylife

Phantom money for those who like to live in the phantom online/social media world.


7 posted on 05/08/2019 4:36:40 AM PDT by simpson96
[ Post Reply | Private Reply | To 6 | View Replies]

To: C19fan

Snickering in my coffee. Bitcoin is NOT a currency, and it is obviously not crypto anything.


8 posted on 05/08/2019 5:13:28 AM PDT by I want the USA back (It's Ramadan! Double Virgins this month only! Allahu Fubar!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

Unpossible-Bitcoin is blockchain, can’t be hacked.


9 posted on 05/08/2019 5:32:16 AM PDT by VTenigma (The Democrat party is the party of the mathematically challenged)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

Unless bitcoin is in charge of storage, it is vulnerable


10 posted on 05/08/2019 6:02:16 AM PDT by aMorePerfectUnion
[ Post Reply | Private Reply | To 1 | View Replies]

To: aMorePerfectUnion

*COLD


11 posted on 05/08/2019 6:03:27 AM PDT by aMorePerfectUnion
[ Post Reply | Private Reply | To 10 | View Replies]

To: mylife

“Were do you spend this stolen bitcoin?”

1. One-legged suspended bed.

https://fancy.com/things/284325637/Fluttua-Floating-Bed-by-Daniele-Lago?utm=rec

2. The Cube cat kennel to sleep tight

https://fancy.com/things/1363441319166346535/The-Cube-Cat-Kennel-with-Black-Structure?utm=collection

3. GoDARK FARADAY BAGS - Industrial Strength Signal Blocking for Your Cell Phone and Tablet

https://godarkbags.com/?rfsn=2520883.7c25d3

You can buy all kinds of strange stuff with bitcoins. I’ve not done any buying with bitcoin and do not recommend any of the above sellers. Do your own due diligence.

Cheers.


12 posted on 05/08/2019 6:08:26 AM PDT by sergeantdave (Teach a man to fish and he'll steal your gear and sell it)
[ Post Reply | Private Reply | To 4 | View Replies]

To: mylife

Where do you spend gold?


13 posted on 05/08/2019 8:57:19 AM PDT by elcid1970 (No matter how bad things get, it can only be worse in New Jersey!)
[ Post Reply | Private Reply | To 4 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson