Cryptsy Bitcoin Trader Robbed, Blames Backdoor In the Code of a Wallet

0
272

An anonymous reader writes: Cryptsy, a website for trading Bitcoin, Litecoin, and other smaller crypto-currencies, announced a security incident, accusing the developer of Lucky7Coin of stealing 13, 000 Bitcoin and 300, 000 Litecoin, which at today’s rate stands more than $5.7 million / €5.2 million. Cryptsy says “the developer of Lucky7Coin had placed an IRC backdoor into the code of [a] wallet, which allowed it to act as a sort of a Trojan, or command and control unit.” Coincidentally this also explains why two days after the attack was carried out, exactly 300, 000 Litecoin were dumped on the BTC-e exchange, driving Litecoin price down from $9.5 to $2. Read more of this story at Slashdot.

See the original post:
Cryptsy Bitcoin Trader Robbed, Blames Backdoor In the Code of a Wallet

LEAVE A REPLY

Please enter your comment!
Please enter your name here

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.