An anonymous reader quotes a report from Reuters: Hong Kong-based digital currency exchange Bitfinex said late on Tuesday it has suspended trading on its exchange after it discovered a security breach, according to a company statement on its website. The company said it has also suspended deposits and withdrawals of digital currencies from the exchange. “We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen, ” the company said. “We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.” The company said it has reported the theft to law enforcement. It said it has not yet determined the value of digital currencies stolen from customer accounts. CoinDesk reports that the company confirmed roughly 120, 000 BTC (more than $60 million) has been stolen via social media. “In response, bitcoin prices fell to $560.16 by 19:30 UTC, $530 by 23:30 and $480 at press time, CoinDesk USD Bitcoin Price Index (BPI) data reveals, ” reports CoinDesk. “This price was roughly 20% lower than the day’s opening of $607.37 and 27% below the high of $658.28 reached on Saturday, July 30th, when the digital currency began pushing lower.” Read more of this story at Slashdot.
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Bitcoin Exchange Bitfinex Says It Was Hacked, Roughly $60M Stolen
eWeek reports that “hundreds of millions of users remain at risk” one year after Joshua Drake discovered the Stagefright Android flaw. Slashdot reader darthcamaro writes: A year ago, on July 27, 2015 news about the Android Stagefright flaw was first revealed with the initial reports claiming widespread impact with a billion users at risk. As it turns out, the impact of Stagefright has been more pervasive…over the last 12 months, Google has patched no less than 115 flaws in Stagefright and related Android media libraries. Joshua Drake, the researcher who first discovered the Stagefright flaw never expected it to go this far. “I expected shoring up the larger problem to take an extended and large effort, but I didn’t expect it to be ongoing a year later.” Drake believes targeted attacks use Stagefright vulnerabilities on unpatched systems, but adds that Android’s bug bounty program appears to be working, paying out $550, 000 in its first year. Read more of this story at Slashdot.