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$2.7M In Bitcoins Stolen From Black Market Site

Date:
February 15, 2014
Source:
Newsy / Powered by NewsLook.com
Summary:
$2.7 million worth of Bitcoins were reportedly stolen from Silk Road 2. Hackers exploited a loophole with Bitcoins that opens them up to theft. Video provided by Newsy


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last updated on 2014-07-28 at 11:13 pm EDT

Bitcoin Exchange Mt. Gox to Liquidate After Rebuilding Rejected

Bitcoin Exchange Mt. Gox to Liquidate After Rebuilding Rejected

TheStreet (Apr. 16, 2014) — Bitcoin exchange Mt. Gox has agreed to liquidate after a Japanese court rejected its plans to rebuild, according to a report by the Wall Street Journal. Mt. Gox filed for bankruptcy protection in February after announcing about 850,000 bitcoins, worth around $454 million at today's rates, may have been stolen by hackers. It has since recovered 200,000 of the missing bitcoins. The court put Mt. Gox's assets under a provisional administrator's control until bankruptcy proceedings begin. Video provided by TheStreet
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Mt.Gox CEO Speaks Out After Shutdown of Bitcoin Exchange

Mt.Gox CEO Speaks Out After Shutdown of Bitcoin Exchange

TheStreet (Feb. 26, 2014) — The CEO of Mt. Gox has released a statement for the first time since the bitcoin exchange was shut down on Tuesday. Mark Karpeles said that he is still in Japan and that he is working very hard with the support of different parties to find a solution to the exchange's recent issues. The statement comes amid speculation the CEO was in hiding following reports of an estimated 744,000 bitcoins worth about $350 million was stolen. Tuesday's shutdown came after weeks of problems for Mt.Gox, which suspended withdrawals earlier this month. Video provided by TheStreet
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Yahoo! Mail Gets Hacked Months After Target Data Breach

Yahoo! Mail Gets Hacked Months After Target Data Breach

TheStreet (Jan. 31, 2014) — Yahoo! Mail is the latest high-profile site to get hacked. Following similar data breaches at Target and Neiman Marcus, Yahoo! announced its mail site had been hacked but that customer information had not been stolen. Yahoo! says it suspects a third-party database was hacked and the company is working with authorities to determine who is behind the theft of emails and passwords. This isn't the first time Yahoo! has had a cyber attack - the company was a target multiple times in 2012. Video provided by TheStreet
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Facebook Outage Hits Users Worldwide, Second Crash in 2014

Facebook Outage Hits Users Worldwide, Second Crash in 2014

TheStreet (June 19, 2014) — Thursday morning, Facebook users across the globe were greeted with a message that read "Sorry, something went wrong." The social networking site crashed and was down for less than an hour on desktops and via mobile app. The issue was resolved by about 4:30am, EST. This is the second time the site has gone down this year - the last outage was in February - and lasted for several hours. With just under 1.3 billion users world-wide, outages were reported in Europe, South Africa, Australia, South Korea and India. There is no indication yet of what exactly went wrong but the company said the issue has been resolved and the site is back up and running at 100 percent. Video provided by TheStreet
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