Bitcoin Heist! Man claims over $1 million worth of Bitcoins stolen

An Australian man who ran a Bitcoin wallet service claims that hackers have stolen over $1 million worth of Bitcoins.

Identified only as TradeFortress, the man said 4,100 Bitcoins (about $1.04 million) were stolen in two separate attacks on the service he operated. He would not report the crime to the police however, claiming Bitcoin transactions are virtually impossible to trace.

"I know this doesn't mean much, but I'm sorry, and saying that I'm very sad that this has happened is an understatement," he wrote on the website.

"Please don't store Bitcoins on an internet-connected device, regardless if it is your own or a service's."

Of course, there are many suggestions that this was an inside job, which he denied outright in an interview with ABC News.

Written by: James Delahunty @ 8 Nov 2013 18:12

SomeBozo

I'm confused, from what i've seen Bitcoin is only an electronic, essentially a GUID that you have which records you bit coin. There is nothing tangible you can hold, it truely is compeltely electronic. So i don't understand the statement "Don't store them on and internet connected device...". That is the only way you will ever be able to use them.

Bitcoins just seems like a technology full of fail... But surprised by the guy a few months back, invested $25 in 2006 or so and then are now work just about $1M. Might be one of the best returns on investment ever?

8.11.2013 23:56 #1

GrandpaBW

He should have hidden them under his mattress.

Life is good!
GrandpaBruce - Vietnam Vet - 1970 - 1971
Computer: Intel Core i7-920 Nehalim;Asus P6T Deluxe V2

9.11.2013 17:46 #2

ddp

or buried in the backyard in the middle of the night after doing a map to mark it's location(s).

9.11.2013 18:57 #3

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