Australian Bitcoin bank hacked: $1m+ stolen

Ben Grubb reports:

A four-month-old Australian Bitcoin bank holding more than $1 million has been hacked, leaving thousands of customers in the lurch including a man who claims he was holding the virtual currency to buy a house with his girlfriend.

The alleged hacking happened on both October 23 and 26, with the service’s operator, known only as “Tradefortress”, saying hackers stole all 4100 Bitcoins held by the wallet service, or $1.3 million at the time of writing. The Bitcoins were stored on servers in the US and it wasn’t until this week that he decided to notify customers.

Read more on The Age.

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