Hackers hit Bitcoin Central exchange

AccessTimeIconApr 29, 2013 at 3:53 p.m. UTC
Updated Sep 9, 2021 at 12:16 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

European bitcoin exchange Bitcoin Central has suspended its service temporarily, after it was hacked last week.

Bitcoin Central's website said a few hundred bitcoins had been stolen from a hot wallet after an intruder managed to reset the password for its hosting provider's web interface, locking the exchange out of its own site. The attacker then requested a reboot of the exchange’s machine, in rescue mode.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • "Using this, the attacker copied our hot wallet and sent away what was present," Bitcoin Central's website said.

    The exchange has promised to cover its users' losses.

    "We will refund everyone who so wishes up to the last cent and Satoshi and take the needed time, without rush, to come up with a platform, and infrastructure and procedures to meet the new challenges that are faced by the Bitcoin exchange ecosystem at large," the exchange's site said.

    Bitcoin Central's hosting provider, UK-based OVH, has been hacked before, according to reports. The administrator of the Slush mining pool recently noted on the Bitcoin Forum that his administrative interface for OVH had also been hacked using a password reset. Forum user "slush" said he reset the password, and also reset the password for his email account. He reported the password was then reset again, even though he had not yet opened the mail with the original reset link.

    A spokesperson for OVH declined to comment on either of the hacks when contacted by CoinDesk. In a response to a public Tweet by Bitcoin Central, OVH support said it does not reset passwords without email confirmation.

    Slush stated he has since moved his servers to an Amazon cloud computing environment. Bitcoin Central is back online at the time of writing, but is not trading. Instead, it is processing withdrawal requests from users.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.