DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Cryptsy Hacked: Bitcoin Worth $USD 6 Million Stolen

Posted on January 18, 2016 by Dissent

From the talk-about-delayed-notification dept., Ali Raza reports:

Paul Vernon, also known as Big Vern, founder of Cryptsy announced that the cryptocurrencies exchange had been hacked. The announcement was made more than a year after the discovery of the hack because Cryptsy, in the meanwhile, was trying to cover everything up by channelling the money it was earning back into its clients’ wallets.

The attacker – famous for developing Lucky7Coin – inserted a Trojan malware into Cryptsy’s code so that he could access precious information and transfer cyber currencies – mainly bitcoin and litecoin – out of Cryptsy’s safe. Overall the losses amount to $6 million, equal to 13,00 BTC and 300,000 LTC if translated into cryptocurrencies.

Read more on HackRead.

Related posts:

  • CEO of Cryptsy, a Major Online Cryptocurrency Exchange Company, Indicted for Defrauding Company’s Customers, Destroying Evidence, and Tax Evasion
Category: Hack

Post navigation

← Hackers Are Sharing Reams of US Voter Data on the Dark Web
In: Police Detain Engineering Student for OUAT Website Hacking →

2 thoughts on “Cryptsy Hacked: Bitcoin Worth $USD 6 Million Stolen”

  1. Dino says:
    January 18, 2016 at 3:14 pm

    What a copy-paste hack job from the Softpedia and CCN.la articles. I recommend using those, or the Banking Info Security article as source for this article instead of this story where the reporter can’t barely write proper English.

    Links
    Softpedia: http://news.softpedia.com/news/cryptsy-bitcoin-trader-robbed-blames-backdoor-in-the-code-of-a-wallet-498994.shtml
    Banking Info Security: http://www.bankinfosecurity.com/bitcoin-heist-steals-millions-from-exchange-a-8803
    CCN: https://www.cryptocoinsnews.com/cryptsy-trades-withdrawals-suspended-indefinitely-claims-bitcoin-theft/

  2. Mathew says:
    January 19, 2016 at 4:32 am

    Thanks for the BankInfoSecurity shout-out. My story also has some fun details relating to Cryptsy about:
    *) Alleged connection with Secret Service “Silk Road” agent gone rogue
    *) Class-action lawsuit launched by Cryptsy users who want their bitcoins back
    *) The apparent fate of the stolen litecoins
    *) Cryptsy’s appeal to its attacker to send the missing bitcoins home again
    http://www.bankinfosecurity.com/bitcoin-heist-steals-millions-from-exchange-a-8803

Comments are closed.

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • Hacker helped kill FBI sources, witnesses in El Chapo case, according to watchdog report
  • Texas Centers for Infectious Disease Associates Notifies Individuals of Data Breach in 2024
  • Battlefords Union Hospitals notifies patients of employee snooping in their records
  • Alert: Scattered Spider has added North American airline and transportation organizations to their target list
  • Northern Light Health patients affected by security incident at Compumedics; 10 healthcare entities affected
  • Privacy commissioner reviewing reported Ontario Health atHome data breach
  • CMS warns Medicare providers of fraud scheme
  • Ex-student charged with wave of cyber attacks on Sydney uni
  • Detaining Hackers Before the Crime? Tamil Nadu’s Supreme Court Approves Preventive Custody for Cyber Offenders
  • Potential Cyberattack Scrambles Columbia University Computer Systems

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • Germany Wants Apple, Google to Remove DeepSeek From Their App Stores
  • Supreme Court upholds Texas law requiring age verification on porn sites
  • Justices nix Medicaid ‘right’ to choose doctor, defunding Planned Parenthood in South Carolina
  • European Commission publishes its plan to enable more effective law enforcement access to data
  • Sacred Secrets: The Biblical Case for Privacy and Data Protection
  • Microsoft’s Departing Privacy Chief Calls for Regulator Outreach
  • Nestle USA Settles Suit Over Job-Application Medical Questions

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.