Europe’s biggest Bitcoin payment processors attacked by Russian hackers. 1,295 Bitcoins, worth $1 million, stolen

It’s obvious that Bitcoin exchange companies are in the close sight of hackers today. After invading Australia-based and China-based GBL, this time they cleaned out one of the largest Europe’s Bitcoin payment processor, known as BIPS. According to ‘The Hacker New’s, hackers attacked Denmark-based BIPS on Friday evening, and managed to steal 1,295, worth $1 million, Bitcoins.

It seems that this crime succeeded after two different attacks. The first DDoS attack against BIPS was initiated several days before the second one. It seems, that it helped hackers to identify the security weaknesses of the system. Once they spotted these vulnerabilities, they initiated the second break in, and finally accessed to 22.000 online Bitcoin wallets.

According to company’s press release, “BIPS will temporarily close down the wallet initiative to focus on real-time merchant processing business which does not include storing of Bitcoins.”

If you are among compromised BIPS users, you will be contacted by the company. It also says that it will ask all existing its users to transfer their bitcoins to other wallet services. Hopefully, the company will manage to find these hackers.

Source: The Hacker News

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