Fool Me Twice: $1.75M Stolen, BTER Exchange Claims

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“Fool me once. Shame on you. Fool me twice. Shame on me.” –Chinese Proverb.

BTER has the following statement on its website:

7170 BTC got stolen from our cold wallet in this transaction:

https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6

720 BTC bounty for chasing it back.

All wallets have been shut down and withdrawals of the unaffected coins will be arranged later.

BTER.com
Email:[email protected]
Phone:400-0070-955
QQ: 4000070955

 

With transactions frozen, some are claiming an inside job.  This comes in the wake of another recent hack, where BTER lost about $1.65M of NXT.  The outcome for that incident was a bit more favorable – the exchange was able to negotiate for the return of a partial amount.

How many others are like me – have some coin at BTER, and forgot, or was too lazy to move them after the first hack?  Probably in denial, I justified it as an NXT issue.  But that was the wake up call and now – shame on BTER – and me.

 

Coinbuzz

CoinBuzz provides news and analysis on Bitcoin and other digital currencies. Founded in 2014, the site has quickly become a leading source of information on digital currency technologies, businesses, markets, and regulation.

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