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

Google+ Pinterest LinkedIn Tumblr +

Last updated on February 16th, 2015 at 02:23 am

“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:

720 BTC bounty for chasing it back.

All wallets have been shut down and withdrawals of the unaffected coins will be arranged later.
Email:[email protected]
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 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.

Leave a Reply

Be the First to Comment!

Notify of