Chinese Bitcoin exchange Bter will pay back users after losing $1.75 million in cyberattack

China-based Bitcoin exchange Bter has announced that it will continue to operate its service and pay back all its users in time, following a cyberattack that saw the company lose $1.75 million in cryptocurrency to hackers. Bter says that it managed to trace the stolen 7,170 BTC to a Bitcoin mixer (a cryptocurrency laundering service) called Bitcoin Fog, but hasn’t heard from the company despite repeated attempts to make contact. In the meantime, Bter has partnered with Jua.com, a Bitcoin wallet service that claims to offer enterprise-class storage, to review the security code on its platform and to rebuild the…



This story continues at The Next Web



from The Next Web http://ift.tt/1GHxYAg

via IFTTT