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Hacked Bitcoin Financial Site Had No Backups

Posted by timothy on from the harsh-lessons dept.

An anonymous reader writes "A fortnight ago the Bitcoin financial website Bitcoinica was hacked and the hacker stole $87,000 worth of Bitcoins. At the time the owner promised that all users would have their Bitcoins and US dollars returned in full, but one of the site developers has just confirmed that they have no database backups and are having difficulty figuring out what everyone's account balance should actually be. A failure of epic proportions for a site holding such large amounts of money."

2 of 331 comments (clear)

  1. this, ladies and gents... by Anonymous Coward · · Score: 0, Troll

    This, ladies and gents, is why we have governmental regulation of the financial system.

  2. Re:Ha! by Stormthirst · · Score: 0, Troll

    Good luck getting any bank in America regulated if the Republicans all three branches.