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DNS Hijack Leads To Bitcoin Heist

Posted by timothy on from the don't-make-trouble-nobody-gets-hoit dept.

First time accepted submitter FearTheFez writes "Social Engineering and poor DNS Security lead to a Bitcoin heist worth about $12000. Bitcoin broker Bitinstant was robbed after thieves managed to take over ownership of their domains. While Bitinstant claims that no customers lost any money, without 2 factor authentication all it took was a place of birth and a mothers maiden name to gain access. This looks like poor security from everyone involved."

2 of 126 comments (clear)

  1. The most likely suspect is... by Anonymous Coward · · Score: 5, Funny

    Bitinstant's mother. She knows both her maiden name and his birthdate, probably.

  2. crime doesn't pay by PopeRatzo · · Score: 4, Funny

    One of the thieves was later seen at the racetrack, trying to put down 1024 bitcoins on a horse in the third race.

    He was apprehended and later sentenced to 10 years of ridicule without possibility of parole.

    --
    You are welcome on my lawn.