DNS Hijack Leads To Bitcoin Heist

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."

Comments

Re:Conviction for stealing bitcoins

[Zemran]

I do not think that any court or official government body recognizes your television as being a legitimate currency but I can be prosecuted for stealing it. If it has value to the owner, it can be stolen.