DNS Hijack Leads To Bitcoin Heist 126
Posted
by
timothy
from the don't-make-trouble-nobody-gets-hoit dept.
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."
The most likely suspect is... (Score:5, Funny)
Bitinstant's mother. She knows both her maiden name and his birthdate, probably.
crime doesn't pay (Score:5, 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.