DNS Hijack Leads To Bitcoin Heist

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Submitted by FearTheFez on Thursday March 07, 2013 @09:17PM

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."
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DNS Hijack Leads To Bitcoin Heist