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Bitcoin In 2014: The Ugly By Brad Edwards From The CoinFront
Bitcoin has had its share of ups and downs, but these events are just downright ugly. Discover more at http://thecoinfront.com/bitcoin-in-2014-the-ugly/?TR #2014, #AlexGreen, #Bitcoin, #Dogevault, #Flexcoin, #Hackers, #Mintpal, #Moolah, #MtGox, #Scammers, #Security #Articles, #BitcoinLife
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Dogecoin: Much hacked, very cause to worry
Photo: Courtesy of Flickr user pinguino
DogeVault, an online wallet service for the popular cryptocurrency Dogecoin confirmed yesterday that it has been hacked, with millions of Dogecoin likely missing from users’ wallets.
The statement on the free cryptocurrency wallet service’s website reads in part:
On the 11th of May, the Doge Vault online wallet service was compromised by attackers, resulting in a service disruption and tampering with wallet funds. As soon as the administrator of Doge Vault was alerted, the service was halted. The attackers had already accessed and destroyed all data on the hosted virtual machines. We are currently in the process of identifying the extent of the attack and potential impact on user's funds. This involves salvaging existing wallet data from an off-site backup. We will also closely be investigating potential attack vectors, and determining the security breach which enabled the attackers to compromise the service.
Dogecoin does not have the same high valuation as BitCoin with one Dogecoin currently trading at a fraction of an American dollar.
