There's a £60m Bitcoin heist going down right now, and you can watch in real-time

[InfoSec News <alerts () infosecnews org>]

http://www.newstatesman.com/future-proof/2013/12/theres-%C2%A360m-bitcoin-heist-going-down-right-now-and-you-can-watch-real-time

BY IAN STEADMAN
NewStatesman.com
02 DECEMBER 2013

One of the largest heists in bitcoin history is happening right now. 
96,000 bitcoins - that’s roughly £60m as of the time of writing - was 
taken from the accounts of customers, vendors and administrators of the 
Sheep Marketplace over the weekend.

Sheep was one of the main sites that came to replace the Silk Road when it 
closed in October, but it too has now closed as a result of this theft. 
It’s a little hard to work out exactly what’s happened, but Sheep 
customers have been piecing it together on reddit’s r/sheepmarketplace.

Here's what happened: someone (or some group) managed to fake the balances 
in peoples’ accounts on the site, showing that they had their bitcoins in 
their wallets when they’d actually been transferred out. Over the course 
of a week the whole site was drained, until the weekend when the site's 
administrators realised what was happening and shut everything down.

Originally it was thought that only 5,200BTC - or £3m - was taken, with a 
message posted on Sheep's homepage blaming a vendor called "EBOOK101" for 
finding and exploiting a bug. However, over the weekend it became clear 
that the amount stolen was much, much larger.

[...]

--
Dean Bushmiller teaches a great 5-Day CISM in Albany NY Dec. 2 – 6.
Call 327-937-9786 for details.