A widely used Bitcoin wallet service plans to issue refunds to people who saw their bitcoins stolen as a result of a weakness in its application….
A widely used Bitcoin wallet service plans to issue refunds to people who saw their bitcoins stolen as a result of a weakness in its application.
Blockchain.info, which has a Web-based service called My Wallet, has also upgraded its application after finding a vulnerability similar to one discovered earlier this month in some Bitcoin wallet programs running on the Android mobile OS.
“Likely if you have been affected by this problem your coins will have been taken already,” a Blockchain.info official wrote on the Bitcointalk.org forum. “All affected users will be refunded in full.”
Interest in Bitcoin has surged since its debut just four years ago. The system offers a low-cost way to transmit virtual currency over the Internet, and many companies and entrepreneurs are working to solve concerns around how to safeguard bitcoins from hackers.
To read this article in full or to leave a comment, please click here