Oct 2014 - BTC-e Data Leak - $0k (Russia)
"BTC-e was a cryptocurrency trading platform founded in July 2011 by Alexander Vinnik and Aleksandr Bilyuchenko". "BTC-e was established in July 2011, handling a few coin pairs, including Bitcoin/U. S. dollar and I0Coin to Bitcoin. By October 2011, they supported many different currency pairs, including Litecoin to dollars, Bitcoin to rubles and RuCoin to rubles." "It was a component of the CoinDesk Bitcoin Price Index since the index's September 2013 formation."
"A stolen data set containing user information from BTC-E from October 2014 revealed a total of 568,355 users registered with the exchange."
"The breached data contained all manners of user details including usernames, email addresses, passwords, IP addresses, dates of registration, and the user’s preferred language. Somewhat alarmingly, some profile details even revealed the number of bitcoins owned by the user."
"However, BTC-E used a discreet and a unique password hashing method to secure user passwords, a method unknown even to LeakedSource. Currently, every single password of over half a million BTC-E users remains “completely uncrackable, although that may change”, according to LeakedSource."
Further Analysis
The BTC-e platform was breached in October 2014. Data on 568,355 users was breached, although since passwords were hashed efficiently, only usernames, email addresses, IP addresses, dates of registration, and language settings were captured.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Blockchain.info R Value Vulnerability > > < < Ripple Trade Ripple and Stellar Hacking
Sources/Further Reading
Ledger Hack: Who is Ledger? What Happened? Does the Ledger data breach affect everyone? - YouTube (Jan 31)
https://www.ccn.com/bitcoin-exchange-btc-e-bitcointalk-forum-breaches-details-revealed/ (Mar 4)
https://www.databreaches.net/bitcoin-exchange-btc-e-and-bitcointalk-forum-breaches/ (Mar 4)
BTC-e - Wikipedia (Dec 12)
BTC-E | Bitcoin Exchange, Namecoin Exchange, Litecoin Exchange, BTC Exchange (Mar 4)
Update on BTC-E and BitcoinTalk Hacking Incidents (Mar 4)
LeakedSource disclosure of Bitcointalk.org and Btc-e.com Hack (Mar 8)
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