Chinese Bitcoin Exchange Bter Will Pay Back Users After Losing $1.75 Million In Cyberattack
China-based Bitcoin exchange Bter has announced that it will continue to operate its service and pay back all its users in time, following a cyberattack that saw the company lose $1.75 million in cryptocurrency to hackers. Bter says that it managed to trace the stolen 7,170 BTC to a Bitcoin mixer (a cryptocurrency laundering service) called Bitcoin Fog, but hasn’t heard from the company despite repeated attempts to make contact. In the meantime, Bter has partnered with Jua.com, a Bitcoin wallet service that claims to offer enterprise-class storage, to review the security code on its platform and to rebuild the…
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