WORLD BITCOIN EXCHANGE

DESCRIPTION OF EVENTS

“World Bitcoin Exchange, due to fraudulent activity, stole over 5000 BTC worth at the time in AUD. The total amount stolen was 25779.49 AUD.”

Explore This Case Further On Our Wiki

It would seem from the initial look that this was another case of hacking a hot wallet.

HOW COULD THIS HAVE BEEN PREVENTED?

This is a case where simply knowing who's holding the funds and storing them properly offline with multiple signatures would have avoided the issues.

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List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses [Old] (Jan 28)

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