MyBitcoin Username/Password Breach
A file containing usernames and passwords from the large Mt. Gox cryptocurrency exchange was accessed, and this allowed multiple breaches to occur of around 1% of the users on the MyBitcoins exchange.
Ultimately, MyBitcoins sought to cover the losses for users.
About MyBitcoins
More information needs to be added.
The Reality
More information needs to be added.
What Happened
The specific events of the loss and how it came about. What actually happened to cause the loss.
Key Event Timeline
Total Amount Lost
The loss was estimated at the time to be 4,019 BTC (or
Immediate Reactions
The pseudonymous operator of MyBitcoin acknowledged at the time:
“We’ve concluded that around 1% of the users on the leaked Mt[G]ox password file had their Bitcoins stolen on MyBitcoin.”
Ultimate Outcome
Affected users were reimbursed the total value of their losses on the MyBitcoin platform. Those who withdrew from the platform could have kept them after the platform ultimately collapsed.
Total Amount Recovered
All 4,019 BTC (worth $72k USD) were ultimately reimbursed to users.
Ongoing Developments
None.
References
A section with the references where information came from.