Inputs.io Hacked: Secure Bitcoin Wallet Not So Secure After All

 
on November 07 2013 12:50 PM

Bitcoin wallet Inputs.io was hacked twice on Oct. 24, and the thieves responsible stole a whopping 4100 BTCs, worth around $820 thousand dollars (EOD Oct. 24 valuation). The perpetrators utilized old email addresses without phone number authentication to compromise the company's servers. The secured digital wallet released a statement saying the cyberattacks “have left Inputs.io unable to pay all user balances.”

Inputs.io says they are personally paying back those affected out of pocket, prioritizing larger balances first. However, in the last two weeks the value of Bitcoins has soared. On Oct. 24, BTCs closed on trading site Mt.Gox at a high of $209; today, the site’s high is at $324. Since the theft was announced Thursday but occurred on Oct. 24, it is unclear whether the digital wallet site is repaying users using today’s value or the value on when the loss happened.

The site is encouraging users with more than 1 BTC to email their support from the email associated with the wallet to recover any if at all of the lost BTCs. Inputs.io also suggests users not add more BTCs to their wallet. 

The final statement on the website reads, “I know this doesn't mean much, but I'm sorry, and saying that I'm very sad that this happened is an understatement.”

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