Business Magazine

Canada’s Largest Bitcoin Exchange Shutting Down After Security Breach

Posted on the 18 February 2015 by Worldwide @thedomains

Bitcoins

The hits just keep coming in the exciting world of cryptocurrency, The Next Web is reporting thatCavirtex, the largest Canadian Bitcoin exchange is shutting down after a security breach. This adds on to $1.75 million worth of BTC stolen from Chinese exchange BTER last week. Bitstamp lost $5million in January. Cavirtex said it did not lose any customer funds and will be returning them.

Canadian Bitcoin exchange Cavirtex has announced that it may have suffered a security breach and is shutting down its operations shortly.

The Calgary-based company says it believes an older version of its database, including two-factor authentication secrets and hashed passwords, may have been compromised on February 15.

While the company says it hasn’t lost any of its reserves, it feels “the damage to [its] reputation caused by the potential compromise will significantly harm [its] ability to continue to operate successfully.

Read the full article on TNW


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Harry and Meghan Announce That They Are Expecting Their First Child

    Harry Meghan Announce That They Expecting Their First Child

    The Duke and Duchess of Sussex while arriving in Australia for their first official overseas tour have released some special news. They are having a baby. The... Read more

    The 15 October 2018 by   Solarisastro
    BODY, MIND, SPIRIT, SPIRITUALITY
  • Concert Review: Some Roads Lead to Rome

    Concert Review: Some Roads Lead Rome

    Sir John Eliot Gardiner brings old-style Berlioz to Carnegie Hall. by Paul J. Pelkonen Sir John Eliot Gardiner. Photo courtesy Carnegie Hall. Historically... Read more

    The 15 October 2018 by   Superconductor
    CULTURE, THEATRE & OPERA
  • Cali Mavericks DoubleWood Whiskey Review

    Cali Mavericks DoubleWood Whiskey Review

    A craft bourbon made in California, through contract distillation, and finished in toasted French Oak; Cali Mavericks DoubleWood Whiskey is the latest thing to... Read more

    The 15 October 2018 by   Josh Peters
    DRINK
  • The Definitive Guide to Surviving Shopping at DMart

    It is a known fact that shopping at a DMart store can be a life-threatening experience. Which is why a guide like this is absolutely essential. Read more

    The 15 October 2018 by   Tejas Nair
  • Halloweens from Our Youth & Hellish Costumes

    Halloweens from Youth Hellish Costumes

    Let’s start with the obvious here. You could not breathe in these masks back in the 70s. You felt like you were being suffocated or worse. Read more

    The 15 October 2018 by   Midlifemargaritas
    LIFESTYLE
  • North American P-51D Mustang

    North American P-51D Mustang

    @ Camarillo Municipal Airport, CA August 2017 This P-51 Mustang “Bunny”, from the Palm Springs Air Museum, taxies by for takeoff at the Wings Over Camarillo... Read more

    The 15 October 2018 by   Htam
    PHOTOGRAPHY, SOCIETY
  • ✔638. Westleigh Park

    ✔638. Westleigh Park

    Havant Waterlooville 0-1 GatesheadNational League Saturday 13th October 2018 Havant is a town in the south east corner of Hampshire, situated in between... Read more

    The 15 October 2018 by   Smidrophenia
    SOCCER, SPORTS

Magazines