$61 million stolen from accounts at Bitcoin exchange Bitfinex

The Verge writes:

Hackers have compromised the Bitcoin exchange Bitfinex, the company announced today, withdrawing roughly $61 million from various consumer accounts. The causes of the breach are still unclear, but the attackers appear to have bypassed Bitfinex’s mandated limits on withdrawals.

“The theft is being reported to — and we are co-operating with — law enforcement,” the statement reads. “We ask for the community’s patience as we unravel the causes and consequences of this breach.”

You really shouldn’t be surprised. Online criminals are modern-day Willie Suttons. They go where the money is.

If you had a Bitcoin wallet with Bitfinex I imagine you would be quite worried right now.

In fact, if you had a Bitcoin wallet anywhere else you probably shouldn’t be feeling too smug. Security Week reports that the value of Bitcoin has dropped by more than 20% since the incident.

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Graham Cluley •   @gcluley

Graham Cluley is a veteran of the cybersecurity industry, having worked for a number of security companies since the early 1990s when he wrote the first ever version of Dr Solomon's Anti-Virus Toolkit for Windows. Now an independent analyst, he regularly makes media appearances and is an international public speaker on the topic of cybersecurity, hackers, and online privacy. Follow him on Twitter, Mastodon, Bluesky, or drop him an email.