The Bitcoin wallet service website was recently hacked. The site had claimed to be the most secure digital wallet ever created, with 20 different security measures in place.
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Read Entire ArticleAn Australian entrepreneur going only by the name TradeFortress responsible for running Bitcoin wallet service Inputs.io claims two hackers recently infiltrated the website and stole roughly 4,100 Bitcoins, or about $1.18 million based on current conversion rates.
The site claimed to be the most secure wallet ever created and boasts some 20 different security measures including SSL encryption, location-based authentication, bcrypted passwords and a cold storage system. These measures, however, were seemingly not enough as the site was broken in to on October 26 according to the young owner.