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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An 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.