Cryptsy Hacked: Bitcoin Worth $USD 6 Million Stolen

[Petrovic]

The hacker inserted a Trojan malware into Cryptsy’s code so that he could access precious information and transfer cyber currencies.

 

Paul Vernon, also known as Big Vern, founder of Cryptsy announced that the cryptocurrencies exchange had been hacked. The announcement was made more than a year after the discovery of the hack because Cryptsy, in the meanwhile, was trying to cover everything up by channelling the money it was earning back into its clients’ wallets.

 

The attacker – famous for developing Lucky7Coin – inserted a Trojan malware into Cryptsy’s code so that he could access precious information and transfer cyber currencies – mainly bitcoinand litecoin – out of Cryptsy’s safe. Overall the losses amount to $6 million, equal to 13,00 BTC and 300,000 LTC if translated into cryptocurrencies.

 

Cryptsy is under investigation by a US federal court as it held “hostage” money belonging to its clients. The account holders were in fact denied access or unable to withdraw funds.

 

Clients were not warned of the hack and many of them continued depositing funds into the exchange. The money was probably used to refill those wallets who resulted empty after the attack. Cryptsy still owes 10,000 BTC (3830900.00 US Dollar) to its clients. Big Vern declared that he even try to involve the FBI in the matter, but did not succeed to do so.

 

Now, there is a bounty over Lucky7Coin’s developer’s head: 1000BTC promised to anyone who can trace the stolen money. Big Vern, on the other hand, promises “mercy” in the case of the hacker spontaneously returning the money or “war” if the hacker.

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