News Insights: LocalBitcoins Suffers $28,000 Phishing Attack – UNHASHED

LocalBitcoins Suffers $28,000 Phishing Attack – UNHASHED

LocalBitcoins Suffers $28,000 Phishing Attack – UNHASHED

The popular peer-to-peer trading site LocalBitcoins has reportedly experienced a significant attack and theft. At 10:00 UTC on January 26, the site’s administrators detected an issue that allowed an attacker to gain access to various user accounts. LocalBitcoins quickly locked down outgoing transactions in order to investigate the issue, and some details have already come…

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News Insights:

According to Willy Leichter, VP of Marketing, Virsec:

“Because cryptocurrencies offer an untraceable equivalent to digital cash, it should be no surprise that they are attracting attackers and theft. To be successful, this industry will need the strongest level of application protection, but as long as there are humans involved, there will be widespread theft.”