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An unidentified 36-year-old man who owns a Bitcoin account has lost more than 100,000 euros ($117,000) worth of Bitcoins while he was logged in on a public wireless network in a restaurant in Vienna, Austria.
The Austrian police, however, claimed that they are still investigating whether the victim's account was already hacked before he opened his account on the unsecured network, CBS reports.
This latest case reflects the growing concern over the security of digital currencies like Bitcoin and Ethereum amidst their growing popularity as a mode of payment.
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Bitcoin Account Holder Loses $100K Over Public Wireless Network
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The last time I saw him he was walking down Lover's Lane holding his own hand.
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(Score: 4, Informative) by progo on Sunday November 26 2017, @07:11PM (1 child)
There are no detailed in either linked story. "Someone lost control of their digital assets on a public Wifi network" isn't a story. Did he authenticate with a remote wallet without using TLS? Was TLS compromised? Did someone break into his computer over Wifi? Did he post his private key on a public forum?
This is nothing but an unsubstantiated story to hurt BitCoin.
(Score: 2, Insightful) by Anonymous Coward on Sunday November 26 2017, @08:57PM
Yep.
It is unlikely that the compromise had anything to do with bitcoin per-se, but rather the other apps and OS they guy was running. The biggest threat to information security in the modern era, are the weakness's that are intentionally designed into the bulk of consumer communications products.