Hackers appear to have stolen the entire user database of cloud-based Bitcoin mining outfit Cloudminr.io and are offering to sell 79,267 accounts including passwords for a single Bitcoin.
The Norwegian company's website is offline and criminal advertisements showcasing some of the CSV database of members has popped up on web clipboards like Pastebin. Despite their removal, some are still accessible in web caches.
The account information could be used to access Bitcoin wallets if Cloudminr.io users have made the common error of re-using passwords.
While users have rushed to change passwords, popular review site The Cloud Mining Directory says CloudMinr.io is "most likely an elaborate Ponzi scheme" after initally labelling it possibly the largest Bitcoin mining operations in the industry.
(Score: 1) by rigrig on Wednesday July 15 2015, @03:27PM
I suppose the ASIC manufacturers are selling the mining supplies.
It looks like mining clouds are
a) ASIC manufacturers trying to sell more of their hardware,
b) crowd funded large-scale mining operations, or
c) Ponzi schemes
And it's quite difficult to tell b) and c) apart
No one remembers the singer.
(Score: 4, Disagree) by captain normal on Wednesday July 15 2015, @03:55PM
"elaborate Ponzi scheme"? Doesn't that pretty well describe the entire bitcoin thing?
Everyone is entitled to his own opinion, but not to his own facts"- --Daniel Patrick Moynihan--
(Score: 2) by DeathMonkey on Wednesday July 15 2015, @06:10PM
It's not a pyramid scheme.
It's a reverse funnel system.