Latest in Bitcoin

Image credit:

Bitcoin and other cryptocurrencies compromised by Pony botnet

Sponsored Links

It looks like the Pony botnet that stole two million passwords in December has an even more egregious sibling galloping around. According to security firm Trustwave, this more advanced botnet has compromised 700,000 various online accounts up to date (it's been active since September), including 85 Bitcoin and other cryptocurrency wallets mostly from Europe. In the months since the equine-loving hackers got the wallets' private keys, a total of $220,000 have been transferred into and out of the accounts.

Because anyone can take over a wallet with the appropriate private key (and cryptocurrencies' transactions go through anonymously), it's unclear whether that much money was actually stolen. Some of those transactions could very well be performed by the original owners themselves. Still, add this incident on top of the $1.2 million Input.io Bitcoin heist in 2013, and it's clear users need to start using (strong) transaction passwords and store their wallets offline. Those who've sadly been negligent in the security department can use Trustwave's Bitcoin tool to check if they own one of the 85 accounts. Considering popular Bitcoin exchange website Mt. Gox just went dark, as well, we hope nobody's retirement funds got wiped out.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Get $24 off the Nintendo Switch on Amazon

Get $24 off the Nintendo Switch on Amazon

View
Supreme’s burner phone is a hypebeast’s dream

Supreme’s burner phone is a hypebeast’s dream

View
Nintendo Switch sales top 15 million in North America alone

Nintendo Switch sales top 15 million in North America alone

View
Endel's Apple Watch app generates soothing sounds on your wrist

Endel's Apple Watch app generates soothing sounds on your wrist

View
You can report traffic snarls in Google Maps for iOS

You can report traffic snarls in Google Maps for iOS

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr