In our previous article, we talk about Mt Gox and the errors committed in the end that resulted in tragedy for all its users. Today we are going to mention other cases that have also been victims of attacks and millionaires robberies.

Other companies were victims of hacks, such is the case of Cryptsy, which suffered an attack that generated the loss of 13,000 Bitcoins and 300,000 Litecoins. The method used to carry out the theft was a combination between social engineering and technical expertise.

It is result that a user with the name of “Jack” contact Cryptsy creators recommend use a project that it was developing called “Lucky7Coin” which is described as a series of updates and improvements to certain specific problems, which was accessible on Github (still available on that platform).

The ingenuous developers agreed to use the recommendations of the strange “Jack” and incorporated the code into its platform, months later realized that what had been installed on their servers contained a hidden backdoor that allowed the wallets remotely manage allowing you to manage the funds and unauthorized transfers.

In this way the hacker managed to do with more than 5 million euros. Once again we realize how the error lies not in the machines or the system, but that the human being is the architect of his own disgrace.

Another site which entered into the list of stolen companies, was BitPay which in 2014 was the victim of a robbery of more than 5,000 Bitcoins, because to that hacked the account of an officer of the company, then to ask to a second directing the transfer of the bitcoins to a wallet from a pretended client.

The most recent case is from Coinkite, which was out of service because a series of attacks that have prevented him from continuing with its usual operations. This company really seemed to be taking off since it had a wide range of services that included from virtual wallet or crypto-banks, until debit cards based on crypto-coins.

In conclusion, we can say that there are many causes why we hear so many cases about hacks to bitcoin-based sites; one of them is the lack of seriousness given to this type of companies. We must remember that bitcoin ceased to be a social experiment, and many people around the world put their hopes and their savings in the bitcoin work. It is for this reason that each company or website that decides to offer services around the Bitcoin, must be attentive to all possible threats that there are out there and should be aware of the responsibility and seriousness that this type of business involved.

Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.