Bitcoin currency exchange, LocalBitcoins received a very dangerous attack against the site’s infrastructure on Saturday 3rd May 2014.
LocalBitcoins were very quick to respond by taking the site offline and users were reassured that their bitcoins and data were safe.
LocalBitcoins explained that the attack had been carried out using social engineering:
“LocalBitcoins hosting received a request to restart the LocalBitcoins.com website server and give access to the server console (root) on Sat May 3 13:32:27. LocalBitcoins team did not initiate this request. For now, it looks like the request was made using spoofed email addresses and other weakness in the hosting provider support system.”
The LocalBitcoins team were promptly alerted to the attack that gave the attacker root access to the server for about 40 minutes.
No data was compromised and as it is encrypted, manual procedure’s are required for access.
“It is very unlikely that the attacker gained access to any data; LocalBitcoins is still performing full investigation on the matter,” the company said.
All bitcoins stored in the LocalBitcoins hot wallet and cold wallet are safe and are hosted on an external server.
The team apologised for the outage and said it would take about 24 hours to resolve.
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