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Detail Analysis

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Date:

Status:

Incident Count:

February 17, 2015

Verified

2

Contributor:

zerofriction.io

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KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

1,750,000

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Recovered Amount:

-

Currency:

Dollars, BTC

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Bitcoin

Exchange

Assets

Poor Key Management

Extended Method:

Private key leak, cold wallet

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China-based digital currency exchange BTER announced that it suffered a hack on its cold wallets. BTER announced that it lost 7,170 BTC (then worth $1.75 million).

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.