RE: India's biggest bitcoin theft reported, nearly USD 3 million stolen

You are viewing a single comment's thread from:

India's biggest bitcoin theft reported, nearly USD 3 million stolen

in bitcoin •  7 years ago 

Without knowing the cause, it's hard to lay the blame. It appears to be a "legitimate" transaction which means compromised keys and possibly an inside job. Securing keys is not about blockchain tech - it's about best practices in a live environment with multiple possible threat vectors.

This type of thing will continue to happen because security is viewed as a cost center, not a revenue generator. An organization has either not taken the time (time is money, right?) or refused to spend the money to do security right.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

They have issued a bounty of INR 2 crores or USD 300000.

Hopefully that turns up something.