Crypto Mining Blog

After getting hacked last month and having over 7000 Bitcoins stollen the Chinese crypto currency exchange BTER apparently plans to get back to full operation instead of closing down. The website has been back online for a while already allowing users to withdraw some of the crypto coins they had before the hack, but it seems that the service operators do plan on fixing the security problems by rebuilding their backend and returning to normal operation and enabling the trading again. There are still not a lot of details as this was just announced on their official Twitter account, but probably more details will be available soon. The question that remains however is if they will be able to get their users back as this was not the first time the exchange suffered a serious breach in security resulting in loss of users coins.

– You might want to take a look at Bter’s website for additional details…

The Chinese crypto currency exchange Bter has apparently been hacked and is currently down. Th website notes that 7170 BTC apparently got stolen from the exchange’s cold wallet and they are offering 720 BTC bounty giving the transaction Id for the stolen coins. It seems that this could be the end of Bter as this is not the first time that the crypto currency exchange is having such problems getting hacked and coins stolen. It is not yet clear if what will happen with the exchange this time, after a few months ago they were able to get back on track after getting hacked and a lot of NXT coins getting stolen. Even if they manage to get back online again after this issue it will be hard to earn back the trust of the users and we would still recommend to avoid using it in this case anyway.

– You might want to take a look at Bter’s website for additional details…