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

in #bitcoin7 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.

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

Hopefully that turns up something.