Menu
DogeVault says attackers gained access to virtual machines

DogeVault says attackers gained access to virtual machines

The service lost 280 million dogecoins and has recovered 120 million

DogeVault said it lost about $130,000 worth of the virtual currency dogecoin after hackers accessed its virtual machines.

DogeVault said it lost about $130,000 worth of the virtual currency dogecoin after hackers accessed its virtual machines.

An online wallet for the dog-themed cryptocurrency dogecoin said Thursday it lost 280 million coins, worth about US$130,000, after attackers gained access to its virtual machines on Sunday.

DogeVault said it likely also lost its database containing user account information, but its passwords were encrypted using a "strong one-way hashing algorithm."

"We will make every effort to refund all recovered dogecoins to users," according to a notice on its website. "More information on this will be released along with further information on the attack after we have completed our investigation."

Online services for storing and trading virtual currencies such as bitcoin are frequently targeted by hackers. Mt. Gox, a Tokyo-based exchange, filed for bankruptcy in February after saying it lost up to 650,000 bitcoins, possibly due to hackers.

DogeVault said attackers gained access "to the node on which DogeVault's virtual machines were stored, providing them with full access to our systems." The service had 400 million coins in its "hot wallet," a reserve that allows people quick access to their virtual currency. It said 120 million dogecoins had been recovered.

Traders were advised not to move any funds into DogeVault addresses since the security of those accounts are "presumed compromised," the service said. Those who lost dogecoins should not file claims with DogeVault yet but can direct queries to "support@dogevault."

Send news tips and comments to jeremy_kirk@idg.com. Follow me on Twitter: @jeremy_kirk

Subscribe here for up-to-date channel news

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags DogeVaultInternet-based applications and servicessecurityinternet

Featured

Slideshows

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

Revealed at a glitzy bash in Sydney at the Ivy Penthouse, the first StorageCraft Partner Awards locally saw the vendor honour its top-performing partners with ASI Solutions, SMBiT Pro, Webroot, ACA Pacific and Soft Solutions New Zealand taking home the top awards. Photos by Maria Stefina.

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards
Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip

Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip

​Synnex and Lenovo hosted 18 resellers for an action-packed weekend adventure in RotoVegas, taking in white water rafting on the Kaituna River, as well as quad biking and dinner at Stratosfare​, overlooking Lake Rotorua at the top of Mount Ngongotaha​. Photos by Synnex.

Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip
Show Comments