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


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags securityinternetInternet-based applications and servicesDogeVault

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments