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Cyber thieves blamed for US$220,000 Bitcoin heist

Published on Feb 25, 2014 5:55 AM
 
A gang of cyber criminals using an army of infected computers made off with at least US$220,000 (S$278,546) worth of Bitcoins and other virtual currencies, security researchers said on Monday.  -- FILE PHOTO: REUTERS

WASHINGTON (AFP) - A gang of cyber criminals using an army of infected computers made off with at least US$220,000 (S$278,546) worth of Bitcoins and other virtual currencies, security researchers said on Monday. 

The researchers from the security firm Trustwave said the heist was accomplished by a botnet of computers using malware that has been dubbed "Pony".

The Pony botnet has affected an estimated 700,000 people or computers, allowing the criminals to control those accounts.

The scheme "collected approximately US$220,000 worth, at time of writing, of virtual currencies such as Bitcoin, LiteCoin, FeatherCoin and 27 others," said a blog post from researchers Daniel Chechik and Anat Davidi.

 
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