Data Breach

Bitstamp Data Breach

1 records exposed • January 2015

Hackers tricked a Bitstamp employee into installing malware. They stole 19,000 Bitcoin, but the company covered the losses and is still operating today.

What Happened

Hackers stole 19,000 Bitcoin from Bitstamp after phishing an employee. The exchange survived by covering losses and improving security.

Attack method: Employee phishing

What Data Was Exposed

Bitcoin - 19,000 BTC (worth ~$5 million at the time)

Is your business exposed?

What to Do If You're Affected

  1. 1.

    Enable all security features on crypto exchanges

  2. 2.

    Use hardware wallets for large holdings

Lessons for Businesses

  • Employee training prevents phishing
  • Exchanges can survive breaches with reserves
  • Cold storage limits hot wallet exposure

Sources

Related Breaches

Mt Gox 2014

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