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Bitconnect hacked - Infinite withdrawals

BY: @rudystyle | CREATED: Aug. 25, 2017, 7:39 p.m. | VOTES: 28 | PAYOUT: $17.42 | [ VOTE ]

(https://steemitimages.com/DQmeecbnkrL7FXDdVNvuPgyg8Aiux9mfQjfRSKDE2dREbjF/download.png)

Bitconnect.co seemed to have had some bugs in their website yesterday where one could withdraw funds infinitely from the website into external wallets. The site has suspended logins and registration currently and is scheduled to be back on 27th August 3 pm GMT. Users who took advantage of the exploit are asked to return the funds and they will have negative balances in their account. The bitconnect website was running very slow for a couple of days which may have been due to a DDos attack. Yesterday the price of Bitconnect coins crashed on many exchanges as people were withdrawal BCC coins infinitely from the website and selling it on the exchanges. It is not clear whether the bug was an error from the developers of bitconnect or a work of hackers.

Hope things get back to normal soon.

Read their announcement below

https://bitconnect.co/system-news/72/bitconnect-accessibility-update-glitch-in-the-websites-service/

TAGS: [ #bitconnect ] [ #hacked ] [ #cryptocurrency ]

Replies

@khatisam4 | Aug. 25, 2017, 7:43 p.m. | Votes: 3 | [ VOTE ]

thanks for sharing sir, hope this back to normal ... Sorry to hear that !

@minnowbooster | Aug. 25, 2017, 7:43 p.m. | Votes: 0 | [ VOTE ]

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@ionlysaymeep | Aug. 25, 2017, 7:57 p.m. | Votes: 0 | [ VOTE ]

meep

@zinga | Aug. 25, 2017, 7:49 p.m. | Votes: 5 | [ VOTE ]

R. I. P...

@sara.ben | Aug. 25, 2017, 7:54 p.m. | Votes: 0 | [ VOTE ]

great information, thanks dear for this post

@randowhale | Aug. 25, 2017, 7:57 p.m. | Votes: 1 | [ VOTE ]

This post received a 3% upvote from @randowhale thanks to @rudystyle! For more information, click here!

@bellyrub | Aug. 25, 2017, 10:36 p.m. | Votes: 0 | [ VOTE ]

This post has received a Bellyrub and 3.06 % upvote from @bellyrub thanks to: @rudystyle.
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@nofindra | Aug. 26, 2017, 7:30 a.m. | Votes: 0 | [ VOTE ]

The bitconnect website was running very slow for a couple of days which may have been due to a DDos attack. Yesterday the price of Bitconnect coins crashed on many exchanges as people were withdrawal BCC coins infinitely from the website and selling it on the exchanges. It is not clear whether the bug was an error from the developers of bitconnect or a work of hackers.
Hehe nice post @rudystyle

@steemitboard | Aug. 28, 2017, 5:45 p.m. | Votes: 0 | [ VOTE ]

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@nofindra | Aug. 29, 2017, 7:22 a.m. | Votes: 0 | [ VOTE ]

The bitconnect website was running very slow for a couple of days which may have been due to a DDos attack. Yesterday the price of Bitconnect coins crashed on many exchanges as people were withdrawal BCC coins infinitely from the website and selling it on the exchanges.
Hehe nice post @rudystyle

@gkumar | Aug. 29, 2017, 8:13 a.m. | Votes: 0 | [ VOTE ]

Seems that it was a fascinating news for the bitconnect users
Really they made huge amount through this fault in websites.
but what about others.

@moala | Aug. 30, 2017, 3:12 p.m. | Votes: 2 | [ VOTE ]

It's back to normal now

@rudystyle | Aug. 30, 2017, 3:13 p.m. | Votes: 2 | [ VOTE ]

Yes but some accounts are still locked and there are withdrawal issues

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