Wednesday, August 14, 2013

D'oh! Attackers exploit Android bugs to steal Bitcoins from "wallet" apps



The bugs lie in the way Android generates private keys used to authenticate the Bitcoin owners.

The bugs lie in the way Android generates private keys used to authenticate the Bitcoin owners.

Criminals have found a way to steal Bitcoins from users' "wallet" apps by exploiting major vulnerabilities in the Android mobile operating system.

According to an online community of Bitcoin users, who spoke out on a Bitcointalk.orgforum over the weekend, cyber thieves have made off with at least 55 Bitcoins, which amounts to about $5,800, given Bitcoin's current exchange value.

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