50 Million NXT Stolen from Bitcoin Exchange BTER.com

On Friday Aug 15th at 1:33 AM EST, Bitcoin exchange Bter announced that someone had stolen 50 million NXT from their central account. The NXT stolen is 5% of the 1 billion NXT in circulation and was worth roughly $1.6M USD at the time of the hack.

Bter Tweet

Since then, we have been told that BTER has recovered 43M of the 50M stolen NXT. However, the only confirmation we have received is from the CEO of Bter, freeworm, on NXTForum.org and the supposed transaction ID. There has yet to be an official release on the NXT recovery by BTER.

NXT Tweet

We will update this page as more information/analysis becomes available.


Disclaimer: This post is intended solely to provide information. As I have no knowledge of individual circumstances and technical level, readers are expected to complete their own due diligence before proceeding with anything mentioned in this article. The topics discussed in this post are advanced and readers proceed at their own risk. Readers are expected to complete their own due diligence before purchasing or selling anything mentioned or recommended.