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Analysis, Digital Rights, Intellectual Property, Security - Wednesday, November 13, 2013 8:46 - 1 Comment
analysis In another episode of the ongoing rollercoaster of a story that is Bitcoin, about 4,100 of them have been stolen from an online bitcoin wallet site inputs.io. At current exchange rates, this puts the value of these bitcoins at about $1.4 million, making it a very significant robbery by anyone’s measure.
If this was all there was to this story, it could be just filed as yet another salutary tale of buyer beware, especially where the Internet is concerned. Bitcoin is a particularly risky currency as it exists only in the virtual world, it is largely unregulated and mostly anonymous making it an extremely attractive target for scams and theft.
What makes this particular story more interesting is the fact that the person behind the site inputs.io is allegedly an 18 year old Australian going by the alias “TradeFortress” living in Hornsby, NSW. Some have immediately asked the question whether TradeFortress himself was behind the theft.
- Brandis refuses to answer piracy questions
- It’s time for transparency: Show us the Trans-Pacific Partnership Agreement
- DFAT blocks media from public TPP briefing
- Surprise! Coalition re-kindles anti-piracy talks
- Intel buys Barrie’s Sensory Networks
- Australia extends global Internet piracy lead
- ‘Presto’: Foxtel launches movies on demand
- Will the green shoots of Australian innovation policy be cut off prematurely?
- ‘Too busy’: Attorney-General refuses election interview on online rights issues
- Finally, Foxtel launches full IPTV service
- Drastic govt measures needed:
IT price hike report pulls no punches
- Locked down: Foxtel blocks non-Samsung
Android, jailbroken Apple devices
- “Aussies treated like second-class citizens”:
Choice blasts US TV giants
- Ludlam reveals catch-all “fair use” copyright bill
- How to get around Australian geo-blocking
- Where’s our Arrested Development?
Choice Australia asks Netflix
- Gillard watches Game of Thrones legally
- “Extortion”: Pirate Party slams piracy letters
- Irony: Anti-piracy law firm previously
argued against targeting users
- Foxtel locks up Game of Thrones:
No more fast-tracked iTunes downloads
- AFP questions Attorney-General
for not switching off phone on plane
- US ambassador begs Australians:
Stop pirating Game of Thrones
- The Foxtel-BBC deal: Implications
for Australian television and content
- Profiteers snap up Boston Marathon, Waco domain names
- Can Game of Thrones help save Quickflix?
- John Birmingham skewers Game of Thrones pirates
- Netflix’s House of Cards hits Foxtel; and Foxtel only
- Despite quick, cheap, legal option,
Australia still top Games of Thrones pirating nation
- Smacking down online piracy;
does New Zealand know best?
- Aaron’s Army fights the Trans-Pacific Partnership
- NBN “disastrous” for piracy, claims music industry
- “Victoria will decide”:
Conroy on ‘Senator’ Julian Assange
- Lunch and dinner with Julian Assange, in prison
- Battle royalty: Is this the end of online radio streaming?
- Pirate Party Australia feuds with parent
- CSIRO cuts jobs in rich Wi-Fi division
- IT more valuable than mining, says Gillard
- Python-iView: Copyright crusader or vigilante operative?
- Reality check: Piracy is not killing Australian film
- ABC embroiled in copyright debate over iview
- Optus and TV Now:
Will copyright law catch up to the cloud?
- High Court doesn’t feel the Optus vibe
- Doctor Who? One small step towards innovation
- New copyright laws not the answer to illegal downloads
- Why Pirate Party members are not ‘whiny brats’
- Nokia shutters Aussie development facility
- Pirate Party ACT registration not a failure
- Pirate Party Australia fails election rego again
- Piracy: iiNet refutes content industry “doom and gloom”
- Australia’s Internet freedom being eroded, Greens warn
- Secret anti-piracy talks pointless, says iiNet
- Consumer group has piracy conflict of interest
- Consumer group invited to secret piracy talks
- Author John Birmingham quits eBook DRM
- Would FYX’s global mode have breached copyright?
- Australia top Game of Thrones pirating nation
- Optus a “disgusting” company, says AFL chief
- Greens demand Australia cancel ACTA participation
- NRL, AFL win appeal in Optus TV Now case
- Turnbull on iiTrial: We need ‘global copyright’
- Piracy meetings still censored: “No public interest”
- iiNet’s Hollywood ending: what does
its court victory mean for copyright law?
- Back off, AFACT: Changing the law is not the answer
- Australian Govt says hands tied on Assange
- Is the CSIRO a patent troll? US debate turns feral
- Opening Pandora’s box: secret treaty threatens human rights