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Bit-Loot: Virtual robbers swipe $ 1 mln in crypto-currency

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Cyber-thieves have stolen more than a million dollars in digital money from an online Bitcoin storage service. Hackers breached the host by manipulating flaws in the system which authenticates users. They made off leaving no trace having emptied the virtual vault almost completely. The service is unable to compensate most of those affected. The operation is the latest incident showing how imperfect the system remains.

RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.


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