At least six accounts robbed in hack of Bitcoin exchange LocalBitcoins

January 28, 2019


A breach of peer-to-peer exchange trading platform LocalBitcoins led to a series of unauthorized transactions from a number of accounts.

The exchange, which covers more than 16,000 cities around the globe, lets traders buy and sell Bitcoin in their vicinity. Its tagline, “Instant. Secure. Private” should no longer hold water following Saturday’s incident, which allowed hackers to steal funds from at least six of its users.

As per the official announcement, on Jan. 26 at around 10 AM (UTC), LocalBitcoins detected an “unauthorized source” accessing and sending transactions from a number of affected accounts. The exchange immediately disabled outgoing transactions. Still, admins later determined that at least six accounts had been affected.

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