Tuesday, October 28, 2014

Tracking a Bitcoin Thief


For the last two years the crypto currency scene had exploded in size as people began learning about and participating in Bitcoin and its alternate currencies. Altcoins as people call them are smaller projects that can be mined and often traded directly for Bitcoin by miners who can not afford to mine Bitcoin directly. With this uprising of alternate currencies came the rise of many Exchanges; sites that provided a platform and medium for supporters, miners and traders of these projects to buy/sell/trade these currencies.

One of these altcoin exchanges was CryptoRush.in; a site dedicated to providing a fast paced medium for users to trade brand new crypto currencies which were traded at exchanges sometimes less than an hour after they were released. Unfortunately CryptoRush suffered a series of break-ins that crushed many members of the community but also provided an opportunity for us at BITCOMSEC to research, analyse evidence and track down the perpetrators. This article details over 7 months of logs, evidence and research that we have looked at to pinpoint exactly what happened at CryptoRush, its owners and who did walk away with all that money...

No comments: