Crypto Exchange Bter has been hacked

BTER-crypto exchange hacked

The Chinese Crypto Currency Exchange "Bter" has apparently been hacked and is currently down. The website notes that the 7170 BTC apparently was stolen from the children's cold wallet, and they offer 720 BTC bounty, which provides transaction ID for the stolen coins.

It seems that this could be the end of "Bter", as it's not the first time that the cryptography pattern has such problems getting hacked and coins stolen. It is not yet clear what will happen with the exchange this time, after a few months ago they could get back on track after they were hacked and many NXT coins were stolen. Although they manage to come back online again after this issue, it will be difficult to earn back trust with the users, and we will still recommend avoiding using it in this case anyway.