Zimbabwe Bitcoin Exchange, Golix, Hacked

By Staff Writer

Zimbabwe’s most visible cryptocurrencies exchange, Golix, has been hacked. The exchange disclosed the hack this evening in an email to customers.

According to the email, a limited number of account holders had their accounts accessed by “unsolicited third parties” in the past 3 weeks. The startup blames the hack on poor security practices by its users. Apparently, the hackers compromised users’ email accounts and used that to gain access to their Golix accounts.

Once in, the email says, the hackers converted funds between individual users’ cryptocurrencies and USD wallets, and also bought some cryptocurrencies. They were, however, apparently not able to withdraw …read more

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