{"id":24730,"date":"2019-01-27T17:39:13","date_gmt":"2019-01-27T17:39:13","guid":{"rendered":"http:\/\/5c6ba31d-7e0a-4659-a7c3-778d32bc4156"},"modified":"2019-01-27T17:39:13","modified_gmt":"2019-01-27T17:39:13","slug":"localbitcoins-blames-security-breach-on-forum-third-party-software","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/localbitcoins-blames-security-breach-on-forum-third-party-software\/","title":{"rendered":"LocalBitcoins blames security breach on forum &#8216;third-party software&#8217;"},"content":{"rendered":"<p><span class=\"img aspect-set\"><img decoding=\"async\" src=\"https:\/\/zdnet2.cbsistatic.com\/hub\/i\/2019\/01\/27\/9454e2c8-1cc8-4229-b756-8fbe86d35319\/b420b081c25e49d7cc4b3b96e915d37d\/localbitcoins.png\" class=\"\" alt=\"LocalBitcoins\"\/><\/span><span class=\"credit\">Image: LocalBitcoins \/\/ Composition: ZDNet<\/span><\/p>\n<p><a href=\"https:\/\/localbitcoins.com\" target=\"_blank\" rel=\"noopener noreferrer\">LocalBitcoins<\/a>, a peer-to-peer cryptocurrency exchange portal, announced a security breach yesterday, Saturday, January 26.<\/p>\n<div class=\"relatedContent alignRight\">\n<h3 class=\"heading\"><span class=\"int\">More security news<\/span><\/h3>\n<\/div>\n<p>The breach occurred at around 10:00 UTC (05:00 ET) and lasted for almost five hours before the company intervened to stop the ongoing attack.<\/p>\n<p>During that time, users reported that when accessing the LocalBictoins forum, they would be redirected to a page mimicking the LocalBitcoins login page.<\/p>\n<p>In the background, the hacker(s) would collect the login credentials from users, attempt to log into a user&#8217;s account, and then ask for a two-factor authentication (2FA) one-time code, if accounts were protected by a 2FA mechanism.<\/p>\n<div class=\"twitterContainer\" readability=\"6.0047619047619\">\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" readability=\"5.5428571428571\">\n<p lang=\"en\" dir=\"ltr\">Update 1: It seems someone has taken over the forum site with a phishing page.. if you visit the forum and are then redirected to the login page DO NOT log in!<\/p>\n<p>\u2014 Bitcoin Babe (@BitcoinBabeAU) <a href=\"https:\/\/twitter.com\/BitcoinBabeAU\/status\/1089112100675379200?ref_src=twsrc%5Etfw\">January 26, 2019<\/a><\/p><\/blockquote>\n<\/div>\n<p>LocalBictoins stopped the attack by <a href=\"https:\/\/twitter.com\/BitcoinBabeAU\/status\/1089143407358894080\" target=\"_blank\" rel=\"noopener noreferrer\">taking down its forum<\/a> and temporarily disabling transactions on its platform to prevent hackers from stealing money from any other accounts they had managed to compromise.<\/p>\n<p>The exchanged resumed trading activity today when it also published a <a href=\"https:\/\/www.reddit.com\/r\/localbitcoins\/comments\/ak1u8m\/localbitcoins_report_on_the_security\/\" target=\"_blank\" rel=\"noopener noreferrer\">post-mortem report<\/a> of its investigation into the hack.<\/p>\n<p>&#8220;We were able to identify the problem, which was related to a feature powered by a third party software,&#8221; the company said today on Reddit. &#8220;For security reasons, the forum feature has been disabled until further notice.&#8221;<\/p>\n<section class=\"sharethrough-top\" data-component=\"medusaContentRecommendation\" data-medusa-content-recommendation-options=\"{&quot;promo&quot;:&quot;promo_ZD_recommendation_sharethrough_top_in_article_desktop&quot;,&quot;spot&quot;:&quot;dfp-in-article&quot;}\">\n<\/section>\n<p>At the time of writing, it is unclear what forum widget had been compromised to deliver the malicious code that redirected users from the real forum to the phishing site.<\/p>\n<p>LocalBitcoins confirmed that user funds had been stolen in the incident. The exchange said it identified six accounts that had been impacted, at the time of its port-mortem.<\/p>\n<p>The hacker appears to have stolen 7.95205862 bitcoins ($28,200) from five of the victims, according to a <a href=\"https:\/\/www.blockchain.com\/btc\/address\/13WaahhsiGph4ysmQtjVhVTdgQUSL62KJr\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin address<\/a> that victims shared online and claimed it belonged to the hacker.<\/p>\n<p>Despite the hacker being able to intercept 2FA one-time codes, the exchange recommended that users enable the feature anyway, as it could still provide better protection against hacks than not using it at all.<\/p>\n<p>&#8220;Your LocalBitcoins accounts are currently safe to log in and use &#8211; we encourage you to enable Two-factor authentication, if you have not yet,&#8221; the exchange said.<\/p>\n<h3>More data breach coverage:<\/h3>\n<p>READ MORE <a href=\"https:\/\/www.zdnet.com\/article\/localbitcoins-blames-security-breach-on-forum-third-party-software\/#ftag=RSSbaffb68\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hackers appears to have stolen $28,200 from users&#8217; accounts after phishing login credentials and 2FA one-time codes.<br \/>\nREAD MORE HERE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":24731,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[62],"tags":[],"class_list":["post-24730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-zdnet-security"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LocalBitcoins blames security breach on forum &#039;third-party software&#039; 2026 | ThreatsHub Cybersecurity 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