ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Saturday Nov 25th 2017
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Event

Submit an event for consideration on ETHNews

Submit Event

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Events
Contact Us

2FA Confusion Amid Alleged Breach Of Bitmain Customer Data

By

Matthew

De Silva

WriterETHNews.com

On Monday, it was reported that some of Bitmain’s customer data was allegedly compromised. Users on the Bitmain forum have recently stated that the company’s implementation of two-factor authentication inadvertently locked them out of their accounts.

On August 21, 2017, several redditors on r/bitcoin and r/cryptocurrency reported that Bitmain, a high-end ASIC chip manufacturer and bitcoin mining operation, had been hacked. Customer data on an older server was apparently compromised, leading Bitmain to ask users to change their passwords. Redditor manummasson posted a screenshot of an e-mail that he claims he received from Bitmain.

English:

“Dear users

Because our other old system attacked by hackers, part of user data leaked. We recommend you reset your credential information immediately. Any other account use the same credentials should also be updated immediately.

We apologize for the inconvenience.”

ETHNews spoke with redditor andonevris who said, “I can confirm. I tried to log in to my account yesterday and was greeted with a message that the server had been breached and user data was stolen but was encrypted, also advised to change my password.”

Redditor DimensionsOfHell also confirmed manummasson’s report, adding that bitcoin and Litecoin were stolen from his Bitmain account over the last two weeks. DimensionsOfHell complained that the company had simply instructed him to reset his password while ignoring the inquiry about his stolen funds.

Although Bitmain has not confirmed the hack on any of its official channels, many users have posted in the company’s forum to complain about a recently implemented two-factor authentication (2FA) process. It’s possible that Bitmain hastily enacted 2FA to address the password theft.

Unfortunately, a significant number of customers did not previously have 2FA enabled. Now, for some reason, when these users try to log in, the Bitmain website requests a non-existent 2FA code.

Earlier today, user cibermax posted, “I have the same problem no authenticator set. Now the site wants a 2fa code from me that I can’t possibly supply.”

Bitmain is one of the most powerful companies in the bitcoin world, supplying Antminer products and running a massive mining operation. Any threat to the company’s customers or technology could pose a significant risk to the bitcoin network. It’s worth noting that Bitmain may also be exploring mining opportunities for bitcoin cash.

Matthew De Silva

Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the U.S. Securities and Exchange Commission as well as the OECD. He graduated cum laude from Georgetown University where he studied international economics. In his spare time, Matthew loves playing basketball and listening to podcasts. He currently lives in Los Angeles. Matthew is a full-time staff writer for ETHNews.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Bitmain, bitcoin or other Ethereum cryptocurrencies and tokens news.