BTC-e hacked, losing around 4,500 BTC

Summary # In July 2012, BTC-e, a cryptocurrency exchange, experienced a security breach that resulted in the loss of around 4,500 BTC. The hack was enabled by a combination of weak security practices and system vulnerabilities, which allowed the attackers to obtain Liberty Reserve API keys and exploit the deposit algorithm. BTC-e claimed to have compensated affected customers and improved security measures following the attack, resuming normal operations within a few days. ...