Wednesday, August 21, 2013

Bitcoin Wallet Service to Issue Refunds After Users' Funds Stolen

A widely used Bitcoin wallet service plans to issue refunds to people who saw their bitcoins stolen as a result of a weakness in its application, reports PC World.., which has a Web-based service called My Wallet, has also upgraded its application after finding a vulnerability similar to one discovered earlier this month in some Bitcoin wallet programs running on the Android mobile OS.

“Likely if you have been affected by this problem your coins will have been taken already,” a official wrote on the forum. “All affected users will be refunded in full.”

The number of affected users is small, said Roger Ver, who is an investor in, via email. expects to refund around 50 BTC or $5000, he said.


  1. Awesome! These entrepreneurs show goodwill to their customers when it wasn't even their fault. It was a flaw in Android that allowed these thefts to happen. Google should be paying these re-imbursements. Now here's my question: Was the Android flaw an NSA backdoor that was compromising all of the other apps in their store?

  2. So much better customer service than an unnamed pre-order ASIC production mining company out of Kansas. Well done!