Blink Discloses BTC Theft and Launches Bounty for Recovery

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BTC news today: Blink revealed that 24 user accounts were compromised on September 19, resulting in the theft of 6.61 BTC. The vulnerability, present since October 2023, enabled attackers to bypass withdrawal limits by exploiting customer service access. Data from 3,817 accounts was partially exposed, but no IDs, addresses, or passwords were leaked. All 24 affected accounts lacked two-factor authentication (2FA), and 18 withdrawal attempts were blocked. Blink has reimbursed affected users and is offering a 3.3 BTC bounty for assistance in recovery. This BTC update underscores ongoing security challenges in the cryptocurrency space.

Odaily Planet Daily reports, according to Bitcoin News monitoring, Blink has released a full post-mortem of the September 19 attack: the breach resulted in the theft of 6.61 BTC from 24 customer accounts. The company stated that the vulnerability existed since October 2023, allowing any user with a free Blink account to gain customer support-level privileges, take over customer accounts, and increase withdrawal limits. The attackers also obtained partial information from 3,817 accounts, including some phone numbers and email addresses; names, identification documents, addresses, passwords, and seed phrases were not compromised.

None of the 24 compromised accounts had two-factor authentication enabled. The attacker attempted 18 withdrawal requests from 9 accounts protected by two-factor authentication, all of which failed. Blink shareholders have fully reimbursed all affected customers.

Approximately 5 stolen BTC were subsequently transferred via a cross-chain exchange service. Blink is now offering a reward of up to 3.3 BTC for the recovery of funds, with half of the recovered amount allocated to those providing valid leads and the Bitcoin circular economy.

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