Bitcoin payments processor BitPay Inc. is the latest victim in a series of massive hacking scandals that have rocked the cryptocurrency community. The Atlanta-based Bitpay was hacked on three separate occasions in December of 2014. More than 5 000 bitcoins were stolen. Subsequent to this, BitPay sent a claim to its insurer Massachusetts Bay Insurance Company, and the latter declined to pay. The matter is now in court. A Suspect Email It began with an email that was sent to BitPay’s Chief Financial Officer (CFO) Bryan Krohn. Court documents give the identity of the email’s sender as David Bailey. David […]
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