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One Bitcoin is Worth 51 Million Hacked iMesh Accounts

Source: bitcoin

Bitcoinist_Data Breach Deep Web Bitcoin

People who have been using the Internet for quite some time now will recall the name iMesh, a once popular peer-to-peer file sharing platform. Although this platform has been defunct for some time, a hacker managed to obtain a database containing 51 million accounts. Obtaining this information can be done through The Real Deal deep web marketplace, for the price of one Bitcoin.

Also read: Cerber Bitcoin Ransomware Now Includes Malware Factory Automation

Data breaches are becoming a norm rather than the exception these days, and it appears as if the same hackers are responsible for most incidents. Peace, the alleged hacker of LinkedIn, is the person behind this iMesh account breach as well. In total, he managed to obtain 51 million accounts and a lot of sensitive information as well.

iMesh Database For One Bitcoin

Very few iMesh users were aware of how the platform logged their IP addresses and country location every time they connected to the service. Other stolen data includes email addresses, usernames, and passwords. At the time of writing, the company declined to confirm or deny these data breach allegations.

It is rather strange to see this event transpire right now, so close after other significant data breaches. That being said, the platform was losing a lot of popularity ever since it went into the legal side of the spectrum. A lot of people used this tool in the early days of the Internet for piracy purposes, including the distribution of adult material and cracked PC games.

Although iMesh tried to protect its users’ data by applying the MD5 hash function, the salted passwords were rather easy to break. It is not clear whether Peace cracked the passwords himself, or if a third party was involved in this process. We do know the database is up for sale on the deep web, though.

As one would come to expect from illegal goods and services being sold on the deep web, Bitcoin is the preferred method of payment. Interested parties can obtain the iMesh database for the price of one Bitcoin. It is expected there will be many interested parties as the combination of email address, passwords, and geolocation can be used for geo-targeted spam emails.

Do you remember the iMesh platform, and if so, were you a paying member? Let us know in the comments below!

Source: Threatpost

Images courtesy of Imesh, Shutterstock

The post One Bitcoin is Worth 51 Million Hacked iMesh Accounts appeared first on Bitcoinist.net.

One Bitcoin is Worth 51 Million Hacked iMesh Accounts

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OpenBazaar Nears Beta Release, Presenting at d10e Con

Source: bitcoin

OpenBazaar

Decentralized Bitcoin marketplace, OpenBazaar, is nearing open beta release and will be holding an exhibit at the d10e conference in Amsterdam, February 17-19. They’ll be presenting in the main conference and running a smaller event of their own on the 19th, showcasing their standalone app. This marks an enormous milestone in the project’s maturity.

Also Read: BitGo Instant — ‘Eliminates Bitcoin Transaction Delays’

OpenBazaar Tests New Developments as Beta Release Approaches

The Project that spawned OpenBazaar

Originally a darknet hackathon proof-of-concept, OpenBazaar has been in active development since the spring of 2014, and it’s come a long way since then. Upon inception, the marketplace was explicitly for darknet use, aimed at solving the issues with existing darknet markets with trustless transactions, escrow, and decentralization. As OpenBazaar evolved, though, the focus shifted to empowering small merchants using the same features. In its current state, OpenBazaar is a platform similar to Etsy or eBay.
The difference lies in its P2P implementation. Because the network is hosted collectively by the people using the app, there’s no central authority to skim off of the merchants, which is the primary utility of OpenBazaar as a service.

With the public release so close on the horizon, I was curious to see what was in store for early adopters. After teasing the test build into functionality on my desktop, I got on the test network and took a look around: