Chinese Bitcoin Exchange BTER Claims Theft of $1.75 Million in BTC

NEW YORK (InsideBitcoins) – Chinese bitcoin exchange BTER is reporting the theft of 7,170 BTC, worth about $1.75 million. The company is looking to ‘chase down’ those responsible and is offering a 720 BTC bounty while suspending all services. The BTER.com home page displays only this message.
’7170 BTC got stolen from our cold wallet in this transaction:
720 BTC bounty for chasing it back.
All wallets have been shut down and withdrawals of the unaffected coins will be arranged later.

This post was published at Inside Bitcoins on Feb 16, 2015.