Troubles Continue for BitPay in Wake Of Hack

BitPay, the Bitcoin payment processor, has endured a troublesome week. First, it was made public a hacker gained access to the CFO’s email account and coaxed the company into sending nearly $2 million. The company recently made major changes to its free plan, as well as apparently laid off numerous employees. The company filed a lawsuit September 15 in Atlanta federal court claiming that, in December 2014, BitPay’s chief financial officer, Bryan Krohn, was tricked by a hacker into sending $1.8 million to a hacker. “After capturing Mr. Krohn’s Bitpay credentials, the hacker used that information to hack into Mr. […]

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