Coinbase Restores KeyVendor Bot’s Bitcoin Following a Glitch

The Steam CS:GO community is a happy lot after the funds that were thought to be stolen from a Steam Bitcoin trader bot, was recovered. KeyVendor, a Steam bot allows people to buy Steam CounterStrike: Global Offensive keys for Bitcoin. The owner of KeyVendor announced last week that over $15,000 in funds were stolen from the bot’s associated Coinbase account.

Following the announcement, the Steam community expected the worst. In spite of Jambo, KeyVendor owner’s assurance to reimburse the affected, the community members believed that their funds are lost for good. However, the issue was resolved and to their surprise, Jambo added an extra 10 percent to the reimbursement amount.

According to reports, the KeyVendor account was not hacked but it was an issue with the Coinbase account which led to a temporary loss of funds. The Bitcoin wallet service provider has since then resolved the issue, restoring Jambo’s access to KeyVendor’s funds.  It is the first time KeyVendor faced this kind of issue as the bot is otherwise known to process transactions within seconds.

There are many instances where scammers follow similar modus operandi. They claim that their Bitcoin account was hacked, leading to

Read more ... source: TheBitcoinNews