Topic: Alitin Mint Coin Breach (Read 6109 times)

Just noticed about the breach today, 2 BTC inside seems gone.

https://blockchain.info/address/1Mh1Vvr5BtwA1s3GH3Dr7bfbao6sZdCmRJ

As i can see refund date already expired. What happens to victim that didnt aware about the breach?

AlitinMint said:Really?  You're at fault and you set a very short window to claim.  There are probably only 4-5 people who have claimed at this point.  That's ridiculous!

Have you notified ALL of the owners?  How many have you contacted???  Are you ever going to release a number of coins affected???

You are most likely the reason why these guys scammed their own coins. They figured that dozens of people wouldn't check in time.

Just noticed about the breach today, 2 BTC inside seems gone.

https://blockchain.info/address/1Mh1Vvr5BtwA1s3GH3Dr7bfbao6sZdCmRJ

As i can see refund date already expired. What happens to victim that didnt aware about the breach?

Just noticed about the breach today, 2 BTC inside seems gone.

https://blockchain.info/address/1Mh1Vvr5BtwA1s3GH3Dr7bfbao6sZdCmRJ

As i can see refund date already expired. What happens to victim that didnt aware about the breach?

I wonder how the FBI investigation is going.

What happens to victim that didnt aware about the breach?

Cut-off day for refunds.. lolz
Funny how this "quote" has been deleted from the original posts from Alitin
Hope everyone got refunded..... 

Look, here's Richard now......

- Engravers need to be programmed and you need to trust that programming is wiped.  If you hire someone to do it because good engraving equipment is expensive then you have to trust their setup and that they did not save the programming intentionally or unintentionally.  Only real way is to use an air-gaped system and properly wipe it after. 

- any imperfections on a metal surface can be seen using imaging equipment hologram or no hologram.
 
As opposed to an affordable printer that can be destroyed when done or one that doesn't save jobs to memory.

- Engravers need to be programmed and you need to trust that programming is wiped.  If you hire someone to do it because good engraving equipment is expensive then you have to trust their setup and that they did not save the programming intentionally or unintentionally.  Only real way is to use an air-gaped system and properly wipe it after. 

- any imperfections on a metal surface can be seen using imaging equipment hologram or no hologram.
 
As opposed to an affordable printer that can be destroyed when done or one that doesn't save jobs to memory.

As opposed to what, printed and placed under a hologram?

Never trust a private key that has been engraved.

Never trust a private key that has been engraved.

Northwest Territory Mint had nothing to do with the engraving of codes to the coins.  We told everyone we met at every bitcoin conference we attended as an exhibitor that Northwest did our coin minting.  The process of engraving codes and casing the coins was done after they were received by us.  They played no part in our security process whatsoever.  

I tought OP said he engraved the keys himself.

if they just sent this to engraving by a company, it's was a "not smart" choice.

and we have to know it. because the untouched coins are @ huge risks if it's the case.

if we can have an answer from OP regarding how they engraved the keys and who, we need it.

I'm not yet certain it was the founders, though I agree there is something suspicious going on.

I must imagine that insuring this kind of business would be prohibitively expensive if even possible (I truly do not know). So that makes Alitin's options: 1. Disappear 2. Repay immediately 3. Hope the perps are found and funds retrieved.  1. destroys their professional reputations in the cryptosphere and beyond.  2. If BTC price continues to rise, this is the smartest, cheapest option.  3. Funds retrieved is just so very highly unlikely and may leave them personally on the hook for the sum anyways.  They may be scamming us all or they may be taking the best option they have at the moment, though some more transparency would certainly help.

I'm still fairly certain that BTCINVESTOR is involved in all this somehow if not a Forsyth himself. His account post history, and statements made are eerily similar to private comms I've had with people at Alitin.  

At the very least, Alitin did not do their due diligence in having coins produced.  On the edge of a coin you can read "2013 Medallic Art Company".  This company was purchased years earlier by Northwest Territorial Mint. By the time Alitin had made the request to have these coins pressed there was already a slew of fraud and felony allegations and later convictions against Northwest Territorial Mint, some of which involved security issues.  For a physical BTC that was to be "the new standard" wouldn't you at least vet the process/company used to mint your coins? This took all of 5 minutes and some googling.   I'm not certain it was a Forsyth directly, but they have certainly directly profited from this whole thing. Fairly disgusting.