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Topic: Alitin Mint Coin Breach - page 4. (Read 6088 times)

legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
March 09, 2017, 11:40:24 AM
#74
AlitinMint said:
Quote
"we will offer this refund until April 5, 2017.  After this date, and due to the price volatility of Bitcoin, we simply cannot be sure we will have the funds necessary to refund stolen BTC. "
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???
I believe they are contacting all the people on their customer list.  Some of them may have been sold.  They can try to track down the new owners as best they can by asking who the coin was sold to but some of those trails may lead to dead ends.

Personally I think that's plenty of time. They messed up but like we've seen a hundred times in crypto, they aren't obligated to pay anyone back, they are doing so for reputation and courtesy.

Lol, wait so if i steal hundreds of thousands of dollars worth of bitcoin, im under no obligation to give it back other than by courtesy.  So these guys now should be praised , wtf has this come to....

People who tucked these away for their kids will be quite shocked when everyone gets around to checking these.  Being out of business for 2 years i wouldnt be checking their website.  Should i check casascius website every month now just in case Huh
They have the contact information for all of their customers.
They are contacting their customers and refunding the BTC that were stolen.
How do I know this?  Because they refunded the BTC to me personally - as I have posted.
They are doing everything in their power to make this right.
They immediately admitted they screwed up and immediately set about making it right.
They should be praised for doing the right thing.
What is your problem?  Did you lose a lot of Bitcoin in this theft?
legendary
Activity: 3752
Merit: 1415
March 09, 2017, 11:34:43 AM
#73
AlitinMint said:
Quote
"we will offer this refund until April 5, 2017.  After this date, and due to the price volatility of Bitcoin, we simply cannot be sure we will have the funds necessary to refund stolen BTC. "
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???
I believe they are contacting all the people on their customer list.  Some of them may have been sold.  They can try to track down the new owners as best they can by asking who the coin was sold to but some of those trails may lead to dead ends.

Personally I think that's plenty of time. They messed up but like we've seen a hundred times in crypto, they aren't obligated to pay anyone back, they are doing so for reputation and courtesy.

Lol, wait so if i steal hundreds of thousands of dollars worth of bitcoin, im under no obligation to give it back other than by courtesy.  So these guys now should be praised , wtf has this come to....

People who tucked these away for their kids will be quite shocked when everyone gets around to checking these.  Being out of business for 2 years i wouldnt be checking their website.  Should i check casascius website every month now just in case Huh
legendary
Activity: 1470
Merit: 1004
March 09, 2017, 11:29:32 AM
#72
AlitinMint said:
Quote
"we will offer this refund until April 5, 2017.  After this date, and due to the price volatility of Bitcoin, we simply cannot be sure we will have the funds necessary to refund stolen BTC. "
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???
I believe they are contacting all the people on their customer list.  Some of them may have been sold.  They can try to track down the new owners as best they can by asking who the coin was sold to but some of those trails may lead to dead ends.

Personally I think that's plenty of time. They messed up but like we've seen a hundred times in crypto, they aren't obligated to pay anyone back, they are doing so for reputation and courtesy.
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
March 09, 2017, 11:27:02 AM
#71
AlitinMint said:
Quote
"we will offer this refund until April 5, 2017.  After this date, and due to the price volatility of Bitcoin, we simply cannot be sure we will have the funds necessary to refund stolen BTC. "
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!

I agree. If you're concerned about the volatility of Bitcoin, set a $$ rate for them that you can afford to pay. If people claim their Bitcoins after 4th, just pay them the $$ value in Bitcoin.
That is a pretty good idea.  Set aside a refund fund  Wink
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
March 09, 2017, 11:25:14 AM
#70
AlitinMint said:
Quote
"we will offer this refund until April 5, 2017.  After this date, and due to the price volatility of Bitcoin, we simply cannot be sure we will have the funds necessary to refund stolen BTC. "
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???
I believe they are contacting all the people on their customer list.  Some of them may have been sold.  They can try to track down the new owners as best they can by asking who the coin was sold to but some of those trails may lead to dead ends.
hero member
Activity: 1036
Merit: 501
March 09, 2017, 11:11:23 AM
#69
AlitinMint said:
Quote
"we will offer this refund until April 5, 2017.  After this date, and due to the price volatility of Bitcoin, we simply cannot be sure we will have the funds necessary to refund stolen BTC. "
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!

I agree. If you're concerned about the volatility of Bitcoin, set a $$ rate for them that you can afford to pay. If people claim their Bitcoins after 4th, just pay them the $$ value in Bitcoin.
sr. member
Activity: 296
Merit: 250
March 09, 2017, 11:06:25 AM
#68
AlitinMint said:
Quote
"we will offer this refund until April 5, 2017.  After this date, and due to the price volatility of Bitcoin, we simply cannot be sure we will have the funds necessary to refund stolen BTC. "
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???
legendary
Activity: 3752
Merit: 1415
March 09, 2017, 08:06:46 AM
#67
Good to see people are starting to get refunds, a little light on the physical coin scene it seems.
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
legendary
Activity: 1470
Merit: 1017
Star Wars Ep. 9 is here
March 08, 2017, 12:47:10 PM
#65
Received my refund today for 2BTC.  Strange though I didnt hear from them after repeated emails and PMs on my part.  But I'm fine now.

Tx 4b131c58139b7b2c8fa3213e06c7f675c96ac8ca49c2876713ce9ccbf0aef3f5
sr. member
Activity: 296
Merit: 250
March 08, 2017, 12:34:52 PM
#64
Richard,

Thank you for the update.  For everyone who has contacted them regarding their coins, I am confident you will get your refund.  I just received my refund of the stolen 2BTC from JR.  I know this doesn't answer who stole the coin funds, but I believe it wasn't JR or Richard.  And, I do believe the thief will be caught.


Can you post the txid please??
I'd rather not for privacy reasons.  Just know that I got a refund and others are as well.   
legendary
Activity: 1470
Merit: 1004
March 08, 2017, 11:23:27 AM
#63
Richard,

Thank you for the update.  For everyone who has contacted them regarding their coins, I am confident you will get your refund.  I just received my refund of the stolen 2BTC from JR.  I know this doesn't answer who stole the coin funds, but I believe it wasn't JR or Richard.  And, I do believe the thief will be caught.


Can you post the txid please??

I received refund on for my 2 compromised Adam coins
sr. member
Activity: 1526
Merit: 473
March 08, 2017, 09:40:54 AM
#62

Many collectors have theirs tucked away and probably do not access them on a regular basis....
Being that, I would gather that many collectors do not come to this forum and have no clue that their coins have been emptied.


I don't always check this board, but I happen to on just the right day when this thread started, but had to wait to access my coin to verify balance.  Before I could, the next day I received direct communication from Richard through the communication channel originally used during purchase in 2014.  They are privately contacting their customers.  I am currently awaiting refund. I will report back when it is received.   
legendary
Activity: 1722
Merit: 1000
March 08, 2017, 07:57:42 AM
#61
Well done for refunding users! Hope everyone can be made whole.
newbie
Activity: 15
Merit: 0
March 07, 2017, 08:48:12 PM
#60
We are going to be working with coin owners on a case basis.  Please contact me at [email protected] to begin the process. We will need to verify that you are the rightful owner, that the case is not compromised, and that we're not refunding a duplicate request.  We're borrowing the money to refund, so timeline on this somewhat depends on how fast we can acquire the funds, but we're going to try to do it fast.  Please refer to AlitinMint.com for more updates from now on, and please contact us if you think you might be the victim of a theft.  We are going to try to get everyone their BTC back.  
legendary
Activity: 1470
Merit: 1017
Star Wars Ep. 9 is here
March 07, 2017, 03:34:41 PM
#59
Richard... I sent a PM to you now.  I'm following up on our emails from a few days ago.

Thanks
Howard
legendary
Activity: 1120
Merit: 1002
March 07, 2017, 03:20:01 PM
#58
you are right: all is based on what OP said ...   that's all.   so , if he need to refund few guys more to have "few more guy who trust him" .... let's do this !   damn : if all precautions were taken, no problem were happend !    is private keys were properly destroyed or NOT ?

defcon23 (-12: -4 / +4 Warning: Trade with extreme caution!):  Did you own any of these coins at the time of the theft?  Do you have a claim against Alitin?

Burtw:  in what are you concerned exactly ?  leave me alone, stay to your place, please . i havent anything to talk on this with YOU.
Thanx !


ps: my personal ignore list will grow again .. lol  Grin

how could you make your basis on this shitty "trust ref"?

have you even read a bit by  "who" and for "what" I had been tagged ??  I'm surprised, coming from YOU, to go in this way  as you know what is unjustice ( at least, I was thinking  to.. )



the relation you had just did few line ago about this , is exactly same  if i was told :  " if you was arrested by police it was for good reasons .. ! nothing  never happend for nothing .. "  you got me now ?    but i didnt.  i was able to made my OWN judgement... and i would expected you would be able to do the same ..


so : if i open my mouth in this story ( Alitin ): it's beacuse i have my own concern/personal  reason  : they dont concern you in anyway.


why have you open your mouth in this case ? i dont understand : feel free to post this  poor trust ranking as much as you like ... just sad..
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
March 07, 2017, 03:18:35 PM
#57
you are right : all is based on what OP said ...   that's all.   so , if he need to refund few guys more to have "few more guy who trust him" .... let's do this !   damn : if all precautions were taken, no problem were happend !    is private keys were properly destroyed or NOT ?

defcon23 (-12: -4 / +4 Warning: Trade with extreme caution!):  Did you own any of these coins at the time of the theft?  Do you have a claim against Alitin?
legendary
Activity: 1120
Merit: 1002
March 07, 2017, 03:14:37 PM
#56
What I don't get is that you go from this:

And only one person ever sees the private keys before they are destroyed from our records--and that person is me.  I am the CEO and I engrave the coins myself.  I also do the ciphers and much of the packaging.  Tamper proofing cases like this is a challenge.  It's slow and tedious work.  But thorough.  We built in 6-8 weeks just in case we got big orders.  We would rather our customers be pleasantly surprised than disappointed.  


To this:

We (My brother and I) are the only ones who had authorized access. There were very few people who had access to our facilities, but we had robust security measures.  The theft is breathtaking to us because we still can't figure out how they did it under our noses and left no trace (until the theft).  

My current theory was that it was a theft while we were in the milling process of producing the actual coins themselves.  If it was not an insider who did this (and thus a close friend or relative), then it was someone who knew an insider and got the information from them.  We can't truly be sure who spoke of what and to whom within the very limited circle of insiders, and what those secondary individuals might have told others.

You claimed that you were the only person who had access to the private keys to saying that several people could've had access to them, and even possibly shared them with secondary individuals......



you are right : all is based on what OP said ...   that's all.   so , if he need to refund few more guys  to have "few more guy who trust him" .... let's do this !   damn : if all precautions were taken, no problem were happend !    is private keys were properly destroyed or NOT ?
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
March 07, 2017, 03:09:38 PM
#55
1) He is reimbursing the BTC.

2) He is trying to figure out how it happened.

3) He has or will report everything to the proper investigative authorities.

We are all very curious as to how this happened, I know I am, but let's give the guy a chance to catch his breath and figure this all out.  Remember 1) is the most important to the customers.  Everything else is interesting to Alitin as they try to recover the stolen funds and interesting to the Bitcoin community at large so that something like this might be prevented in the future.

But due to 1) let's give him some breathing room.
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