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Topic: [ANN] BTCJam - Peer to Peer Bitcoin Lending - page 61. (Read 204975 times)

sr. member
Activity: 352
Merit: 250
Founder, BTCJAM

The app is corrected, the new wallet is syncing.

We will run some more tests after the wallet syncs, then we will open the site for public access, this will probably occur later today.




full member
Activity: 196
Merit: 100
Yeah me too, not to mention all the people that loaned me BTC. I'm not trying to cause panic...

All the user funds are secure.

We identified the problem (and the solution), we will be back online as soon as we finish the correction and testing. This will take several hours (10+).

Yay! Awesome!
sr. member
Activity: 373
Merit: 506
Hopefully the unconfirmed deposit balance I had will no longer be stuck at 4 and 3 satoshi after all this.

heh
member
Activity: 84
Merit: 10
hmm looks like that address received a total of 1,017.56 BTC since 01-11-2013 - the same day that I was unable to withdraw my funds. I'm hoping for the best but it appears someone made off with all of the BTC

Can you confirm how much has been stolen Tolkas?

Most likely the owner of that address stole 1000+ coins, but not all from BTCjam.  They probably used the same security exploit to steal from a variety of sites.
donator
Activity: 294
Merit: 250
Yeah me too, not to mention all the people that loaned me BTC. I'm not trying to cause panic...

All the user funds are secure.

We identified the problem (and the solution), we will be back online as soon as we finish the correction and testing. This will take several hours (10+).

This is a relief! Thanks for the updates. I love your service and would hate to see it compromised.
member
Activity: 109
Merit: 10
BTCJam is built on top of Rails.

Most likely same attack vector as the incident with Vircurex.

The loss of money is the only thing urging Bitcoin service developers to maintain their code. Roll Eyes
newbie
Activity: 32
Merit: 0
Yeah me too, not to mention all the people that loaned me BTC. I'm not trying to cause panic...

All the user funds are secure.

We identified the problem (and the solution), we will be back online as soon as we finish the correction and testing. This will take several hours (10+).


Thank you for making sure that everything is okay and fixing the problem as quickly as possible!!
member
Activity: 78
Merit: 10
Yeah me too, not to mention all the people that loaned me BTC. I'm not trying to cause panic...

All the user funds are secure.

We identified the problem (and the solution), we will be back online as soon as we finish the correction and testing. This will take several hours (10+).

Just curious. How did you manage to secure the funds, if 1000 BTC's were sent to an unknown address?

Might be a dumb question, but I don't know anything about how the network works....
legendary
Activity: 1498
Merit: 1000
The chances of break even are 98.1%. You also can't spread the risk because each bet is equiprobable.

Please stop wasting my time, leave us alone.

Cheeky asswipe, are you.

THE BETS ON YOUR SITE ARE ALSO EQUIPROBABLE, ESL MAN

And yes you can spread the risk: you can spread the risk on S.DICE ensuring you make as arbitrarily close to 98.1% of your BTC back as you want. You can spread the risk on your scamsite ensuring you make as arbitrarily close to 77%* of your BTC back as you want.

*except that 77% is an unaudited self-reported figure sprouted by some idiot who has no clue, and the real number is likely closer to under 50%.

It is 100% for me, I have never been scammed so it is more responsibility for the users (which most are dumb as hell), no free money Wink

Don't you have to write an fictional article about starting a business...
sr. member
Activity: 352
Merit: 250
Founder, BTCJAM
Yeah me too, not to mention all the people that loaned me BTC. I'm not trying to cause panic...

All the user funds are secure.

We identified the problem (and the solution), we will be back online as soon as we finish the correction and testing. This will take several hours (10+).
full member
Activity: 196
Merit: 100
Ouch. This sucks. I only have a few btc invested, but I still hope this gets fixed.
sr. member
Activity: 457
Merit: 250
Yeah me too, not to mention all the people that loaned me BTC. I'm not trying to cause panic...
member
Activity: 78
Merit: 10
hmm looks like that address received a total of 1,017.56 BTC since 01-11-2013 - the same day that I was unable to withdraw my funds. I'm hoping for the best but it appears someone made off with all of the BTC

Can you confirm how much has been stolen Tolkas?

 Shocked

I've got a lot of BTC's sitting in that site......... Now I'm getting worried....
sr. member
Activity: 457
Merit: 250
hmm looks like that address received a total of 1,017.56 BTC since 01-11-2013 - the same day that I was unable to withdraw my funds. I'm hoping for the best but it appears someone made off with all of the BTC

Can you confirm how much has been stolen Tolkas?
newbie
Activity: 32
Merit: 0

Important announcement.

We have detected fraudulent transactions to address 1CP6dby8s3XNVFJPBQkXczDQFEqZ1jVnQS.

The website was taken offline for investigation.

Although some bitcoins were stolen from our "hot" wallet all deposits will be honored and the service will get back up as soon as we identify the problem.





Is there any estimation as to when the site might go back up?
member
Activity: 84
Merit: 10

Important announcement.

We have detected fraudulent transactions to address 1CP6dby8s3XNVFJPBQkXczDQFEqZ1jVnQS.

The website was taken offline for investigation.

Although some bitcoins were stolen from our "hot" wallet all deposits will be honored and the service will get back up as soon as we identify the problem.



Thanks for the update.  Hopefully you are able to solve the problem quickly.
hero member
Activity: 826
Merit: 1000
What exactly is a "hot" wallet?

The opposite of a "cold" wallet.

Well then what are "hot" and "cold' wallets, other than the fact they are the opposite from each other?

https://en.bitcoin.it/wiki/Cold_storage
member
Activity: 78
Merit: 10
What exactly is a "hot" wallet?

The opposite of a "cold" wallet.

Well then what are "hot" and "cold' wallets, other than the fact they are the opposite from each other?
hero member
Activity: 826
Merit: 1000
What exactly is a "hot" wallet?

The opposite of a "cold" wallet.
member
Activity: 78
Merit: 10
What exactly is a "hot" wallet?
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