Another Bitcoin Stolen Its Deposits | Bitcointalksearch.org

freebit13

hero member

Activity: 616

Merit: 500

I got Satoshi's avatar!

Quote from: leopard2 on March 04, 2014, 09:28:31 PM

Quote from: DeathAndTaxes on March 04, 2014, 12:30:12 PM

So if law enforcement isn't enforcing existing laws or investigating existing crimes why would you think that more regulation would change anything.

Summarized:
The cops are not enforcing the laws, so the solution is to pass more laws.

they are enforcing the laws, preferrably those on victimless crimes

speeding and parking tickets are their favorites

"victimless crime"... isn't that an oxmoron?

StarfishPrime

sr. member

Activity: 358

Merit: 250

Quote from: cerberre on March 04, 2014, 02:58:07 PM

Apparently it is the same guy who hacked Mt Gox. it leads to the same address :

1Ne5bGjDdgmbsGdNK9ocwrQiWf8K1FTuSa

Mixer of some type. Anyone know who controls this address?

leopard2

legendary

Activity: 1372

Merit: 1014

Quote from: DeathAndTaxes on March 04, 2014, 12:30:12 PM

So if law enforcement isn't enforcing existing laws or investigating existing crimes why would you think that more regulation would change anything.

Summarized:
The cops are not enforcing the laws, so the solution is to pass more laws.

they are enforcing the laws, preferrably those on victimless crimes

speeding and parking tickets are their favorites

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Another example of Darwin's theory at work. Natural selection is ensuring that stupid people live in squalor.

Coins4life

newbie

Activity: 28

Merit: 0

Nobody will ever learn. This is like trying to teach a cat to speak French.

mateo

member

Activity: 87

Merit: 10

Quote from: h3rlihy on March 04, 2014, 12:55:00 PM

WHY WHY WHY ARE PEOPLE STILL LEAVING THEIR COINS WITH THIRD PARTIES

1. Insane volatility of the market price.
2. People trust "professionally looking" third parties more than themselves (sometimes for a good reason). All it takes is a modern-looking website and people will think: "well they seem to know what they're doing, my coins are better off with them than on my laptop".

cozytrade

sr. member

Activity: 1097

Merit: 310

Seabet.io | Crypto-Casino

from their T&C :

Quote

Flexcoin Inc is not responsible for insuring any bitcoins stored in the Flexcoin system. You are entering into this agreement with Flexcoin Inc. You agree to not hold Flexcoin Inc, or Flexcoin Inc's stakeholders, or Flexcoin Inc's shareholders liable for any lost bitcoins.

mmmm

bassclef

hero member

Activity: 924

Merit: 1000

Quote from: Beliathon on March 04, 2014, 04:27:07 PM

Quote from: RodeoX on March 04, 2014, 12:24:11 PM

It's crazy how this works. We finally have money that is free of the corruption of banks. But the first thing many people do with their coins is put them in a "bank". I use quotes because they are not banks are they?

Would you let a random person from another country borrow your car? Then why are you leaving your BTC with them?

Quoted for the MFin TRUTH! THANK YOU!

You are a scholar and a gentleman/lady.

God DAMN people are fucking stupid.

It's not _your_ money unless YOU'RE the only one who controls the private keys!!!! It's like CASH! GET IT?

This cannot be repeated often enough:

DON'T TRUST YOUR BITCOINS WITH ANYONE BUT YOURSELF
IF YOU DONT OWN THE PRIVATE KEY YOU DO NOT OWN YOUR BITCOINS

freebit13

hero member

Activity: 616

Merit: 500

I got Satoshi's avatar!

Quote from: BittBurger on March 04, 2014, 12:26:41 PM

The reason we have to wonder if it "really was hacked" ?

Because nobody goes to prison if they get caught stealing.

I dont want Bitcoin regulated, but there needs to be strict laws in place harshly punishing ANYONE who starts a bitcoin service and is suspected of theft.

It blows me away that CEO of Flexcoin just releases a nonchalant note to the public, then goes on with his day.

He should be in cuffs right now, pending investigation, like everyone else.

At the very least, harsh punishment for failing to secure his customers funds. Its his problem. His fault.

You cant say "We offered cold storage for an extra fee. If you didn't select it, oh well!"

This is why it keeps happening. Nobody has been punished yet.

-B-

These laws already exist don't they? A Bitcoin service is a company, there are laws that regulate companies (see UCC). It's got nothing to do with Bitcoin, we don't need more laws.

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Quote from: RodeoX on March 04, 2014, 12:24:11 PM

It's crazy how this works. We finally have money that is free of the corruption of banks. But the first thing many people do with their coins is put them in a "bank". I use quotes because they are not banks are they?

Would you let a random person from another country borrow your car? Then why are you leaving your BTC with them?

Quoted for the MFin TRUTH! THANK YOU!

You are a scholar and a gentleman/lady.

God DAMN people are fucking stupid.

It's not _your_ money unless YOU'RE the only one who controls the private keys!!!! It's like CASH! GET IT?

cerberre

member

Activity: 76

Merit: 10

There are some tags linked to this address :

https://blockchain.info/related_tags?active=1Ne5bGjDdgmbsGdNK9ocwrQiWf8K1FTuSa

Especially this tag received coins from this address :

dmzpkts

NLNico

legendary

Activity: 1876

Merit: 1295

DiceSites.com owner

Quote from: crypto2k on March 04, 2014, 11:39:46 AM

are they (developer) going to build a better secured script to exchange bitcoin/litecoin to prevent hackings like what just happened recently?

I would like to encourage site owners who read this, to make a security bug bounty program. So there is a bigger chance a non-harmful hacker find any bug and helps you to make your website more secure. See also my topic for examples sites/programs https://bitcointalksearch.org/topic/overview-of-bug-bounty-programs-for-bitcoins-483195

cerberre

member

Activity: 76

Merit: 10

It is also the same guy who stole plenty of wallets from blockchain !!!

http://www.reddit.com/r/Bitcoin/comments/1z0ug6/blockchaininfo_wallet_emptied_as_far_as_i_can/

boomertoo

member

Activity: 392

Merit: 10

Quote from: AnonyMint on March 04, 2014, 01:57:12 PM

Quote from: crypto2k on March 04, 2014, 01:01:07 PM

Quote from: AnonyMint on March 04, 2014, 12:08:03 PM

Hacking to steal coins increasing as my model expects.

These threads are wordy and confusing.

My question is do you think it would be a good idea to have all buyers/sellers to verify their mailing address, phone #, or whatever to prevent from hacking or stealing LTC/BTC in the future?

I don't want that. I want the decentralized, unregulated wild west.

But most people will prefer perceived security over liberty.

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."-- Ben Franklin

Well said I concur

cerberre

member

Activity: 76

Merit: 10

the guy is currently spreading the coins from this address to multiple addresses as we speak

cerberre

member

Activity: 76

Merit: 10

Apparently it is the same guy who hacked Mt Gox. it leads to the same address :

1Ne5bGjDdgmbsGdNK9ocwrQiWf8K1FTuSa

DeeSome

sr. member

Activity: 378

Merit: 250

Quote from: h3rlihy on March 04, 2014, 12:55:00 PM

WHY WHY WHY ARE PEOPLE STILL LEAVING THEIR COINS WITH THIRD PARTIES

Because they are either stupid or greedy.

The stupid who haven't seen what has gone on with the likes of Gox I have a little sympathy for because they don't have the brains to see cons in action.

The greedy who hold coins on an exchange for speculation in the hope of making a few bucks on the ups and downs of bitcoin I have absolutely no sympathy for.

AnonyMint

hero member

Activity: 518

Merit: 521

Quote from: crypto2k on March 04, 2014, 01:01:07 PM

Quote from: AnonyMint on March 04, 2014, 12:08:03 PM

Hacking to steal coins increasing as my model expects.

These threads are wordy and confusing.

My question is do you think it would be a good idea to have all buyers/sellers to verify their mailing address, phone #, or whatever to prevent from hacking or stealing LTC/BTC in the future?

I don't want that. I want the decentralized, unregulated wild west.

But most people will prefer perceived security over liberty.

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."-- Ben Franklin

crypto2k

newbie

Activity: 36

Merit: 0

Quote from: AnonyMint on March 04, 2014, 12:08:03 PM

Hacking to steal coins increasing as my model expects.

These threads are wordy and confusing.

My question is do you think it would be a good idea to have all buyers/sellers to verify their mailing address, phone #, or whatever to prevent from hacking or stealing LTC/BTC in the future?

doctorsnaggles

sr. member

Activity: 258

Merit: 250

Quote from: BittBurger on March 04, 2014, 12:26:41 PM

The reason we have to wonder if it "really was hacked" ?

Because nobody goes to prison if they get caught stealing.

I dont want Bitcoin regulated, but there needs to be strict laws in place harshly punishing ANYONE who starts a bitcoin service and is suspected of theft.

It blows me away that CEO of Flexcoin just releases a nonchalant note to the public, then goes on with his day.

He should be in cuffs right now, pending investigation, like everyone else.

At the very least, harsh punishment for failing to secure his customers funds. Its his problem. His fault.

You cant say "We offered cold storage for an extra fee. If you didn't select it, oh well!"

This is why it keeps happening. Nobody has been punished yet.

-B-

Since it seems nobody ever got prosecuted for "hacking" or "stealing" Bitcoins, this could become a future business model for dodgy exchanges. Seems like law enforcement & governments arent too keen on tracking down the "hackers" since they oppose Bitcoin anyway ... making it easy for scammers.

Topic: Another Bitcoin Stolen Its Deposits (Read 2678 times)