Topic: Another exchange goes bust. Bitcurrex loses ~2300 BTC - page 4. (Read 3072 times)
This hacking thing, if it indeed took place, seems to be pretty common nowadays. I have not heard of bitcurrex before and the fact that they are not that large a company may have been the reason that they got hacked easily. The bigger ones are surely taking security to another level, what with the recent events. While these smaller exchanges could be prone to hacking because they don't have the same funds at their disposal.
This is not new, That is the main reason that before going for any new exchange we have to check everything, but even after they becoming old exchange any time they can scam it, by saying that they got hack, or stolen.
Never heard of them, chances are they saw it was going to be more profitable to make money by running away with $1.5m rather than wait for clients to slowly give them their money through fees and other means. It's a shame, but chances are it would have been better to simply exchange on a bigger one.
As for the refund, I hope it happens. Especially since, according to their history, they've previously suffered from a 'hack' on their hot-wallets before so maybe now they have enough funds on cold-wallets to cover the 'refunds'? Hopefull but doubtful.
Well, Bitfinex suffered loss of 119,756 BTC far more than Bitcurex and they are still operational. 2300 BTC is only about $1.5 million.But from the other hand, I don't know what was their total volume prior to this hack, but considered that they are local exchange it might be everything they had.
Oh well. It doesnt even come as a surprise anymore and yes it does makes one wonder, what is stopping this exchanges from stealing the customers coins then citing 'hack' blah blah blah. And from what I can see on the article, they're even blaming this on the "errors" of some third-party system they're using?
As for the refund, I hope it happens. Especially since, according to their history, they've previously suffered from a 'hack' on their hot-wallets before so maybe now they have enough funds on cold-wallets to cover the 'refunds'? Hopefull but doubtful.
As for the refund, I hope it happens. Especially since, according to their history, they've previously suffered from a 'hack' on their hot-wallets before so maybe now they have enough funds on cold-wallets to cover the 'refunds'? Hopefull but doubtful.
Wow....Not another one.
It reminds of that cartoon "Rocky and Bullwinkle." ( https://www.youtube.com/watch?v=kRW7pITY5Cg )
Bullwinkle: "Hey, Rocky. Watch me pull a rabbit out of my hat."
Rocky: "Oh, no! NOT AGAIN?"
Bullwinkle: "See! Nothing up my sleeve."
Bullwinkle: "Hmm. I think I used the wrong hat."
Rocky: "And now, back to our show."
It reminds of that cartoon "Rocky and Bullwinkle." ( https://www.youtube.com/watch?v=kRW7pITY5Cg )
Bullwinkle: "Hey, Rocky. Watch me pull a rabbit out of my hat."
Rocky: "Oh, no! NOT AGAIN?"
Bullwinkle: "See! Nothing up my sleeve."
(Instead of a rabbit Bullwinkle pulls some random beast out of the hat)
Bullwinkle: "Hmm. I think I used the wrong hat."
Rocky: "And now, back to our show."
I feel it's a bit irresponsible not to alert users from the begin. thats why I don't like to have my funds in one of those Exchanges. In most of the cases I made fast trades, in amounts that I will need for the week.
It is not the first and not the last time when exchange is not telling its users about problems they are having. It is common policy not to worry people.Instead they always play dumb and 'everything is OK" - until the worst case scenario become reality and they can't no longer keep it under control.
With Mt.Gox was the same.
No this one is real. Every other exchange that got hacked starting with MtGox was faked but this one is real. ROFLMAO
Why does anyone ever use or trust a Bitcoin exchange now? If this doesn't stop people are going to believe bitcoiners are nothing more than developmentally disabled idiots playing with money.
Why does anyone ever use or trust a Bitcoin exchange now? If this doesn't stop people are going to believe bitcoiners are nothing more than developmentally disabled idiots playing with money.
Highly doubtful they actually got hacked. I'd be willing to bet they took the 2300 btc and ran, just like every other exchange has done in the past. Who's gonna hold them accountable? No-one. Another millionaire borne, from the rest of us losing out.
Never keep your funds on exchanges.
Never keep your funds on exchanges.
http://www.razor-forex.com/2016/10/polish-exchange-bitcurex-looses-2300.html
The hack (?) took place on 13 October, they blame 3rd party interference in their data systems, in their statement they don't use term 'hack' or 'theft' but 'damage to the IT systems'.
Site is down with vague statement and some service opt out/refund request form https://bitcurex.com/ (in Polish)
Their official btctalk thread: https://bitcointalksearch.org/topic/bitcurexcom-new-official-thread-792350
I feel it's a bit irresponsible not to alert users from the begin. thats why I don't like to have my funds in one of those Exchanges. In most of the cases I made fast trades, in amounts that I will need for the week.
http://www.razor-forex.com/2016/10/polish-exchange-bitcurex-looses-2300.html
The hack (?) took place on 13 October, they blame 3rd party interference in their data systems, in their statement they don't use term 'hack' or 'theft' but 'damage to the IT systems'.
Site is down with vague statement and some service opt out/refund request form https://bitcurex.com/ (in Polish)
Their official btctalk thread: https://bitcointalksearch.org/topic/bitcurexcom-new-official-thread-792350
I have never heard of them. How will the refund anyone ? They can't. This seems to be a thing going around where exchanges suddenly lose a whole lot of volume. Makes you wonder if it's on purpose or not.
Anyway an interesting read none the less.
http://www.razor-forex.com/2016/10/polish-exchange-bitcurex-looses-2300.html
The hack (?) took place on 13 October, they blame 3rd party interference in their data systems, in their statement they don't use term 'hack' or 'theft' but 'damage to the IT systems'.
Site is down with vague statement and some service opt out/refund request form https://bitcurex.com/ (in Polish)
Their official btctalk thread: https://bitcointalksearch.org/topic/bitcurexcom-new-official-thread-792350
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