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Topic: BIPS, Payment Service Provider (PSP) for Merchants (Read 75403 times)

newbie
Activity: 2
Merit: 0
Long time ago but I still remember.

Can see from Scamalerts posts there are two BTC addresses:

https://blockchain.info/address/1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs
https://blockchain.info/address/1HpwmCt8LE6uA6gMDowMiYAFjqAa5BNrzg

Would someone be so kind as to explain a few things to me:

- Do you think these are being monitored by any legal types?
- If so, is this BTC now tainted and cant be used. If so, whats the point of stealing it?
- Is there anything we can do to keep an eye on our stolen BTC?

Thanks
hero member
Activity: 490
Merit: 500
Captain
But looks like he left the company in silence, he is not to be found any where in the industry, so either he got a job at burger king or he retired early.

Any ideas on when he left the company? Without saying anything further, I am curious if there is any correlation with the timing of the first transaction on May 13, 2015.


Damn sad story, so many broken dreams...

Yes there are all the way around. I cannot describe the impact this experience has had on my well being. I do not like that ~1300 BTC were taken from a product which I promoted and had lent my credibility to. After meeting Kris in person the first time I had a grand mal seizure and have since been diagnosed with epilepsy. I believe the stress from this whole experience has contributed to my seizure disorder and truly wish everyone could get their funds back. It is also why I have remained silent for so long.

Last time I checked coinifys staff list was in the summer 2015, kris was there, he is gone now, without a trace.
hero member
Activity: 560
Merit: 500
But looks like he left the company in silence, he is not to be found any where in the industry, so either he got a job at burger king or he retired early.

Any ideas on when he left the company? Without saying anything further, I am curious if there is any correlation with the timing of the first transaction on May 13, 2015.


Damn sad story, so many broken dreams...

Yes there are all the way around. I cannot describe the impact this experience has had on my well being. I do not like that ~1300 BTC were taken from a product which I promoted and had lent my credibility to. After meeting Kris in person the first time I had a grand mal seizure and have since been diagnosed with epilepsy. I believe the stress from this whole experience has contributed to my seizure disorder and truly wish everyone could get their funds back. It is also why I have remained silent for so long.
hero member
Activity: 560
Merit: 500
The funds are already being spend, but slowly, so far is 30 BTC been cashed out:
https://blockchain.info/address/1HpwmCt8LE6uA6gMDowMiYAFjqAa5BNrzg

You cannot just sell 1300 BTC on bitstamp, it would cause you problems, he is selling them slowly over time.

Except if you follow the coins to http://blockr.io/address/info/1EWTiEJ9E3vdc3vDh86WQExTRhduDKdmmd you will see that 29 BTC has not moved since that day. I believe the hacker saw the community respond to the moved coins and/or was waiting to see if they could be safely moved. Someone really needs to do a full technical analysis of where these coins have gone and set up alerts if they do move again. I believe the hacker still has access to the funds but is trying to find a way they can get away with it.

BIPS was reorganized into a new company called coinify, Kris was in charge of "technology and security", lol. But looks like he left the company in silence, he is not to be found any where in the industry...

I was not aware of this but will have to look more into the legal details of what happened. If this is the case then Coinify should attempt to do something for the customers of BIPS who lost money.
hero member
Activity: 490
Merit: 500
Captain
An open letter to Kris Henriksen:

As someone who used to be associated with BIPS and whose reputation has taken a hit as a result of the website's hack, I ask for transparency on behalf of the public and myself. You have provided the public no concrete details about what was exploited nor how access was gained. ~1300 BTC of user funds were taken and not repaid to this day: A tragedy which is hard to stomach given the once sterling reputation of the business. When I left BIPS in the summer of 2013 there were no known security issues and a sizable profit sitting in the wallet. Having handled customer support, I did not see a single security flaw reported up until my departure.

Until you provide technical proof of the hack beyond the address which Bitcoins were sent to I have very serious concerns about what happened. Anyone could have discovered this address using the block chain and I refuse to believe you have no more details than that. Providing the full technical details of this hack to the public may help in apprehending the suspect and give hope to those who have lost coins. As far as I can tell BIPS is long gone and not coming back - there is nothing to lose by releasing information about the hack.

The stolen coins were on the move last summer until the public took note; so whoever took them still has access and in theory could return them. If the hacker has a heart, they will give the Bitcoins back to someone who can give them back to the users. I want nothing to do with the process but I propose BitPay, BitStamp or some other reputable member of the community provide an address which funds can be sent to. My relationship with BIPS officially ended July 2013 and I want nothing to do with it after how things ended.

To the hacker: You will never be able to spend those coins, so why don't you just return them? Any attempts to spend them will result in your identity being revealed and you being caught.

Kris: You owe it to the public to provide every technical detail to the public including the server logs. The missing ~1300 BTC is almost $1 million Canadian today and silence on the issue is unacceptable. The public needs to know I am not okay with this and you should not be either.


Sincerely,
Adam Harding

I have been amazed for a long time how someone could get away with stealing 1300 BTC so easy and people just forget about just as fast.

BIPS was reorganized into a new company called coinify, Kris was in charge of "technology and security", lol. But looks like he left the company in silence, he is not to be found any where in the industry, so either he got a job at burger king or he retired early.

Last year did coinify got a huge government grand last year to develop "bitcoin technology", it was a lot of money could have covered a huge chunk of the loses. But why should they, it was BIPS he lost the coins not them, this is "new" company.

The funds are already being spend, but slowly, so far is 30 BTC been cashed out:
https://blockchain.info/address/1HpwmCt8LE6uA6gMDowMiYAFjqAa5BNrzg

You cannot just sell 1300 BTC on bitstamp, it would cause you problems, he is selling them slowly over time.

The account "Kris" was stolen hacked during the bitcointalk database hack, don't expect to see this thieve around here again, don't even think he is watching this thread anymore.

Damn sad story, so many broken dreams...
hero member
Activity: 560
Merit: 500
An open letter to Kris Henriksen:

As someone who used to be associated with BIPS and whose reputation has taken a hit as a result of the website's hack, I ask for transparency on behalf of the public and myself. You have provided the public no concrete details about what was exploited nor how access was gained. ~1300 BTC of user funds were taken and not repaid to this day: A tragedy which is hard to stomach given the once sterling reputation of the business. When I left BIPS in the summer of 2013 there were no known security issues and a sizable profit sitting in the wallet. Having handled customer support, I did not see a single security flaw reported up until my departure.

Until you provide technical proof of the hack beyond the address which Bitcoins were sent to I have very serious concerns about what happened. Anyone could have discovered this address using the block chain and I refuse to believe you have no more details than that. Providing the full technical details of this hack to the public may help in apprehending the suspect and give hope to those who have lost coins. As far as I can tell BIPS is long gone and not coming back - there is nothing to lose by releasing information about the hack.

The stolen coins were on the move last summer until the public took note; so whoever took them still has access and in theory could return them. If the hacker has a heart, they will give the Bitcoins back to someone who can give them back to the users. I want nothing to do with the process but I propose BitPay, BitStamp or some other reputable member of the community provide an address which funds can be sent to. My relationship with BIPS officially ended July 2013 and I want nothing to do with it after how things ended.

To the hacker: You will never be able to spend those coins, so why don't you just return them? Any attempts to spend them will result in your identity being revealed and you being caught.

Kris: You owe it to the public to provide every technical detail to the public including the server logs. The missing ~1300 BTC is almost $1 million Canadian today and silence on the issue is unacceptable. The public needs to know I am not okay with this and you should not be either.


Sincerely,
Adam Harding
hero member
Activity: 715
Merit: 500
Bitcoin Venezuela
I have not forgotten
hero member
Activity: 490
Merit: 500
Captain
Bitcoins will never worth the investment thanks to people like BIPS. They simple waited until we forgot. THis kind of situations defeates the "good intention" and the "faierness" of the Bitcoinds. BIPS a$$%@les. And now our personal information leaked from this forum. The web is not the best place to handle your finance and your personal info lately.

Interesting that not more people have reacted to this necro bumb.
It seams like in this business, then is 1.5 years enough time to hide away the cash and dig them back up and start spendin.... and all is forgotten. wow.
newbie
Activity: 7
Merit: 0
Bitcoins will never worth the investment thanks to people like BIPS. They simple waited until we forgot. THis kind of situations defeates the "good intention" and the "faierness" of the Bitcoinds. BIPS a$$%@les. And now our personal information leaked from this forum. The web is not the best place to handle your finance and your personal info lately.
hero member
Activity: 490
Merit: 500
Captain
Sorry for necro bumbing this thread, but I feel it is necessary.

The stolen bitcoins are on the move after sitting idle at 1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs for 1.5 years:

https://blockchain.info/address/1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs

Looks like they are being mixed.
I think all the victims need to know that their stolen coins are being moved.
newbie
Activity: 2
Merit: 0
WHAT HELL ! Angry Angry

I got a lot of invoices opened without confirmations on BIPS.ME

http://imgur.com/Og5nzgb

3 TICKETS OPENED ON THEIR HELPDESK SINCE 24 HOURS AGO!!!

OKF-220-79798
EOI-273-90817
OYM-951-64613

HURRY MAN!

SOMEONE WITH THIS SAME TROUBLE?
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
Although I won't go as far as bitpop I would certainly say "don't use them" as their fees (charged to the *buyer*) are simply ridiculous.
legendary
Activity: 2912
Merit: 1060
BIPS IS A RIP OFF. THEY CHARGE MORE FEES THAN MY NORMAL BANK ACCOUNT WOULD

PRODUCT COST $5k

THROUGH BIPS IT COSTS roughly $5200

200 fee WTF??

My bank transfer charged me $20 they are an embarrassment to BTC

You missed my earlier warnings, bips is a fraud, they also used to run a wallet and stole all the bitcoins

Bitpay is the only one to use
sr. member
Activity: 420
Merit: 250
BIPS IS A RIP OFF. THEY CHARGE MORE FEES THAN MY NORMAL BANK ACCOUNT WOULD

PRODUCT COST $5k

THROUGH BIPS IT COSTS roughly $5200

200 fee WTF??

My bank transfer charged me $20 they are an embarrassment to BTC
legendary
Activity: 2912
Merit: 1060
http://www.coindesk.com/fidor-bank-bips-partner-merchant-payments/


perhaps he will be in a position to compensate those who lost coins soon..

Nah just more people to steal from
newbie
Activity: 51
Merit: 0
http://www.coindesk.com/fidor-bank-bips-partner-merchant-payments/


perhaps he will be in a position to compensate those who lost coins soon..
legendary
Activity: 2912
Merit: 1060
Impersonate a cop and tell them to, freez mudda fukkas
newbie
Activity: 33
Merit: 0
well, after weeks they decided to answer me, but just a pretty lame email where they copied AGAIN the same "wallet status" they have in their press area from dec 4th, 1 month ago. I mean, you may guess how I felt when I saw that pasted once more in the mail they sent me with no other detail, more than a very brief excuse that they have had a lot of work with the support given the increase in the use of BTC.

this people is pissing me off. Is no longer about the money, is how I feel they are making fun of us.

I've just sent an email to a lawyers firm in Copenhagen:  Brandt & Lauritzen --  asking them for their option on our legal options.

I have no idea whether we do have any legal options, I thought I'd ask the professionals!  I lost enough BTC to warrant some expenditure chasing compensation.   PM me if you want more details.

newbie
Activity: 7
Merit: 0
well, after weeks they decided to answer me, but just a pretty lame email where they copied AGAIN the same "wallet status" they have in their press area from dec 4th, 1 month ago. I mean, you may guess how I felt when I saw that pasted once more in the mail they sent me with no other detail, more than a very brief excuse that they have had a lot of work with the support given the increase in the use of BTC.

this people is pissing me off. Is no longer about the money, is how I feel they are making fun of us.
legendary
Activity: 2912
Merit: 1060
Sorry but the guys are long gone on vacation
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