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Topic: BIPS Wallet security breach - page 3. (Read 11504 times)

newbie
Activity: 5
Merit: 0
November 28, 2013, 08:52:00 AM
#88
so we are talking scapegoat here?
somebody has to pay for the losses even though they were also the victim, true?

lets put it in more plain words;
We don't give a damn about you Kris! you could rob a bank, hack others, screw anybody you knew just get our money back!!!

I've only heard "I can't promise anything right now" from Kris, that doesn't exactly give me confidence I'd ever see my money again, nor is it sufficient information about what exactly happened.

I trusted BIPS with a sum that's very significant for me personally and damn right I'm going to hold them accountable if disappears, not let it slip.

The lack of communication and evidence makes this all seem really shady and it doesn't help there's a bunch of new accounts trying to shush the people who are upset with thousands of dollars vanishing in thin air.

Until I either receive proper evidence of what happened and information on how BIPS is going to handle it with authorities, I'm going to think Kris is a reasonable suspect and looking how to take both legal and social action on this.

"You shouldn't trust a web wallet" isn't a valid excuse to swipe this under the rug. It was entirely reasonable for people to think the service will keep their money safe and it failed to do so. In many countries of EU, including where I live, ticking a mandatory checkbox in TOS form can't remove the service provider's liability to keep user data safe, especially when it comes to money.
newbie
Activity: 7
Merit: 0
November 28, 2013, 07:03:46 AM
#87
doesn't it supposed to mean a good start?
cooperating with the authorities and start the investigation further
they can't trace the money without a lot of help from higher places

Well, for Kris himself it might be a good idea to prepare his case and defense if some of us decides to try him legaly in court for our losses. But for us who lost the bitcoins it's really no point, since the coins are already transfered irreversable to somebody untraceable in an unknown jurisdiction. Pretty low chances of finding the crooks. Makes a hell of a more reasonable case to try Kris legaly and hold him accountable. Both for making this never happen again, and to ruin the BIPS brand, if Kris just continues operations as nothing happened (which looks like he is doing from where i'm sitting)...

so we are talking scapegoat here?
somebody has to pay for the losses even though they were also the victim, true?

lets put it in more plain words;
We don't give a damn about you Kris! you could rob a bank, hack others, screw anybody you knew just get our money back!!!

newbie
Activity: 20
Merit: 0
November 27, 2013, 09:06:24 PM
#86
Well, this market is still very new, so you must treat the investment you make in BTC as something very risky.
I also owned BTC in my webwallet in BIPS. Sure, I lost it all, but high risk does not come with guarantees and I get that and will continue using the processor services of BIPS, as I find their system easy and cost efficient.

Why is it that i'm seeing too many newbie/junior accounts commenting similar stuff here?

Because BTC is gaining traction and attracting new members. But I suppose I too would question if I saw something similar. A lot of us newbies had to learn the hard way that online wallets like BIPs are vulnerable. I was nearly one of them, bailed out a week before.

If anything though you should be happy to see a surge in growth, it's what makes the value rise. Supply/Demand.
newbie
Activity: 42
Merit: 0
November 27, 2013, 08:14:07 PM
#85
Do they have something simiar to a small claims court in Denmark?   Do the members seeking legal action even know if under Denmark law if there is a foot to stand on?   
newbie
Activity: 11
Merit: 0
November 27, 2013, 07:26:15 PM
#84
doesn't it supposed to mean a good start?
cooperating with the authorities and start the investigation further
they can't trace the money without a lot of help from higher places

Well, for Kris himself it might be a good idea to prepare his case and defense if some of us decides to try him legaly in court for our losses. But for us who lost the bitcoins it's really no point, since the coins are already transfered irreversable to somebody untraceable in an unknown jurisdiction. Pretty low chances of finding the crooks. Makes a hell of a more reasonable case to try Kris legaly and hold him accountable. Both for making this never happen again, and to ruin the BIPS brand, if Kris just continues operations as nothing happened (which looks like he is doing from where i'm sitting)...
newbie
Activity: 25
Merit: 0
November 27, 2013, 06:07:33 PM
#83
Well, this market is still very new, so you must treat the investment you make in BTC as something very risky.
I also owned BTC in my webwallet in BIPS. Sure, I lost it all, but high risk does not come with guarantees and I get that and will continue using the processor services of BIPS, as I find their system easy and cost efficient.

Why is it that i'm seeing too many newbie/junior accounts commenting similar stuff here?

So, you are saying unless I have a number of posts I cannot post in the thread that is about the company which had my bitcoins and which was a victim of security breach?
Or you prefer to read posts with opinions that you would like to hear?
Obviously your view is very limited on where this problem stands and how big this is.
It is not only you here.
newbie
Activity: 25
Merit: 0
November 27, 2013, 06:00:30 PM
#82
Well, this market is still very new, so you must treat the investment you make in BTC as something very risky.
I also owned BTC in my webwallet in BIPS. Sure, I lost it all, but high risk does not come with guarantees and I get that and will continue using the processor services of BIPS, as I find their system easy and cost efficient.

As far as I'm aware coinbase can do many of these same things and has a full payment API built in, also a better track-record thus far as well.

Coinbase are US based. Why would I deal with US based company if i am located in Europe.
newbie
Activity: 2
Merit: 0
November 27, 2013, 04:31:49 PM
#81
BIPS sucks big time, I lost 3 bitcoins 2 months back
member
Activity: 91
Merit: 10
November 27, 2013, 04:03:35 PM
#80
Well, this market is still very new, so you must treat the investment you make in BTC as something very risky.
I also owned BTC in my webwallet in BIPS. Sure, I lost it all, but high risk does not come with guarantees and I get that and will continue using the processor services of BIPS, as I find their system easy and cost efficient.

Why is it that i'm seeing too many newbie/junior accounts commenting similar stuff here?

Isnt' that obvious? And pathetic if i may add   Cry
Also discouraging about how that problem is going to end  Roll Eyes

I was not aware that posting here was a prerequisite to having an opinion.

Kris at least try replying from the same shill account. Its laughable and at the same time insulting to your customers. Instead of doing this BS focus on refunding your users.
member
Activity: 91
Merit: 10
November 27, 2013, 03:35:22 PM
#79
Okay i'm convinced that it is Kris operating shill accounts to cool down the problem. I am also convinced that he stole our coins (and he is possibly even associated with another scam site - will disclose details soon). Now I think legal route is the only option. I waited enough and gave him a lot of time to refund my coins. Its despicable that he can't even reply to his customers publicly and resort to using shill accounts. Despite stealing his customers coins, he has the nerve to not even discuss the hack openly (absolutely zero information about the hack). He is just buying time and all this nonsense of spending 5 sleepless nights going through server logs is plain BS (its already 10 days now). And its BS that he isn't liable to the coins lost. Lets see what the courts have to say in this regard.

Kris: I have added the external address as you requested. I'm giving you 72 hours for you to return my 3.3BTC to that address. If you don't you'll need to face the consequences. I don't care if others are going to go the legal route... I'm determined to go at it alone and will take it to the logical end.
newbie
Activity: 9
Merit: 0
November 27, 2013, 01:24:54 PM
#78
I agree - it seems like a good holding strategy to keep our hopes alive and forestall more aggressive action.  

In the circumstances I do not understand this forgiving attitude from other people posting on this forum.  
I do not see any future for BIPS / Kris in the bitcoin community unless our balances are restored or at a minimum he comes totally clean and offers some recovery or a way to recover.  

These are our bitcoins. We trusted BIPS/Kris when they provided a consumer wallet.  BIPS were listed on bitcoin.org.  I do expect redress or at the very least a frank and open statement of the full position, something that has been notably absent.  

Just tell us the full unvarnished truth and set out a roadmap for recovery or recourse. Spare us all this smoke and mirrors stuff.  If the bitcoin are all gone and there is no hope of recovery Kris can at least have the courtesy be totally honest about this, provide full disclosure on what happened (including logs so we can all check where the coins went) and if he wants any future in the BTC community he can offer us shares in BIPS as partial compensation, fiat or some of his own bitcoins.  
newbie
Activity: 7
Merit: 0
November 27, 2013, 01:12:30 PM
#77
Looks like the coins are gone forever. Kris made a statemant in a local newspaper:
http://politiken.dk/oekonomi/virksomheder/ECE2143335/cyber-kriminelle-roever-dansk-firma/

He says the work now is primary to recover logs and data to hand over to the police... So its all gone. Why could they not just be open about it, so we're not keeping our hopes up.

doesn't it supposed to mean a good start?
cooperating with the authorities and start the investigation further
they can't trace the money without a lot of help from higher places
newbie
Activity: 11
Merit: 0
November 27, 2013, 10:38:32 AM
#76
Looks like the coins are gone forever. Kris made a statemant in a local newspaper:
http://politiken.dk/oekonomi/virksomheder/ECE2143335/cyber-kriminelle-roever-dansk-firma/

He says the work now is primary to recover logs and data to hand over to the police... So its all gone. Why could they not just be open about it, so we're not keeping our hopes up.

I also got a message from Kris 3 days ago about adding an external bitcoin address for transfer of my lost 13 coins, but no coins has been transfered. But it kept my hopes up and made me shut up for a while... Good strategy! But not very honest...
newbie
Activity: 4
Merit: 0
November 27, 2013, 09:31:07 AM
#75
Well, this market is still very new, so you must treat the investment you make in BTC as something very risky.
I also owned BTC in my webwallet in BIPS. Sure, I lost it all, but high risk does not come with guarantees and I get that and will continue using the processor services of BIPS, as I find their system easy and cost efficient.

Why is it that i'm seeing too many newbie/junior accounts commenting similar stuff here?

Isnt' that obvious? And pathetic if i may add   Cry
Also discouraging about how that problem is going to end  Roll Eyes

I was not aware that posting here was a prerequisite to having an opinion.  The BTC market is  wide - and does not revolve around posting in this forum. And - newbies are allowed to post only here.Wink

As a user of Bips - and one who lost coins-  I am entitled to an opinion. And to be able to post it - regardless of the views of allegedly more distinguished members.

The thread is about the security breach. 

What happened to Bips was bad. This does not make Bips people bad. This is the opinion of  some (myself included).  Bips have no responsibility to return what was stolen. Perhaps many would prefer they did, but the fact is we are dealing with a commodity that- if stolen- there is no redress. We all knew that.

As evidenced above some have been in touch with Bips and have realised that the truth has been told, as much as it can be. 

Waiting for my coins to be returned is not something I will spend my time on.  There is work to be done - that is more productive.
sr. member
Activity: 252
Merit: 250
November 27, 2013, 06:43:19 AM
#74
Well, this market is still very new, so you must treat the investment you make in BTC as something very risky.
I also owned BTC in my webwallet in BIPS. Sure, I lost it all, but high risk does not come with guarantees and I get that and will continue using the processor services of BIPS, as I find their system easy and cost efficient.

Why is it that i'm seeing too many newbie/junior accounts commenting similar stuff here?

Isnt' that obvious? And pathetic if i may add   Cry
Also discouraging about how that problem is going to end  Roll Eyes
member
Activity: 91
Merit: 10
November 27, 2013, 05:08:31 AM
#73
No i think people should stay calm and assess things clearly. However that's not easy to do when services fail you one after the other.

I think staying calm is a relative thing given the history of these sites being hacked or turning out to be scams.  Certainly the management at BIPS has done little to help assuage the fears of those affected.  In fact I would argue that their lack of communication has exacerbated them.

I have been in touch with Kris and while I cannot share any details, he has convinced me that he is taking this very seriously.  I retract my earlier implications that he stole the coins himself.  I'm convinced now that they were hacked, and that he is working hard to fix things and make them right.

That's all I got, but I thought I would let you guys know.  This is a shit situation for everyone  Embarrassed

I got the same info. Waiting for my coins Tongue
member
Activity: 91
Merit: 10
November 27, 2013, 05:06:07 AM
#72
Well, this market is still very new, so you must treat the investment you make in BTC as something very risky.
I also owned BTC in my webwallet in BIPS. Sure, I lost it all, but high risk does not come with guarantees and I get that and will continue using the processor services of BIPS, as I find their system easy and cost efficient.

Why is it that i'm seeing too many newbie/junior accounts commenting similar stuff here?
newbie
Activity: 20
Merit: 0
November 26, 2013, 07:56:28 PM
#71
Well, this market is still very new, so you must treat the investment you make in BTC as something very risky.
I also owned BTC in my webwallet in BIPS. Sure, I lost it all, but high risk does not come with guarantees and I get that and will continue using the processor services of BIPS, as I find their system easy and cost efficient.

As far as I'm aware coinbase can do many of these same things and has a full payment API built in, also a better track-record thus far as well.
newbie
Activity: 25
Merit: 0
November 26, 2013, 05:40:49 PM
#70
Well, this market is still very new, so you must treat the investment you make in BTC as something very risky.
I also owned BTC in my webwallet in BIPS. Sure, I lost it all, but high risk does not come with guarantees and I get that and will continue using the processor services of BIPS, as I find their system easy and cost efficient.
member
Activity: 231
Merit: 10
November 26, 2013, 11:04:12 AM
#69
No i think people should stay calm and assess things clearly. However that's not easy to do when services fail you one after the other.

I think staying calm is a relative thing given the history of these sites being hacked or turning out to be scams.  Certainly the management at BIPS has done little to help assuage the fears of those affected.  In fact I would argue that their lack of communication has exacerbated them.

I have been in touch with Kris and while I cannot share any details, he has convinced me that he is taking this very seriously.  I retract my earlier implications that he stole the coins himself.  I'm convinced now that they were hacked, and that he is working hard to fix things and make them right.

That's all I got, but I thought I would let you guys know.  This is a shit situation for everyone  Embarrassed
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