Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE - page 11.

moni3z

hero member

Activity: 899

Merit: 1002

Quote from: marcus_of_augustus on April 08, 2013, 04:07:38 PM

Quote from: tvbcof on April 08, 2013, 03:15:24 PM

Quote from: seldon on April 08, 2013, 01:21:27 PM

Dunno, seems sensible to me. Systems were hacked, who knows if there isn't some nice backdoor still running on the servers just waiting for a chance to cash out from the hot wallet.

Alll of the important Linux systems I've built have been scripted. Thus, I can re-image a host which I have any concern about in a matter of minutes, and I often keep checksums of every file on a virgin system. On BSD systems I can and have re-build world on just an unexplained re-boot just in case. And none of my systems are even sensitive enough to hold passwords, much less financial data. I don't even consider myself a competent system administrator!

The skill level demonstrated by most Bitcoin related 'businesses' is simply appalling to me, particularly since there is a financial component. No wonder fucking near every one of them has been hacked.

Hey want to do a bitcoin start-up with me? .... You sound like just the guy I'm looking for.

Hire somebody from openbsd-dev or henning brauer for consulting, the guy who maintains pf. He runs http://www.bsws.de/ and offers managed servers. Run the cold wallet yourself. Or look into google app engine and trust google's infrastructure

coined

full member

Activity: 174

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still no response to my support ticket about my missing bitcoins, it's been 7 days.

nurbili

newbie

Activity: 15

Merit: 0

I was able to withdraw some BTC from my bitcoin-central account. But they still not credited my 1000,- EUR SEPA transfer from 2013-03-25 to my account...

1PFYcabWEwZFm2Ez5LGTx3ftz

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Quote from: Rockefoten on April 08, 2013, 04:03:46 PM

Maybe I missed this while skimming through the pages, but does anyone have any idea how this could/would affect the "first exchange licensed to operate with a bank... This is HUGE"-part? (which this thread was really about?)
Maybe this incident will give their partners second thoughts?
Or had this turned out to be "vapornews" anyhow?

The fact that they are partners with a bank, keeps me hope that this is just incompetence on their part, and that the funds will be unfrozen eventually.

However, if it turned out that they didn't keep 100% of coins, or that they lied about coins not being stolen, this could have an interesting effect, that any other future exchange cooperating with a bank, would be viewed with distrust by default.

tvbcof

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Activity: 4690

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Quote from: marcus_of_augustus on April 08, 2013, 04:07:38 PM

Quote from: tvbcof on April 08, 2013, 03:15:24 PM

Quote from: seldon on April 08, 2013, 01:21:27 PM

Dunno, seems sensible to me. Systems were hacked, who knows if there isn't some nice backdoor still running on the servers just waiting for a chance to cash out from the hot wallet.

Alll of the important Linux systems I've built have been scripted. Thus, I can re-image a host which I have any concern about in a matter of minutes, and I often keep checksums of every file on a virgin system. On BSD systems I can and have re-build world on just an unexplained re-boot just in case. And none of my systems are even sensitive enough to hold passwords, much less financial data. I don't even consider myself a competent system administrator!

The skill level demonstrated by most Bitcoin related 'businesses' is simply appalling to me, particularly since there is a financial component. No wonder fucking near every one of them has been hacked.

Hey want to do a bitcoin start-up with me? .... You sound like just the guy I'm looking for.

No. Alas, I already have a job which I've been trying to lose for years and it precludes me from legally and ethically working on anything else. Almost done though, but now the problem is that I'm so fucking rich from BTC that I don't really need to work. (If Bitcoin goes anywhere that is, and if it doesn't then working on a Bitcoin project would be a waste of time.) I'm burnt out on software and sys-admin stuff generally and will be for a year or two. If I muster any interest sooner, the thing which interests me most at the moment is crypto-currency, but not Bitcoin proper which I feel is on a dead end (as I define it.)

Thanks though!

marcus_of_augustus

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Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: tvbcof on April 08, 2013, 03:15:24 PM

Quote from: seldon on April 08, 2013, 01:21:27 PM

Dunno, seems sensible to me. Systems were hacked, who knows if there isn't some nice backdoor still running on the servers just waiting for a chance to cash out from the hot wallet.

Alll of the important Linux systems I've built have been scripted. Thus, I can re-image a host which I have any concern about in a matter of minutes, and I often keep checksums of every file on a virgin system. On BSD systems I can and have re-build world on just an unexplained re-boot just in case. And none of my systems are even sensitive enough to hold passwords, much less financial data. I don't even consider myself a competent system administrator!

The skill level demonstrated by most Bitcoin related 'businesses' is simply appalling to me, particularly since there is a financial component. No wonder fucking near every one of them has been hacked.

Hey want to do a bitcoin start-up with me? .... You sound like just the guy I'm looking for.

Rockefoten

full member

Activity: 134

Merit: 100

Maybe I missed this while skimming through the pages, but does anyone have any idea how this could/would affect the "first exchange licensed to operate with a bank... This is HUGE"-part? (which this thread was really about?)
Maybe this incident will give their partners second thoughts?
Or had this turned out to be "vapornews" anyhow?

tvbcof

legendary

Activity: 4690

Merit: 1276

Quote from: seldon on April 08, 2013, 01:21:27 PM

Dunno, seems sensible to me. Systems were hacked, who knows if there isn't some nice backdoor still running on the servers just waiting for a chance to cash out from the hot wallet.

Alll of the important Linux systems I've built have been scripted. Thus, I can re-image a host which I have any concern about in a matter of minutes, and I often keep checksums of every file on a virgin system. On BSD systems I can and have re-build world on just an unexplained re-boot just in case. And none of my systems are even sensitive enough to hold passwords, much less financial data. I don't even consider myself a competent system administrator!

The skill level demonstrated by most Bitcoin related 'businesses' is simply appalling to me, particularly since there is a financial component. No wonder fucking near every one of them has been hacked.

1PFYcabWEwZFm2Ez5LGTx3ftz

full member

Activity: 120

Merit: 100

Quote from: seldon on April 08, 2013, 01:21:27 PM

Dunno, seems sensible to me. Systems were hacked, who knows if there isn't some nice backdoor still running on the servers just waiting for a chance to cash out from the hot wallet.

They had 7 days to check, re-check and re-re-check for backdoors and anything else.

The fact that they impose such "capital controls", implies that either:
a) some coins actually got stolen, and they don't have enough coins to let everyone withdraw;
b) no coins got stolen, but they didn't actually keep 100% of the coins, and since after this hack they expected a "bank run", they had to impose controls, because they don't have enough coins to let everyone withdraw;

Even if this implication is not true, most users will come to the same conclusion, and this will hurt your reputation more than the hack did.

You can't mock Cyprus for closing banks for a week and after opening not letting people withdraw THEIR money, and then do EXACTLY THE SAME THING.

seldon

sr. member

Activity: 353

Merit: 250

Dunno, seems sensible to me. Systems were hacked, who knows if there isn't some nice backdoor still running on the servers just waiting for a chance to cash out from the hot wallet.

addi

hero member

Activity: 626

Merit: 500

https://satoshibet.com

This will do you guys way more harm then just taking the initial withdraw punch and climb back up. Accept the withdraws, eat it up, you still have plenty of trust among the users and there is still a huge need for your service.

1PFYcabWEwZFm2Ez5LGTx3ftz

full member

Activity: 120

Merit: 100

"BTC withdraws will be processed manually for the next couple of days until we switch back to immediate automatic withdraws.
This temporary restriction is meant to allow careful monitoring of our operations in the initial phase of the recovery."

This looks way too much like Cyprus situation. Oh, the irony.

Why oh why on Earth would you do this? Why open the website for trade, but not allow people to withdraw? Even if you are sincere about "is meant to allow careful monitoring of our operations", don't you see how messed up this looks to your users?

I didn't lose my trust when you were hacked, I didn't lose my trust when you were offline for a week, I didn't lose my trust when the deadline for re-opening the website was extended several times, but NOW I lost any trust I had in you. I am withdrawing everything I have (assuming that will be possible at all; my bitcoin withdrawal is "pending" for ~36 hours now), and never using your website again.

_{(sorry for double post, but I believe this is important for everyone to see)}

seldon

sr. member

Activity: 353

Merit: 250

They said, that all withdrawals will be manually checked.

I can't seem to make any trades btw, they show fees and changes in balance but upon page refresh everything is back :/

lucb1e

newbie

Activity: 47

Merit: 0

Has anyone else been able to withdraw coins from btcentral to local wallets (on your pc)? My withdrawal is still pending and doesn't show up in the block chain.

Arthur Randolph

newbie

Activity: 29

Merit: 0

Even market orders are not going through.
Hey, lagging is a MtGox thing only!

Edit: Went through at 149.89EUR, that's 194.72USD, whereas MtGox is at 184.38USD. Srsly...

lucb1e

newbie

Activity: 47

Merit: 0

10am passed, no sign of trading activity yet. Another deadline crossed.

Edit 10:14 CET:

Quote

Down for Maintenance
Bitcoin-Central.net is temporarily down for maintenance.

We're currently restarting the trading engine and should be back within in a few minutes

Edit 11:20 CET: still down. "A few minutes" is no deadline per se, but more than an hour later?

Edit 11:27: Up! The price is 149 euros, quite a bit higher than Mt.Gox. My buy orders didn't make it through for lower prices Sad

My Bitcoin withdrawal is also still pending.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: glub0x on April 07, 2013, 09:29:31 AM

things look alright to me.

looks good to me. I withdrew some BTC. But they're doing withdrawals manually, so it'll take some time, I guess.

lucb1e

newbie

Activity: 47

Merit: 0

Quote from: Joost on April 07, 2013, 01:21:54 PM

Quote from: addi on April 07, 2013, 12:38:06 PM

Glad to see it's back up! Still awaiting my first transfers to go through though, been 1 hour +

If you read the announcement, you'll see that the transfer market is still frozen until later tonight.

The market yes, but what about depositing or withdrawing euros or bitcoin?

I'm moving the majority of my coins out for obvious reasons, but 18 hours later they're still "pending". Withdrawn from my balance, but status pending and not showing up in the blockchain. I guess they'll get processed somewhere after 10am (in 30 minutes). If not..... well let's say I was planning a trip to france anyway for other reasons, so that's convenient Cheesy

I am curious to see what happens when they open since the current price is stuck at 79. I guess nobody will be stupid enough to sell way under the mt.gox price, but who knows. Also because the price rose since yesterday, and you could already place orders yesterday. I've placed some orders at lower prices, so perhaps I'll get lucky

Joost

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Quote from: addi on April 07, 2013, 12:38:06 PM

Glad to see it's back up! Still awaiting my first transfers to go through though, been 1 hour +

If you read the announcement, you'll see that the transfer market is still frozen until later tonight.

addi

hero member

Activity: 626

Merit: 500

https://satoshibet.com

Glad to see it's back up! Still awaiting my first transfers to go through though, been 1 hour +

Topic: Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE - page 11. (Read 191876 times)