Topic: Bitcoinica MtGox account compromised - page 31. (Read 156012 times)

better do it before they fake their own deaths and buy an island.

Someone ought to figure out where these guys have stashed the funds and liberate those funds.

I'm sorry, but the timing, and convenience make it highly unlikely that members of the "bitcoinica team" are not guilty of theft.

If they have not actually perpetrated this crime, they should be tarred, feathered, and run out on a rail for their gross negligence and incompetence.

They should probably consider themselves lucky no one has spent some of their own coin on "collections services"

Seriously, this has been the last straw. I am now considering paying these guys a visit to collect my money, and I don't give a fuck if it's an inside job or not.

What about this? I'd like to follow these coins.


Also, what about this "now that Patrick has walked away" thing? It would be nice to know who's there now.

higher price is more incentive for _any_ thief.

why in the name of fuck are you guys keeping such huge amounts of money in a _new and mostly untested website_ ?

I'm going to go out on a limb and say this has been the working of cabal group this whole time to scam everyone out of their bitcoins. Just to many things don't add up - a hack there, I used to work on it there, he owns this I don't own that ... anyone else getting the same feeling?

That might be dangerous. You call the police and they treat you as a suspect right away. Nahhh better pass on it. 

This should have been a non-issue because the funds should have been dispersed already, and if they weren't they should have been in a cold wallet, not on MTGOX.  Also the wire transfer has to be a big clue as to what is going on here?  Or at the very least, completely reversible.

This is just negligence all around...  there is no hiding it anymore.  There is no excuses anyone can make.

No, we're being HN'ed lol Check out the top of the front page
http://news.ycombinator.com/news

It doesn't matter if it is orchestrated or if the party involved were EXTREMELY incompetent, it is still...and have become criminal.

Yeah. The hackers will get it. Alas, the hackers are likely the people who set the password to the API key so that a "hack" could be later perpetrated.

Is there really any more money to give to pirate? Oh - but never mind. They'll make sure to use a password  that's easily compromised, and the payout address will get changed, and the money will be sent to the same blackhole that the rest of our money went to (probably Patrick's offshore account - funny he walked away, isn't it?)

Yeah - I trust pirate WAY more than these clowns. At this point, it certainly looks like MtGox has at least one complicitous employee that provided support for this theft. really - regular customers can hardly withdraw $1000USD and a thief bails with $40grand? Fuck you. Either MtGox is lying about all the slow withdrawals the past several weeks (and is not solvent as some suggest) or they're likely to be acting in concert with the thief.  I'm glad my MtGox account is now empty. I suspect there will be more problems there from now on. this has spiraled out of control.

Yeah - I stand by my ORIGINAL statements from right after the closure of bitcoinica. ZT knew that it was going to close, and this is why he was cashing out via forums before hand. This was very carefully planned from the get go. The changed ToS, leading to the lost funds and closure, leading to friends being repayed, and non-friends being delayed, leading to the compromise the MtGox account with the money for the rest of the customers.

This case shows a pattern of premeditated security lapses resulting in significant "losses" to be born by the customers. I cannot see how this is not criminal.

Someone belongs in prison. Want to take a guess who that should be?

Remember this:


+1 to this guy.

Do we have a link to the actual transaction(s)?

I've spent some time reading through the rants but couldn't find it.

Cheers.

And now the forum is absolutely crawling to a standstill. Are we being slashdotted or something? Or is some basement dwelling fuckup using a DDoS against an innocent messenger?

Occam's Razor says some shady stuff is going down.

It's fairly obvious that the money should've been returned to bitcoinica deposit clients a long time ago. It doesn't take this long to verify account information. Zhoutong's passive aggressive missives on this board shows that there might be something weird going down behind the scenes.

Currently we have no clear indication of who the owners are, I believe in the interest of transparency, the ownership structure as well as all roles of individuals involved for Bitcoinica should be made clear. This has near-zero security implications, and people holding balances are owed that much after this security breach.

Quite frankly, unless the ownership structure is made clear, there is a non-zero probability that non-principals that are involved may be unwitting accomplices to a scam. Assuming Zhoutong is an independent actor, he should ask himself whether he received payment for selling full equity where assets are strip-mined and stolen after transfer of the equity stake -- I'd be especially curious if he received a payment relative to the NPV seems a little too good to be true (unless of course, he did not realize that client funds were to be stolen upon ownership transfer). Assuming genjix / Bitcoin Consultancy et al are independent actors, they should be asking hard questions about their relative independent agency with regards to payment distribution and the worth of their association with this and the material risk if the owner is scamming them.

Storing your lastpass password as an API key in plaintext is beyond bizarre, no one in their right mind would do such a thing. This isn't SQL injection level incompetence we're talking about here, that happens all the time. Using an incredibly important password that gives access to all your online account and placing it in a plain-text API key is a poor excuse and isn't plausible at all.

Last bit of advice: Bitcoinica should put all their USD deposits in a real bank account, with real bankers. You have enough funds to have a personal relationship with a banker that will give you a courtesy call when large withdrawals are made. Mt Gox should consider locking all accounts even remotely associated with Bitcoinica. If they have more funds in other mtgox accounts, they should be locked due to material risks of bitcoinica ownership not acting in good faith.

Waiting far too long to return money plus now a claimed hacking with partial default implies that they needed time to transfer money elsewhere. This is a very serious accusation, but until we have a clear picture on why it is taking so long, who the owners are, and the bizarre use of a master password as a plaintext API key, Occam's Razor says the odds of the owner acting in good faith is not perfect.

Feb ~ 200k USD
May ~ 91k USD
Today ~ 300k USD

+1000. It took forever to my USD out. And I mean forever. Verified account and all between both ends.

Do the Bitcoinica people also know where the 40K USD went, or MtGox requires police subpoena before they could provide the details to the owners of Bitcoinica ?

This is like a parody at this point. Monty Pythons Life in Bitcoinica.

It's almost hard to believe that anyone can make so many mistakes, makes me wonder if it's an inside job.

+1 for scam

I'm glad I haven't had any money there to speak of.