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Topic: Bitcoinica MtGox account compromised - page 36. (Read 156012 times)

legendary
Activity: 980
Merit: 1020
July 13, 2012, 07:45:47 AM

So basically bitcoinica was losing money paying back claims, can you explain how you loose money thats not even yours paying back claims?

Bitcoinica have to pay staff to deal with this. Anytime they're not operating, they're not making money.

In short, they are losing money to eat, pay rent, keep server up because they didn't do due diligence at the beginning of time.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
July 13, 2012, 07:43:44 AM
This has been one of the most stressful situations with maximum suffering I have ever experienced. I am furious and I hope everyone involved putting us through this gets what's due to them. Karma is a bitch, you fucking wankers.

Right. Because this has not been the most stressful time of my life.

[...] spent 3 days eating bad muesli and cheap milk. [...] I'm feeling depression, and I'm a little worried [...] I've started sleeping very long, being very lethargic and apathetic.


Seems like my own life. Grin
Except I was never involved in such an epic fraud.

I still can't believe genjix's post is no longer up. This thread is nuts. I read one page, and two more are added.

Quick recap:

We have a mysterious investor named Wendon who's proven to be more elusive than Satoshi Nakamoto.
Patrick is no longer involved in this fiasco.
Genjix is about to commit suicide.
Tihan Seale, only an investor, has passwords.
Zhou Tong, an almost 18-year-old kid has moved on the next-big-thing--selling domain names.
And I'm losing real money (fiat, or whatever), although I didn't have any shake (420 Satoshis) in Bitcoinica.

Perhaps, I need to go to Chicago and get some of my wood buying clients to start accepting Bitcoin. I'm sure as hell that would help my bottom line.

I is not happy, now!

~Bruno~
hero member
Activity: 826
Merit: 500
July 13, 2012, 07:37:39 AM
Security is a State of Mind

Some People have it some do not.  Huh

Every Time you get hacked you change all your passwords
full member
Activity: 185
Merit: 100
July 13, 2012, 07:37:01 AM
While the initial hacker had the ability to cause this breach it is likely that it was not taken advantage of until many users had access to the sourcecode in a recent leak:

Code:
genjix:~/tmp/bitcoinica_legacy/config/initializers$ cat mtgox_credentials.rb 
if Rails.env.production?
  MtGox.configure do |config|
    config.key = "c02e1a27-5524-449f-ba65-aff9581ddedc"
    config.secret = '83U1ROG++O3vwBqFrxpcdyLIoChpgnowImy1oMVQwBLalaLevZDmWeCPJFTrYW00OQ7XUgG53LsIL2pBZ2PQgA=='
    end
end
Sourcecode download link: http://depositfiles.com/files/2p6zvadzs

Why haven't we heard about this leak until now? Where did you learn about it from? Was the linked file published by you, or did the attacker plant evidence in the file props?
Code:
$ tar -jtvf bitcoinica.tar.bz2 | head -n1
drwxr-xr-x genjix/genjix     0 2012-07-07 21:18 bitcoinica_legacy/
hero member
Activity: 616
Merit: 502
July 13, 2012, 07:34:47 AM
genjix, buy coins, freeze coin a term of 2 years, 2 years later, we continue this thread ... Seriously. You can make a vote. I think people will support it. It's better than get 1\2 - 30%. Because of the growth prices it will be a different figure (2 years later)  Roll Eyes
member
Activity: 63
Merit: 10
July 13, 2012, 07:33:50 AM
This has been one of the most stressful situations with maximum suffering I have ever experienced. I am furious and I hope everyone involved putting us through this gets what's due to them. Karma is a bitch, you fucking wankers.

Right. Because this has not been the most stressful time of my life.

I have physical health problems and need to see a doctor, but haven't had the time. On the forums I'm called a scammer and repeatedly insulted. Someone is trying to sue us. My bank gave me crap and held my money. I was borrowing cash from friends and spent 3 days eating bad muesli and cheap milk. I lost a lot of code by accident. I put a lot of work into the bitcoin.org clients page to make everything fairer, and now it will be removed, helping to recentralise bitcoin again. Electrum maybe has a security flaw and Macs have random problems. The conference needs the CFP announced soon, but I have to deal with Bitcoinica first. My health is suffering and im getting headaches. Right now is the first time I'm feeling depression, and I'm a little worried because I've never had it before but my father did. I emailed a health professional and they advised me to seek help. I've started sleeping very long, being very lethargic and apathetic. When the Bitcoinica thing first happened, I was considering suicide until Tihan said he had the funds.


Cool story bro.

http://www.youtube.com/watch?v=DksSPZTZES0

Give us our money back.

I'm only halfway through, and posts are already starting to disappear. What the mother fucking hell is going on here?

~One pissed off mother fucker!!!~


I noticed that too.

Is it time to break out the pitch forks?
legendary
Activity: 1428
Merit: 1000
July 13, 2012, 07:31:29 AM
@Genjix - Can you please update https://bitcoinica.com/ with the info from the OP? You can not assume all customers are reading bitcointalk.org.

why is this a problem?
it should change nothing for their customers.

but they should do so as soon as they have a plan how to handle payouts.
hero member
Activity: 761
Merit: 500
Mine Silent, Mine Deep
July 13, 2012, 07:29:03 AM
@Genjix - Can you please update https://bitcoinica.com/ with the info from the OP? You can not assume all customers are reading bitcointalk.org.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
July 13, 2012, 07:28:56 AM
This has been one of the most stressful situations with maximum suffering I have ever experienced. I am furious and I hope everyone involved putting us through this gets what's due to them. Karma is a bitch, you fucking wankers.

Right. Because this has not been the most stressful time of my life.

I have physical health problems and need to see a doctor, but haven't had the time. On the forums I'm called a scammer and repeatedly insulted. Someone is trying to sue us. My bank gave me crap and held my money. I was borrowing cash from friends and spent 3 days eating bad muesli and cheap milk. I lost a lot of code by accident. I put a lot of work into the bitcoin.org clients page to make everything fairer, and now it will be removed, helping to recentralise bitcoin again. Electrum maybe has a security flaw and Macs have random problems. The conference needs the CFP announced soon, but I have to deal with Bitcoinica first. My health is suffering and im getting headaches. Right now is the first time I'm feeling depression, and I'm a little worried because I've never had it before but my father did. I emailed a health professional and they advised me to seek help. I've started sleeping very long, being very lethargic and apathetic. When the Bitcoinica thing first happened, I was considering suicide until Tihan said he had the funds.


Cool story bro.

http://www.youtube.com/watch?v=DksSPZTZES0

Give us our money back.

I'm only halfway through, and posts are already starting to disappear. What the mother fucking hell is going on here?

~One pissed off mother fucker!!!~
hero member
Activity: 504
Merit: 500
July 13, 2012, 07:28:23 AM
May be I am dumb - so they had the last pass's password set to be the same as the Mt.Gox API key? If true, uh oh - this is just so unbelievable....

aye, that's what they are saying.

My few questions;
Why was this access not included in the orginal action to change all passwords?
When did this lastpass account have it's gox password updated to the new one?
who was in control of this lastpass account?


It seems highly unreasonable to me to think that the orginal 'hacker' would just now think to randomly check lastpass using those credentials that he would have had the entire time. If someone just got them from the source code (it was just recently leaked?) then why would they even think to check last pass using that combo of credentials? Not to mention how terribly short sited it is to use the api key as a password for anything.. :/
hero member
Activity: 486
Merit: 500
July 13, 2012, 07:28:12 AM
I will post another update once I know more. I'm guessing that payments will have to take a forced 30% cut. This has cost everyone a lot of money, time and stress dealing with this mess. We are actively losing money from dealing with the payouts.

So basically bitcoinica was losing money paying back claims, can you explain how you loose money thats not even yours paying back claims?
legendary
Activity: 980
Merit: 1020
July 13, 2012, 07:21:13 AM
#99
However, am I the only one getting the impression that the actual owners/managers of Bitcoinica are jumping from the sinking ship one after the other, not even caring to give any updates anymore, while leaving genjix as a scapegoat here?


Who the hell are the owners?
hero member
Activity: 686
Merit: 500
Wat
July 13, 2012, 07:19:35 AM
#98
Lastpass now has google authenticator fwiw.
legendary
Activity: 1078
Merit: 1003
July 13, 2012, 07:19:06 AM
#97
No, this is not the users' fault. Why should the bitcoinica users eat all the loss?

+1

It makes no sense to make us eat the loss. That is their own fault. They need to all stop taking a paycheck like Zhou did and/or start eating muesli with even cheaper milk and cough up the money out of pocket.

Some of us have undeniable proof and we want our money back.

Actually they need to honor their terms of use their clients agreed to and if they didn't make any guarantees about security they're off the hook and it's the client's fault for putting money someplace where such guarantees weren't made.
legendary
Activity: 1092
Merit: 1016
090930
July 13, 2012, 07:17:47 AM
#96
The payments process was looking good, but now Patrick has walked away and I'm unsure what happens next.

I am very confident genjix is an honest and dedicated guy trying his best at managing this very stressful episode.

However, am I the only one getting the impression that the actual owners/managers of Bitcoinica are jumping ship one after the other, not even caring to give any updates anymore, while leaving genjix as a scapegoat here?

Genjix, do seek help as soon as possible, you shouldn't be left alone to handle this mess.
hero member
Activity: 486
Merit: 500
July 13, 2012, 07:15:25 AM
#95
Whoa so no update on how they going to pay back everyone...
legendary
Activity: 980
Merit: 1020
July 13, 2012, 07:12:18 AM
#94
Think about it. genjix takes a very long time to pay people back.. taking time out to write an article bashing bitcoin for the first time ever (a comment to the article even states "i thought Amir was pro-Bitcoin?"). Then as soon as the price jumps to $7.50, oh we had another hacking and 1/3 of the BTC are gone.

Everyday he stays in the UK, another day goes by when the police can arrest him. He's a person and we know his face. If he's trying to run away with the money, he have nothing to gain from reaping scorn on him.

Sometime, the simplest explanation is that people screwed up so massively that it looks like an inside job.

Frankly, I am tired of people screwing up left and right. (Even I lost some coins...to mybitcoin)
hero member
Activity: 574
Merit: 500
July 13, 2012, 07:10:10 AM
#93
May be I am dumb - so they had the last pass's password set to be the same as the Mt.Gox API key? If true, uh oh - this is just so unbelievable....
member
Activity: 60
Merit: 10
July 13, 2012, 07:09:45 AM
#92
Think about it. genjix takes a very long time to pay people back.. taking time out to write an article bashing bitcoin for the first time ever (a comment to the article even states "i thought Amir was pro-Bitcoin?"). Then as soon as the price jumps to $7.50, oh we had another hacking and 1/3 of the BTC are gone.
hero member
Activity: 616
Merit: 502
July 13, 2012, 07:09:23 AM
#91
My theory is that genjix sold the bitcoins short hoping to buy them back cheaper. That explains  http://bitcoinmedia.com/bitcoin-euro-stories-are-exaggerated/.

But, the price went up 50% and so 1/3 of the bitcoins were 'lost'. genjix is a poker player and gambler. Also this would explain the desperate sell walls of 40k btc of the last couple of days.

I hope I am wrong..
I thought so too .. So far, nothing for me, no payment ..
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