Topic: Bitcoinica's "Hot Wallet" loaded hours prior to the heist? (Read 2121 times)

I've read all of shad0wbitz's posts and he seems, to me, to be a straight-up guy.

~Bruno~

shad0wbitz. account created the day before (or maybe the day of) Zhou sold the company.
Too convenient.

Are you being a "Wise Guy" or are we being distracted by looking at the grouse?

Wow ...

Thank you for taking the time to research this Phinnaeus. I guess the three stooges have some explanations to give. By the way, what happened with the "Pie in the face claim process". I can't find that thread anywhere, and to my understanding nobody got their money.

All four 250 BTC went here: http://blockchain.info/tx-index/5866198/8b0a8ed0b2d3b22926615759d882364c7702cca7877782822563ead0b5f62515

So, for two days no other transfers (huge or small) were needed to send to clients from either of those amounts?


And who is "we", for genjix claims he had no idea such a large balance was kept (or in this case, recently placed) in the "Hot Wallet"?

~Bruno~

Could this be used to follow the trail of the Bitcoinica hack, too?

https://bitcointalksearch.org/topic/--88584

It was linked here for hunting down stolen coins from the Linode hack:

https://bitcointalk.org/index.php?topic=66916.300

isn't it nice that they asked users for scans of documents just before the second "hack"
if you ask me, too convenient,
take all that money, and have some identities along,
why not, it's free

please don't attack me now, but it all points to the young genius

i have no knowledge or info on all this and have no money there,
I just had to say it as an bystander

I have noticed some wild connections on all those hacks, but it would sound too stupid to even speculate...

These look like change outputs after 4 separate withdrawals of 250 BTC from the hot wallet.  It could be they split large amounts up into smaller amounts to save on fees, or perhaps they transferred coins to the cold wallet in pieces of 250 BTC.  Maybe they deposited to MtGox in 250 BTC pieces.  Either way, each of those 4 amounts is the change from sending 250 BTC elsewhere, not a deposit to the hot wallet.

I guess I should have paid better attention in Bitcoin 101 class instead of shooting spit wads at Matthew. Thanks for the correction, rjk.

Can a whole wallet (hot or cold) be transferred in one transaction, or does each address in a wallet need to be transferred one at a time?

The reason for asking is that I find it odd that the hacker would manually transfer 0.001 BTC not once, but three times, along with scooping up an address containing 0.0005 BTC. It's akin to a bank robber stopping to pick up a penny while carrying ill-gotten loot, although he's in the hurry to get to the get-away-car.

I want to revisit this issue:


I'm wondering if any clients received funds from Bitcoinica prior to the heist (2-3 day window)--huge or otherwise.

Less than an hour later, genjix posted the below while in Germany.

https://bitcointalksearch.org/topic/m.894400   US CST: May 11, 2012, 09:19:07 AM  by genjix

Please forgive me if it seems as if I'm beating a dead horse, but I'll continue to beat the beast as long as his ears are still wiggling.

~Bruno~

PS: Damn, I forgot to include in this post another nugget.

It seems that the first transaction [1KgTc9RSE91fS4Cfc48rbkkkGEHhjLhe7V (78.6284349 BTC - Output)] stemmed from a split, with the other transaction amount finding its way to...wait for it...the address 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM.

A "hot wallet" doesn't have to be one address, it can contain several.

I thought it was because of this:


As for me...

• I'm not bored. (check)
• I'm not trying to scam funds. (check)
• I freely admit entertaining myself with this episode, but ever so slightly. Any of my humorous posts should stick out like a sore thumb, but topics like this one are not meant as entertainment for me, et al. (check)

~Bruno~

I know you were making a joke, but it was an inside job.

That's the reason no one ever went to the police. 

After clicking that link three times, I saw what you did there. I ain't stupid!

Seriously, I aint' stupid! That said, let's move on to the following.


You think so? Wait till you read what I have to say about Foxpup's post.


This has bothered me from day one, yet I've never seen anybody address it.

All the transfers were done manually, some of which stemmed from another wallet that was split, possibly sending the other coins to a/the "Cold Wallet" where they still reside to this day--untouched and nicely rounded to a whole integer awaiting the 50% return-to-investers(?).


Hunt the "Hot Wallet"

I was toying with the idea of naming this thread just that for, you see, there wasn't a single "Hot Wallet" that 18K+ BTC were taken from, but 30 separate wallets that the hacker had easy access to and transferred to 182tGyiczhXSSCTciVujNRkkMw1zQxUVhp during a 12 minute(?) time span. I don't see a "Hot Wallet" with an address 1BitcoinicaHotWallet... (example purposes only) being transferred to 182tGyiczhXSSCTciVujNRkkMw1zQxUVhp. I see a "Hot Wallet" (double, but possibly a triple entendre)--182tGyiczhXSSCTciVujNRkkMw1zQxUVhp--of which was funded with coins staged hours beforehand from 26 wallets, 15,000K+ BTC staged 2+ days prior residing in 4 other wallets, along with coins from 3 other wallets after the fact.

Unless a "Hot Wallet" (sigular) refers to a myriad of wallets (plural) where coins sit patiently awaiting transfer when the need arises, the only "Hot Wallet" I see is 182tGyiczhXSSCTciVujNRkkMw1zQxUVhp of which was still being funded after the heist was announced, then all the coins except a couple+ in said wallet neatly transferred (all whole integers except the encrypted one) only 13+ hours later.

Please correct me if I'm in error.

~Bruno~

http://internetdetective.co

I'll just leave this here 

Nose meet fish.

It's not strange at all that the majority of coins in the hot wallet were only a few hours old at most. The hot wallet probably gets swept into the cold wallet every few hours or so. It would be more secure for funds to go straight to the cold wallet and transferred to the hot wallet as needed, but I guess doing it this way makes fast withdrawals easier. Or something. Either way, the real question is, what the Hell were these old coins doing in the hot wallet for so long without being either withdrawn or transfered to cold storage?

LOL!

With that, I'm going to bed, for I have to go to Valparaiso, IN, in a few hours to help load a deconstructed barn onto a truck.

~Bruno~

5/11 was an inside job.

I'm no expert on "hot wallets" or "cold wallets", but it seems strange to me that a majority of the transactions that funded Bitcoinica's "Hot Wallet" which was stolen, was transferred to said wallet only hours prior to the heist. The only main exceptions are four large transactions on the 9th, the time frame of which genjix was in Germany.


https://bitcointalksearch.org/topic/m.894400     DATE/TIME = May 11, 2012, 09:19:07 AM  Berlin Time?

The time zone in Germany was mid-afternoon when the hack occurred. ZT claims genjix was asleep. Exactly what were the other principle's local times when the hack occured?

https://bitcointalksearch.org/topic/m.894435

After we're done discussing this issue, I'll have an even better question(s) waiting in the queue.

~Bruno~