Topic: bitstamp 18,000 bitcoins stolen? -confirmed - page 5. (Read 15061 times)
bitstamp is working on it and it will be recover soon (if possible)
This is bad news, I didn't had anything there but I think the site will most probably be shut-down now, if it isn't already. And there is no way of really knowing whether it was really a loot or just another inside job.
True. Stolen coins will be dumped immediately on Huobi, China and BTC-E within the next hours.
Wouldn't that give the hacker away? Do the exchanges apart from BTC-E require KYC documents? They might have to report big transactions like someone dumping thousands of bitcoins.
Most hackers use mixer services before sending those coins directly to exchanges.
Although there's no guarantee the hackers would use any reputed exchanges after mixing the coins. They may as well sell them offline.
Why don't we just make a central organization that decides which transactions get approved or denied.... oh wait....
Why don't we just make a central organization that decides which transactions get approved or denied.... oh wait....
I smell Gox 
...
Fungibility of bitcoin will be forever tainted/questioned if this ever happens
Fungibility of bitcoin will be forever tainted/questioned if this ever happens
Actually, the protocol allows any miner to exclude any transaction he wants. There is neither a requirement that every valid transaction be included in a block, nor a punishment defined for someone who doesn't. So the fungibility you cherish is already tainted/questionable.
Perhaps fungibility to you is worth more than the human cooperation that can make a decentralized system discourage theft? It's an odd position to take, but I understand (and disagree with) it. If that is the case, perhaps you should create your own alt-coin with valid-transaction-inclusion police to threaten miners into maintaining fungibility. I don't think it will do very well.
If thieves can deposit loot in a wallet for all to see specially
marked LOOT and then calmly take their time withdrawing it
then bitcoin is doomed for sure
marked LOOT and then calmly take their time withdrawing it
then bitcoin is doomed for sure
I think quite the opposite. Thats how bitcoin is intended to work. This instance is unfortunate yes. But it doesnt change anything to me. If they can NOT do that it is doomed in my mind.
EDIT:
There are ways the network can stop it But it would need to be the network deciding not the developers
It´s sitting there at blockchain.info marked
Bitstamp Hack
Unless that site is run by retarded people the funds must be frozen.
Bitstamp Hack
Unless that site is run by retarded people the funds must be frozen.
tell me how can that wallet be frozen? Just give it a time and you will see how those coins will be moved.
This would be a dream come true for me, probably severely tainted with government interference.
I would prefer that the thief find spending these coins to be so difficult that he will prefer to admit the theft and accept a small reward for giving himself up instead of frustrating ignominy, but that requires that everyone working on solving blocks who solves one to exclude his attempts to spend the loot. Unfortunately, my willingness to forgive is quite rare. The fact is, Bitstamp had a vulnerability. It has been exploited. The "evildoer" has proven this. Bitstamp should offer him a reward, and the miners can help push the thief to accept this offer. I propose that it go like this:
Quote
Dear Thief,
We have allocated 500 BTC as a reward. Every miner who solves a block that excludes a transaction attempting to spend btc from the Bitstamp Hack address will receive 1% of the remaining award (they must sign the excluded transaction with the address to which the block reward goes) until you identify yourself and agree to create a transaction giving Bitstamp back all the bitcoin minus whatever amount of the reward is left. At that time, miners will once again be more willing to confirm your transactions.
We have allocated 500 BTC as a reward. Every miner who solves a block that excludes a transaction attempting to spend btc from the Bitstamp Hack address will receive 1% of the remaining award (they must sign the excluded transaction with the address to which the block reward goes) until you identify yourself and agree to create a transaction giving Bitstamp back all the bitcoin minus whatever amount of the reward is left. At that time, miners will once again be more willing to confirm your transactions.
Fungibility of bitcoin will be forever tainted/questioned if this ever happens
It´s sitting there at blockchain.info marked
Bitstamp Hack
Unless that site is run by retarded people the funds must be frozen.
Bitstamp Hack
Unless that site is run by retarded people the funds must be frozen.
tell me how can that wallet be frozen? Just give it a time and you will see how those coins will be moved.
This would be a dream come true for me, probably severely tainted with government interference.
I would prefer that the thief find spending these coins to be so difficult that he will prefer to admit the theft and accept a small reward for giving himself up instead of frustrating ignominy, but that requires that everyone working on solving blocks who solves one to exclude his attempts to spend the loot. Unfortunately, my willingness to forgive is quite rare. The fact is, Bitstamp had a vulnerability. It has been exploited. The "evildoer" has proven this. Bitstamp should offer him a reward, and the miners can help push the thief to accept this offer. I propose that it go like this:
Quote
Dear Thief,
We have allocated 500 BTC as a reward. Every miner who solves a block that excludes a transaction attempting to spend btc from the Bitstamp Hack address will receive 1% of the remaining award (they must sign the excluded transaction with the address to which the block reward goes) until you identify yourself and agree to create a transaction giving Bitstamp back all the bitcoin minus whatever amount of the reward is left. At that time, miners will once again be more willing to confirm your transactions.
We have allocated 500 BTC as a reward. Every miner who solves a block that excludes a transaction attempting to spend btc from the Bitstamp Hack address will receive 1% of the remaining award (they must sign the excluded transaction with the address to which the block reward goes) until you identify yourself and agree to create a transaction giving Bitstamp back all the bitcoin minus whatever amount of the reward is left. At that time, miners will once again be more willing to confirm your transactions.
poor daytraders. i feel sorry for them being ripped off.... not.
really? that's pretty cold. they are helping to provide liquidity, and helping overall price discovery. why the hate?
unfortunately, this news has been confirmed
so they're definitely stolen.
http://www.coindesk.com/bitstamp-claims-roughly-19000-btc-lost-hot-wallet-hack/
http://www.coindesk.com/bitstamp-claims-roughly-19000-btc-lost-hot-wallet-hack/
poor daytraders. i feel sorry for them being ripped off.... not.
If thieves can deposit loot in a wallet for all to see specially
marked LOOT and then calmly take their time withdrawing it
then bitcoin is doomed for sure
marked LOOT and then calmly take their time withdrawing it
then bitcoin is doomed for sure
I take it that those idiots at Bitstamp contacted some law enforcement
which then are in all likelihood aware of the location of the loot.
which then are in all likelihood aware of the location of the loot.
It´s sitting there at blockchain.info marked
Bitstamp Hack
Unless that site is run by retarded people the funds must be frozen.
Bitstamp Hack
Unless that site is run by retarded people the funds must be frozen.
tell me how can that wallet be frozen? Just give it a time and you will see how those coins will be moved.
It´s sitting there at blockchain.info marked
Bitstamp Hack
Unless that site is run by retarded people the funds must be frozen.
Bitstamp Hack
Unless that site is run by retarded people the funds must be frozen.
This is why people will lose faith in BTC businesses. Always getting hacked like what happened to Mt.Gox
* 18kBTC that will make the price go down..
* 18kBTC that will make the price go down..
Yeah, like a bird landing on an elephant.
Anyway, since the bitcoins are accounted for and sitting there in a wallet for all to see
what exactly is the problem ?
If I am not mistaken they do not control that wallet.
At least the loot has been located. That would seem to be a positive sign.
True. but they will find a way to move the coins around via mixers to avoid being caught.
The coins are not in bitstamp's possession as far as I can tell.
This is why people will lose faith in BTC businesses. Always getting hacked like what happened to Mt.Gox
* 18kBTC that will make the price go down..
* 18kBTC that will make the price go down..
Yeah, like a bird landing on an elephant.
Anyway, since the bitcoins are accounted for and sitting there in a wallet for all to see
what exactly is the problem ?
If I am not mistaken they do not control that wallet.
At least the loot has been located. That would seem to be a positive sign.
This is why people will lose faith in BTC businesses. Always getting hacked like what happened to Mt.Gox
* 18kBTC that will make the price go down..
* 18kBTC that will make the price go down..
Yeah, like a bird landing on an elephant.
Anyway, since the bitcoins are accounted for and sitting there in a wallet for all to see
what exactly is the problem ?
If I am not mistaken they do not control that wallet.
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