bitstamp 18,000 bitcoins stolen? -confirmed - page 6.

galdur

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Quote from: waterpile on January 05, 2015, 11:29:43 PM

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..

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 ?

waterpile

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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..

galdur

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So, the 18,867.63256844 BTC are sitting here

https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

What´s the problem then ?

fran2k

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Activity: 784

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Quote from: ?? on ??

From wall observer

Quote from: dEBRUYNE on January 05, 2015, 06:03:22 PM

This is pretty weird -> https://twitter.com/AdamGuerbuez/status/551862867956617216

WTF is this? Who is this guys?

Quote from: mike81 on January 05, 2015, 05:57:07 PM

Quote from: redsn0w on January 05, 2015, 05:53:14 PM

Quote from: mike81 on January 05, 2015, 05:52:16 PM

Who knows where this statement was made: http://www.coindesk.com/bitstamp-claims-roughly-19000-btc-lost-hot-wallet-hack/

On their homepage : https://www.bitstamp.net/

No, that still has the old statement. The coindesk article contains a new one from Bitstamps CEO admitting the 19000 BTC are lost.

So effectively someone managed to stole the hot wallet. This is a shame again for bitcoin. We should move on to multisig exchanges and p2p exchanges with FIAT assets like BitShares bitUSD.

Biodom

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While in fiat land...$31 mil was stolen from XOOM ("thieves impersonating employees transfer money to overseas accounts" ...hmmm.. bizzaro)
http://www.marketwatch.com/story/xoom-shares-drop-after-31-million-stolen-2015-01-05

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: celebreze32 on January 05, 2015, 08:07:16 PM

Quote from: smoothie on January 05, 2015, 07:37:39 PM

Quote from: Wilhelm on January 05, 2015, 07:22:40 PM

If they got robbed, you would think they have some form of insurance covering the losses.
Fees they get per trade should IMO cover any flaw or hack that gets exploited.

If they have learned anything from GOX they will give people their money without fuss and bite the bullet.
If they do that trust in Bitcoin will remain and they will be a trusted and respected exchange.

For now they are taking the only valid approach and that is shutting it down to stop any secondary hacks and scan for forensics.

I have no money in Bitstamp but I am looking how Bitstamp resolves this problem.

I would imagine there would be a run on coins and fiat to get out of bitstamp as soon as f*cking possible.

If I had a hefty sum of BTC and/or fiat I would want 100% of each out of there as soon as possible

If bitstamp doesn't have enough of their own stash to cover the losses and a run on coins and fiat withdraws they will be mtgox 2.

Biting the bullet would be ideal for trust of their customers.

If they don't bite the bullet and cover the losses and allow full BTC and fiat withdrawals with no unnecessary delays... I will never use them again and will do the same as I did with mtgox and post all over this forum how they are hiding their insolvency.

Let us hope they step up to the plate and take the loss from their own funds and let people get their money out.

This article says Bitstamp got $10m investment from Pantera Capital in 2013. That alone's enough to cover a $5m loss.

http://www.coindesk.com/paypal-bitstamp-chief-compliance-officer/

yes im sure their investors will be "okay" with taking half of their capital investment to cover their incompetence in this latest hack. Roll Eyes

fran2k

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Quote from: celebreze32 on January 05, 2015, 11:29:17 AM

Quote from: freebit13 on January 05, 2015, 11:25:48 AM

Quote from: stonehedge on January 05, 2015, 10:49:26 AM

Bad and sad news.

Hopefully 2FA will be incorporated into Bitcoin at protocol level if it proves to be a success for Darkcoin.

Imagine that...stolen coins unspendable...

That's what multisig is for...

There was a story about a dark market silk road successor site that was busted, but the feds could not get users bitcoins because the site used multisig. If a dodgy website like that can use multisig why can't the legit exchanges? They could at least offer it as optional.

Was that SR2 ? Didn't realize that they were using multisig. It's clear it should be the standard ASAP.

Mieehayii

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Activity: 490

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is this figure accurate? 18,000BTC Shocked

mtgox2
where should we trading the next?

fairlay

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If you have reliable information when or if at all Bitstmap will return and withdrawals will be possible you can directly earn money on our prediction market: https://www.fairlay.com/event/category/bitcoin/bad-news/

If not you can at least have a look what people are thinking how are willing to put money on it.

celebreze32

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Activity: 296

Merit: 250

Quote from: mike81 on January 05, 2015, 06:49:06 PM

Quote from: celebreze32 on January 05, 2015, 06:40:25 PM

I can view a statement on their site. It just shows a maintenance page at present with a short statement about the compromised wallet. It's the original statement released, with less information in it than the one in the coindesk article.

https://www.bitstamp.net/

Right, i did notice that. That statement hasn't been changed since this morning. The statement on the coindesk article is (according to coindesk) an official statement from the CEO of Bitstamp. My original question was where coindesk got this statement from. It has no source but does contain new information which i cannot find anywhere else. My guess is Coindesk has spoken with him at CES but if so that, imo, should be added to the article.

The new statement appeared on https://www.bitstamp.net/ at 12:34am UTC.

celebreze32

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Merit: 250

Quote from: smoothie on January 05, 2015, 07:37:39 PM

Quote from: Wilhelm on January 05, 2015, 07:22:40 PM

If they got robbed, you would think they have some form of insurance covering the losses.
Fees they get per trade should IMO cover any flaw or hack that gets exploited.

If they have learned anything from GOX they will give people their money without fuss and bite the bullet.
If they do that trust in Bitcoin will remain and they will be a trusted and respected exchange.

For now they are taking the only valid approach and that is shutting it down to stop any secondary hacks and scan for forensics.

I have no money in Bitstamp but I am looking how Bitstamp resolves this problem.

I would imagine there would be a run on coins and fiat to get out of bitstamp as soon as f*cking possible.

If I had a hefty sum of BTC and/or fiat I would want 100% of each out of there as soon as possible

If bitstamp doesn't have enough of their own stash to cover the losses and a run on coins and fiat withdraws they will be mtgox 2.

Biting the bullet would be ideal for trust of their customers.

If they don't bite the bullet and cover the losses and allow full BTC and fiat withdrawals with no unnecessary delays... I will never use them again and will do the same as I did with mtgox and post all over this forum how they are hiding their insolvency.

Let us hope they step up to the plate and take the loss from their own funds and let people get their money out.

This article says Bitstamp got $10m investment from Pantera Capital in 2013. That alone's enough to cover a $5m loss.

http://www.coindesk.com/paypal-bitstamp-chief-compliance-officer/

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: mike81 on January 05, 2015, 07:24:20 PM

Quote from: smoothie on January 05, 2015, 07:20:51 PM

I will be open here and say that a few days before this hack happened I was tinkering with the idea of cashing out a hefty sum of my Bitcoins to speculate with and I would have sold at a good price but would be stuck with " fiat" stuck in bitstamp while they recover from said hack.

Glad I didn't follow through on this. Dodged a bullet there.

Small transfers over time are better risk management than sending one large chunk of BTC to cash out.

Thanks, thats exactly what i did do... Roll Eyes

Are you saying you were considering cashing out a nice chunk about the same time I was?

Just to not follow through?

For me it was the holidays spending time with family and being busy making coins that stopped me from sending BTC to bitstamp.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: Wilhelm on January 05, 2015, 07:22:40 PM

If they got robbed, you would think they have some form of insurance covering the losses.
Fees they get per trade should IMO cover any flaw or hack that gets exploited.

If they have learned anything from GOX they will give people their money without fuss and bite the bullet.
If they do that trust in Bitcoin will remain and they will be a trusted and respected exchange.

For now they are taking the only valid approach and that is shutting it down to stop any secondary hacks and scan for forensics.

I have no money in Bitstamp but I am looking how Bitstamp resolves this problem.

I would imagine there would be a run on coins and fiat to get out of bitstamp as soon as f*cking possible.

If I had a hefty sum of BTC and/or fiat I would want 100% of each out of there as soon as possible

If bitstamp doesn't have enough of their own stash to cover the losses and a run on coins and fiat withdraws they will be mtgox 2.

Biting the bullet would be ideal for trust of their customers.

If they don't bite the bullet and cover the losses and allow full BTC and fiat withdrawals with no unnecessary delays... I will never use them again and will do the same as I did with mtgox and post all over this forum how they are hiding their insolvency.

Let us hope they step up to the plate and take the loss from their own funds and let people get their money out.

mike81

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Merit: 10

Quote from: smoothie on January 05, 2015, 07:20:51 PM

I will be open here and say that a few days before this hack happened I was tinkering with the idea of cashing out a hefty sum of my Bitcoins to speculate with and I would have sold at a good price but would be stuck with " fiat" stuck in bitstamp while they recover from said hack.

Glad I didn't follow through on this. Dodged a bullet there.

Small transfers over time are better risk management than sending one large chunk of BTC to cash out.

Thanks, thats exactly what i did do... Roll Eyes

Wilhelm

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Activity: 1652

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If they got robbed, you would think they have some form of insurance covering the losses.
Fees they get per trade should IMO cover any flaw or hack that gets exploited.

If they have learned anything from GOX they will give people their money without fuss and bite the bullet.
If they do that trust in Bitcoin will remain and they will be a trusted and respected exchange.

For now they are taking the only valid approach and that is shutting it down to stop any secondary hacks and scan for forensics.

I have no money in Bitstamp but I am looking how Bitstamp resolves this problem.

smoothie

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Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Coins are safe in cold storage in my possession.

smoothie

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Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

I will be open here and say that a few days before this hack happened I was tinkering with the idea of cashing out a hefty sum of my Bitcoins to speculate with and I would have sold at a good price but would be stuck with " fiat" stuck in bitstamp while they recover from said hack.

Glad I didn't follow through on this. Dodged a bullet there.

Small transfers over time are better risk management than sending one large chunk of BTC to cash out.

tyrexs

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Activity: 266

Merit: 250

the question is real stolen or just statement they got stolen?

celebreze32

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Quote from: mike81 on January 05, 2015, 06:49:06 PM

Quote from: celebreze32 on January 05, 2015, 06:40:25 PM

I can view a statement on their site. It just shows a maintenance page at present with a short statement about the compromised wallet. It's the original statement released, with less information in it than the one in the coindesk article.

https://www.bitstamp.net/

Right, i did notice that. That statement hasn't been changed since this morning. The statement on the coindesk article is (according to coindesk) an official statement from the CEO of Bitstamp. My original question was where coindesk got this statement from. It has no source but does contain new information which i cannot find anywhere else. My guess is Coindesk has spoken with him at CES but if so that, imo, should be added to the article.

This site says they were given the statement directly. I assume they mean by Bitstamp.

http://www.entrepreneur.com/article/241432

"In a statement to Entrepreneur late Monday, Bitstamp said that less than 19,000 BTC, or about $5.1 million at today's pricing, was lost and assured that all customers will be able to recover the balances they held before service was halted."

Bitstamp might have been issuing the same statement to a few Bitcoin news sites.

mike81

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Quote from: celebreze32 on January 05, 2015, 06:40:25 PM

I can view a statement on their site. It just shows a maintenance page at present with a short statement about the compromised wallet. It's the original statement released, with less information in it than the one in the coindesk article.

https://www.bitstamp.net/

Right, i did notice that. That statement hasn't been changed since this morning. The statement on the coindesk article is (according to coindesk) an official statement from the CEO of Bitstamp. My original question was where coindesk got this statement from. It has no source but does contain new information which i cannot find anywhere else. My guess is Coindesk has spoken with him at CES but if so that, imo, should be added to the article.

Topic: bitstamp 18,000 bitcoins stolen? -confirmed - page 6. (Read 15061 times)