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Topic: [BITSTAMP] Hot wallet problems, stop making bitcoin deposits IMMEDIATELY - page 2. (Read 4620 times)

legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
New message from Bitstamp now up on their web site, but it does not significantly differ from the first one. They now admit to the loss of "less than 19,000 BTC".
they claim they can cover the losses in full...

Yet they post no proof they have that much in reserves to do so.

Just more words. Reminds me of gox.
hero member
Activity: 695
Merit: 500
New message from Bitstamp now up on their web site, but it does not significantly differ from the first one. They now admit to the loss of "less than 19,000 BTC".
hero member
Activity: 490
Merit: 500
what happened with bitstamp?
MtGox II Huh?
wish it is not.
but if bitstamp were gone, are there any single bitcoin exchanges? the future will be the world of altcoin exchange and leverage casino.
Lakebtc.com is also a exchange which only support bitcoin and no leverage

For bitstamp, we don't need to worry about, since bitstamp issued a notice, this thing is definitely that mend the fold after few sheep have been stolen
okay, lakebtc is an alternative

but 12 hours later, bitstamp still suspend, I worried about how long it would last?

just like hgmichna said:
… BitStamp can cover the loss. they made millions as profit from their clients so they can cover almost any loss …

Funny, people said exactly that about Mt. Gox, less than a year ago.

How long shall we need to wait for it? were it back, right?
legendary
Activity: 1470
Merit: 1004
who all got stamped?  Cheesy
if im right bitfinex also stores btc at bitstamp, so if you don't want to be finexed withdraw now when it is still possible  Cool
Never ever let bitcoins on an exchange, honestly I just hope they close down and take bitfinex with them, exchanges need to keep going down untill people realize exchanges are for exchanging bitcoins and not for storing, cold wallets are meant for that
I warned you all ...

good point, start withdrawing now when it's still possible. you cannot be sure what's tomorrow Smiley

Where can I find that information that bitfinex keeps BTC on deposit at bitstamp?

Coinbase is using Bitstamp too.

But here are the information requested:

http://theblogchain.com/news/psa-raphael-from-bitfinex-is-offering-to-credit-accounts-of-those-who-lost-money-during-the-most-recent-engine-halt/

http://www.reddit.com/r/BitcoinMarkets/comments/1wr0x8/bitfinex_integration_with_bitstamp/
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
who all got stamped?  Cheesy
if im right bitfinex also stores btc at bitstamp, so if you don't want to be finexed withdraw now when it is still possible  Cool
Never ever let bitcoins on an exchange, honestly I just hope they close down and take bitfinex with them, exchanges need to keep going down untill people realize exchanges are for exchanging bitcoins and not for storing, cold wallets are meant for that
I warned you all ...

good point, start withdrawing now when it's still possible. you cannot be sure what's tomorrow Smiley

Where can I find that information that bitfinex keeps BTC on deposit at bitstamp?
legendary
Activity: 1470
Merit: 1004
who all got stamped?  Cheesy
if im right bitfinex also stores btc at bitstamp, so if you don't want to be finexed withdraw now when it is still possible  Cool
Never ever let bitcoins on an exchange, honestly I just hope they close down and take bitfinex with them, exchanges need to keep going down untill people realize exchanges are for exchanging bitcoins and not for storing, cold wallets are meant for that
I warned you all ...

good point, start withdrawing now when it's still possible. you cannot be sure what's tomorrow Smiley
sr. member
Activity: 616
Merit: 250
who all got stamped?  Cheesy
if im right bitfinex also stores btc at bitstamp, so if you don't want to be finexed withdraw now when it is still possible  Cool
Never ever let bitcoins on an exchange, honestly I just hope they close down and take bitfinex with them, exchanges need to keep going down untill people realize exchanges are for exchanging bitcoins and not for storing, cold wallets are meant for that
I warned you all ...
legendary
Activity: 1470
Merit: 1004
ask the money back from Bitstamp.
Almost all their BTC should be backed by real money (USD or EURO). these money are into their bank account.

they "lose" the BTC but the real money will remain to them if you will accept the "loss".
Most of their money are coming from bank deposits not  direct BTC transfers.

So, ask your money back by bank wire asap. Their bank will froze the account shortly.
hero member
Activity: 784
Merit: 500
Looks like they've already confirmed the safety of the large bulk of funds and will compensate whats been lost on the hot wallet.

https://imgur.com/vrNSUzG

That only could be confirmed with proof of reserves, not just some words.


People should start using services where service providers do not take over control over the coins at all. This is possible with user-side encrypted private keys, multi-signature wallets and even backup transactino in case the service goes completely offline.

bitalo.com or greenaddres have implemented these systems, people just need to use it

The Rock Trading implemented multi-sig with greenaddress

Clearly, multi-sig should become the standard, otherwise know you are in risk.

I received the same email.

Before that I ordered a bitcoin withdrawal, which has not gone through until now, since 15 hours. 20 min after the withdrawal, when I did not see any transaction, I entered a support ticket. There has been no reply to that. Note that the two issues look unrelated at first sight, but only if we believe what they are saying.

It feels like Mt. Gox. Delay and finally stop withdrawals. Blame technical problems or hackers. Worst case is that they gambled on a rising bitcoin price and lost their shirts when the price kept going down.

Not again! I have lost enough on Mt. Gox. If large bitcoin exchanges keep going down, bitcoin could die altogether. Bitcoin is useless if you cannot exchange it reliably for fiat money and if you keep losing it through failing exchanges.

I remember only too vividly how I kept hoping to eventually withdraw my Mt. Gox money. It never happened.

It may be the right time to sell bitcoins, just in case Bitstamp goes down and before the issue becomes widely known. If the fears turn out to be unfounded, buy them again.

 Cry
legendary
Activity: 1470
Merit: 1004

Isn't that just the cold wallet address that they moved all their deposits to.

I don't think anybody stole 18,000 coins from Bitstamp.


why not?Smiley

wouldn't do it if you would have access to their "wallets"? Smiley)

we are talking about almost 5 MIL USD. you can retire on any island you want with these money and you can live like a kind for all your life
legendary
Activity: 3066
Merit: 1188

Isn't that just the cold wallet address that they moved all their deposits to.

I don't think anybody stole 18,000 coins from Bitstamp.
hero member
Activity: 695
Merit: 500

18864.34503301 Bitcoin equals 5109007.93 US Dollar, according to Google.

5 million $ stolen? Who says that?
legendary
Activity: 1470
Merit: 1004
… BitStamp can cover the loss. they made millions as profit from their clients so they can cover almost any loss …

Funny, people said exactly that about Mt. Gox, less than a year ago.

yes and I said "IF they want that"... Smiley

Anyway, the Bitcoin price will go down for sure. I expect somewhere around of 200 usd today and 180 USD tomorrow.
legendary
Activity: 1666
Merit: 1205
what happened with bitstamp?
MtGox II Huh?
wish it is not.
but if bitstamp were gone, are there any single bitcoin exchanges? the future will be the world of altcoin exchange and leverage casino.
Lakebtc.com is also a exchange which only support bitcoin and no leverage

For bitstamp, we don't need to worry about, since bitstamp issued a notice, this thing is definitely that mend the fold after few sheep have been stolen
via Imgflip Meme Maker
member
Activity: 80
Merit: 10
what happened with bitstamp?
MtGox II Huh?
wish it is not.
but if bitstamp were gone, are there any single bitcoin exchanges? the future will be the world of altcoin exchange and leverage casino.
Lakebtc.com is also a exchange which only support bitcoin and no leverage

For bitstamp, we don't need to worry about, since bitstamp issued a notice, this thing is definitely that mend the fold after few sheep have been stolen
hero member
Activity: 695
Merit: 500
… BitStamp can cover the loss. they made millions as profit from their clients so they can cover almost any loss …

Funny, people said exactly that about Mt. Gox, less than a year ago.
legendary
Activity: 1316
Merit: 1000
Looks like they've already confirmed the safety of the large bulk of funds and will compensate whats been lost on the hot wallet.

https://imgur.com/vrNSUzG
legendary
Activity: 1666
Merit: 1205
I thanks god that I didn't have any money there, apart dust.

Now I understand the reasons behind the price crash..

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