Wallet Breach Causes Bitcoin Exchange Bitstamp to Temporarily Suspend Service
https://www.cryptocoinsnews.com/wallet-breach-causes-bitcoin-exchange-bitstamp-to-temporarily-suspend-service/
Topic: Bitstamp issues statement and temporarily suspends service - page 7. (Read 8058 times)
I like bitcoin but believe it is dying and will be worthless. The reason is that there is ZERO security, ZERO public knowledge, ZERO advertising and ZERO good news. […] I am cashing out
Can I get your coins at ZERO cost? Thanks!
yes but your going to have to pay
there are highly sophisticated solutions available, for example bitalo.com where site owers simply do not have access to the bitcoins at all
user-side generated private keys that are fully encrypted on user side and where coins are stored in multi-signature wallets with a backup transaction so that you get the coins out, even when the service is completely offline. In this case you also do not need any "audit", because the audit is simply checking the blockchain if your coins are there or not.
user-side generated private keys that are fully encrypted on user side and where coins are stored in multi-signature wallets with a backup transaction so that you get the coins out, even when the service is completely offline. In this case you also do not need any "audit", because the audit is simply checking the blockchain if your coins are there or not.
WTH?? The ship can start sinking too fast...
True. I used to be really depressed about the price drop- but now I'm rather excited. Bitcoin itself isn't going anywhere- the prospect of honestly cheap coins is quite exciting to me.
I like bitcoin but believe it is dying and will be worthless. The reason is that there is ZERO security, ZERO public knowledge, ZERO advertising and ZERO good news. Combine this with Apple Pay whom basically took the btc idea and ran with it. Forget the "fiat" currency BS. The losses that the masses of btc owners have incurred over the last year would take eternity to recover. Too many scammers and with the cost of electricity and difficulty and ZERO profits, the entire attraction of btc is GONE. All the cloud miners are worthless. It's has more signs of a demise than any currency or commodity out there. I am cashing out and hitting the small cap miners.
Bitcoin itself is completely safe. There hasn't been a single theft due to mistakes or errors in the core protocol! Apple Pay has almost nothing to do with Bitcoin. Bitcoin thrives to be a separate currency with a completely different foundation. Apple pay is merely a payment system used on top of credit cards. It has nothing to do with being a currency that is backed by a trustless and decentralized consesus-system.
I like bitcoin but believe it is dying and will be worthless. The reason is that there is ZERO security, ZERO public knowledge, ZERO advertising and ZERO good news. […] I am cashing out
Can I get your coins at ZERO cost? Thanks!
Kinda of news that will make people lose trust in bitcoin security and its viability as a safe currency as a whole. When new or potential investor read this, they will have doubt about putting their money into bitcoin. Bad news indeed... I wonder amount of btc that has been compromised. 
Massive price drop followed by major exchange's problems, doesn't look good indeed. It's just a matter of time till the major news start reporting on it.
But on the other hand, if the amount compromised is not significant and BitStamp is able to cover it from its own funds (+ identify the cause and fix the problem), that could actually add to their trust and show they're serious business and can cope with difficulties.
I like bitcoin but believe it is dying and will be worthless. The reason is that there is ZERO security, ZERO public knowledge, ZERO advertising and ZERO good news. Combine this with Apple Pay whom basically took the btc idea and ran with it. Forget the "fiat" currency BS. The losses that the masses of btc owners have incurred over the last year would take eternity to recover. Too many scammers and with the cost of electricity and difficulty and ZERO profits, the entire attraction of btc is GONE. All the cloud miners are worthless. It's has more signs of a demise than any currency or commodity out there. I am cashing out and hitting the small cap miners.
WTH?? The ship can start sinking too fast...
Kinda of news that will make people lose trust in bitcoin security and its viability as a safe currency as a whole. When new or potential investor read this, they will have doubt about putting their money into bitcoin. Bad news indeed... I wonder amount of btc that has been compromised.
Yeah, you are right, this is very bad PR. And the saddest thing about it is that Bitcoin itself isn't flawed at all. The core technology doesn't have anything to do with these breaches and robberies. Bitcoin itself was, and will always be, safe.
Kinda of news that will make people lose trust in bitcoin security and its viability as a safe currency as a whole. When new or potential investor read this, they will have doubt about putting their money into bitcoin. Bad news indeed... I wonder amount of btc that has been compromised.
lololol
Here we go again...another service bites the dust...mt gox part 2379248723897234879234. This shit will never end until it takes bitcoin down with it. Unbelievable.
Here we go again...another service bites the dust...mt gox part 2379248723897234879234. This shit will never end until it takes bitcoin down with it. Unbelievable.
Im thinking they currently just have a technical issue, im not using them or have any money in there but its doesnt look like a gox situation.
The fact of the matter is...regardless how 'bad' this situation really is...it shows that bitcoin money is safe nowhere. Exchanges can basically take your money and run at any instant and claim they were hacked...with no repurcussions or explicit proof. If that isn't enough to scare away any potential future adopters, I don't know what is.
Yes its a real problem and it makes an advert for regulation and bitcoin banks. We need safe simple wallets and exchanges.
No; we need Automated Transactions and Smart Contracts to put all exchanges out of business.
whose is reporting the whole profit? there is no company is this world to do that. they will pay taxes. remember, BitStamp is one of the biggest exchangers.
Every registered company does.
Are you accusing them of hiding the profit? Tax evasion? If so - anything to support such statement?
also, look to the amount of the transactions they had last year and look to their fees. it's pretty easy to make a summary calculation.
Then do it.
If you run your 'summary calculation', all you'll get is their turnover (still won't be accurate) but definitely not their 'profit'.
Bitstamp is hacked. It's a fact. I think they can cover the loss from their HUGE profit they made last year IF they want that, of course 
There are rumors that their bank account is closing too.
There are rumors that their bank account is closing too.
So what is the 'huge profit' they made? Source?
Their latest filed accounts (for 2013) doesn't show P&L as they qualified as small company, but their P&L reserve was at $0.8m, impressive for a start up, but far from 'huge'.
Here's the coindesk article on the recent events:
http://www.coindesk.com/bitstamp-reports-hot-wallet-issue-tells-customers-not-deposit-bitcoin/
whose is reporting the whole profit? there is no company is this world to do that. they will pay taxes. remember, BitStamp is one of the biggest exchangers.
also, look to the amount of the transactions they had last year and look to their fees. it's pretty easy to make a summary calculation.
Bitstamp is hacked. It's a fact. I think they can cover the loss from their HUGE profit they made last year IF they want that, of course
There are rumors that their bank account is closing too.
There are rumors that their bank account is closing too.
Any sources to proove this or just speculation?
I never trust any exchange. After gox everyone should have realized to store his coins in a cold wallet.At least not on an exchange account.
Bitstamp is hacked. It's a fact. I think they can cover the loss from their HUGE profit they made last year IF they want that, of course
There are rumors that their bank account is closing too.
There are rumors that their bank account is closing too.
So what is the 'huge profit' they made? Source?
Their latest filed accounts (for 2013) doesn't show P&L as they qualified as small company, but their P&L reserve was at $0.8m, impressive for a start up, but far from 'huge'.
Here's the coindesk article on the recent events:
http://www.coindesk.com/bitstamp-reports-hot-wallet-issue-tells-customers-not-deposit-bitcoin/
Mtgox again? 
January is a bad month for Bitcoin
January is a bad month for Bitcoin
No, not Mtgox again. Mtgox lost all bitcoins whereas Bitstamp states cold storaged coins are fine.
So either you can't read or you don't trust Bistamp.
Do you trust them? Remember that MtGox said the same in the first instance.
Maybe it's a "small" incident and everything will be cool or maybe not...
Bitstamp is hacked. It's a fact. I think they can cover the loss from their HUGE profit they made last year IF they want that, of course
There are rumors that their bank account is closing too.
There are rumors that their bank account is closing too.
No, not Mtgox again. Mtgox lost all bitcoins whereas Bitstamp states cold storaged coins are fine.
I also think this isn't gox 2 but remember, all gox cold storage coins were "safe" too.
Im thinking they currently just have a technical issue, im not using them or have any money in there but its doesnt look like a gox situation.
Your post is not very entertaining. I want a better conspiracy theory, like "they tried to stop plummeting Bitcoin price with money they didn't have".
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