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Topic: Bitstamp: Less than 19,000 BTC lost !!! - page 3. (Read 3939 times)

legendary
Activity: 2226
Merit: 1052
January 06, 2015, 04:12:54 PM
#32
"less than 19k BTC", what a bad word play, its ~5million usd or sould I say less than 1 billion usd  Roll Eyes
Yeah its really weird that the used "less than 19k BTC" its been a few days..n they could have posted the exact value..if they r so called transparent. less than 19k BTC means it could just be 0.5BTC or even 0..lol.! who knows?

According to latest speculation, here is the exact value => https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf
legendary
Activity: 840
Merit: 1000
January 06, 2015, 04:00:12 PM
#31
"less than 19k BTC", what a bad word play, its ~5million usd or sould I say less than 1 billion usd  Roll Eyes
Yeah its really weird that the used "less than 19k BTC" its been a few days..n they could have posted the exact value..if they r so called transparent. less than 19k BTC means it could just be 0.5BTC or even 0..lol.! who knows?
member
Activity: 103
Merit: 10
January 06, 2015, 03:50:41 PM
#30
Anyone want to buy 18,871.69541682 BTC  Tongue

I think this was an attempt to drive the price of bitcoin further into mud, I foresee many attacks on Bitcoin this year.
newbie
Activity: 28
Merit: 0
January 06, 2015, 03:27:47 PM
#29
I've always liked Bitstamp, but that's insane Shocked
hero member
Activity: 714
Merit: 500
January 06, 2015, 03:21:37 PM
#28
i don't know what the exact story is but please take every bitcoin news with a grain of salt.
these "hack"/"theft" could well be a set up done by banksters, fear mongering is all they have to slow down the inevitable btc mass adoption.
the W twin brother were vouching for bitstamp, the whole W brothers mainstream coverage is shady imo.
developers out there needs to focus on finding easy way for people to store their bitcoin offline/paper wallet and exchanges needs to be decentralized.
think about this : if bitstamp owner had enough funds to cover the loss why would he publicly post the exact amount of btc "stolen" ? press coverage...
he could have closed site temporarily with another excuse and meanwhile transfer cold storage to hot wallet so no one suspect anything
this story doesn't add up

They have to close down the site, since they don't know, how far the hack goes. Maybe the system is still compromised and newly added Bitcoin would go to the hacker. At least the Bitcoin from the compromised addresses are no longer in full control of Bitstamp.
Makes sense to me to close down their whole system.
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
January 06, 2015, 02:30:08 PM
#27
mmhh hmmm... surely, you're aware that the voices claiming that they are unable to withdraw from PayBase are are increasing in volume? Nevermind the fact that all evidence (e.g. 96% premine, not accepting Paycoin for their own products, ...) points to Paycoin being a classic Ponzi.
I have zero cares about that, I am not GAW and I am diversified in my investments, I don't care if it is a ponzi because I am not foolish enough to poor tons of cash into it or any other altcoin.

I have 30 bucks in paycoin right now and if it goes up, cool I've double my money and will change it back into bitcoin probably through paybase as i have had no issues on there. If not, oh well.

Ok fine. You are unconcerned that -- in some little part perhaps due to your shilling -- someone somewhere might actually get taken to the cleaners by using Paybase. It is good to know this about you. Unsettling, disturbing, depressing maybe even - but good to at least know this about you. I shall likely remember. As should all reading this.
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
January 06, 2015, 01:41:08 PM
#26
My question is why are so many people leaving funds on exchanges like they're banks? We all know this is a possibility.

... says the person whoring out his sig space to PayBase.

just sayin'
Wink I don't have funds on there I am one of those big bad profiting dumpers. Now if you would like to go picking a fight you can go looking somewhere else.

Just Sayin'


Do I use the exchange for the reason? Yeah if i need paycoins quickly I use them.

mmhh hmmm... surely, you're aware that the voices claiming that they are unable to withdraw from PayBase are are increasing in volume? Nevermind the fact that all evidence (e.g. 96% premine, not accepting Paycoin for their own products, ...) points to Paycoin being a classic Ponzi.
newbie
Activity: 1
Merit: 0
January 06, 2015, 01:23:42 PM
#25
i don't know what the exact story is but please take every bitcoin news with a grain of salt.
these "hack"/"theft" could well be a set up done by banksters, fear mongering is all they have to slow down the inevitable btc mass adoption.
the W twin brother were vouching for bitstamp, the whole W brothers mainstream coverage is shady imo.
developers out there needs to focus on finding easy way for people to store their bitcoin offline/paper wallet and exchanges needs to be decentralized.
think about this : if bitstamp owner had enough funds to cover the loss why would he publicly post the exact amount of btc "stolen" ? press coverage...
he could have closed site temporarily with another excuse and meanwhile transfer cold storage to hot wallet so no one suspect anything
this story doesn't add up
sr. member
Activity: 378
Merit: 250
January 06, 2015, 12:52:23 PM
#24
Get up guys, you have been Goxed
do you have any proof before making everyone pessimistic? if not just shut up
sr. member
Activity: 311
Merit: 250
January 06, 2015, 12:43:41 PM
#23
Get up guys, you have been Goxed
hero member
Activity: 644
Merit: 500
My goal is becaming a billionaire.
January 06, 2015, 12:41:46 PM
#22
Quote
AN IMPORTANT MESSAGE TO OUR CUSTOMERS:

January 6, 2015, 12:34am UTC: We have temporarily suspended Bitstamp services. Bitstamp customers can rest assured that their bitcoins held with us prior to temporary suspension of services on January 5th (at 9am UTC) are completely safe and will be honored in full.

On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC. Upon learning of the breach, we immediately notified all customers that they should no longer make deposits to previously issued bitcoin deposit addresses. To repeat, customers should NOT make any deposits to previously issued bitcoin deposit addresses. As an additional security measure, we suspended our systems while we fully investigate the incident and actively engage with law enforcement officials.
This breach represents a small fraction of Bitstamp’s total bitcoin reserves, the overwhelming majority of which are held in secure offline cold storage systems. We would like to reassure all Bitstamp customers that their balances held prior to our temporary suspension of services will not be affected and will be honored in full.

We appreciate customers’ patience during this disruption of services. We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days. Customers can stay informed via updates on our website, on Twitter (@Bitstamp) and through Bitstamp customer support at [email protected].

- Bitstamp Team

Source: https://www.bitstamp.net

Can they cover it from their cold storage ? 19,000 BTC is equivalent to more than 5 million USD at current market price.

Damn , That's a huge amount of Money they lost , I feel sorry for people who lost their money.
btw what Bitsmap exactly ? I never used it to be honest but I see a lot of people speaking about it , I know some people use it to check the price of BTC but I use preev.com  , is it some kinda of exchange cryptoo currency websites like Allcoin ?  Huh  Huh
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
January 06, 2015, 12:34:43 PM
#21
My question is why are so many people leaving funds on exchanges like they're banks? We all know this is a possibility.

... says the person whoring out his sig space to PayBase.

just sayin'
legendary
Activity: 2226
Merit: 1052
January 06, 2015, 12:09:15 PM
#20
I hope it's not an inside job!  Shocked

I hope we wont hear about another willy bot that was driving the price up and the lost BTC never actually existed except from Bitstamp book.

p.s. I have seen an address with 18k+ BTC is doing rounds. Would love to see a source where Bitstamp really says that those are the stolen BTC => https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf
hero member
Activity: 1372
Merit: 783
better everyday ♥
January 06, 2015, 12:08:33 PM
#19
My question is why are so many people leaving funds on exchanges like they're banks? We all know this is a possibility.

That's like saying why don't traders withdraw money as soon as they're done trading on their Schwab or Interactive Brokers account.

Yes, Gox happened, and now this, but this type of thing should never ever happen to a legitimate operation.

It's this type of Mickey Mouse/amateur hour shenanigans that continues to give Bitcoin a bad name.

With trading there's always risk involved obviously, but at the same time, that's like saying you'll cash out all your chips at the Casino after 1 or 2 bets only...it's not realistic.  Accounts should've been secured.  Period.

That said, if this is now the norm with Cryptocurrency-centric exchanges, the emergence of decentralized exchanges may have a boost this year...
member
Activity: 94
Merit: 11
January 06, 2015, 12:05:04 PM
#18
I hope it's not an inside job!  Shocked
hero member
Activity: 672
Merit: 500
January 06, 2015, 12:04:49 PM
#17
again lack of security....
sr. member
Activity: 350
Merit: 250
January 06, 2015, 12:00:07 PM
#16
Bitsyamp is very big cpmpany
they can pay 19.000 btc easly
allright if they want..
member
Activity: 61
Merit: 10
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
January 06, 2015, 10:56:44 AM
#14
My question is why are so many people leaving funds on exchanges like they're banks? We all know this is a possibility.

To trade with, obviously. In my case, I have $$$ on the exchange- you leave it there so that you can buy coins. You have to expose yourself to some risk. Any other day I wouldn't have had anything on stamp but- we all get unlucky sometimes.......
member
Activity: 105
Merit: 10
January 06, 2015, 10:42:14 AM
#13
That's just their way to attract people
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