Bitstamp: Less than 19,000 BTC lost !!! - page 3.

roslinpl

legendary

Activity: 2212

Merit: 1199

I must say that I feel really sorry for Bitstamp.

Also I have many questions their security.

Second biggest Bitcoin exchange in the world lost 19k of BTC.

There is no any safe exchange out there and we will need to wait few years to make it happen if this is ever possible.

This is kinda nothing new and we all know it. Just it is a little bit sad.

Life goes on!

So it's Bitcoin.

newIndia

legendary

Activity: 2198

Merit: 1049

Quote from: philiveyjr on January 06, 2015, 05:00:12 PM

Quote from: ?? on ??

"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

philiveyjr

legendary

Activity: 840

Merit: 1000

Quote from: ?? on ??

"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?

firewire2013

member

Activity: 103

Merit: 10

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.

Hope78

newbie

Activity: 28

Merit: 0

I've always liked Bitstamp, but that's insane Shocked

turvarya

hero member

Activity: 714

Merit: 500

Quote from: samba11 on January 06, 2015, 02:23:42 PM

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.

jbreher

legendary

Activity: 3024

Merit: 1640

lose: unfind ... loose: untight

Quote from: ?? on ??

Quote from: jbreher on January 06, 2015, 02:41:08 PM

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.

jbreher

legendary

Activity: 3024

Merit: 1640

lose: unfind ... loose: untight

Quote from: ?? on ??

Quote from: jbreher on January 06, 2015, 01:34:43 PM

Quote from: ?? on ??

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'

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.

samba11

newbie

Activity: 1

Merit: 0

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

elephantas1

sr. member

Activity: 378

Merit: 250

Quote from: Labteck on January 06, 2015, 01:43:41 PM

Get up guys, you have been Goxed

do you have any proof before making everyone pessimistic? if not just shut up

Labteck

sr. member

Activity: 311

Merit: 250

Get up guys, you have been Goxed

Madness

hero member

Activity: 644

Merit: 500

My goal is becaming a billionaire.

Quote from: newIndia on January 06, 2015, 08:02:07 AM

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

jbreher

legendary

Activity: 3024

Merit: 1640

lose: unfind ... loose: untight

Quote from: ?? on ??

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'

newIndia

legendary

Activity: 2198

Merit: 1049

Quote from: GonnaGrinditout on January 06, 2015, 01:05:04 PM

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

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: ?? on ??

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...

GonnaGrinditout

member

Activity: 94

Merit: 11

I hope it's not an inside job! Shocked

carlosiness

hero member

Activity: 672

Merit: 500

again lack of security....

akustik

sr. member

Activity: 350

Merit: 250

Bitsyamp is very big cpmpany
they can pay 19.000 btc easly
allright if they want..

Force.

member

Activity: 61

Merit: 10

Quote from: fairglu on January 06, 2015, 09:31:46 AM

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

Oh my god thats a lot of BTC hope this guy gets caught somehow

crazy_rabbit

legendary

Activity: 1204

Merit: 1001

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: ?? on ??

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.......

Topic: Bitstamp: Less than 19,000 BTC lost !!! - page 3. (Read 3934 times)