BTC-e Trading Resumed | Bitinstant <--> BTC-E Enabled now

Yankee (BitInstant)

legendary

Activity: 1078

Merit: 1000

Charlie 'Van Bitcoin' Shrem

Quote from: 420 on October 10, 2012, 08:58:16 PM

Quote from: defxor on August 15, 2012, 07:26:29 PM

Quote from: Yankee (BitInstant) on July 31, 2012, 01:44:54 PM

Update Bitinstant <--> BTC-E Enabled now

Quote from: defxor on July 31, 2012, 01:01:37 PM

Quote from: Yankee (BitInstant) on July 31, 2012, 09:55:37 AM

It sounds like they also adopted good security practices

Explaining the external use of their LR key with "brute forced" has me worried, I don't see how that's computationally possible: https://bitcointalksearch.org/topic/m.1068030

What additional security practices are put in place in case the hackers are able to extract new replacement keys easily?

They are preparing a full write up for the community including screenshots, ect.

Did this ever happen?

did the write-up and screens happen?

Nope.

Im sure if there is enough demand, they will do it.

420

hero member

Activity: 756

Merit: 500

Quote from: defxor on August 15, 2012, 07:26:29 PM

Quote from: Yankee (BitInstant) on July 31, 2012, 01:44:54 PM

Update Bitinstant <--> BTC-E Enabled now

Quote from: defxor on July 31, 2012, 01:01:37 PM

Quote from: Yankee (BitInstant) on July 31, 2012, 09:55:37 AM

It sounds like they also adopted good security practices

Explaining the external use of their LR key with "brute forced" has me worried, I don't see how that's computationally possible: https://bitcointalksearch.org/topic/m.1068030

What additional security practices are put in place in case the hackers are able to extract new replacement keys easily?

They are preparing a full write up for the community including screenshots, ect.

Did this ever happen?

did the write-up and screens happen?

defxor

hero member

Activity: 530

Merit: 500

Quote from: Yankee (BitInstant) on July 31, 2012, 01:44:54 PM

Update Bitinstant <--> BTC-E Enabled now

Quote from: defxor on July 31, 2012, 01:01:37 PM

Quote from: Yankee (BitInstant) on July 31, 2012, 09:55:37 AM

It sounds like they also adopted good security practices

Explaining the external use of their LR key with "brute forced" has me worried, I don't see how that's computationally possible: https://bitcointalksearch.org/topic/m.1068030

What additional security practices are put in place in case the hackers are able to extract new replacement keys easily?

They are preparing a full write up for the community including screenshots, ect.

Did this ever happen?

Scott J

legendary

Activity: 1792

Merit: 1000

Quote from: Yankee (BitInstant) on July 31, 2012, 01:58:12 PM

Quote from: finkleshnorts on July 31, 2012, 01:47:57 PM

I'm shocked at how well this has been handled (so far).

So well, in fact, that we may start seeing conspiracies crop up about how btc-e hacked their own site to show how well they handled it. Roll Eyes

haha I was thinking that, for 4500 BTC it could be worth it lol

Hmmm... it does seem to make sense!

cryptoanarchist, get working on some theories Wink

Yankee (BitInstant)

legendary

Activity: 1078

Merit: 1000

Charlie 'Van Bitcoin' Shrem

Quote from: finkleshnorts on July 31, 2012, 01:47:57 PM

I'm shocked at how well this has been handled (so far).

So well, in fact, that we may start seeing conspiracies crop up about how btc-e hacked their own site to show how well they handled it. Roll Eyes

haha I was thinking that, for 4500 BTC it could be worth it lol

cryptoanarchist

legendary

Activity: 1120

Merit: 1003

Quote from: finkleshnorts on July 31, 2012, 01:47:57 PM

I'm shocked at how well this has been handled (so far).

So well, in fact, that we may start seeing conspiracies crop up about how btc-e hacked their own site to show how well they handled it. Roll Eyes

HA! Even if that was the case, that would just prove they were savvy marketers to boot. BTCe has demonstrated to people how things are supposed to get done.

finkleshnorts

sr. member

Activity: 336

Merit: 250

I'm shocked at how well this has been handled (so far).

So well, in fact, that we may start seeing conspiracies crop up about how btc-e hacked their own site to show how well they handled it. Roll Eyes

Yankee (BitInstant)

legendary

Activity: 1078

Merit: 1000

Charlie 'Van Bitcoin' Shrem

Update Bitinstant <--> BTC-E Enabled now

Quote from: defxor on July 31, 2012, 01:01:37 PM

Quote from: Yankee (BitInstant) on July 31, 2012, 09:55:37 AM

It sounds like they also adopted good security practices

Explaining the external use of their LR key with "brute forced" has me worried, I don't see how that's computationally possible: https://bitcointalksearch.org/topic/m.1068030

What additional security practices are put in place in case the hackers are able to extract new replacement keys easily?

They are preparing a full write up for the community including screenshots, ect.

defxor

hero member

Activity: 530

Merit: 500

Quote from: Yankee (BitInstant) on July 31, 2012, 09:55:37 AM

It sounds like they also adopted good security practices

Explaining the external use of their LR key with "brute forced" has me worried, I don't see how that's computationally possible: https://bitcointalksearch.org/topic/m.1068030

What additional security practices are put in place in case the hackers are able to extract new replacement keys easily?

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Quote from: Fiyasko on July 31, 2012, 11:45:37 AM

Damn man... 4500 more btc stolen... If this keeps up hackers are going to be REALLY attracted to bitcoins...

Which only proves that bitcoins are valuable and useful. Exchanges and users will eventually get their act together and start treating Bitcoin with respect.

Fiyasko

legendary

Activity: 1428

Merit: 1001

Okey Dokey Lokey

Damn man... 4500 more btc stolen... If this keeps up hackers are going to be REALLY attracted to bitcoins...

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

I'm very glad this didn't end up terribly. Hope the exchange will recover and move on. Kudos to all involved with prevention and cleanup.

Yankee (BitInstant)

legendary

Activity: 1078

Merit: 1000

Charlie 'Van Bitcoin' Shrem

Quote from: rjk on July 31, 2012, 10:03:58 AM

Hehe, I like your grammar. Either you are extremely overtired, or you have been working with some Russians via a machine translator, or both. Grin

Heh, extremely overtired. Usually Erik proofreads my posts before I post them.

If you want, feel free to correct me and Ill fix it..

/Goes to make coffee

caveden

legendary

Activity: 1106

Merit: 1004

Quote from: Yankee (BitInstant) on July 31, 2012, 09:55:37 AM

however even though trading is resumed we will not be enabling deposits/withdrawals in and out of BTC-e to protect customers funds for the next few hours.

Good decision. It's important to understand how the password leaked to prevent it from happening again.

rjk

sr. member

Activity: 448

Merit: 250

1ngldh

Hehe, I like your grammar. Either you are extremely overtired, or you have been working with some Russians via a machine translator, or both. Grin

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: Yankee (BitInstant) on July 31, 2012, 09:55:37 AM

[7/31/12 10:49:33 AM] btc-e.com: Started trading!

Since the attack started about 8pm Eastern last night, I have been awake until about now (11am EST) working with BTC-e on the investigation.

From the moment they woke up and I broke the news to them, until now they have handled it exeptionally well.

Within only a few hours they posted an update https://btc-e.com/news/81

It sounds like they also adopted good security practices and because of it only lost 4500 BTC.

Bitinstant will resume to work with BTC-E, however even though trading is resumed we will not be enabling deposits/withdrawals in and out of BTC-e to protect customers funds for the next few hours.

Thanks

-Charlie

It's nice to see how it should be done. Kudos to BTC-e!

Yankee (BitInstant)

legendary

Activity: 1078

Merit: 1000

Charlie 'Van Bitcoin' Shrem

[7/31/12 10:49:33 AM] btc-e.com: Started trading!

Since the attack started about 8pm Eastern last night, I have been awake until about now (11am EST) working with BTC-e on the investigation.

From the moment they woke up and I broke the news to them, until now they have handled it exeptionally well.

Within only a few hours they posted an update https://btc-e.com/news/81

It sounds like they also adopted good security practices and because of it only lost 4500 BTC even though the hacker tried stealing upwards of 30000 BTC.
Cold storage is the way to go.

Bitinstant will resume to work with BTC-E, however even though trading is resumed we will not be enabling deposits/withdrawals in and out of BTC-e to protect customers funds for the next few hours. Stay tuned.

EDIT: Bitinstant <--> BTC-E Enabled now

Thanks

-Charlie

Topic: BTC-e Trading Resumed | Bitinstant <--> BTC-E Enabled now (Read 4797 times)