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Topic: BTC-E.COM NICE RECOVERY FROM THE HACK! =) - page 11. (Read 51029 times)

sr. member
Activity: 457
Merit: 250
Look for the bear necessities!!
Why can't I talk in btc-e chat?
legendary
Activity: 1246
Merit: 1077
It is only remotely likely that the VPS was compromised. If it was, there would be more constructive things for the hacker to do than buy up all those coins. The hacker obviously isn't stupid, so the chance the VPS was compromised is low.

Given the bitcoinica hack, you shouldn't build your exchange on a VPS?
And the chances that BTC-E cares, much less heeds, security advice is?
legendary
Activity: 980
Merit: 1014
It is only remotely likely that the VPS was compromised. If it was, there would be more constructive things for the hacker to do than buy up all those coins. The hacker obviously isn't stupid, so the chance the VPS was compromised is low.

Given the bitcoinica hack, you shouldn't build your exchange on a VPS?
legendary
Activity: 1246
Merit: 1077
Clearly, Mr. Wubbles is trolling. He claimed he:

Code:
MrWubbles: I stole the exchanges coin
MrWubbles: in their cold storage wallet

Firstly, it is unlikely btc-e has a cold storage wallet. Secondly, you'd have to be a moron to believe that it can be stolen (as that would require physical access to the computer.

Agreed, unlikely they have cold storage.

However, there may be people who have backups of the cold storage wallet on the same live system, and if the vps (if it runs on a vps) is compromised, there may be clues leading to further compromise of personal computers for instance, if more servers are used.

Poor admin (unless he's in on it of course)
It is only remotely likely that the VPS was compromised. If it was, there would be more constructive things for the hacker to do than buy up all those coins. The hacker obviously isn't stupid, so the chance the VPS was compromised is low.
legendary
Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
Checkmate BTC-e!
hero member
Activity: 868
Merit: 1000
Clearly, Mr. Wubbles is trolling. He claimed he:

Code:
MrWubbles: I stole the exchanges coin
MrWubbles: in their cold storage wallet

Firstly, it is unlikely btc-e has a cold storage wallet. Secondly, you'd have to be a moron to believe that it can be stolen (as that would require physical access to the computer.

Agreed, unlikely they have cold storage.

However, there may be people who have backups of the cold storage wallet on the same live system, and if the vps (if it runs on a vps) is compromised, there may be clues leading to further compromise of personal computers for instance, if more servers are used.

Poor admin (unless he's in on it of course)
legendary
Activity: 966
Merit: 1003
I like how on the BTC-E page it says:

"Our advantages:

 •Trading in automatic mode.
•Addition USD deposits within 24 hour
Instant deposit/withdrawal all coin
•USD Withdrawal within 24 hours
"

Yup really advantageous..
legendary
Activity: 1246
Merit: 1077

Firstly, it is unlikely btc-e has a cold storage wallet. Secondly, you'd have to be a moron to believe that it can be stolen (as that would require physical access to the computer.

Why is it unlikely btc-e have no cold storage wallet. Doesn't all exchange have a cold wallet?
Btc-e does not have a good track record for security. Considering a SQL injection likely killed them, a cold wallet would be surprising.
legendary
Activity: 938
Merit: 1000
What's a GPU?
MrWubbles is the self proclaimed hacker, and look what he has to say...

legendary
Activity: 980
Merit: 1014

Firstly, it is unlikely btc-e has a cold storage wallet. Secondly, you'd have to be a moron to believe that it can be stolen (as that would require physical access to the computer.

Why is it unlikely btc-e have no cold storage wallet. Doesn't all exchange have a cold wallet?
legendary
Activity: 1246
Merit: 1077
Clearly, Mr. Wubbles is trolling. He claimed he:

Code:
MrWubbles: I stole the exchanges coin
MrWubbles: in their cold storage wallet

Firstly, it is unlikely btc-e has a cold storage wallet. Secondly, you'd have to be a moron to believe that it can be stolen (as that would require physical access to the computer.
newbie
Activity: 14
Merit: 0
You don't use MySQL or any database template for finances. You can't go any less than custom for these types of things.

BTC-E learned the hard way.
legendary
Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
Why the btc-e is still running?!?!
They have not woken up yet; it's still 7:47 in Moscow.

Any luck on your withdrawal? You should be hoping BTC-E still runs!

Still pending somewhere at BTC-e subsystem/queue... Thanks for asking!  ^^
It still runs but, seems useless... Right?!  :-P
legendary
Activity: 980
Merit: 1014
Huge spam of small transfers just stopped on bitcoin monitor

Wonder what that means? Are the bitcoin holders who have an account there are made whole or wut? Seems unlikely to me.
legendary
Activity: 1246
Merit: 1077
So what that means if you will very soon see HYPER INFLATION on the BTC-E exchange.  Think of BTC as the "goods" in the BTC-E economy.  The BTC-E USD money supply has been massively inflated but the amount of "goods" (BTC) hasn't.  This is the recipe for massive inflation.  It was inflated by the hacker/counterfeiter.  Normally we think of central banks as the one doing inflating and generally that is true in major economies however any increase in money supply  (even illegal ones like counterfeiting) causes inflation  As people realize this they will dump USD for BTC driving the price higher and higher and higher.  $50, $100, $500, maybe even $25,000 USD per BTC.
By the way, there is a hard cap at $99.99 USD per BTC. So, unfortunately, that will be the equilibrium price. The rest of the BTC will not be sold.
legendary
Activity: 980
Merit: 1014
The owner is up for a rude awakening.
full member
Activity: 193
Merit: 100
Why the btc-e is still running?!?!

The owner is sleeping, and they have no contact info.
legendary
Activity: 1246
Merit: 1077
Why the btc-e is still running?!?!
They have not woken up yet; it's still 7:47 in Moscow.

Any luck on your withdrawal? You should be hoping BTC-E still runs!
legendary
Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
Why the btc-e is still running?!?!
legendary
Activity: 1246
Merit: 1077
Maybe btce had their own reserve stacked on the sells, thats a lot of coins.
That would be a disaster. If true, even BTC will fail to maintain value.
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