Topic: BTCSYN reports a $12k (1,852 BTC) theft (Read 3903 times)

I hold a few shares of BTCSYN, was looking at the old motions and then wondering at the recent buy/sell activity. Funnily, I wasn't too happy with the liquidate current FPGAs motion when I read it. Turns out that is the source of the stolen funds. May I ask what the reasoning was behind that move? The Cairnsmore1 devices don't even have a full working bitstream yet.

Glasswalker continuing to work to make BTCSYN whole and also posting a copy of the police report would help reduce the fallout from this.

+1

He'll just need to eat up the losses as his own, and repay the investors anyway.

You're an asshole.

@#%^%$ amateur - "My password was re-used on 3-4 sites only, and most of those are full financial institutions." "I now no-longer repeat ANY passwords ANYWHERE."

Losing other peoples money and lol about this at irc. ****bag

After 24 hours I regret calling you an asshole, scumbag an fucking amature. Sorry for that, I was upset and angry.

and I guess I just need to learn to stay away from investments that use the word SIN or SYN

I know I said I wouldn't be back (and I was referring to this thread by the way, because it had turned into a witch-hunt), but this post was very well written. Thank you. (and the above audit is very similar to my situation prior to the overhaul which this incident prompted for me).

And to answer, no I didn't even have a linkedin account, (I believe there was one created for me ages ago by my employer, but I didn't even control the account, let alone set it's password).

As for the bank compromise, yes, it's a possibility. But I have yet to see verification of any of the banks I deal with being "on the list". I know most of the attackes seem to be euro-centric. But one report does say it spilled into north america as well, but didn't elaborate on what banks.

It seemed the attack was focused on stealing money specifically from high balance accounts at those banks, but I suspect stealing other valuable assets was done as well (such as passwords).

Everyone should take time to do the above

So I did a security audit on myself.

I have 108 passwords word with an average password length of 21 chrs.
I have 5 duplicate passwords, if you really want to hack my pandora play list go ahead!
I currently have 9 google auth or ubikey enabled accounts.
I have 2 weak passwords.

I've had accounts where I have to change my password every 7 days and couldn't reuse a password in the last 6 months.

I have a feeling since he reused a password with multiple banks it was stolen from a bank. I just saw like 2 weeks ago that 60-70 banks got breached.
maybe a password hash list was stolen from a bank.

I know my linkedin password was stolen because I checked via there hash database that was released.

i wonder if the same password on the linkedin account and mtgox.

Maybe i'm paranoid or I should start doing more computer security consulting lol.

and please don't take my comments about BTCSYN as negative, I think they are one of the best run assets and I tried to copy them whenever possible and I personally was a shareholder.

Or 134.99.64.103 according to http://blockchain.info/tx-index/11254677/4c61d3639f010e30ad305b294cd128f381f58fc161d0badda1f39807dc2f12f7

So has anyone poked around on 130.83.54.115 yet? I haven't done much looking other than to see whether it is a Tor node (it isn't).

Yep

Seems unlikely to go through the effort of getting verifid without also getting a yubikey. Glasswalker never mentions being verified either. Although his suspicions that it was an insider are interesting..

I think that too many of these mtgox thefts are due to rather simple keyloggers/botnets. Mtgox logins are by now standard targets for any botnet operator. But users always insist they are safe because they run an Anti-Virus program. Even the mining-botnet operator in the reddit AMA explained that he uses a fully-undetectable trojan that AV programs dont detect.

There is but you can have it raised if verified.  I think it is 4,000 BTC for lvl2 and 40,000 BTC for lvl3.

*sigh* Well, if it had been stolen, he/she just bought 12k worth of knowledge that I could have gave for free.

I thougt there was a 400 btc per 24 hr withdrawal limit (by default)...

Oh my now it makes alot more sense why Glaswalker could throw in , "LOL's" during his claim for theft on #mtgox channel.

I couldnt understand at the time why he would at all use LOL inbetween his supposed anger towards losing his 5 figure sum, now I see its money that didnt belong to him, convenient indeed.

At the time it didnt seem like he thought of it as alot of money so surely he can cover it since its his fault and not that of his investors. Passing the duffel bag is more than a crime, its a pure shakaru move.

Didn't see that.  Wow.  Pretty obvious what happened here now.

I do hope you took a pic of that police report or have some way to prove you actually went to the cops...if it was me I would have taken a pic of it on my phone

Yes they are negligent.

Also, if you've done nothing wrong then allow trading to resume and let people "cash out".

Few points:

I don't work in the security field, but most of these so called security experts are morons. And you are right - they are lazy, if it isn't inconvenient for them they wouldn't do a thing. My fiat bank has two factor authentication for the last 8 years.

Stealing money is a crime too, filing the report doesn't clear you of anything - specifically negligence.

To speak up here and to bring a bit more info into this thread:

- While I know re-using passwords and not using 2 factor is not best-practice. It's hardly industry standard behavior. I've worked in computer security for 15 years, and many seasoned professionals do take the route of "good enough" for a balance of convenience. I've now learned from that mistake and all accounts that support it are 2 factor and randomly generated extremely strong (32char+ random upper/lower/numeric/special) passwords, with zero repeats. While many might like to claim this was shocking and horrible, keep in mind that account is usually used to shift money through quickly, and it was a strong password, only re-used at a few other high security large banks (fiat banks). Also 2 factor is far from standard, I've answered that comment in our own forums. I'm not disputing those things would have (likely) helped in this case, but I'm saying they were a very far cry from being grossly negligent.

- I've already got a formal case opened with local police. Which filing a false police report is a crime here. So if I had done it myself do you think I would have initiated a full investigation into the incident which could result in finding me responsible, and not only result in fraud charges, but charges for false police report? (extending the likely jail time I would serve). No... I'm doing my best to resolve this.

- I've also reported it to mtgox, and glbse right away, I've had MagicalTux and Nefario involved from early on, and I have both of their support in continuing the investigation (and they will be cooperating fully with law enforcement).

- I have documentation of everything that can be documented at this point.

- I'm doing everything I can to work through this. If there is anything else I can do to prove to anyone that I am not the criminal here, Let me know what it is, but unfortunately due to the nature of bitcoin, it's going to be difficult.

Why is it this community automatically assumes that if someone was robbed, they did it to themselves as a scam? I've got a lot of time, energy and my own money involved in trying to make the syndicate a success, and this is hitting me as hard as everyone else for that reason alone. Add to the fact that I'm the one who has to deal with it, investigate, document, and work with police. I'm also the one who has to come up with a plan of action to resolve it, and then add to that everyone else slinging accusations at me. If you think you're pissed about the circumstances, how do you think I feel?

Anyway, I'm going to refrain from getting further involved in this thread, I'm glad someone made a seperate announcement to bring attention to it, but it's quickly devolving into a lynch mob, so I won't be back... I'll try my best to answer questions in the main forum thread at btcsyn, and on the main thread for btcsyn here.

Thanks.