Topic: Bter Hacked! - page 2. (Read 4126 times)
This is the 2nd time a major hack happened to bter.com, the first one was NXT, now we are dealing with a cold wallet hack. Now you begin to question on how the exchanges are really that secured or some fly by night exchanges that will take all your deposits in a flash once it says it was hacked and gone to oblivion.
The owner of the exchange was a criminal before the Bitcoins went 'missing' funny how he is still a criminal with a shed load of bitcoin that people trusted to him with, Myself included but not enough to cry over.
The thing what i keep thinking about if it was him 'inside job' then the alts are probably not safe either and there is millions worth of altcoins on there
We will soon know if the major dumps start happening before we get news from Bter who seem to be very loud
Do you have a source on the owner being a criminal? This is the first I have heard about it and I would think this is something the media would have picked up onThe thing what i keep thinking about if it was him 'inside job' then the alts are probably not safe either and there is millions worth of altcoins on there
We will soon know if the major dumps start happening before we get news from Bter who seem to be very loud
Using phantom BTC to buy into his own ICO coin then dumping on innocent investors is worse than being a criminal but he is both criminal and scum!
Check Bitbay ICO i am not going back and finding links sorry.
EDIT: Felt a little bad i found you a link and you will find the rest if you want to with google! http://cointelegraph.com/news/113238/chat-logs-allegedly-show-bter-creating-and-pumping-its-own-coin
The owner of the exchange was a criminal before the Bitcoins went 'missing' funny how he is still a criminal with a shed load of bitcoin that people trusted to him with, Myself included but not enough to cry over.
The thing what i keep thinking about if it was him 'inside job' then the alts are probably not safe either and there is millions worth of altcoins on there
We will soon know if the major dumps start happening before we get news from Bter who seem to be very loud
Do you have a source on the owner being a criminal? This is the first I have heard about it and I would think this is something the media would have picked up on The thing what i keep thinking about if it was him 'inside job' then the alts are probably not safe either and there is millions worth of altcoins on there
We will soon know if the major dumps start happening before we get news from Bter who seem to be very loud
The owner of the exchange was a criminal before the Bitcoins went 'missing' funny how he is still a criminal with a shed load of bitcoin that people trusted to him with, Myself included but not enough to cry over.
The thing what i keep thinking about if it was him 'inside job' then the alts are probably not safe either and there is millions worth of altcoins on there
We will soon know if the major dumps start happening before we get news from Bter who seem to be very loud
The thing what i keep thinking about if it was him 'inside job' then the alts are probably not safe either and there is millions worth of altcoins on there
We will soon know if the major dumps start happening before we get news from Bter who seem to be very loud
I use exchanges but am well aware they can fold at any time. So I operate accordingly.
Security is getting better, but in the end there will always be hacks
Don't trust third parties to hold your coin
I think it is a stretch to say that your security is getting better when funds in your cold wallet is stolen. Your cold wallet is suppose to be the most safe/secure of everything you are attempting to secure Don't trust third parties to hold your coin
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Silly Money, I agree. But I see here that bter's COLD wallets were hacked. Looks like some very bad random numbers.... very bad..... who knows. However, we're trying to solve these problems with our prototype Wall of Coins: https://wallofcoins.com , which eventually will be entirely decentralized. We'll building towards that ... will take quite a while!
That's the excuse they gave but it was likely an inside job or they were just sloppy with security/safety. If people keep their own coins they don't have to worry about trusting a third party to do so for them.
caesar the ape, i just realized that you were actually asking a question 
i think...? Well what you can do is: educate yourself more on these issues. Bitcoin is a great way to store value, but it's also a huge target. The best thing you can do is get your own wallet, store bitcoin yourself, and only keep bitcoin on another exchange (if you have to) for a very short period of time.
i think...? Well what you can do is: educate yourself more on these issues. Bitcoin is a great way to store value, but it's also a huge target. The best thing you can do is get your own wallet, store bitcoin yourself, and only keep bitcoin on another exchange (if you have to) for a very short period of time. How can we really protect ourselves from this hackers. If this couldnt be solved then Bitcoin will not even reach 2 years.
Don't send your coins to dodgy exchanges? Use decentralised ones that let you hold on to your own coins until it is time to sell.
What good ones are there that do that and let you trade in alts?
https://bitin.io/
How about one like that? Only has a handful of alts currently, though. There doesn't seem to be many decentralized exchanges currently but this will all change over time. I think most bitcoin related infrastructure will move to decentralization eventually - markets, exchanges, even possibly forums and social networks.
Silly Money, I agree. But I see here that bter's COLD wallets were hacked. Looks like some very bad random numbers.... very bad..... who knows. However, we're trying to solve these problems with our prototype Wall of Coins: https://wallofcoins.com , which eventually will be entirely decentralized. We'll building towards that ... will take quite a while!
Bitcoin talk post on it if you're interested...would *love* any feedback to consider, and criticism is more than welcome:
https://bitcointalksearch.org/topic/wall-of-coins-instantly-buy-or-sell-bitcoin-direct-812397
there is not any safe invesment methot
it's sad fot bitcoin world
because of this bitcoin prices will down
it's sad fot bitcoin world
because of this bitcoin prices will down
How can we really protect ourselves from this hackers. If this couldnt be solved then Bitcoin will not even reach 2 years.
Don't send your coins to dodgy exchanges? Use decentralised ones that let you hold on to your own coins until it is time to sell.
What good ones are there that do that and let you trade in alts?
https://bitin.io/
How about one like that? Only has a handful of alts currently, though. There doesn't seem to be many decentralized exchanges currently but this will all change over time. I think most bitcoin related infrastructure will move to decentralization eventually - markets, exchanges, even possibly forums and social networks.
How can we really protect ourselves from this hackers. If this couldnt be solved then Bitcoin will not even reach 2 years.
Don't send your coins to dodgy exchanges? Use decentralised ones that let you hold on to your own coins until it is time to sell.
What good ones are there that do that and let you trade in alts?
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Activity: 3990
Merit: 2713
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How can we really protect ourselves from this hackers. If this couldnt be solved then Bitcoin will not even reach 2 years.
Don't send your coins to dodgy exchanges? Use decentralised ones that let you hold on to your own coins until it is time to sell.
Security is getting better, but in the end there will always be hacks
Don't trust third parties to hold your coin
Don't trust third parties to hold your coin
Yes mate..! I never trust the 3rd party enough to have a large sum of coins into it..!
Security is getting better, but in the end there will always be hacks
Don't trust third parties to hold your coin
Don't trust third parties to hold your coin
Yes mate..! I never trust the 3rd party enough to have a large sum of coins into it..!
Security is getting better, but in the end there will always be hacks
Don't trust third parties to hold your coin
Don't trust third parties to hold your coin
yes I am sure there are "in" for doing all of this, when security is pretty good.
Now I do not dare to save a lot of money in the exchanger
Security is getting better, but in the end there will always be hacks
Don't trust third parties to hold your coin
Don't trust third parties to hold your coin
And still you are pretty late to bring the news about it being hacked 
China-based Bitcoin Exchange, The Latest Victim of Hacking Incident
http://bitforum.info/t/china-based-bitcoin-exchange-the-latest-victim-of-hacking-incident/289
Last time it was Mycoin, now another asia-based bitcoin exchange.
How can we really protect ourselves from this hackers. If this couldnt be solved then Bitcoin will not even reach 2 years.
bitcoin has more than 5 years already..http://bitforum.info/t/china-based-bitcoin-exchange-the-latest-victim-of-hacking-incident/289
Last time it was Mycoin, now another asia-based bitcoin exchange.
How can we really protect ourselves from this hackers. If this couldnt be solved then Bitcoin will not even reach 2 years.
and worse things happened with BTC and it is still alive.
I think OP needs to study some BTC history to put things in perspective
China-based Bitcoin Exchange, The Latest Victim of Hacking Incident
http://bitforum.info/t/china-based-bitcoin-exchange-the-latest-victim-of-hacking-incident/289
Last time it was Mycoin, now another asia-based bitcoin exchange.
How can we really protect ourselves from this hackers. If this couldnt be solved then Bitcoin will not even reach 2 years.
bitcoin has more than 5 years already.. http://bitforum.info/t/china-based-bitcoin-exchange-the-latest-victim-of-hacking-incident/289
Last time it was Mycoin, now another asia-based bitcoin exchange.
How can we really protect ourselves from this hackers. If this couldnt be solved then Bitcoin will not even reach 2 years.
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