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Topic: bter hacked and lost 50m nxt - page 8. (Read 25511 times)

hero member
Activity: 854
Merit: 1001
August 17, 2014, 12:30:25 PM
The theft vector was pretty much the same as it always is: weak password security, this time on BTER.
So, the loss had nothing to do with the NXT technology.

The problem with doing a rollback to correct a human mistake is the question of where do you draw the line?
Today a rollback for BTER, then what ? Rollback every time something happens we don't like ?

And I need to keep pointing this out:
Devs on their own could NOT force a rollback: a majority of the community would have to actively support the revised blockchain via forging.

Anyhow, good result for NXT, and a narrow escape for BTER.


A good deal for BTER. 42M NXT worth around 1.3M dollars and 440 BTC only worth around 220k dollars.

Still, won't it be cheaper to convince NXT developers to rollback the transaction and threaten to pass the cost back NXT investors?


No...it wouldn't... You can't rollback the blockchain every time someone drops the ball on a big pile of NXT.
We're playing by big boy rules now.

Big boy rules means bankers and Currency gets bailed. :rolleyes:

Ok, big boy crypto rules......much more integrity than the average bankster.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
August 17, 2014, 11:47:10 AM

The hacker just returned 12 1/3 Million additional NXT to BTER.

I am wondering what make him return 20% of what he stole. Did NXT developer threaten to rollback the transaction?

He returned 42 M NXT because BTER made a deal with him and apparently paid him 440 BTC

A good deal for BTER. 42M NXT worth around 1.3M dollars and 440 BTC only worth around 220k dollars.

Still, won't it be cheaper to convince NXT developers to rollback the transaction and threaten to pass the cost back NXT investors?


Unpopular opinion, but i think NXT devs should of been a bigger man here and step up with rollback.

It all depends on the method that was used to steal the coins in the first place, but since NXT is still rather small , it wouldnt be so hard to roll back the transactions.
I would never pay thief to return funds, i would rather put a bounty on his head for the same amount.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
August 17, 2014, 11:21:23 AM

The hacker just returned 12 1/3 Million additional NXT to BTER.

I am wondering what make him return 20% of what he stole. Did NXT developer threaten to rollback the transaction?

He returned 42 M NXT because BTER made a deal with him and apparently paid him 440 BTC

A good deal for BTER. 42M NXT worth around 1.3M dollars and 440 BTC only worth around 220k dollars.

Still, won't it be cheaper to convince NXT developers to rollback the transaction and threaten to pass the cost back NXT investors?


No...it wouldn't... You can't rollback the blockchain every time someone drops the ball on a big pile of NXT.
We're playing by big boy rules now.

Big boy rules means bankers and Currency gets bailed. :rolleyes:
hero member
Activity: 854
Merit: 1001
August 17, 2014, 09:42:45 AM

The hacker just returned 12 1/3 Million additional NXT to BTER.

I am wondering what make him return 20% of what he stole. Did NXT developer threaten to rollback the transaction?

He returned 42 M NXT because BTER made a deal with him and apparently paid him 440 BTC

A good deal for BTER. 42M NXT worth around 1.3M dollars and 440 BTC only worth around 220k dollars.

Still, won't it be cheaper to convince NXT developers to rollback the transaction and threaten to pass the cost back NXT investors?


No...it wouldn't... You can't rollback the blockchain every time someone drops the ball on a big pile of NXT.
We're playing by big boy rules now.
hero member
Activity: 700
Merit: 520
August 17, 2014, 05:35:38 AM
NXT holders are no retards

R U sure about that?   i am not so sure. Spoetnik Approved™

~CfA™~
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
August 17, 2014, 05:34:49 AM

The hacker just returned 12 1/3 Million additional NXT to BTER.

I am wondering what make him return 20% of what he stole. Did NXT developer threaten to rollback the transaction?

He returned 42 M NXT because BTER made a deal with him and apparently paid him 440 BTC

A good deal for BTER. 42M NXT worth around 1.3M dollars and 440 BTC only worth around 220k dollars.

Still, won't it be cheaper to convince NXT developers to rollback the transaction and threaten to pass the cost back NXT investors?


You mean for BTER? Yeah sure it would have been. But NXT holders are no retards and know how big of damage a rolllback would be.
full member
Activity: 350
Merit: 104
August 17, 2014, 05:33:21 AM

The hacker just returned 12 1/3 Million additional NXT to BTER.

I am wondering what make him return 20% of what he stole. Did NXT developer threaten to rollback the transaction?

He returned 42 M NXT because BTER made a deal with him and apparently paid him 440 BTC

A good deal for BTER. 42M NXT worth around 1.3M dollars and 440 BTC only worth around 220k dollars.

Still, won't it be cheaper to convince NXT developers to rollback the transaction and threaten to pass the cost back NXT investors?
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
August 17, 2014, 05:26:43 AM

The hacker just returned 12 1/3 Million additional NXT to BTER.

I am wondering what make him return 20% of what he stole. Did NXT developer threaten to rollback the transaction?

He returned 42 M NXT because BTER made a deal with him and apparently paid him 440 BTC
full member
Activity: 306
Merit: 102
August 17, 2014, 05:23:00 AM

The hacker just returned 12 1/3 Million additional NXT to BTER.

I am wondering what make him return 20% of what he stole. Did NXT developer threaten to rollback the transaction?
sr. member
Activity: 336
Merit: 260
August 17, 2014, 05:18:57 AM
He'll probably keep both.
hero member
Activity: 715
Merit: 500
August 17, 2014, 05:16:40 AM

The hacker just returned 12 1/3 Million additional NXT to BTER.

+ 6 Mil
...

+ 10 Mil

Which about solves it.  Smiley

That's good news, how many Nxt does the hacker still have left to return?

about 8M

well, he said he believes in NXT, so he probably won't return it.

He should return the stolen Nxt and buy Nxt from his ransom BTC. That would be more appropriate imo.
sr. member
Activity: 336
Merit: 260
August 17, 2014, 05:14:20 AM

The hacker just returned 12 1/3 Million additional NXT to BTER.

+ 6 Mil
...

+ 10 Mil

Which about solves it.  Smiley

That's good news, how many Nxt does the hacker still have left to return?

about 8M

well, he said he believes in NXT, so he probably won't return it.
hero member
Activity: 715
Merit: 500
August 17, 2014, 05:13:43 AM

The hacker just returned 12 1/3 Million additional NXT to BTER.

+ 6 Mil
...

+ 10 Mil

Which about solves it.  Smiley

That's good news, how many Nxt does the hacker still have left to return?

about 8M
sr. member
Activity: 298
Merit: 253
August 17, 2014, 05:10:33 AM

The hacker just returned 12 1/3 Million additional NXT to BTER.

+ 6 Mil
...

+ 10 Mil

Which about solves it.  Smiley

That's good news, how many Nxt does the hacker still have left to return?
sr. member
Activity: 350
Merit: 255
August 17, 2014, 04:55:58 AM
"hacked"
yeah right
sr. member
Activity: 336
Merit: 260
August 17, 2014, 04:49:09 AM
Yes what? You will keep coins at centralized exchanges? Well, good luck then Smiley
hero member
Activity: 700
Merit: 520
August 17, 2014, 04:47:16 AM
Are you guys going to keep coins at centralized exchanges now? Wink

yes  we dont trust ur NXT scam exchange.  decentralized my ass.    Spoetnik Approved™

~CfA™~
sr. member
Activity: 336
Merit: 260
August 17, 2014, 04:45:06 AM
Are you guys going to keep coins at centralized exchanges now? Wink
member
Activity: 81
Merit: 10
August 17, 2014, 12:24:45 AM
Looks like this could end with a "happy" ending.

hacker getting (likely) bonus btc...bter get's at least most of their NXT back. win-win Smiley
member
Activity: 76
Merit: 10
August 17, 2014, 12:07:10 AM

The hacker just returned 12 1/3 Million additional NXT to BTER.

+ 6 Mil
...

+ 10 Mil

Which about solves it.  Smiley
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