BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 56.

tee-rex

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Quote from: redsn0w on February 19, 2015, 04:47:53 AM

Quote from: TetraHect0rCannabinol on February 19, 2015, 12:40:47 AM

this sucks, I really liked bter aswell, hopefully they release a report so we can lookout for their fuck up in the future

We are still waiting a "full" report of what is happened that day. I hope they will post it as soon as possible.

Having witnessed such a blatant disregard and neglect towards their customers this is quite unlikely, even if they return all the money in the end.

redsn0w

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#Free market

Quote from: TetraHect0rCannabinol on February 19, 2015, 12:40:47 AM

this sucks, I really liked bter aswell, hopefully they release a report so we can lookout for their fuck up in the future

We are still waiting a "full" report of what is happened that day. I hope they will post it as soon as possible.

TetraHect0rCannabinol

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Twitter -> @z0rius

this sucks, I really liked bter aswell, hopefully they release a report so we can lookout for their fuck up in the future

WEBcreator

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Quote from: feryjhie on February 18, 2015, 11:47:55 PM

Will this make the price of bitcoind down ?

for the moment no, they will put the money in the wallet for a long time, perhaps month, until people forget about this and start moving it to exchanger, moving it now is pretty risky

slacknation

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Quote from: Borisz on February 18, 2015, 03:36:18 PM

Quote from: thunderjet on February 18, 2015, 02:11:29 PM

Quote from: redsn0w on February 18, 2015, 12:27:49 PM

Another "site has lost" 3'000 bitcoins , here more information : https://bitcointalksearch.org/topic/kipcoin-lost-3000-btc-and-shutdown-959767
(someone from you know the chinese language , it would be interesting translate this document - http://weibo.com/p/1001603811406934850153).

Old BTC theft, from May 2014,but the way hackers did it looks very similar to BTER theft. Unfortunately, BTER site is not at dedicated servers,but on same servers as hundreds of other websites.It made significantly easier for hackers to robbed them.

Would it matter where they host their web services if a cold wallet was compromised that was supposedly not there?

it does, for bter, the private key of the cold wallet was not compromised
the process of transferring bitcoins into hot wallets was compromised so in a sense if you are hosted on a non secure platform, your hot wallet address could be changed to empty your cold wallet

feryjhie

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Will this make the price of bitcoind down ?

tee-rex

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Quote from: Cassius on February 18, 2015, 04:43:05 PM

Quote from: tee-rex on February 18, 2015, 03:38:54 PM

High time to develop a cryptocurrency specifically suited for trading at exchanges without losing hold of it until the deal is stricken. Is this ever possible if only in theory?

InstantDEX will launch in beta on Friday. Distributed near-realtime exchange. Should solve a few problems.
Crypto is supposed to be decentralised: that's the point. You don't solve the problems of centralisation by created better centralised exchanges.

Thanx for the info. Will certainly try it out when it opens. I hope the orders at such an exchange will be executed as smooth.

Quote from: abyrnes81 on February 18, 2015, 04:45:58 PM

They still don't reply to me, I'm very sad and I don't know what should I do.

The best thing is to forget about the money for the moment.

abyrnes81

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They still don't reply to me, I'm very sad and I don't know what should I do.

Cassius

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Quote from: tee-rex on February 18, 2015, 03:38:54 PM

High time to develop a cryptocurrency specifically suited for trading at exchanges without losing hold of it until the deal is stricken. Is this ever possible if only in theory?

InstantDEX will launch in beta on Friday. Distributed near-realtime exchange. Should solve a few problems.
Crypto is supposed to be decentralised: that's the point. You don't solve the problems of centralisation by created better centralised exchanges.

tee-rex

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Merit: 526

High time to develop a cryptocurrency specifically suited for trading at exchanges without losing hold of it until the deal is stricken. Is this ever possible if only in theory?

Borisz

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Quote from: thunderjet on February 18, 2015, 02:11:29 PM

Quote from: redsn0w on February 18, 2015, 12:27:49 PM

Another "site has lost" 3'000 bitcoins , here more information : https://bitcointalksearch.org/topic/kipcoin-lost-3000-btc-and-shutdown-959767
(someone from you know the chinese language , it would be interesting translate this document - http://weibo.com/p/1001603811406934850153).

Old BTC theft, from May 2014,but the way hackers did it looks very similar to BTER theft. Unfortunately, BTER site is not at dedicated servers,but on same servers as hundreds of other websites.It made significantly easier for hackers to robbed them.

Would it matter where they host their web services if a cold wallet was compromised that was supposedly not there?

thunderjet

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Activity: 916

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Quote from: redsn0w on February 18, 2015, 12:27:49 PM

Another "site has lost" 3'000 bitcoins , here more information : https://bitcointalksearch.org/topic/kipcoin-lost-3000-btc-and-shutdown-959767
(someone from you know the chinese language , it would be interesting translate this document - http://weibo.com/p/1001603811406934850153).

Old BTC theft, from May 2014,but the way hackers did it looks very similar to BTER theft. Unfortunately, BTER site is not at dedicated servers,but on same servers as hundreds of other websites.It made significantly easier for hackers to robbed them.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Another "site has lost" 3'000 bitcoins , here more information : https://bitcointalksearch.org/topic/kipcoin-lost-3000-btc-and-shutdown-959767
(someone from you know the chinese language , it would be interesting translate this document - http://weibo.com/p/1001603811406934850153).

tee-rex

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Activity: 742

Merit: 526

Quote from: WEBcreator on February 18, 2015, 11:50:12 AM

Quote from: Cassius on February 18, 2015, 11:17:29 AM

Quote from: WEBcreator on February 18, 2015, 11:10:32 AM

Quote from: Cassius on February 18, 2015, 11:03:53 AM

Quote from: verdun2003 on February 18, 2015, 09:50:16 AM

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information ([email protected]).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

do you mean a code of " I think we are done here and its time to unplug the cable and grab what we could grab Tongue

" i personally think that way, since bter is shady especially after the bitbay ICO issue

It's really impossible to know. My impressions so far (based on the NXT hack and impressions of the Bitbay thing from people I trust) have been that they have been incompetent, naive and a little too easy to push around rather than downright dishonest. What they do to make good on this will be telling, though the fact is they just can't cover $1.75 million.
The fact that a bunch of other exchanges were hit and BTER was first makes it harder for me to think it was all down to the management there (rogue employees is entirely another matter).

indeed there are bunch of issue with bter anyway, lets hope what they stated will be true, since i read in twitter that they gonna find a way to compensate the loss of their customer

If the thief doesn't return the stolen funds for a ransom, the only other thing that could save them as an exchange is a buyout by some venture capitalist with deep pockets (that seems to be what they presently opt and hope for). To tell the truth, trading at Bter was fun.

Cassius

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Quote from: altsay on February 18, 2015, 11:51:45 AM

Luckily i had my coins on alts there and got 0 BTC.

Yet i'm not hopeful for the alts either, since the previous NXT hack was resolved by a "woman's touch". It's a dream, let alone wishful thinking, to expect the same thing to happen again.

Different situation. The hacker needed BTC because you can't sell 50m NXT without crashing the market. He settled for much less of a liquid currency.
In this case, he stole BTC. Unless they have a lead on his id, there's nothing to negotiate.
Alts are still there, in their cold wallets. What becomes of them...? Haircuts for all customers, release of all funds, gradual withdrawals to avoid panic and to maintain trading - who knows?

altsay

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Luckily i had my coins on alts there and got 0 BTC.

Yet i'm not hopeful for the alts either, since the previous NXT hack was resolved by a "woman's touch". It's a dream, let alone wishful thinking, to expect the same thing to happen again.

WEBcreator

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Activity: 840

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Quote from: Cassius on February 18, 2015, 11:17:29 AM

Quote from: WEBcreator on February 18, 2015, 11:10:32 AM

Quote from: Cassius on February 18, 2015, 11:03:53 AM

Quote from: verdun2003 on February 18, 2015, 09:50:16 AM

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information ([email protected]).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

do you mean a code of " I think we are done here and its time to unplug the cable and grab what we could grab Tongue

" i personally think that way, since bter is shady especially after the bitbay ICO issue

It's really impossible to know. My impressions so far (based on the NXT hack and impressions of the Bitbay thing from people I trust) have been that they have been incompetent, naive and a little too easy to push around rather than downright dishonest. What they do to make good on this will be telling, though the fact is they just can't cover $1.75 million.
The fact that a bunch of other exchanges were hit and BTER was first makes it harder for me to think it was all down to the management there (rogue employees is entirely another matter).

indeed there are bunch of issue with bter anyway, lets hope what they stated will be true, since i read in twitter that they gonna find a way to compensate the loss of their customer

Cassius

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Activity: 1764

Merit: 1031

Quote from: verdun2003 on February 18, 2015, 11:35:23 AM

Quote from: Cassius on February 18, 2015, 11:03:53 AM

Quote from: verdun2003 on February 18, 2015, 09:50:16 AM

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information ([email protected]).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

I know of 3 exchanges hacked that week-end- would you have the name of the 5 exchanges?

Plus, I believe it doesn't dispense them to provide proof of what they are claiming to the Bter users who lost almost 2 million USD.

http://bitcoinblogs.net/bter-not-alone-other-bitcoin-exchanges-go-silent/?utm_source=twitterfeed&utm_medium=twitter&utm_term=%23bitcoin+%23bitcoinmining+%23howtominebitcoins
CCEDK also got DDOS'ed. There may have been others.
It doesn't absolve them of providing proof. But it's an interesting twist.

verdun2003

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Activity: 308

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Quote from: Cassius on February 18, 2015, 11:03:53 AM

Quote from: verdun2003 on February 18, 2015, 09:50:16 AM

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information ([email protected]).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

I know of 3 exchanges hacked that week-end- would you have the name of the 5 exchanges?

Plus, I believe it doesn't dispense them to provide proof of what they are claiming to the Bter users who lost almost 2 million USD.

Cassius

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Activity: 1764

Merit: 1031

Quote from: WEBcreator on February 18, 2015, 11:10:32 AM

Quote from: Cassius on February 18, 2015, 11:03:53 AM

Quote from: verdun2003 on February 18, 2015, 09:50:16 AM

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information ([email protected]).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

do you mean a code of " I think we are done here and its time to unplug the cable and grab what we could grab Tongue

" i personally think that way, since bter is shady especially after the bitbay ICO issue

It's really impossible to know. My impressions so far (based on the NXT hack and impressions of the Bitbay thing from people I trust) have been that they have been incompetent, naive and a little too easy to push around rather than downright dishonest. What they do to make good on this will be telling, though the fact is they just can't cover $1.75 million.
The fact that a bunch of other exchanges were hit and BTER was first makes it harder for me to think it was all down to the management there (rogue employees is entirely another matter).

Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 56. (Read 119723 times)