BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 59.

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: Borisz on February 17, 2015, 04:33:25 PM

Quote from: tee-rex on February 17, 2015, 04:19:04 PM

Quote from: gentlemand on February 17, 2015, 02:13:33 PM

Quote from: mishax1 on February 17, 2015, 02:07:55 PM

Is there a Chinese Bitcoin Embassy ?

Probably in a quiet corner of a labour camp somewhere.

And the Bter staff are being interrogated by the officials for the second day in a row, and there is no one there to update the message or reply the emails (rubbing my eyes).

Or they are actually working on a solution and not posting bogus information in the meanwhile. Assuming the best-case scenario.

I mean, if they lost the coins and trying to get it back, what (apart from the bounty) extra information should they give? Probably having legal issues as well/police matter apart from a huge money loss.

Anyway, I keep an eye on their website and check it a few times a day hoping for some info. That's all I can do.

The thief (whoever him be) made himself heard of, one wallet has been split once again and 500 bitcoins seem to have gone through a mixer. I think this might be a fatal mistake on his part and he will finally be tracked down if not yet already.

Borisz

sr. member

Activity: 476

Merit: 251

Quote from: abyrnes81 on February 17, 2015, 04:29:52 PM

I sent him an email but they don't reply to me Undecided

, this is not "cool".

I guess they must be receiving thousands of emails about this.

Borisz

sr. member

Activity: 476

Merit: 251

Quote from: tee-rex on February 17, 2015, 04:19:04 PM

Quote from: gentlemand on February 17, 2015, 02:13:33 PM

Quote from: mishax1 on February 17, 2015, 02:07:55 PM

Is there a Chinese Bitcoin Embassy ?

Probably in a quiet corner of a labour camp somewhere.

And the Bter staff are being interrogated by the officials for the second day in a row, and there is no one there to update the message or reply the emails (rubbing my eyes).

Or they are actually working on a solution and not posting bogus information in the meanwhile. Assuming the best-case scenario.

I mean, if they lost the coins and trying to get it back, what (apart from the bounty) extra information should they give? Probably having legal issues as well/police matter apart from a huge money loss.

Anyway, I keep an eye on their website and check it a few times a day hoping for some info. That's all I can do.

abyrnes81

hero member

Activity: 714

Merit: 500

I sent him an email but they don't reply to me Undecided

, this is not "cool".

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: gentlemand on February 17, 2015, 02:13:33 PM

Quote from: mishax1 on February 17, 2015, 02:07:55 PM

Is there a Chinese Bitcoin Embassy ?

Probably in a quiet corner of a labour camp somewhere.

And the Bter staff are being interrogated by the officials for the second day in a row, and there is no one there to update the message or reply the emails (rubbing my eyes).

thunderjet

sr. member

Activity: 916

Merit: 312

it is estimation based on their trading volume in CNY,which was much more than for BTC pairs

readysalted89

sr. member

Activity: 327

Merit: 250

Quote from: thunderjet on February 17, 2015, 02:48:19 PM

Nobody mention,but BTER has also huge CNY deposits which are at least 10-15 times bigger than BTC and altcoins deposits altogether.Because of that they cant just disappear. Chinese government will catch them quickly and make example of them.

As I see,stolen BTCs are not moving,so thief/thieves probably want to extort money and that behavior looks suspiciously same like it was the case with NXT hacker few months ago.BTC nodes (used to obtain transactions) triangulation analysis gives 75% probability that thief is from Poland and 25% from Ukraine.Analysis of nodes server connections in the time of transactions could give much more information - I hope so that BTER already doing it.

How do you know how big their CNY deposits are?

I think they promised to return the CNY deposits and alt coins, but it must be very tempting for them to run instead. The mintpal owner stole all the bitcoins and ran with them. I think he has an arrest warrant out for him but nobody had found him the last time I looked into it.

thunderjet

sr. member

Activity: 916

Merit: 312

Nobody mention,but BTER has also huge CNY deposits which are at least 10-15 times bigger than BTC and altcoins deposits altogether.Because of that they cant just disappear. Chinese government will catch them quickly and make example of them.

As I see,stolen BTCs are not moving,so thief/thieves probably want to extort money and that behavior looks suspiciously same like it was the case with NXT hacker few months ago.BTC nodes (used to obtain transactions) triangulation analysis gives 75% probability that thief is from Poland and 25% from Ukraine.Analysis of nodes server connections in the time of transactions could give much more information - I hope so that BTER already doing it.

VenusFlyTrap

full member

Activity: 226

Merit: 100

Are you OCD?

Quote from: mishax1 on February 17, 2015, 02:07:55 PM

Is there a Chinese Bitcoin Embassy ?

Chinese bitcoin embassy?

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: Jcga on February 17, 2015, 02:21:49 PM

What's going on...

more than 48 hours without any news, believe it or not, i'm really worring Sad

Hope the best for Bter.

Or maybe also "hope the best to those people that have lost their bitcoins". Now every one know to not keep the own coins into an exchange, until they will start to "save" the bitcoins in a multi sig. cold wallet (in the correct way).

Jcga

legendary

Activity: 2590

Merit: 1089

What's going on...

more than 48 hours without any news, believe it or not, i'm really worring Sad

Hope the best for Bter.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: mishax1 on February 17, 2015, 02:07:55 PM

Is there a Chinese Bitcoin Embassy ?

Probably in a quiet corner of a labour camp somewhere.

mishax1

legendary

Activity: 2898

Merit: 1017

Is there a Chinese Bitcoin Embassy ?

deisik

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Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: redsn0w on February 17, 2015, 01:24:14 PM

Quote from: deisik on February 17, 2015, 12:46:20 PM

Quote from: btcxyzzz on February 17, 2015, 12:43:12 PM

Quote from: VenusFlyTrap on February 17, 2015, 12:40:54 PM

http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin

nothing new here related to Bter hack.

And the title reads as if Bter got hacked for 175 million bitcoins (the imaginary unit gets envious and feels itself a positive number)... Grin

In the title you can't put the [comma] and the [dot] , so it is normal the title "appears" : bter-gets-hacked-for-175-million-in-bitcoin.

You missed the whole point... Cool

redsn0w

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Activity: 1778

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#Free market

Quote from: deisik on February 17, 2015, 12:46:20 PM

Quote from: btcxyzzz on February 17, 2015, 12:43:12 PM

Quote from: VenusFlyTrap on February 17, 2015, 12:40:54 PM

http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin

nothing new here related to Bter hack.

And the title reads as if Bter got hacked for 175 million bitcoins (the imaginary unit gets envious and feels itself a positive number)... Grin

In the title you can't put the [comma] and the [dot] , so it is normal the title "appears" : bter-gets-hacked-for-175-million-in-bitcoin.

deisik

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Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: btcxyzzz on February 17, 2015, 12:43:12 PM

Quote from: VenusFlyTrap on February 17, 2015, 12:40:54 PM

http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin

nothing new here related to Bter hack.

And the title reads as if Bter got hacked for 175 million bitcoins (the imaginary unit gets envious and feels itself a positive number)... Grin

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: VenusFlyTrap on February 17, 2015, 12:40:54 PM

http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin

~~The site appears to have been "hacked".~~ It is back online, maybe it was only a problem of dns.

deisik

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Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Cassius on February 17, 2015, 12:41:14 PM

Quote from: deisik on February 17, 2015, 12:29:34 PM

Quote from: Cassius on February 17, 2015, 12:17:05 PM

Quote from: deisik on February 17, 2015, 11:59:42 AM

Quote from: Cassius on February 17, 2015, 11:49:39 AM

40m in NXT too (nearly half a million USD alone), plus many NXT assets. Still there, sat in the cold and hot wallets.
They have millions of dollars worth of alts - far, far more than the BTC that was stolen.

If so, this significantly lowers down the possibility of scamming (and no, this doesn't rule it out)... Cool

Unfortunately not.
Hacking/stealing all altcoins together from many different wallets would be extremely suspicious.
In any case, alts in those volumes are a problem: there's simply not the liquidity to shift them, even if you can get them to an exchange without raising suspicion. When BTER was hacked for 50m NXT, the hacker traded them for a fraction of their value in BTC.
Still, the total amount of alts represents a fairly powerful vote for opening their doors again and letting people withdraw. It's not like BTC was anything like the majority of their reserves.

As if stealing from a cold wallet were not utterly suspicious by itself... Roll Eyes

Besides that, after giving out the truth about the hack (whatever it might be), they risk arresting all of their assets! Cool

It's likely that BTER's 'cold' wallet was lukewarm at best. If it really was set up properly, then an inside job looks even more likely. Could have been a rogue employee or someone who was given too much trust.

So you agree that it is unlikely to be a scam scheme from Bter? Cool

btcxyzzz

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Activity: 888

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Monero - secure, private and untraceable currency.

Quote from: VenusFlyTrap on February 17, 2015, 12:40:54 PM

http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin

nothing new here related to Bter hack.

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: deisik on February 17, 2015, 12:29:34 PM

Quote from: Cassius on February 17, 2015, 12:17:05 PM

Quote from: deisik on February 17, 2015, 11:59:42 AM

Quote from: Cassius on February 17, 2015, 11:49:39 AM

40m in NXT too (nearly half a million USD alone), plus many NXT assets. Still there, sat in the cold and hot wallets.
They have millions of dollars worth of alts - far, far more than the BTC that was stolen.

If so, this significantly lowers down the possibility of scamming (and no, this doesn't rule it out)... Cool

Unfortunately not.
Hacking/stealing all altcoins together from many different wallets would be extremely suspicious.
In any case, alts in those volumes are a problem: there's simply not the liquidity to shift them, even if you can get them to an exchange without raising suspicion. When BTER was hacked for 50m NXT, the hacker traded them for a fraction of their value in BTC.
Still, the total amount of alts represents a fairly powerful vote for opening their doors again and letting people withdraw. It's not like BTC was anything like the majority of their reserves.

As if stealing from a cold wallet were not utterly suspicious by itself... Roll Eyes

Besides that, after giving out the truth about the hack (whatever it might be), they risk arresting all of their assets! Cool

It's likely that BTER's 'cold' wallet was lukewarm at best. If it really was set up properly, then an inside job looks even more likely. Could have been a rogue employee or someone who was given too much trust.

Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 59. (Read 119723 times)