BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 68.

almightyruler

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Quote from: deisik on February 15, 2015, 12:52:02 PM

Quote from: almightyruler on February 15, 2015, 12:34:32 PM

Quote from: TheGoodGuy419 on February 15, 2015, 12:16:47 PM

And as always....NEVER Leave Your Money On An Exchange...Or ANY Site. Always keep your coins in your wallets.

It's possible that the average loss by "consumers" exceeds even seemingly massive losses when an exchange is hacked. If you're not careful enough, your funds may actually be safer (statistically) with a third party.

A bit like a major aircraft accident. It's horrible to hear about 300 people dying, yet that number is small when compared to say, traffic accidents. Even though the former is more sensational, you have far more chance of being affected by the latter.

The main problem with such reasoning is that you forget to mention that in air crashes, unlike traffic accidents, you have only an infinitesimal chance of surviving it. In other words, the horrible thing is not about 300 people dying, it is about ALL of them dying... Cool

I'm referring specifically to fatalities only. The number of people killed in motor vehicle accidents over say a year would far exceed the toll from aircraft accidents.

Anyway, a somewhat moot point if the third party you trust with your funds happens to be the one that gets hacked. Sad

Wasn't it Fyrstikken that claimed a cold wallet was facilitated by spreading funds around the hot wallets of multiple exchanges? Wink

An interesting (re)definition. Wink

marcotheminer

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Activity: 2072

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┴puoʎǝq ʞool┴

Quote from: redsn0w on February 15, 2015, 12:55:32 PM

Quote from: Equate on February 15, 2015, 12:34:52 PM

When will trading websites start taking security seriously ? Users trust them with their hard earned money and they don't have even time to audit their websites.

Maybe we should start to "not trust" the exchanges for keep our coins, or maybe until they will start using coldWallet with multiSignature. The only exchanges that I know that they are using multiSig are : bitStamp.com and theRocktrading.com .

BIT-X.com

redsn0w

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Activity: 1778

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#Free market

Quote from: Equate on February 15, 2015, 12:34:52 PM

When will trading websites start taking security seriously ? Users trust them with their hard earned money and they don't have even time to audit their websites.

Maybe we should start to "not trust" the exchanges for keep our coins, or maybe until they will start using coldWallet with multiSignature. The only exchanges that I know that they are using multiSig are : bitStamp.com and theRocktrading.com & also bit-x.com

deisik

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Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: almightyruler on February 15, 2015, 12:34:32 PM

Quote from: TheGoodGuy419 on February 15, 2015, 12:16:47 PM

And as always....NEVER Leave Your Money On An Exchange...Or ANY Site. Always keep your coins in your wallets.

It's possible that the average loss by "consumers" exceeds even seemingly massive losses when an exchange is hacked. If you're not careful enough, your funds may actually be safer (statistically) with a third party.

A bit like a major aircraft accident. It's horrible to hear about 300 people dying, yet that number is small when compared to say, traffic accidents. Even though the former is more sensational, you have far more chance of being affected by the latter.

The main problem with such reasoning is that you forget to mention that in air crashes, unlike traffic accidents, you have only an infinitesimal chance of surviving it. In other words, the horrible thing is not about 300 people dying, it is about ALL of them dying... Cool

Equate

hero member

Activity: 770

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When will trading websites start taking security seriously ? Users trust them with their hard earned money and they don't have even time to audit their websites.

almightyruler

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Activity: 2268

Merit: 1092

Quote from: TheGoodGuy419 on February 15, 2015, 12:16:47 PM

And as always....NEVER Leave Your Money On An Exchange...Or ANY Site. Always keep your coins in your wallets.

It's possible that the average loss by "consumers" exceeds even seemingly massive losses when an exchange is hacked. If you're not careful enough, your funds may actually be safer (statistically) with a third party.

A bit like a major aircraft accident. It's horrible to hear about 300 people dying, yet that number is small when compared to say, traffic accidents. Even though the former is more sensational, you have far more chance of being affected by the latter.

TheGoodGuy419

newbie

Activity: 28

Merit: 0

wow!

how does this happen?

I mean are there kids going around and clearing out all the bitcoin sites wallets?

How can this happen from the "outside" (not an employee using their computers)?

so if exchanges are getting hacked...can faucet sites get hacked for their balances as well?

And as always....NEVER Leave Your Money On An Exchange...Or ANY Site. Always keep your coins in your wallets.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: onewiseguy on February 15, 2015, 12:00:09 PM

Quote from: redsn0w on February 15, 2015, 09:53:46 AM

7170 btc stolen - https://bter.com/

That is awesome

$ 1,727,970.00 Transaction for only $ 1.33 n fees

wonderful

Have you seen the other secondary transactions (all with zero fee) ?

- https://blockchain.info/it/tx/e297b80d69c824d91c8d5a05b4026e38ebcd3b5502730ece078f1d51ff1d455c
- https://blockchain.info/it/tx/f15fb803578a1a6be267fadf244996c39abfe18787e3e2114d1d1cc41221b4da
- https://blockchain.info/it/tx/ac9ee9927992eb1bb0d2ef8c05c77f8ace8ada6721fba428bf9227846b650d3b
- https://blockchain.info/it/tx/c606df2c791c48ca3b610a6dd02aeb44845005ce476bc6baa6c558a36e96b260
- https://blockchain.info/it/tx/7113cfad098d9f30c3909859db8521fd24e716f05307c9dd747ce4ae52539f49
- https://blockchain.info/it/tx/69d6954d167f9fa7e14e1feab367bcd8d8aaf5f93c1747c31c26d9de7b7976c6

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: irfan_pak10 on February 15, 2015, 11:54:24 AM

Quote from: redsn0w on February 15, 2015, 11:37:25 AM

Quote from: irfan_pak10 on February 15, 2015, 11:26:55 AM

Quote from: redsn0w on February 15, 2015, 11:06:13 AM

Quote from: TookDk on February 15, 2015, 10:59:20 AM

Quote from: irfan_pak10 on February 15, 2015, 10:56:58 AM

Quote from: ticoti on February 15, 2015, 10:51:49 AM

OMG it has happened again,every time that bitcoin is in a good way another hack....

I am afraid that bter users are not going to recover their bitcoins

Yes One after another scammer hacking every site. I dont think these are scammer that hacking these site its their own site owner who are hacking the sites. Now i also lost my 3$ in this site Grin

. Its not the point that i only lost my 3$ but the point is How i can safe my BTC when all the site going down every day?

Well, its a matter of statistic, only leave coins on an exchange for those minutes/hours it is needed to exchange, and hope you don't get caught in the middle of a hack.
Else NEVER leave coins at exchanges for longer time.

As I told before a simple use of the multi-Sig "function" could avoid this type of situation (check greenAddress and see how it is easy to use).

What is the greenAddress and where i can get it.?

GreenAddress is the future! I'm very impressed that a lot of people aren't using it. If you want a strong security you should start to use it for "save" your coin.

Here the official thread : https://bitcointalksearch.org/topic/greenaddress-open-source-multisig-wallet-service-521988

Are you sure we can use greenAddress as a safe wallet?

There isn't anything in this world that is sure at 100% , I think you know that. With greenAddress (GA) you can rise your level of security much more than the other webWallets.

If you want more security use an hardwallet with greenAddress and you are more safe.

almightyruler

legendary

Activity: 2268

Merit: 1092

Wonder if "unaffected coins" means altcoins, or unaffected BTC funds.

If it's the former, it sounds like the exchange is shutting down. If it's the latter, it sounds like some sort of convoluted repayment scheme that will never fully complete (see: vircurex)

troleybüs

legendary

Activity: 1424

Merit: 1001

It's not hacked. They stole your precious BTC's. Don't use shitty exchanges again, there is no excuses for this.

onewiseguy

hero member

Activity: 728

Merit: 500

Quote from: redsn0w on February 15, 2015, 09:53:46 AM

7170 btc stolen - https://bter.com/

That is awesome

$ 1,727,970.00 Transaction for only $ 1.33 n fees

wonderful

cazkooo

legendary

Activity: 1540

Merit: 1013

Quote from: Madness on February 15, 2015, 11:38:27 AM

I like the way you changed the Title Redsn0w [Don't keep your money on an exchange] , Pretty good .
But that's the problem , those people who keep their money on Exchanges will just don't care of the little message you just said until the exchangers goes down , one by one and they all got hacked and they lose money .. then maybe and maybe they will start listening . But well they can't blame anyone but themselfs when that time comes.

~ Madness

yes, should never leave funds in an exchanger, especially the one that is as shady as bter anyway, alot of exchanger got hacked, or did bter really got "hacked" because they got some issue before from the bitbay ICO, so i guess something could be up the sleeves

irfan_pak10

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Activity: 3234

Merit: 1654

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: redsn0w on February 15, 2015, 11:37:25 AM

Quote from: irfan_pak10 on February 15, 2015, 11:26:55 AM

Quote from: redsn0w on February 15, 2015, 11:06:13 AM

Quote from: TookDk on February 15, 2015, 10:59:20 AM

Quote from: irfan_pak10 on February 15, 2015, 10:56:58 AM

Quote from: ticoti on February 15, 2015, 10:51:49 AM

OMG it has happened again,every time that bitcoin is in a good way another hack....

I am afraid that bter users are not going to recover their bitcoins

Yes One after another scammer hacking every site. I dont think these are scammer that hacking these site its their own site owner who are hacking the sites. Now i also lost my 3$ in this site Grin

. Its not the point that i only lost my 3$ but the point is How i can safe my BTC when all the site going down every day?

Well, its a matter of statistic, only leave coins on an exchange for those minutes/hours it is needed to exchange, and hope you don't get caught in the middle of a hack.
Else NEVER leave coins at exchanges for longer time.

As I told before a simple use of the multi-Sig "function" could avoid this type of situation (check greenAddress and see how it is easy to use).

What is the greenAddress and where i can get it.?

GreenAddress is the future! I'm very impressed that a lot of people aren't using it. If you want a strong security you should start to use it for "save" your coin.

Here the official thread : https://bitcointalksearch.org/topic/greenaddress-open-source-multisig-wallet-service-521988

Are you sure we can use greenAddress as a safe wallet?

Quote from: Madness on February 15, 2015, 11:38:27 AM

I like the way you changed the Title Redsn0w [Don't keep your money on an exchange] , Pretty good .
But that's the problem , those people who keep their money on Exchanges will just don't care of the little message you just said until the exchangers goes down , one by one and they all got hacked and they lose money .. then maybe and maybe they will start listening . But well they can't blame anyone but themselfs when that time comes.

~ Madness

Yes redsn0w is good and trusted member here

Thanks redsn0w

Quote from: Bit_Happy on February 15, 2015, 11:38:36 AM

Sorry for the people who lost funds at BTER. Hopefully in the future, we will have at least 2 or 3 trustworthy exchanges.

I dont think so we will heve good exchanges. But we will have exchanges where we can exchange our btc or other altcoin. And after exchanging our money we will have to withdraw them some where else.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Sorry for the people who lost funds at BTER. Hopefully in the future, we will have at least 2 or 3 trustworthy exchanges.

Madness

hero member

Activity: 644

Merit: 500

My goal is becaming a billionaire.

I like the way you changed the Title Redsn0w [Don't keep your money on an exchange] , Pretty good .
But that's the problem , those people who keep their money on Exchanges will just don't care of the little message you just said until the exchangers goes down , one by one and they all got hacked and they lose money .. then maybe and maybe they will start listening . But well they can't blame anyone but themselfs when that time comes.

~ Madness

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: irfan_pak10 on February 15, 2015, 11:26:55 AM

Quote from: redsn0w on February 15, 2015, 11:06:13 AM

Quote from: TookDk on February 15, 2015, 10:59:20 AM

Quote from: irfan_pak10 on February 15, 2015, 10:56:58 AM

Quote from: ticoti on February 15, 2015, 10:51:49 AM

OMG it has happened again,every time that bitcoin is in a good way another hack....

I am afraid that bter users are not going to recover their bitcoins

Yes One after another scammer hacking every site. I dont think these are scammer that hacking these site its their own site owner who are hacking the sites. Now i also lost my 3$ in this site Grin

. Its not the point that i only lost my 3$ but the point is How i can safe my BTC when all the site going down every day?

Well, its a matter of statistic, only leave coins on an exchange for those minutes/hours it is needed to exchange, and hope you don't get caught in the middle of a hack.
Else NEVER leave coins at exchanges for longer time.

As I told before a simple use of the multi-Sig "function" could avoid this type of situation (check greenAddress and see how it is easy to use).

What is the greenAddress and where i can get it.?

GreenAddress is the future! I'm very impressed that a lot of people aren't using it. If you want a strong security you should start to use it for "save" your coin.

Here the official thread : https://bitcointalksearch.org/topic/greenaddress-open-source-multisig-wallet-service-521988

TookDk

legendary

Activity: 1960

Merit: 1062

One coin to rule them all

Quote from: olcaytu2005 on February 15, 2015, 11:29:58 AM

i want to ask a question. Bter doesnt use "two factor authentication" ? it s really basic security . it asks that 7170 btc will be sent from your address pls write here your authentication code or pls write here your password in the message on your phone. or it hacked completely??

Nahh, it is a little more complicated than that.

But honestly we do not know, we can only guess.
Only thing that is for sure is that the coins are gone (this is documented in the blockchain).

I believe they got root access, so as far as I am concerned the whole system could be wiped out too.

deisik

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Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: TookDk on February 15, 2015, 11:24:04 AM

Quote from: deisik on February 15, 2015, 11:12:09 AM

Quote from: TookDk on February 15, 2015, 10:42:03 AM

It is interesting to see how the thieves have nicely distributed the coins into 7 x 1000 BTC addys, and the left overs has gone into a mixer.

i don't see any leftovers going into a mixer. The total sum is split into 1000 BTC chunks ant the balances are still there, in those few wallets... Cool

Looks more like someone is going to extort money from Bter as a free giveaway, as it happened previously with NXT coins

Looks like you are right, I am still curious about this transaction:
https://blockchain.info/tx/28b3009c7ad8898077b348a943a9c5d8187e1e53e85893d17999b9125bbbab10

I wrongly assumed it was being mixed, but looks likes these addies has been used before.

I think "720 BTC bounty for chasing it back" is a pretty decent amount of money to get away with stealing 7170 bitcoins from an exchange. Waiting for some undercover "Chink style" deals... Cool

olcaytu2005

legendary

Activity: 1470

Merit: 1024

i want to ask a question. Bter doesnt use "two factor authentication" ? it s really basic security . it asks that 7170 btc will be sent from your address pls write here your authentication code or pls write here your password in the message on your phone. or it hacked completely??

Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 68. (Read 119723 times)