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Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 69. (Read 119723 times)

legendary
Activity: 1960
Merit: 1062
One coin to rule them all
legendary
Activity: 3234
Merit: 1654
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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.?
legendary
Activity: 1778
Merit: 1043
#Free market
I hope that now a lot of people learned the lesson, never keep your money on an exchange. The unique way could be : these exchange should start to use multiSig "function" (for example with greenAddress) for their cold wallet ( the bter's cold wallet wasn't a real cold wallet  Undecided).
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
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.
member
Activity: 101
Merit: 10
Legendary
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
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 (since the thief won't be able to spend that amount of money anyway without risking being caught)
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
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).

I think the multi-signature technology has a lot of potential, and I think we will see more of this in the future.
However, I have yet to see any exchange implementing the tech for a trading pair (e.g. BTC-LTC), dunno if it is even possible, but if it is possible, then is it exactly what we need.
legendary
Activity: 1442
Merit: 1016
legendary
Activity: 1778
Merit: 1043
#Free market
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).
legendary
Activity: 1778
Merit: 1043
#Free market
News about bter : http://cointelegraph.com/news/112278/breaking-bter-hacked-50m-nxt-stolen

It seems also the altcoins were "stolen" .

Breaking: Bter Hacked, 50M NXT Stolen by Ian DeMartino @ 2014-08-15 01:58 PM

Bter had been hacked before (some NXT coins were stolen) and they didn't close. Thus it now appears that they were actually hacked...  Roll Eyes

Oh sorry , I read 15-02  Grin .
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
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.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
News about bter : http://cointelegraph.com/news/112278/breaking-bter-hacked-50m-nxt-stolen

It seems also the altcoins were "stolen" .

Breaking: Bter Hacked, 50M NXT Stolen by Ian DeMartino @ 2014-08-15 01:58 PM

Bter had been hacked before (some NXT coins were stolen) and they didn't close. Thus it now appears that they were actually hacked...  Roll Eyes
legendary
Activity: 3234
Merit: 1654
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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?
legendary
Activity: 1778
Merit: 1043
#Free market
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
How do you know?

I asked the owner of bitcoin nordic not to long ago, the left over of BIPS was fusion with bitcoin nordic, which used to be my broker, they now goes under the name coinify.
I expressed my concern over this fusion and got a detailed explanation.
 
But you have a good point, they could be lying, so I do not know for sure.

Edit: I learned my lesson back then in 2013, 3 coins lost Cry
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
Ofcause you cannot redraw 7000 BTC at once without getting caught, so the 7x1000 BTC will be long time storage (properly many years) and the left overs that is in the mixer will go to one heck of a party.

It is possible to trace the stolen money even through a mixer, provided the mixer owner is willing to cooperate... Cool
Well that is the business model of a mixer, to hide the transactions of their clients - so you could speculate that the mixer company "would not be able" to provide this information

I don't think this will work in case of thievery, otherwise a mixer owner becomes an accomplice... Cool
hero member
Activity: 854
Merit: 1000
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
legendary
Activity: 1778
Merit: 1043
#Free market
However, do someone from you "noticed" that the hacker(s)  has (have) put 0:zero as fee in each TX ? In the bitStamp attack I remember  the fees were 0.05- 0.25 (and more) btc.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
Ofcause you cannot redraw 7000 BTC at once without getting caught, so the 7x1000 BTC will be long time storage (properly many years) and the left overs that is in the mixer will go to one heck of a party.

It is possible to trace the stolen money even through a mixer, provided the mixer owner is willing to cooperate... Cool
Well that is the business model of a mixer, to hide the transactions of their clients - so you could speculate that the mixer company "would not be able" to provide this information.

The smart thing to do for the thieves would leave the coins alone

Then it makes no sense to steal the coins in the first place... Roll Eyes

And the thieves was never found...

How do you know?
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
Ofcause you cannot redraw 7000 BTC at once without getting caught, so the 7x1000 BTC will be long time storage (properly many years) and the left overs that is in the mixer will go to one heck of a party.

It is possible to trace the stolen money even through a mixer, provided the mixer owner is willing to cooperate... Cool
Well that is the business model of a mixer, to hide the transactions of their clients - so you could speculate that the mixer company "would not be able" to provide this information.

The smart thing to do for the thieves would leave the coins alone.
The BIPS hack 19 Nov 2013, was 1200 coins stolen, the coins was send to:
https://blockchain.info/address/1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs

The coins has not been touch ever since.

And the thieves was never found...
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