that makes no sense, if there was no loss why did they not simply fix the security breach by migrating to a new DB, reset password etc.?
VERY fishy
VERY fishy
That's what I been saying. Something feels off here.
Topic: Cavirtex exchange shutdown after being hacked - page 2. (Read 3667 times)
That's what I been saying. Something feels off here.
that makes no sense, if there was no loss why did they not simply fix the security breach by migrating to a new DB, reset password etc.?
VERY fishy
VERY fishy
I have seen many exchanges scamming people. people should choose exchanges carefully
Damn, too many security breaches at exchanges recently..
It's not security breaches, its the owners running away with the money because they are scared at the bitcoin crash. Too bad idiots trusted their money into them instead of leaving them on their wallets or waiting for the Gemini exchange.
Unfortunately, this is all a part of the learning curve for these exchanges of this new 6 year old technology. Mistakes and lesson learned for both the providers and the end users.
Seems there weren't any thefts or losses of the scope and scale of Gox or Stamp even, just privacy and personal info leaked, which although bad, aren't quite the losses in the millions we continue to hear with those other exchanges.
Short term it's bad, but long term it's necessary to weed out the weak and incompetent players, so Bitcoin exchanges as a whole can step forward.
Seems there weren't any thefts or losses of the scope and scale of Gox or Stamp even, just privacy and personal info leaked, which although bad, aren't quite the losses in the millions we continue to hear with those other exchanges.
Short term it's bad, but long term it's necessary to weed out the weak and incompetent players, so Bitcoin exchanges as a whole can step forward.
It seems there is a new hack every other day. This is not good for BTC, but then it may benefit by killing incompetent exchanges and only the strong ones survive.
They did not lose any BTC. Their old copy of their database with encrypted passwords and other user infos was compromised. This is a huge security risk if the hashing algorithm is weak or other sensitive informations are kept encrypted.
DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK
https://bitcointalksearch.org/topic/dataexchanges-their-way-of-using-a-fractional-reserve-and-generate-inflation-945881
They should start making exchanges that use your own addresses as storage. https://bitcointalksearch.org/topic/dataexchanges-their-way-of-using-a-fractional-reserve-and-generate-inflation-945881
CA Virtex was not hacked for any FUNDS but did have some information compromised.
In my opinion this is a risk vs profitability move
CA Virtex is also regulated by FINTRAC which is Canada's FINCEN.
If this was an actual hack. Canadian News would of been all over it.
Another story here
http://bitcoinbarbie.com/canadian-bitcoin-exchange-cavirtex-is-shutting-down-operations/
In my opinion this is a risk vs profitability move
CA Virtex is also regulated by FINTRAC which is Canada's FINCEN.
If this was an actual hack. Canadian News would of been all over it.
Another story here
http://bitcoinbarbie.com/canadian-bitcoin-exchange-cavirtex-is-shutting-down-operations/
everyone is getting hacked
CAVIRTEX, a Canadian Bitcoin exchange, has announced that it will be permanently ceasing all operations in March. The exchange cited security breaches as their reason for closing.
Read here http://coinfinance.com/news/cavirtex-bitcoin-exchange-shuts-down-after-being-hacked
Read here http://coinfinance.com/news/cavirtex-bitcoin-exchange-shuts-down-after-being-hacked
Is there any customer fund lost because of this ?
DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK
https://bitcointalksearch.org/topic/dataexchanges-their-way-of-using-a-fractional-reserve-and-generate-inflation-945881
https://bitcointalksearch.org/topic/dataexchanges-their-way-of-using-a-fractional-reserve-and-generate-inflation-945881
we, as a normal user, cant afford to lose any more at the hacked exchanges any more. We want security exchanges when trading, some sort of decentralized exchange.
Did you pledge for BitSquare ?
Well, at least they will return all the customer's fund.
we, as a normal user, cant afford to lose any more at the hacked exchanges any more. We want security exchanges when trading, some sort of decentralized exchange.
Mother fucker...
Damn, too many security breaches at exchanges recently..
Yeah that's sad. I've been using them with no issues for almost 3 years. I'm now moving to QuadrigaCX, site looks pretty slick.
Edit:
Update for bitcoin withdrawals:
https://twitter.com/CAVIRTEX/status/569866796569751552
Edit:
Update for bitcoin withdrawals:
Quote
UPDATE: To withdraw BTC please fill in your return address in settings -> user prerferences then email [email protected] to get activated
https://twitter.com/CAVIRTEX/status/569866796569751552
CAVIRTEX, a Canadian Bitcoin exchange, has announced that it will be permanently ceasing all operations in March. The exchange cited security breaches as their reason for closing.
Read here http://coinfinance.com/news/cavirtex-bitcoin-exchange-shuts-down-after-being-hacked
Read here http://coinfinance.com/news/cavirtex-bitcoin-exchange-shuts-down-after-being-hacked
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