Bitcoin Forum>Local>India
Pages:
Author

Topic: Coinsecure gets hacked after their bank account suspension (Read 1200 times)

edgycorner
sr. member
Activity: 1064
Merit: 382
Hurrah for Karamazov!
Coinsecure gets hacked after their bank account suspension
June 29, 2018, 06:31:52 PM
#63
Quote from: SimonJones on June 29, 2018, 12:19:32 PM
How can they just say June 30 is the last date for us to furnish what they ask for? They are the ones who lost our money and now are ordering us to do things their way without even giving sufficient time. The founders' names will be tarnished forever.

It's already tarnished, ever since the hack day.Nobody would ever trust them.For just money, they betrayed the trust of the whole Indian bitcoin community.
Even if they aren't guilty, still they weren't careful enough to handle the responsibility.They deserve this shame.

You can read this reply for a detailed view on the refund process:
https://bitcointalksearch.org/topic/m.40953366

Looks like, it will take them years to refund everyone.
 
SimonJones
sr. member
Activity: 485
Merit: 250
Re: Coinsecure gets hacked after their bank account suspension
June 29, 2018, 12:19:32 PM
#62
How can they just say June 30 is the last date for us to furnish what they ask for? They are the ones who lost our money and now are ordering us to do things their way without even giving sufficient time. The founders' names will be tarnished forever.
Guvn0r
sr. member
Activity: 647
Merit: 274
Re: Coinsecure gets hacked after their bank account suspension
June 09, 2018, 07:52:50 AM
#61


This is what I see on their website, and there is a button under it "claims.coinsecure" which is unresponsive. Reminds me of r/assholedesign.

This is just sad!
Guvn0r
sr. member
Activity: 647
Merit: 274
Re: Coinsecure gets hacked after their bank account suspension
June 05, 2018, 06:57:23 AM
#60
Quote from: suchi2591 on June 05, 2018, 06:34:06 AM
Where should I put my coins to make them safe, as exchange security may get compromised.

Try to store large amount of coins in the form of paperwallet (You can generate one from https://www.bitaddress.org/), you can also store them in hardware wallets (ledger) or cold (offline) wallets (Electrum, Jaxx etc.)




suchi2591
newbie
Activity: 126
Merit: 0
Re: Coinsecure gets hacked after their bank account suspension
June 05, 2018, 06:34:06 AM
#59
Where should I put my coins to make them safe, as exchange security may get compromised.
achris
jr. member
Activity: 40
Merit: 4
Re: Coinsecure gets hacked after their bank account suspension
June 05, 2018, 05:46:58 AM
#58
Quote from: edgycorner on June 04, 2018, 05:39:23 PM
Quote from: botany on May 18, 2018, 02:09:04 PM
Quote from: Marma Kalari on May 18, 2018, 01:51:00 PM
Quote from: RocketSingh on May 12, 2018, 04:26:26 AM
Quote from: Marma Kalari on May 11, 2018, 05:46:38 PM
The ransomware coins cannot be used, if they move the coins to other exchanges it will be confiscated, it was just a dumb move by the hackers. Cheesy
Heard of Bitcoin mixers?
Do you really think that they will accept these funds when they literally know that will end their business, you can mix the coins but do you think it will magically vanish from the blockchain. I am sure investigators will be monitoring the wallets and if that coin starts moving, those wallets will be identified and the coins that gets out will be tracked, where ever it goes there are eyes on those funds. Tongue Ross William Ulbricht could have done that, how do you think he got caught.

You should do a bit more reading about the Ulbricht case. He didn't get caught because of blockchain evidence. The coins won't magically vanish from the blockchain, but you will find it impossible to unravel the links. Bitcoin mixers are a flourishing business.
It's not impossible, but just very difficult.

Any coinsecure user who can update us with whats going on? Have they started refunding or not?I can't see any update on the website.They seem pretty much dead to me, in beginning they said they were going to revive the company lol


Not sure if Iam jumping the gun, but none of the BTC service providers ( including exchanges) which were hacked have refunded the user's money in the past . The closest any one has refunded user money was nicehash  ( which has given approximately 50% of the user money till date - thats almost after 7 months ) and is still in the process of refunding the user money that was hacked.

Regarding coinsecure, am not sure about their plans of refund - whether its a phased refund or account-wise. At the moment, they dont seem to have a plan ( or atleast a published plan )
edgycorner
sr. member
Activity: 1064
Merit: 382
Hurrah for Karamazov!
Re: Coinsecure gets hacked after their bank account suspension
June 04, 2018, 05:39:23 PM
#57
Quote from: botany on May 18, 2018, 02:09:04 PM
Quote from: Marma Kalari on May 18, 2018, 01:51:00 PM
Quote from: RocketSingh on May 12, 2018, 04:26:26 AM
Quote from: Marma Kalari on May 11, 2018, 05:46:38 PM
The ransomware coins cannot be used, if they move the coins to other exchanges it will be confiscated, it was just a dumb move by the hackers. Cheesy
Heard of Bitcoin mixers?
Do you really think that they will accept these funds when they literally know that will end their business, you can mix the coins but do you think it will magically vanish from the blockchain. I am sure investigators will be monitoring the wallets and if that coin starts moving, those wallets will be identified and the coins that gets out will be tracked, where ever it goes there are eyes on those funds. Tongue Ross William Ulbricht could have done that, how do you think he got caught.

You should do a bit more reading about the Ulbricht case. He didn't get caught because of blockchain evidence. The coins won't magically vanish from the blockchain, but you will find it impossible to unravel the links. Bitcoin mixers are a flourishing business.
It's not impossible, but just very difficult.

Any coinsecure user who can update us with whats going on? Have they started refunding or not?I can't see any update on the website.They seem pretty much dead to me, in beginning they said they were going to revive the company lol
botany
legendary
Activity: 1582
Merit: 1064
Re: Coinsecure gets hacked after their bank account suspension
May 18, 2018, 02:09:04 PM
#56
Quote from: Marma Kalari on May 18, 2018, 01:51:00 PM
Quote from: RocketSingh on May 12, 2018, 04:26:26 AM
Quote from: Marma Kalari on May 11, 2018, 05:46:38 PM
The ransomware coins cannot be used, if they move the coins to other exchanges it will be confiscated, it was just a dumb move by the hackers. Cheesy
Heard of Bitcoin mixers?
Do you really think that they will accept these funds when they literally know that will end their business, you can mix the coins but do you think it will magically vanish from the blockchain. I am sure investigators will be monitoring the wallets and if that coin starts moving, those wallets will be identified and the coins that gets out will be tracked, where ever it goes there are eyes on those funds. Tongue Ross William Ulbricht could have done that, how do you think he got caught.

You should do a bit more reading about the Ulbricht case. He didn't get caught because of blockchain evidence. The coins won't magically vanish from the blockchain, but you will find it impossible to unravel the links. Bitcoin mixers are a flourishing business.
Marma Kalari
sr. member
Activity: 546
Merit: 250
kittiefight.io Combat MMO Lending Jackpots
Re: Coinsecure gets hacked after their bank account suspension
May 18, 2018, 01:51:00 PM
#55
Quote from: RocketSingh on May 12, 2018, 04:26:26 AM
Quote from: Marma Kalari on May 11, 2018, 05:46:38 PM
The ransomware coins cannot be used, if they move the coins to other exchanges it will be confiscated, it was just a dumb move by the hackers. Cheesy
Heard of Bitcoin mixers?
Do you really think that they will accept these funds when they literally know that will end their business, you can mix the coins but do you think it will magically vanish from the blockchain. I am sure investigators will be monitoring the wallets and if that coin starts moving, those wallets will be identified and the coins that gets out will be tracked, where ever it goes there are eyes on those funds. Tongue Ross William Ulbricht could have done that, how do you think he got caught.
bitcoinisbest
hero member
Activity: 1218
Merit: 557
Re: Coinsecure gets hacked after their bank account suspension
May 18, 2018, 08:03:49 AM
#54
Quote from: BitcoinBazaar.net on May 11, 2018, 12:08:28 AM
Where is the refund update and Benson Samuel ?

 Angry Shocked Shocked Shocked Roll Eyes Roll Eyes Roll Eyes Huh Huh Huh Huh



I think it will be completed by June end and for that they have come up with a procedure that you need to fill the form and submit it via courier . It will require you valid identify proof as well. Check out their website for more information and do it accordingly.
ribm4
newbie
Activity: 89
Merit: 0
Re: Coinsecure gets hacked after their bank account suspension
May 18, 2018, 06:32:05 AM
#53
If you are so attached to cloud mining then why dont you just opt for only simple mining service?
achris
jr. member
Activity: 40
Merit: 4
Re: Coinsecure gets hacked after their bank account suspension
May 12, 2018, 03:38:39 PM
#52
Quote from: RocketSingh on May 12, 2018, 04:26:26 AM
Quote from: Marma Kalari on May 11, 2018, 05:46:38 PM
The ransomware coins cannot be used, if they move the coins to other exchanges it will be confiscated, it was just a dumb move by the hackers. Cheesy
Heard of Bitcoin mixers?

Cheesy
RocketSingh
legendary
Activity: 1662
Merit: 1050
Re: Coinsecure gets hacked after their bank account suspension
May 12, 2018, 04:26:26 AM
#51
Quote from: Marma Kalari on May 11, 2018, 05:46:38 PM
The ransomware coins cannot be used, if they move the coins to other exchanges it will be confiscated, it was just a dumb move by the hackers. Cheesy
Heard of Bitcoin mixers?
Marma Kalari
sr. member
Activity: 546
Merit: 250
kittiefight.io Combat MMO Lending Jackpots
Re: Coinsecure gets hacked after their bank account suspension
May 11, 2018, 05:46:38 PM
#50
Quote from: botany on May 08, 2018, 03:58:30 PM
Quote from: Guvn0r on May 08, 2018, 04:54:20 AM
Why don't coinsecure team consider getting help from Amazon, they have recently got their patent approved, which helps to identify BTC address owners and handover information to law enforcement.
Do you really believe such wonderful algorithms or methods are there, which would reveal the identity of Bitcoin address' owner? That would solve half the hacking / ransomware problems in the world.
There is another way around if the attacker does some silly mistakes, if the attacker somehow identifies one of his wallet and even though he is using a proxy and he is using the social media accounts using the same proxy, then he is traceable and for that to happen he needs to do a series of blunders.
The ransomware coins cannot be used, if they move the coins to other exchanges it will be confiscated, it was just a dumb move by the hackers. Cheesy
botany
legendary
Activity: 1582
Merit: 1064
Re: Coinsecure gets hacked after their bank account suspension
May 11, 2018, 03:47:33 PM
#49
Quote from: Guvn0r on May 09, 2018, 02:47:06 AM
Quote from: botany on May 08, 2018, 03:58:30 PM
Quote from: Guvn0r on May 08, 2018, 04:54:20 AM
Why don't coinsecure team consider getting help from Amazon, they have recently got their patent approved, which helps to identify BTC address owners and handover information to law enforcement.

Do you really believe such wonderful algorithms or methods are there, which would reveal the identity of Bitcoin address' owner? That would solve half the hacking / ransomware problems in the world.

I don't really know, I am not familiar with programming, even though i tried to learn. so you are saying it is a hoax? I saw multiple news articles about it and thought it was true.

There could be some leakage of information depending on the way people use Bitcoin addresses. But use your common sense and think why nobody knows who Satoshi is. Bear in mind that the early block rewards probably went to Satoshi
BitcoinBazaar.net
jr. member
Activity: 86
Merit: 2
Re: Coinsecure gets hacked after their bank account suspension
May 11, 2018, 12:08:28 AM
#48
Where is the refund update and Benson Samuel ?

 Angry Shocked Shocked Shocked Roll Eyes Roll Eyes Roll Eyes Huh Huh Huh Huh

Guvn0r
sr. member
Activity: 647
Merit: 274
Re: Coinsecure gets hacked after their bank account suspension
May 10, 2018, 03:40:52 AM
#47
Quote from: Blackshadow007 on May 09, 2018, 04:55:27 AM
Looks like game over for CS , Benson seems demoted from Moderator position . Wow !!

Saw this over at the discussion

Quote from: theymos on April 13, 2018, 02:21:34 PM
Note that I removed Benson Samuel as moderator, but only because I view the situation as potentially too much of a conflict of interest. I have no reason to doubt Benson Samuel's character.
edgycorner
sr. member
Activity: 1064
Merit: 382
Hurrah for Karamazov!
Re: Coinsecure gets hacked after their bank account suspension
May 09, 2018, 05:29:33 AM
#46
No idea about the amazon thing.But I know one thing for sure:

Quote
Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.

Lets hope that neophyte Indian bitcoiners will learn from this and won't use exchanges as wallets.
Blackshadow007
sr. member
Activity: 787
Merit: 276
Currency Xchanger™
Re: Coinsecure gets hacked after their bank account suspension
May 09, 2018, 04:55:27 AM
#45
Looks like game over for CS , Benson seems demoted from Moderator position . Wow !!
Guvn0r
sr. member
Activity: 647
Merit: 274
Re: Coinsecure gets hacked after their bank account suspension
May 09, 2018, 02:47:06 AM
#44
Quote from: botany on May 08, 2018, 03:58:30 PM
Quote from: Guvn0r on May 08, 2018, 04:54:20 AM
Why don't coinsecure team consider getting help from Amazon, they have recently got their patent approved, which helps to identify BTC address owners and handover information to law enforcement.

Do you really believe such wonderful algorithms or methods are there, which would reveal the identity of Bitcoin address' owner? That would solve half the hacking / ransomware problems in the world.

I don't really know, I am not familiar with programming, even though i tried to learn. so you are saying it is a hoax? I saw multiple news articles about it and thought it was true.
Pages:
Bitcoin Forum>Local>India
Jump to: