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Topic: Crypto Exchange ShapeShift Hacked, Unspecified Amount of Bitcoin Lost - page 2. (Read 1101 times)

legendary
Activity: 1092
Merit: 1001
Oh god, here we go again... So who are the funds in the hot wallet from? Exchange fees?

It was most likely exchange fees plus their own personal btc held for when users "shapeshift" an altcoin to btc.
It is not individual users btc, except maybe for those users that transactions were pending at the time.
legendary
Activity: 1512
Merit: 1012
Oh god, here we go again... So who are the funds in the hot wallet from? Exchange fees?
legendary
Activity: 1722
Merit: 1000
You can't store BTC on shapeshift... you cannot compare it to gox or cryptsy.
member
Activity: 103
Merit: 10
www.bitcoinfuturesguide.com
web http://www.bitcoinfuturesguide.com/bitcoin-blog/shapeshiftio-hacked-loses-unspecified-portion-of-hot-wallet-funds-taken-offline



Erik Voorhees' exchange ShapeShift has been hacked and lost an unspecified portion of funds from its hot wallet. They have taken down their website and are rebuilding part of their infrastructure to fix it, they say. They claim that no customer funds have been lost.




The full extent of the damage is not known and until customers can actually take their bitcoin out and verify they are safe, we won't know the truth.

Cryptsy was able to hide thousands of missing coins from their customers for years, so don't trust anybody out there in this industry.
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