How many Bitcoins have been stolen in total?

Lethos

sr. member

Activity: 476

Merit: 250

Keep it Simple. Every Bit Matters.

Quote from: FreeMoney on July 29, 2012, 07:25:46 PM

Quote from: Lethos on July 29, 2012, 07:14:57 PM

... and people wonder why their is so much distrust in this world.

Yeah that kinda proves it.

Most of the thefts were actually caused by too much or misplaced trust.

Besides, it is actually a very small number. Why not go totaling up the number of transactions which weren't thefts to see how much bigger it is and therefore how much goodness there is?

Both are silly ways of calculating trust/distrust.

Okay, guess I phrased that badly, but I agree.

Their is a lot more mistrust than in the early days when people too blindly trusted the exchanges and individuals in the community.

I am one of those who feel a strong sense of distrust of exchanges, which isn't helped when I live in the UK when their is a severe lacking of exchanges which operate here. Most which have somehow been involved in these events which have lead to people losing a lot of bitcoins or money.

JayCoin

sr. member

Activity: 409

Merit: 251

Crypt'n Since 2011

10BTC stolen from p2pmining.com (Really from the miners on the pool) . Someone went through a lot of effort for $87. Goes to show that even a site with even a few Bitcoins on it is a target. I would suggest that any further Bitcoin ventures use servers under private control rather than renting one in a data center.

Scott J

legendary

Activity: 1792

Merit: 1000

Quote from: Mike Jones on July 29, 2012, 06:41:47 PM

As I read more into Bitcoin, the topic of theft comes up often. How much has been stolen in total?

Many have been stolen.

But it's worth remembering that every single theft could have been prevented.

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Quote from: mc_lovin on July 29, 2012, 09:21:43 PM

I wonder how many coins have been stolen twice!

This!

mc_lovin

legendary

Activity: 1190

Merit: 1000

www.bitcointrading.com

I wonder how many coins have been stolen twice!

bitcoinminer

sr. member

Activity: 322

Merit: 252

The answer is "Not NEARLY Enough because people keep doing really stupid things and losing all their bitcoins".

I hope that the left half of the intelligence bell curve loses all their BTC, so that everyone elses will go up in value.

"This site has been around for WEEKS! Why not trust 40k worth of BTC to them?!?!?!"

Astro

sr. member

Activity: 284

Merit: 250

How many BTC does ZT own? That's your answer.

dissipate

sr. member

Activity: 288

Merit: 250

Quote from: Shadow383 on July 29, 2012, 07:03:06 PM

25000BTC from someone who left wallet unencrypted last year.
about 58000BTC from the linode "hack" (I think, someone may need to correct me).
about 200000BTC currently from Bitcoinica (I'm classing bitcoinica's funds as stolen until they refund people).
Oh, and we have shroedinger's ponzi (BTCST) over in the lending section, which has liabilities of well over 200000BTC.

So I'd say at least 85000, could go as high as a million by the end of the year Wink

I wouldn't call BTCS&T stealing. Anyone with half a brain cell knows that could be Game Over at any time.

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Anyone can write anything on this or any other forum. I'll write this: I've never had any coins stolen since I start mining, trading, and using them in January 2011.

aq

full member

Activity: 238

Merit: 100

Quote from: repentance on July 29, 2012, 07:59:16 PM

May thread on this topic which includes a comprehensive list of thefts, scams, hacks and other losses.
https://bitcointalksearch.org/topic/list-of-major-bitcoin-heists-thefts-hacks-scams-and-losses-old-83794

I mentioned the same thread in post#4, but I guess people like talking repeatedly about the same things all the time, so I think you will be ignored too...

repentance

hero member

Activity: 868

Merit: 1000

May thread on this topic which includes a comprehensive list of thefts, scams, hacks and other losses.

https://bitcointalksearch.org/topic/list-of-major-bitcoin-heists-thefts-hacks-scams-and-losses-old-83794

unclemantis

member

Activity: 98

Merit: 10

(:firstbits => "1mantis")

A lot.

Shadow383

sr. member

Activity: 336

Merit: 250

Quote from: repentance on July 29, 2012, 07:35:32 PM

Quote from: Shadow383 on July 29, 2012, 07:03:06 PM

about 200000BTC currently from Bitcoinica (I'm classing bitcoinica's funds as stolen until they refund people).

Where are you getting that number from? They lost ~18,000 BTC in the Rackspace hack and 40,000 in the MtGox breach. Even if you add in the BTC they lost in the Linode hack (~43,000 BTC, which you seem to have counted separately), the total comes nowhere near 200,000 BTC.

I was counting the value of all of their deposits as "stolen" since I don't honestly believe people are likely to get it back in the foreseeable future Wink

I didn't include it on my low-end estimate though.

Also, completely forgot about mybitcoin - I know of individuals with >5000BTC on there, so that must've been pretty huge.

repentance

hero member

Activity: 868

Merit: 1000

Quote from: Shadow383 on July 29, 2012, 07:03:06 PM

about 200000BTC currently from Bitcoinica (I'm classing bitcoinica's funds as stolen until they refund people).

Where are you getting that number from? They lost ~18,000 BTC in the Rackspace hack and 40,000 in the MtGox breach. Even if you add in the BTC they lost in the Linode hack (~43,000 BTC, which you seem to have counted separately), the total comes nowhere near 200,000 BTC.

pekv2

hero member

Activity: 770

Merit: 502

How much did mybitcoinwallet walk away with?

FreeMoney

legendary

Activity: 1246

Merit: 1015

Strength in numbers

Quote from: Lethos on July 29, 2012, 07:14:57 PM

... and people wonder why their is so much distrust in this world.

Yeah that kinda proves it.

Most of the thefts were actually caused by too much or misplaced trust.

Besides, it is actually a very small number. Why not go totaling up the number of transactions which weren't thefts to see how much bigger it is and therefore how much goodness there is?

Both are silly ways of calculating trust/distrust.

aq

full member

Activity: 238

Merit: 100

Quote from: Mike Jones on July 29, 2012, 06:41:47 PM

As I read more into Bitcoin, the topic of theft comes up often. How much has been stolen in total?

In this forum you are able to search, by clicking the small "button" labeled "search" and type in your, well, search. So within 2 seconds you would have been able to find this:
https://bitcointalksearch.org/topic/list-of-major-bitcoin-heists-thefts-hacks-scams-and-losses-old-83794
But of course it is way easier to open a new thread...

@theymos: can we have a sub-section for those constantly repeating threads?

Lethos

sr. member

Activity: 476

Merit: 250

Keep it Simple. Every Bit Matters.

... and people wonder why their is so much distrust in this world.

Yeah that kinda proves it.

Shadow383

sr. member

Activity: 336

Merit: 250

25000BTC from someone who left wallet unencrypted last year.
about 58000BTC from the linode "hack" (I think, someone may need to correct me).
about 200000BTC currently from Bitcoinica (I'm classing bitcoinica's funds as stolen until they refund people).
Oh, and we have shroedinger's ponzi (BTCST) over in the lending section, which has liabilities of well over 200000BTC.

So I'd say at least 85000, could go as high as a million by the end of the year Wink

Mike Jones

newbie

Activity: 14

Merit: 0

As I read more into Bitcoin, the topic of theft comes up often. How much has been stolen in total?

Topic: How many Bitcoins have been stolen in total? (Read 1697 times)