Topic: Initiative to help Simon Hausdorf to clear things @ bitcoin-24 <-- SIMON READ IT - page 6. (Read 22330 times)

Yeah, this looks reasonable. Except the patient thing. I need him to say something in order to know what to expect.

He doesn't need to know how much money you think you had, or what your password is.  Realistically there's nothing you can do to help except be patient.

If I were he, I would:

1. Analyze the past transactions to work out how much has been lost to errors
2. Figure out how much is recoverable by fixing the broken trades, i.e. how much has not yet been withdrawn, and also decide whether this is ethical
3. Figure out how much is not recoverable, and whether the business has enough reserves to cover the losses
4. If not, figure out if he can prop it up somehow or whether he must declare bankruptcy
5. Overall, limit his business's exposure to lawsuits down the road, either people who disagree with the outcome of (2), or people who feel robbed due to the exchange's downtime and freezing of their BTC during a crash, or... etc, the richest people will find many reasons to sue
6. Plan how to restart the site without bugs or bad publicity

To me, that (2) is ethical or fair is not obvious.  It is a very difficult situation.  See (5).

Do you expect to give Simon some deadline?

1. Of course he has to check everything we tell him. But for example in my case some transactions were repeated, so maybe if i tell him exactly were were the errors, that can speed things up.

2. I don't know the database structure, maybe everything is splitted in tables and he has to build a complex query to extract that info. About the password when the hash solution is true, we don't know if the user password encrypted something in order to make it not accessible to him (or the gov) so changing the password might not be a solution in some cases, that's why i said "IF REQUIRED". (i like to to do this things to protect the user from seizures)

But this is anecdotic. The key point is that the initiative is to offer him what he needs in order to help him to help us.

Posting this here also.


Simon Hausdorfs Bitcoin Wallets:

Cold Storage:

1GcWYgqbdtzZAGsX2iSVBS74cPBiQjCiRg > https://blockchain.info/address/1GcWYgqbdtzZAGsX2iSVBS74cPBiQjCiRg
Balance: 8,848.39013303

Semi Hot Wallet (maybe Cold storage):
1AnixjBYxpTzAmfSa8kRdBiUaSGV2e9d26 > https://blockchain.info/address/1AnixjBYxpTzAmfSa8kRdBiUaSGV2e9d26
Balance: 7,100.77857022

Hot Wallet:
1BTC24yVKQdQNAa4vX71xLUC5A8Za7Rr71 > https://blockchain.info/address/1BTC24yVKQdQNAa4vX71xLUC5A8Za7Rr71
Balance: 0

Affiliated Wallets, probably his own, since all the affiliated addresses send each other coins:

1AfY3571v8VbhMq19DA44378qSXPQmv734 > https://blockchain.info/address/1AfY3571v8VbhMq19DA44378qSXPQmv734
Balance: 599
Received BTC from 1GcWY as well as 1Anixj
https://blockchain.info/tx/e83076451c35e85733686d238ba6ae0d5bf7a3ce80d4c04390625e6f6e75157a
https://blockchain.info/tx/d50082cf25e3ea2b9f7811c5c747fd2414004c2bb1e7f100028f23f642c65565

1MVCn7PuFtnCgHKjYvVpqE62ifVKNCA8mU > https://blockchain.info/address/1MVCn7PuFtnCgHKjYvVpqE62ifVKNCA8mU
Balance: 1,532.00
Received BTC from 1Anix as well as 1AfY


Makes a total of 18079 BTC in control of Simon Hausdorf, and thats what I found in about 5 Minutes work. If we search deeper, we might find more. I found some edgy 96.xxxxBTC transfers from 1Anix but I am not sure if they are his because some of them are spend. But its unusual he sends money from 1Anix, since this is his cold storage(or maybe not).

Feel free to contribute.

There are two obvious issues with this:

1. Users can report higher balances than they actually have.
2. Passwords should not be needed; he already has access to the database, and if he really needed to be able to log in as the user, he could just temporarily change the password hash stored for the user.

I really think it is a bad idea to talk with the Police at this point of the story. First, because that would make this last forever, second because that would lead to the seizure of all the IT equipment so the private keys of the cold storage might get compromised.

So our best option is to let Simon work, and help him if possible.

What i think Simon should do is to take the time to comunicate with us and explain:

• What happened.
• What happens now
• Main problems he's facing to fix things up
• How can we help
• How long is it going to take to withdraw funds and how can we speed this up.

Now, being said that the use of the force might not be the best option  right now (calling the cops)...

I think we could help Simon if we tell him

• Our username
• The balance we remember.
• The active orders we had
• And if required, our password so he can log in as the user and check our account.

Then, after withdrawing funds, he could close our account, or mark it as processed.

Afterwards we will need to lead with 2 other problems:

• First, the transactions that were sent to the engine and the engine didn't detect.
• And second, the transactions to were sent to users with excesive funds.

I would start with the second issue, and, because he has all the transactions logs and identified all users (And because he only sent what was on the hot wallet) he could kindly send these users an email asking for the funds. And exposing them if they don't collaborate.

And of course, if you know that you have funds that doesn't belong to you, you can post here your intention to refund them.

Simon, think that you can work with us. And we can fix this working all together.

Hope you like the idea.



P.S. There are at least 18079+ BTC in control of Simon Hausdorf. And all mistakes were in favour of the customers (not his own), so be helpful and have faith.