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Topic: Inputs.io HACKED, 4 100 BTC STOLEN - REFUND DISCUSSION THREAD (Read 4783 times)

b!z
legendary
Activity: 1582
Merit: 1010
Well this sucks. I had some deposit on it, not a lot but still enough to think it's a real shame..

Well now you know to use a system where you own the private key. The sad part is that I still use coinbase since I find that not paying the transaction fee beats security.
You should use cold storage. Don't complain when/if you lose your BTC.
legendary
Activity: 1092
Merit: 1000
nahtnam.com
Well this sucks. I had some deposit on it, not a lot but still enough to think it's a real shame..

Well now you know to use a system where you own the private key. The sad part is that I still use coinbase since I find that not paying the transaction fee beats security.
newbie
Activity: 28
Merit: 0
Well this sucks. I had some deposit on it, not a lot but still enough to think it's a real shame..
hero member
Activity: 826
Merit: 508
haha, I am really starting to feel sorry for all inputs users. I use coinbase, so I am good! I hope you all can get your money back!
Coinbase is indeed, from the looks of it, far more reputable than Tradefortress--obviously. But beware 3rd party/hosted wallets. Your private keys are not yours. If anything happens -- hacks, etc. -- you could be waiting in line for a drawn out claim process. Only when you control your private keys is your money yours.
hero member
Activity: 826
Merit: 508
What I'm trying to get to is how somebody managed to steal 4.1 k bitcoins so fast.
This proves that inputs was not secure at all, I thought that there was a cold storage??
No, there was not cold storage. He kept everything in a hot wallet on Linode -- same way Bitcoinica theft happened. Very shady and very convenient scapegoat. He was either extremely negligent or he stole the coins himself.
hero member
Activity: 602
Merit: 500
haha, I am really starting to feel sorry for all inputs users. I use coinbase, so I am good! I hope you all can get your money back!

you no need feel sorry for inputs users its happen to many peoples its not first time  Sad

Not a online wallet like this? Surely?
legendary
Activity: 1092
Merit: 1000
nahtnam.com
I think we are all fucked up, he just ran that ad campaign to get more people to store theyr funds on inputs.io, and then strike when everything is right.

I've only lost 0.0023, I am smart enough to keep my funds at a regular QT wallet, may be long to get the chain on your HDD but worth the time.


A little story by elasticband.

Once upon a time there was a learned young Elasticband, he read about this thing called bitcoin, WOW he thought! No longer did he have to store his wealth in the banks he did not trust and knew nothing about, hell who even runs the bank he banked at, why should he trust this person, was his wealth at risk of being effected by bailouts? Well the young Elasticband discovered bitcoin where he could take control of his own wealth, the young Elasticband never looked back.

Two years later the Elasticband learns bitcoin users stored their coins in a bitcoin bank where they knew very little about the owner of the bank and the bank was hacked, the owner uses none hacked funds to help compensate hacked users, everyone has some of their wealth stolen. this reminds the Elasticband of why he got in to Bitcoin and what owning and using a bitcoin wallet really mean.

THE END

sad story i know folks, i hope you can all learn something from this.

Such a sad story. Makes me cry.  Cry
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
I think we are all fucked up, he just ran that ad campaign to get more people to store theyr funds on inputs.io, and then strike when everything is right.

I've only lost 0.0023, I am smart enough to keep my funds at a regular QT wallet, may be long to get the chain on your HDD but worth the time.


A little story by elasticband.

Once upon a time there was a learned young Elasticband, he read about this thing called bitcoin, WOW he thought! No longer did he have to store his wealth in the banks he did not trust and knew nothing about, hell who even runs the bank he banked at, why should he trust this person, was his wealth at risk of being effected by bailouts? Well the young Elasticband discovered bitcoin where he could take control of his own wealth, the young Elasticband never looked back.

Two years later the Elasticband learns bitcoin users stored their coins in a bitcoin bank where they knew very little about the owner of the bank and the bank was hacked, the owner uses none hacked funds to help compensate hacked users, everyone has some of their wealth stolen. this reminds the Elasticband of why he got in to Bitcoin and what owning and using a bitcoin wallet really mean.

THE END

sad story i know folks, i hope you can all learn something from this.
hero member
Activity: 812
Merit: 1000
I <3 VW Beetles
I think we are all fucked up, he just ran that ad campaign to get more people to store theyr funds on inputs.io, and then strike when everything is right.

I've only lost 0.0023, I am smart enough to keep my funds at a regular QT wallet, may be long to get the chain on your HDD but worth the time.
legendary
Activity: 1092
Merit: 1000
nahtnam.com
haha, I am really starting to feel sorry for all inputs users. I use coinbase, so I am good! I hope you all can get your money back!


How is it possible?


If TradeFortress stole the money: he won't get it back.
If TradeFortress did not steal the money: how could he even pay back 4k btc? Lol.

Huh I don't understand what you are saying. You do understand that he makes money off of inputs.io right?


Which might be a few bitcoins per months, mostly paid in sig ads ...
How could he possibly even refund half of the 4k btc? Lol

He gets around 0.0003 per transaction, and it ads up to be a lot! He charges a 0.0005 transaction fee, but sends the transaction with only a 0.0002 fee. He keeps the other 0.0003! I think that it will add up to 4k pretty fast. Also he isnt paying everyone back instantly. He is SLOWLY paying them back!
full member
Activity: 252
Merit: 100
MARKETPLACE FOR PAID ADVICE LIVE BROADCASTS
haha, I am really starting to feel sorry for all inputs users. I use coinbase, so I am good! I hope you all can get your money back!


How is it possible?


If TradeFortress stole the money: he won't get it back.
If TradeFortress did not steal the money: how could he even pay back 4k btc? Lol.

Huh I don't understand what you are saying. You do understand that he makes money off of inputs.io right?


Which might be a few bitcoins per months, mostly paid in sig ads ...
How could he possibly even refund half of the 4k btc? Lol
legendary
Activity: 1092
Merit: 1000
nahtnam.com
haha, I am really starting to feel sorry for all inputs users. I use coinbase, so I am good! I hope you all can get your money back!

you no need feel sorry for inputs users its happen to many peoples its not first time  Sad

Really? Something this major actually happened before?
sr. member
Activity: 378
Merit: 250
haha, I am really starting to feel sorry for all inputs users. I use coinbase, so I am good! I hope you all can get your money back!

you no need feel sorry for inputs users its happen to many peoples its not first time  Sad
legendary
Activity: 1092
Merit: 1000
nahtnam.com
haha, I am really starting to feel sorry for all inputs users. I use coinbase, so I am good! I hope you all can get your money back!


How is it possible?


If TradeFortress stole the money: he won't get it back.
If TradeFortress did not steal the money: how could he even pay back 4k btc? Lol.

Huh I don't understand what you are saying. You do understand that he makes money off of inputs.io right?
full member
Activity: 252
Merit: 100
MARKETPLACE FOR PAID ADVICE LIVE BROADCASTS
haha, I am really starting to feel sorry for all inputs users. I use coinbase, so I am good! I hope you all can get your money back!


How is it possible?


If TradeFortress stole the money: he won't get it back.
If TradeFortress did not steal the money: how could he even pay back 4k btc? Lol.
legendary
Activity: 1092
Merit: 1000
nahtnam.com
haha, I am really starting to feel sorry for all inputs users. I use coinbase, so I am good! I hope you all can get your money back!
sr. member
Activity: 350
Merit: 250
hero member
Activity: 603
Merit: 500
why do people store their bitcoin on websites.

ITs like taking money from your wallet and giving it to someone to hold it for you. Then when it gets robbed you cant really blame him because it was your fault for letting him hold it for you.


You don't have money in the bank, do you?
Or maybe your bank don't have a website Roll Eyes

If you like to store money in banks, why do you buy the decentralization concept of BTC?  Huh

It is always emphasized that "If you don't have the private keys, you don't have the funds".

Just like TheNewAnon135246 mentioned, you should never store a large amount of BTC on an online wallet (for example, exchange and casino).
Just send the BTC to a paper wallet or at least a offline wallet (of course, generated and handled correctly with encryption) when your balance is high.
sr. member
Activity: 392
Merit: 250
why do people store their bitcoin on websites.

ITs like taking money from your wallet and giving it to someone to hold it for you. Then when it gets robbed you cant really blame him because it was your fault for letting him hold it for you.


You don't have money in the bank, do you?
Or maybe your bank don't have a website Roll Eyes
legendary
Activity: 1736
Merit: 1029
What I'm trying to get to is how somebody managed to steal 4.1 k bitcoins so fast.
This proves that inputs was not secure at all, I thought that there was a cold storage??
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