Author

Topic: Instawallet down - Should we be worried? (Read 2654 times)

Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
April 02, 2013, 10:13:36 AM
#15
Like he said, Inside job.    Undecided
hero member
Activity: 756
Merit: 1000
Looks like a fairly standard "Take the wallets and run!" inside job.

If I were davout, I would be very tempted to do the same thing, knowing that the coins deposited on the sites I ran were rocketing up in value every single day.

Even modest deposits of 10'000 BTC would be worth over $1M today :O

I think this will happen more and more as the price keeps going up. Site admins simply can't be trusted with your coins.

How is that possible though?

I thought the URls were strong enough to sustain brute force attacks and were not listed in instawallet itself?
sr. member
Activity: 1008
Merit: 250
Looks like a fairly standard "Take the wallets and run!" inside job.

If I were davout, I would be very tempted to do the same thing, knowing that the coins deposited on the sites I ran were rocketing up in value every single day.

Even modest deposits of 10'000 BTC would be worth over $1M today :O

I think this will happen more and more as the price keeps going up. Site admins simply can't be trusted with your coins.
hero member
Activity: 756
Merit: 1000
It sounds like you are one lucky sunuvabitch, steelboy.

The impression I get is that your bitcoin holdings were all in Instawallet, and extensive.

Don't do that.


Your impressions are correct. I know I shouldn't have but I am working on it.

https://bitcointalksearch.org/topic/need-someone-to-walk-me-through-setting-up-offline-wallets-05btc-bounty-164097

I'm still not completely calm, I don't like the way they haven't mentioned instawallet customers
full member
Activity: 154
Merit: 100
It sounds like you are one lucky sunuvabitch, steelboy.

The impression I get is that your bitcoin holdings were all in Instawallet, and extensive.

Don't do that.

Concur on this, I had some funds for quick spending purposes on Instawallet and I already got very worried. Puting your majority funds on instawllet is a very bad idea.
member
Activity: 84
Merit: 10
It sounds like you are one lucky sunuvabitch, steelboy.

The impression I get is that your bitcoin holdings were all in Instawallet, and extensive.

Don't do that.
hero member
Activity: 680
Merit: 500
April 01, 2013, 04:36:12 PM
#9
Related:

[Apr-1 10:30 CET] Bitcoin-Central and Paytunia update: Our customer's bitcoins and euros are safe and will not be affected by the security breach. We have taken the websites off-line for proper investigation.

 The address 1LrPYjto3hsLzWJNstghuwdrQXB96KbrCy is under our exclusive control.

 We thank you for your patience and will provide updates exclusively on this page as they come in. We are committed to resuming service as soon as possible. Expect normal service to resume within 48 hours.
hero member
Activity: 899
Merit: 1002
April 01, 2013, 04:03:16 PM
#8
If you were using a service that lumps all BTC together in the first place, then it's your fault.

That's the 'cold wallet', supposedly offline storage. Which appears to not be offline at all since a gigantic amount of coins just got looted from it.
sr. member
Activity: 292
Merit: 250
April 01, 2013, 04:01:38 PM
#7
If you were using a service that lumps all BTC together in the first place, then it's your fault.
newbie
Activity: 48
Merit: 0
April 01, 2013, 03:58:07 PM
#6
They could just be moving the bitcoins to protect them from a security breach  Smiley or someone could just have stolen them  Angry
hero member
Activity: 626
Merit: 500
https://satoshibet.com
April 01, 2013, 03:45:29 PM
#5
Depending on who owns that bitcoin address, you should potentially be pretty worried http://blockchain.info/address/1LrPYjto3hsLzWJNstghuwdrQXB96KbrCy
legendary
Activity: 1001
Merit: 1003
April 01, 2013, 03:39:30 PM
#4
Hmm should I take out mt btc from mtgox and risk losing out on a dump and buy?
hero member
Activity: 899
Merit: 1002
April 01, 2013, 02:48:14 PM
#3
Hope to god this isn't their idea of an April Fool's day joke because it's a bad one
member
Activity: 68
Merit: 10
April 01, 2013, 02:21:54 PM
#2
As it's the same team as Bitcoin Central, it's no suprise that they, too, are down.

Prior to this downtime message, transactions have been frozen for over two hours at BTCentral.  Undecided
hero member
Activity: 756
Merit: 1000
April 01, 2013, 02:20:53 PM
#1
What do you think?

Has it happened before?

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