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Topic: MyBitcoin Back Up! (with a press release) - page 3. (Read 12351 times)

newbie
Activity: 42
Merit: 0
August 05, 2011, 02:22:59 PM
#93
I read somewhere they were registered to a Nevis LLC. Forgive me If I am incorrect, I will look for the reference when I get a sec, or if anyone else can post or link (or confirm there isn't one).

It should be from the domain whois

Quote
MyBitcoin, LLC
Main Street
PO Box 556
Charlestown, Nevis
KN
newbie
Activity: 16
Merit: 0
August 05, 2011, 02:17:58 PM
#92
Mybitcoin.com used this site to mask their identity: http://www.privacyshark.com/

Funny how http://www.privacyshark.com/ has Mybitcoin.com as the way to pay for their service....
full member
Activity: 238
Merit: 100
August 05, 2011, 02:02:40 PM
#91
I read somewhere they were registered to a Nevis LLC. Forgive me If I am incorrect, I will look for the reference when I get a sec, or if anyone else can post or link (or confirm there isn't one).
full member
Activity: 125
Merit: 100
August 05, 2011, 01:32:51 PM
#90
OK

a) Never keep large amounts of bitcoins at ANY site

b) Keep the bitcoins you do have secure

c) Only transfer coins to a brokerage (1 of the main ones) when your ready to liquidate.

Be Happy and watch the crap shake out and the new infrastructure take root!

Peace---------

DKN
full member
Activity: 196
Merit: 100
August 05, 2011, 01:24:02 PM
#89
What company are you talking about? Did mybitcoin.com have company registered in Nevis? Please provide a link if you have any...
full member
Activity: 238
Merit: 100
August 05, 2011, 01:00:14 PM
#88
I will guarantee they dont live in nevis,
But it doesn't matter, the company that would be getting sued or prosecuted (Remember LLC means he is very limited in his personal liability) is a Nevis Company. Meaning a Nevis Court. Meaning you lose.

By the way, I'm not saying that it wasn't a tremendous amount of money, but Nevis Companies do this for millions everyday. It is hard to find someone who is using offshore business for the right reasons. (That being said there are Offshore companies that are publicly traded on major exchanges, and I myself have used offshore business for the proper reasons).

Also, It's not entirely out of the question that this might be resolved in some way. Which would be pretty great. It's just experience tells us that this most likely wont go well.
full member
Activity: 196
Merit: 100
August 05, 2011, 12:51:14 PM
#87
I'm almost sure they don't live in Nevis, the address belongs to anonymous domain registrant where they bought mybitcoin.com domain.
full member
Activity: 238
Merit: 100
August 05, 2011, 12:39:10 PM
#86
That hilarious,
Receivership...
This "company" is not going to pay for that...
They don't have to answer to anyone because they are in nevis.
When using an offshore company you better damn well trust them because you have ABSOLUTELY NO RECOURSE legally (a security paradox because you use them so govt's have no recourse either and cant take your money). Well pretty much you would spend more than was lost, and still lose the case because no outsiders win cases against Nevis Companies involving money.

Sorry guys, If he wants too, you are screwed.
member
Activity: 84
Merit: 10
I yam what I yam. - Popeye
August 05, 2011, 12:27:44 PM
#85
  GOXED again!

when will people learn to keep their money offline?   they could save themselves a lot of time by just throwing their money away.

For some reason people insist on keeping money online. It baffles me.
legendary
Activity: 2212
Merit: 1008
August 05, 2011, 09:33:19 AM
#84
  GOXED again!

when will people learn to keep their money offline?   they could save themselves a lot of time by just throwing their money away.
sr. member
Activity: 339
Merit: 250
August 05, 2011, 08:43:48 AM
#83
hero member
Activity: 551
Merit: 500
August 05, 2011, 08:21:49 AM
#82
rabble rabble rabble rabble!
member
Activity: 118
Merit: 10
August 05, 2011, 08:17:07 AM
#81
This could be a (poor) attempt to quell market anxieties, bolstering the price, so that the thief could then more profitably unload coins onto the market.
full member
Activity: 168
Merit: 100
Brad Willman, SSCP, LTCP, MCTS,SCE,BCE
August 05, 2011, 08:10:02 AM
#80
he finds out he got hacked and turns off withdrawls for a few days and lets you deposit. he's quiet for a week? you needed that much time to decide you got owned? or you needed that much time to plant logs on servers because you knew the heat was coming? you didn't contact authorities yourself? no FBI? wtf? you just throw up your hands and say receivership? I call serious bullshit on this Tom Williams and am so sorry for all you guys who lost money. expensive lesson.
hero member
Activity: 504
Merit: 504
PGP OTC WOT: EB7FCE3D
August 05, 2011, 08:05:32 AM
#79
That's not why MtGox got criticism. MtGox released specific statements that not just turned out to be premature and wrong, but that they had to have known were false at the time; for example, there's no way they could honestly have claimed both that it was just a single account that was compromised and that they had enough Bitcoin funds to cover their deposits because even from the outside it was easy to see they didn't have enough Bitcoins to cover the amount in that single account, let alone everyone else's deposits.

well, it seems that only 1 account got boosted with 500.000 btclike trade units and being ordered to sell at mtgox (so the 1 compromised account claim coud be truth) & they did not have to have bitcoins matching the number of trade units added to that account, just enough to cover lost bitcoins due to withdrawal. this number we do not know, but seems mtgox refunded everyone. imo also the second claim could be truth. added trade units in a DB of the trading system =/= actual bitcoins. until withdrawals happened everything was an mtgox internal db records of trades.

that's why it is important to know if the MBC attacker managed to get coins out of the service, because that's the damage done. simply service being not available is just inconvenience, as long all bitcoin accounts hold their balance.

pitty he did not warn exchanges on time.
full member
Activity: 168
Merit: 100
Brad Willman, SSCP, LTCP, MCTS,SCE,BCE
August 05, 2011, 07:47:23 AM
#78
I don't know why but something just doesnt feel right about this entire situation. the letter is not convincing
me of anything.
hero member
Activity: 812
Merit: 1022
No Maps for These Territories
August 05, 2011, 07:22:31 AM
#77
This explains part of the big drop as well; the people that stole "a large amount of Bitcoins" from "one of our pooled holding servers" probably were in a hurry to sell it off.

Too bad Tom Williams didn't simply work together with MtGox and other exchanges to get the coins back, but instead decided to disappear for a week.
legendary
Activity: 1092
Merit: 1001
August 05, 2011, 05:58:33 AM
#76
what the hell... there's a signed version somehow after all... I'm confused now:

https://www.mybitcoin.com/downloads/incident-report-2011-06-22.txt (it displays the current text, not the one from 6/22)

https://www.mybitcoin.com/index.txt

Huh



Signature checks out ok.  It's been signed by the same private key as previous messages - and as the payment notifications.

(still no proof it's not a hacker who stole the private key ..   but we've got little option but to assume it's the original 'Tom Williams' I guess)



donator
Activity: 2772
Merit: 1019
August 05, 2011, 05:52:32 AM
#75
what the hell... there's a signed version somehow after all... I'm confused now:

https://www.mybitcoin.com/downloads/incident-report-2011-06-22.txt (it displays the current text, not the one from 6/22)

https://www.mybitcoin.com/index.txt

Huh

legendary
Activity: 1092
Merit: 1001
August 05, 2011, 05:49:04 AM
#74
Here's a google cached version of an earlier posting on the site "From the desk of Tom Williams", including PGP sig:

http://webcache.googleusercontent.com/search?q=cache:EN0mtcwBftAJ:https://www.mybitcoin.com/downloads/incident-report-2011-06-22.txt+From+the+desk+of+Tom+Williams,+operator+of+MyBitcoin.com&cd=1&hl=en&ct=clnk&gl=de&source=www.google.de

You really have to wonder why the current info is not signed...

I somehow doubt it's Tom Williams talking to us...


But what is a signature using a private key that was shared with a compromised server worth anyway?
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