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Topic: mybitcoin down or just me? (Read 36199 times)

legendary
Activity: 2408
Merit: 1121
August 05, 2011, 01:17:30 PM
Shouldn't this be locked since there is a dedicated thread to this whole situation stickied above?
member
Activity: 82
Merit: 10
August 05, 2011, 10:54:49 AM
I noticed this note on their homepage today:

Quote
Thursday, August 4th, 2011

From the desk of Tom Williams, operator of MyBitcoin.com

For immediate release.

As you have probably noticed, MyBitcoin.com had been down for almost a week due to an unfortunate event.

On Friday of last week we noticed that one of our pooled holding servers was missing a large amount of Bitcoins. After a prompt investigation we realized that the security of our SCI (Shopping Cart Interface) system had been breached by an unknown attacker.

Our response was rash, but necessary. We simply switched the system off until we could have system-wide forensics performed. The forensics took some time, as the system is quite complex by nature.

After weighing all of our options, we have realized that we have no option but to go into receivership. We will settle all accounts with a online claim process that we are currently in the process of working out.

We will release more detailed information about the security breach, the claim process, and our balance sheet in the next few days.


Tom Williams
sr. member
Activity: 294
Merit: 250
August 04, 2011, 07:28:48 PM
All day long... refuses to load. What the shit, I need to do a transaction. Is it working for anyone else?

It's just you.   Grin
newbie
Activity: 51
Merit: 0
August 04, 2011, 06:09:11 PM
What an easy way to make a lot of money. Just set up a website where people voluntarily hand their funds over to you.

What do you think, does the "my" in mybitcoin represent the user or the developer?
hero member
Activity: 797
Merit: 1017
August 04, 2011, 04:51:16 PM
Ugh.  As soon as their site comes back up, I'm getting all of my BTC out of this service.  I have BitCoins in their service and now I'm totally pissed off.  I sure hope they're not going to run away with all of our BTC.  I didn't have too much in there but I did have some.

Implying it will ever come back up  Cheesy
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
August 04, 2011, 04:45:54 PM
Still weird.  Does anyone know why MyBitCoin is still down? Argh.

I suspect he took the bitcoins and sold them off the last couple days.   Undecided
newbie
Activity: 55
Merit: 0
August 04, 2011, 03:22:14 PM
Still weird.  Does anyone know why MyBitCoin is still down? Argh.
kjj
legendary
Activity: 1302
Merit: 1026
August 04, 2011, 12:47:33 PM
legendary
Activity: 1092
Merit: 1001
August 04, 2011, 12:47:23 PM
Looks like just a broken URL.

Try typing the last part of it by hand (get rid of the %5's in there)
newbie
Activity: 55
Merit: 0
August 04, 2011, 12:40:12 PM
Now my address appears to be invalid.

http://dl.dropbox.com/u/11621891/Screenshots/00j.png
newbie
Activity: 55
Merit: 0
August 04, 2011, 11:31:49 AM
Ugh.  As soon as their site comes back up, I'm getting all of my BTC out of this service.  I have BitCoins in their service and now I'm totally pissed off.  I sure hope they're not going to run away with all of our BTC.  I didn't have too much in there but I did have some.
legendary
Activity: 1092
Merit: 1001
August 02, 2011, 08:52:45 PM
EDIT:

Mybitcoin.com DO NOT have a MX-record, so the "[email protected]"-email is bogus.
Quote
jine@srv:~$ host -tANY mybitcoin.com
mybitcoin.com has SOA record ns1.systemdns.com. hostmaster.systemdns.com. 8675317 10800 3600 1209600 3600
mybitcoin.com has address 83.149.112.133
mybitcoin.com name server ns3.systemdns.com.
mybitcoin.com name server ns2.systemdns.com.
mybitcoin.com name server ns1.systemdns.com.

jine@srv:~$ host -tMX mybitcoin.com
mybitcoin.com has no MX record

I would suggest contacting http://domainhelp.opensrs.net/ as well, and explain the situation.

That is incorrect. An MX record is not necessary to receive mail. When an MX record is not present, the A record is used. The only reason to set up an MX record, other than complying with simple standards of protocol politeness, is when setting up multiple servers with priorities.

The server isn't listening on port 25 - so the statement the 'email is bogus' isn't quite warranted - but it is certainly invalid/inactive at the moment.
Nobody can send email to any address under the mybitcoin.com domain.





sr. member
Activity: 249
Merit: 251
August 02, 2011, 08:42:39 PM
EDIT:

Mybitcoin.com DO NOT have a MX-record, so the "[email protected]"-email is bogus.
Quote
jine@srv:~$ host -tANY mybitcoin.com
mybitcoin.com has SOA record ns1.systemdns.com. hostmaster.systemdns.com. 8675317 10800 3600 1209600 3600
mybitcoin.com has address 83.149.112.133
mybitcoin.com name server ns3.systemdns.com.
mybitcoin.com name server ns2.systemdns.com.
mybitcoin.com name server ns1.systemdns.com.

jine@srv:~$ host -tMX mybitcoin.com
mybitcoin.com has no MX record

I would suggest contacting http://domainhelp.opensrs.net/ as well, and explain the situation.

That is incorrect. An MX record is not necessary to receive mail. When an MX record is not present, the A record is used. The only reason to set up an MX record, other than complying with simple standards of protocol politeness, is when setting up multiple servers with priorities.
newbie
Activity: 48
Merit: 0
August 02, 2011, 05:51:39 PM
There's no reason to believe this was a one man show or that there was no support staff. Income was generated by text ads.

True, that  was my assumption, based on the cliche of a smart programmer who started a site and when it became popular and heavy duty, s/he was not prepared for that.
I never noticed the text ads. Taking the number of users/visitors into account, this could have been a source of income to cover the operation costs of the service.

And maybe it's Satoshi and Tom Williams is just another pseudonym and this is a lesson about centralizing stuff in a decentralized system. Last time someone was pointing with a finger to MtGox (for the same reason, too big, too central) and suggested a DDoS to prove his point, he suddenly became very unpopular and when a DDoS happened, he was forced out of business. If not forced, at leas he earned lot of hate speech. I dont believe Tom and Satoshi are the same collective but wouldn't it be ironic?

Satoshi could have mined 100's of bitcoins in 2010 if he wanted, and maybe he did. No point in running a scam worth a few hundreds of btc.
newbie
Activity: 48
Merit: 0
August 02, 2011, 05:39:43 PM
If only we had some kind of currency system that would make these centralized points of failure obsolete...

Lol
hero member
Activity: 560
Merit: 500
August 02, 2011, 12:47:49 PM

Sorry, this comes from sifting through pages and pages of newbies posting "MyBItcoin is a scam!" threads. I realize that discussion is the first step, but as no one seems to be taking any action, it is pretty obvious that these forums not organized enough to actually get involved in an investigation without someone making the first step.

Forgive me if I came across bossy and generalizing too much.
It was a joke. You quoted my name xD
hero member
Activity: 560
Merit: 500
August 02, 2011, 12:28:04 PM
kjj
legendary
Activity: 1302
Merit: 1026
August 02, 2011, 08:51:26 AM
http://who.is/dns/mybitcoin.com/

Anyone else notice there is no MX record?  How was email to domain addresses supposed to be delivered?

MX records are not necessary for mail delivery.  They are only needed in complex domains, or when backup servers are desired.
hero member
Activity: 868
Merit: 1000
August 02, 2011, 05:59:11 AM
Exactly what authorities did they need to worry about?

Whatever authorities are applicable where they conduct business. For example, here in Germany, it simply doesn't matter if your webserver and /or your company mailbox is located in Tuvalu, Nigeria, the Caymans, or on Sealand. You'll have to explain what you did to local authorities if you were offering a service to a local person.
I don't know where the guy(s) behind mybitcoin live, but the same may apply for them, depending on their local jurisdiction.


they've chosen to incorporate somewhere which makes pursuing any claims against them difficult

Absolutely.

The thing is that we don't really know who "they" are, much less where they're actually located.  There's no reason to believe that they've registered the LLC in the name of the actual owners, and it's unlikely that their agent is going to disclose the identities of the owners - no foreign authorities have the jurisdiction to compel them to do so, and Nevis authorities are going to be totally uninterested unless they've committed actual offences under Nevis law.  It's possible that they have no assets located in Nevis either.

Realistically, even if someone who has lost Bitcoins can get their local authorities involved, there's a strong likelihood that any investigation will reach a dead end.
qwk
donator
Activity: 3542
Merit: 3413
Shitcoin Minimalist
August 02, 2011, 04:58:14 AM
Exactly what authorities did they need to worry about?

Whatever authorities are applicable where they conduct business. For example, here in Germany, it simply doesn't matter if your webserver and /or your company mailbox is located in Tuvalu, Nigeria, the Caymans, or on Sealand. You'll have to explain what you did to local authorities if you were offering a service to a local person.
I don't know where the guy(s) behind mybitcoin live, but the same may apply for them, depending on their local jurisdiction.


they've chosen to incorporate somewhere which makes pursuing any claims against them difficult

Absolutely.
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