Topic: mybitcoin down or just me? - page 2. (Read 36199 times)
*cough* I just realized why they didn't want someone like me selling them a Dedi to help host one of their sites (MemCached, look it up...).
Legally, they might be have been able to just sit back and relax, they wouldn't necessarily have been held liable for the damage. But do you think they would want to go through the investigations including the usual authorities? Did they pay their taxes? Do you think they really did everything the way they should have? I mean, look at it, they did a lot to cover their identity and catered to a community of Tor users, they obviously never wanted to deal with authorities in the first place.
They faced two alternatives:
a) painstakingly explaining what happened, why they didn't prevent it from happening, why they didn't run their business the way you should "normally" run it
b) wave a "bite my shiny metal a**" good bye to the crowd, Bender style
This is all just wild speculation on my part, though, and the real story may have been completely different. I honestly don't know.
Exactly what authorities did they need to worry about? Certainly not those in Nevis. It's an off-shore haven which doesn't even require the identities of the owners to be disclosed when an LLC is formed, and any lawsuits against a Nevis LLC pretty much require a Nevis court to grant a lien against the company's assets. There is no requirement that the owners of a Nevis LLC reside in Nevis. And there are no local taxes payable on money earned outside of Nevis. Intentionally or otherwise, they've chosen to incorporate somewhere which makes pursuing any claims against them difficult
I think the site got hit big time after the Mt. gox hack and the guy quit after that.
Probably the most likely explanation. MyBitcoin may have reacted too slowly after the MtGox hack, and a number of their wallets were subsequently hacked with the usernames / passwords from the MtGox user list. They knew they couldn't refund those wallets, so they decided to just make a run.
While any decent business should move fast to protect it's customers in such a situation... would mybitcoin technically be liable for this?
Using the same password on multiple sites would often violate the terms of service - and put the fault for any loss squarely on the user.
In such a situation the operator could just refuse to take responsibility. They could also do something like agree to pay half back over time out of future profits if they wanted to try to claw back some good will from those affected.
Legally, they might be have been able to just sit back and relax, they wouldn't necessarily have been held liable for the damage. But do you think they would want to go through the investigations including the usual authorities? Did they pay their taxes? Do you think they really did everything the way they should have? I mean, look at it, they did a lot to cover their identity and catered to a community of Tor users, they obviously never wanted to deal with authorities in the first place.
They faced two alternatives:
a) painstakingly explaining what happened, why they didn't prevent it from happening, why they didn't run their business the way you should "normally" run it
b) wave a "bite my shiny metal a**" good bye to the crowd, Bender style
This is all just wild speculation on my part, though, and the real story may have been completely different. I honestly don't know.
I think the site got hit big time after the Mt. gox hack and the guy quit after that.
Probably the most likely explanation. MyBitcoin may have reacted too slowly after the MtGox hack, and a number of their wallets were subsequently hacked with the usernames / passwords from the MtGox user list. They knew they couldn't refund those wallets, so they decided to just make a run.
While any decent business should move fast to protect it's customers in such a situation... would mybitcoin technically be liable for this?
Using the same password on multiple sites would often violate the terms of service - and put the fault for any loss squarely on the user.
In such a situation the operator could just refuse to take responsibility. They could also do something like agree to pay half back over time out of future profits if they wanted to try to claw back some good will from those affected.
Legally, they might be have been able to just sit back and relax, they wouldn't necessarily have been held liable for the damage. But do you think they would want to go through the investigations including the usual authorities? Did they pay their taxes? Do you think they really did everything the way they should have? I mean, look at it, they did a lot to cover their identity and catered to a community of Tor users, they obviously never wanted to deal with authorities in the first place.
They faced two alternatives:
a) painstakingly explaining what happened, why they didn't prevent it from happening, why they didn't run their business the way you should "normally" run it
b) wave a "bite my shiny metal a**" good bye to the crowd, Bender style
This is all just wild speculation on my part, though, and the real story may have been completely different. I honestly don't know.
Help!! Anyone from Holland around here?!
here here
I think the site got hit big time after the Mt. gox hack and the guy quit after that.
Probably the most likely explanation. MyBitcoin may have reacted too slowly after the MtGox hack, and a number of their wallets were subsequently hacked with the usernames / passwords from the MtGox user list. They knew they couldn't refund those wallets, so they decided to just make a run.
Makes perfect sense to me.
While any decent business should move fast to protect it's customers in such a situation... would mybitcoin technically be liable for this?
Using the same password on multiple sites would often violate the terms of service - and put the fault for any loss squarely on the user.
In such a situation the operator could just refuse to take responsibility. They could also do something like agree to pay half back over time out of future profits if they wanted to try to claw back some good will from those affected.
edit: It doesn't make perfect sense to me. The operator could have taken a hard-nosed attitude and kept mybitcoins running.
For a catastrophic hack for which mybitcoins is obviously at fault, it would make sense that a certain type of operator might just run.. but not just because a few users had compromised passwords due to a completely external issue.
JUST FOR THE NEWS
Important Announcement Regarding the Mybitcoin.com Downtime
https://bitcointalk.org/index.php?topic=33646.0;topicseen
Important Announcement Regarding the Mybitcoin.com Downtime
https://bitcointalk.org/index.php?topic=33646.0;topicseen
I think the site got hit big time after the Mt. gox hack and the guy quit after that.
Probably the most likely explanation. MyBitcoin may have reacted too slowly after the MtGox hack, and a number of their wallets were subsequently hacked with the usernames / passwords from the MtGox user list. They knew they couldn't refund those wallets, so they decided to just make a run.
Makes perfect sense to me.
Hmm. A court order from Holland, didn't think of that. Was thinking filing an injunction in Federal court in the U.S. would be the way to go. Leaseweb is a Netherlands Company, Nevis is in the Commonwealth under the UK, according to wikipedia page. But leaseweb also has a U.S. office.
http://www.leaseweb.com/en/about-us/contact
Looking at block explorer for all the transactions I had with mybitcoin, the money gets sent to my mybitcoin address, then immediately gets sent to another address internally by mybitcoin, then there is a series of internal transfers. It is too complicated to follow by hand, someone would need to write a script to track where all the btc went.
In any case, it should be possible with a little scripting to trace every last satoshi to where it is now using blockexplorer. This should be done ASAP, so we know where he put all the stolen btc. Then we can program a hook into the bitcoin p2p network to find out the IP address connecting with the addresses with the stolen btc, find out where he is (by subpoena), and send in the goon squad.
So the solution as I see it is to
1) file a class action suit to
2) get an injunction, while
3) programmers write script to find out address where btc are, and
4) work on a program to get IP address when bitcoin client with that address connects, so that
5) subpoena identity info of IP address, so that
6) goon squad can physically restrain "Tom Williams" or whoever to prevent further conversion of the ill-gotten gains while case proceeds in court
Now whether the suit is in the Netherlands or the U.S.A. that's an open question, and someone is going to need to pony up for a lawyer willing and able to do all this legal work, probably on a contingent basis, with little hope of reward.
I only lost about 40 - 60 btc (don't remember exactly) so it is cheaper and easier for me to just post this bit of advice and walk away.
http://www.leaseweb.com/en/about-us/contact
Looking at block explorer for all the transactions I had with mybitcoin, the money gets sent to my mybitcoin address, then immediately gets sent to another address internally by mybitcoin, then there is a series of internal transfers. It is too complicated to follow by hand, someone would need to write a script to track where all the btc went.
In any case, it should be possible with a little scripting to trace every last satoshi to where it is now using blockexplorer. This should be done ASAP, so we know where he put all the stolen btc. Then we can program a hook into the bitcoin p2p network to find out the IP address connecting with the addresses with the stolen btc, find out where he is (by subpoena), and send in the goon squad.
So the solution as I see it is to
1) file a class action suit to
2) get an injunction, while
3) programmers write script to find out address where btc are, and
4) work on a program to get IP address when bitcoin client with that address connects, so that
5) subpoena identity info of IP address, so that
6) goon squad can physically restrain "Tom Williams" or whoever to prevent further conversion of the ill-gotten gains while case proceeds in court
Now whether the suit is in the Netherlands or the U.S.A. that's an open question, and someone is going to need to pony up for a lawyer willing and able to do all this legal work, probably on a contingent basis, with little hope of reward.
I only lost about 40 - 60 btc (don't remember exactly) so it is cheaper and easier for me to just post this bit of advice and walk away.
something to start with... some ways it's a principle
work on the US doubt there is anybody in this community from Netherlands can support this...
I lost 77BTC I can forget about it but this experience can help to prevent in the future easy way to scam... I know I could trust less superficial site like MyBitcoin...
In any case, it should be possible with a little scripting to trace every last satoshi to where it is now using blockexplorer.
i don't think that would work since they can get mashed together with 'good' coins.
i.e. put two satoshis (one 'stolen' and one 'good') in a blender and mix on high until you have 0.00000002 btc, then separate them again by spending 1 satoshi to 2 different people... which satoshi is the 'stolen' one?
Hmm. A court order from Holland, didn't think of that. Was thinking filing an injunction in Federal court in the U.S. would be the way to go. Leaseweb is a Netherlands Company, Nevis is in the Commonwealth under the UK, according to wikipedia page. But leaseweb also has a U.S. office.
http://www.leaseweb.com/en/about-us/contact
Looking at block explorer for all the transactions I had with mybitcoin, the money gets sent to my mybitcoin address, then immediately gets sent to another address internally by mybitcoin, then there is a series of internal transfers. It is too complicated to follow by hand, someone would need to write a script to track where all the btc went.
In any case, it should be possible with a little scripting to trace every last satoshi to where it is now using blockexplorer. This should be done ASAP, so we know where he put all the stolen btc. Then we can program a hook into the bitcoin p2p network to find out the IP address connecting with the addresses with the stolen btc, find out where he is (by subpoena), and send in the goon squad.
So the solution as I see it is to
1) file a class action suit to
2) get an injunction, while
3) programmers write script to find out address where btc are, and
4) work on a program to get IP address when bitcoin client with that address connects, so that
5) subpoena identity info of IP address, so that
6) goon squad can physically restrain "Tom Williams" or whoever to prevent further conversion of the ill-gotten gains while case proceeds in court
Now whether the suit is in the Netherlands or the U.S.A. that's an open question, and someone is going to need to pony up for a lawyer willing and able to do all this legal work, probably on a contingent basis, with little hope of reward.
I only lost about 40 - 60 btc (don't remember exactly) so it is cheaper and easier for me to just post this bit of advice and walk away.
http://www.leaseweb.com/en/about-us/contact
Looking at block explorer for all the transactions I had with mybitcoin, the money gets sent to my mybitcoin address, then immediately gets sent to another address internally by mybitcoin, then there is a series of internal transfers. It is too complicated to follow by hand, someone would need to write a script to track where all the btc went.
In any case, it should be possible with a little scripting to trace every last satoshi to where it is now using blockexplorer. This should be done ASAP, so we know where he put all the stolen btc. Then we can program a hook into the bitcoin p2p network to find out the IP address connecting with the addresses with the stolen btc, find out where he is (by subpoena), and send in the goon squad.
So the solution as I see it is to
1) file a class action suit to
2) get an injunction, while
3) programmers write script to find out address where btc are, and
4) work on a program to get IP address when bitcoin client with that address connects, so that
5) subpoena identity info of IP address, so that
6) goon squad can physically restrain "Tom Williams" or whoever to prevent further conversion of the ill-gotten gains while case proceeds in court
Now whether the suit is in the Netherlands or the U.S.A. that's an open question, and someone is going to need to pony up for a lawyer willing and able to do all this legal work, probably on a contingent basis, with little hope of reward.
I only lost about 40 - 60 btc (don't remember exactly) so it is cheaper and easier for me to just post this bit of advice and walk away.
Help!! Anyone from Holland around here?!
Port 9999 is open on mybitcoin's server 83.149.112.133
So its not down, or hung, nor is it a httpd crash (that would give a closed port), someone purposely put up a firewall to block all the other ports.
If anyone who has lost a money in it the only hope you have of getting it back is to quickly get a court order in Netherlands for the hosting provider leaseweb to freeze the contents of his server and hopefully the BTC can be recovered.
So its not down, or hung, nor is it a httpd crash (that would give a closed port), someone purposely put up a firewall to block all the other ports.
If anyone who has lost a money in it the only hope you have of getting it back is to quickly get a court order in Netherlands for the hosting provider leaseweb to freeze the contents of his server and hopefully the BTC can be recovered.
I think the site got hit big time after the Mt. gox hack and the guy quit after that. Lots of warnings such as this thread https://bitcointalksearch.org/topic/mybitcoin-is-a-scam-26224
That noone heeded. Actually the OP was having to defend himself in many instances.
That noone heeded. Actually the OP was having to defend himself in many instances.
Yes. They called me "troll" and suggested I was lying. Well I weren't.
Well you could be right... I'm saying is that it seems a little odd that it would be a scam.
Even if the guy stuffed up a bit and was operating with somewhat less BTC than deposited - there would be a legitimate way out.
1)Resecure it,
2)offer it up for sale - (I'm sure you could have got some serious coin for it even just a week ago)
3)use part of the proceeds to top the balances back up.
4)Profit.
I think the site got hit big time after the Mt. gox hack and the guy quit after that. Lots of warnings such as this thread https://bitcointalksearch.org/topic/mybitcoin-is-a-scam-26224
That noone heeded. Actually the OP was having to defend himself in many instances.
That noone heeded. Actually the OP was having to defend himself in many instances.
Yes. They called me "troll" and suggested I was lying. Well I weren't.
I think the site got hit big time after the Mt. gox hack and the guy quit after that. Lots of warnings such as this thread https://bitcointalksearch.org/topic/mybitcoin-is-a-scam-26224
That noone heeded. Actually the OP was having to defend himself in many instances.
That noone heeded. Actually the OP was having to defend himself in many instances.
Doesn't this indicate to you that this was not a legitimate enterprise? That this was an automated shell corporation set up to accumulate bitcoin and then to be shut off whenever the owner was ready?
This is assuming that the person behind it knew that bitcoin would grow so big.
It doesn't assume he knew anything. He may, like everyone else, have merely speculated, and got it right enough.
Despite a few recent problems - the mybitcoin name was big enough that it would have had some serious value as a legitimate sale.
It doesn't make a lot of sense to run off with that much bitcoin - when it'll be hard to offload any time soon without bringing the exchange price down.
If he's that bullish on bitcoin that he's willing to take a slow payout by dribbling the booty into the exchanges.. then surely he'd be bullish enough to realize the potential value of mybitcoin as a legitimate sale.
Even if there was something approaching 1Million USD in BTC there... it strikes me as a dumb move to go the illegitimate way.
Doesn't this indicate to you that this was not a legitimate enterprise? That this was an automated shell corporation set up to accumulate bitcoin and then to be shut off whenever the owner was ready?
This is assuming that the person behind it knew that bitcoin would grow so big.
It doesn't assume he knew anything. He may, like everyone else, have merely speculated, and got it right enough.
Doesn't this indicate to you that this was not a legitimate enterprise? That this was an automated shell corporation set up to accumulate bitcoin and then to be shut off whenever the owner was ready?
This is assuming that the person behind it knew that bitcoin would grow so big.
http://who.is/dns/mybitcoin.com/
Anyone else notice there is no MX record? How was email to domain addresses supposed to be delivered?
Anyone else notice there is no MX record? How was email to domain addresses supposed to be delivered?
Can you translate this for the non-propeller headed?
It indicates that the domain name is configured in such a way that there is nowhere for email to go.
Doesn't this indicate to you that this was not a legitimate enterprise? That this was an automated shell corporation set up to accumulate bitcoin and then to be shut off whenever the owner was ready?
Possibly.
It would be interesting to know if email to
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