MyBitcoin has started spending our stolen coins - page 4.

Piper67

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Quote from: tvbcof on January 09, 2012, 10:00:23 PM

As far as I'm concerned, MyBitcoin never had any stolen BTC. The operator had BTC that a bunch of people gave him thinking that he would give them back. Poor judgement and/or laziness and/or lack of understanding of Bitcoin/money/human nature.

'jav' has got some coins I gave him using his instawallet.org service. If he walks off with them, sad day for me, but I'm certainly not going to go crying to the police or bitcointalk or anyone else. Nor am I going to hunt him down. I've put a significant amount of thought into how to protect various of my assets, and those who cannot stand the heat should stay out of the Bitcoin kitchen until the system develops more in my opinion.

Unfortunately we are in a phase now where it is becoming less practical for people to protect themselves in the 'real' way (by running a bitcoin client) due to bloat, but as far as I am aware there are not any on-line wallet services which allow the customer to control their private keys.

Bullcrap, of course. If mybitcoin had billed itself as a site that might walk away with your bitcoins, you'd have a point (and they would've had no customers).

By your faulty logic, if my bank decides one day to not return me my money, I'd have no recourse. It is ONE way in which a society could be run, but it wouldn't be a very good place to live.

tvbcof

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As far as I'm concerned, MyBitcoin never had any stolen BTC. The operator had BTC that a bunch of people gave him thinking that he would give them back. Poor judgement and/or laziness and/or lack of understanding of Bitcoin/money/human nature.

'jav' has got some coins I gave him using his instawallet.org service. If he walks off with them, sad day for me, but I'm certainly not going to go crying to the police or bitcointalk or anyone else. Nor am I going to hunt him down. I've put a significant amount of thought into how to protect various of my assets, and those who cannot stand the heat should stay out of the Bitcoin kitchen until the system develops more in my opinion.

Unfortunately we are in a phase now where it is becoming less practical for people to protect themselves in the 'real' way (by running a bitcoin client) due to bloat, but as far as I am aware there are not any on-line wallet services which allow the customer to control their private keys.

julz

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There was a podcast on agoristradio a while back where one of them discussed knowing some of the mybitcoin developers.

https://bitcointalksearch.org/topic/m.506485

Now that there is more solid evidence that the official version is a lie (as opposed to everyone just 'knowing' it)
.. it seems worthwhile pressing this guy for what he knows.

Someone with a direct stake in the issue first - but potentially police should be asking him for information I think.

RaggedMonk

sr. member

Activity: 308

Merit: 250

Quote from: piotr_n on January 09, 2012, 11:32:27 AM

The story about some alleged evil doer who managed to withdraw money from mybitcoin using a double spending method - it was all bullshit and we can prove it today.

I have been monitoring some of the addresses owned by mybitcoin, to which I used to transfer my money.
Some of them still had some coins, even after they allowed people to withdraw the "remaining" 49%.
That was weird already back then...

But recently they started spending the remaining 51%.
Check out these two - both addresses used to belong to my old mybitcoin wallet:
197oprrx1H4u6dNSDCavhB247YmBwGuWa8
1Fv74A11EWzekD5g1oWEdKkBvm6sAvJEuN

Interesting, hmm?

Nice sleuthing!

piotr_n

legendary

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aka tonikt

let's face it. the guy who invented mybitcoin and later turned it into the scum is not stupid, so i wouldn't count too much on him making a stupid mistake.
at the other hand, if he was perfectly smart, he'd have cleared all the addresses before shutting down the service.
so he obviously makes mistakes from time to time

SgtSpike

legendary

Activity: 1400

Merit: 1005

Problem is, not much tracking can be done without cooperation of some of the major exchanges and retailers, and none of them will participate or it would alienate a large part of the Bitcoin crowd from their customer base (too many people here who are absolutely paranoid about their privacy).

But, I'll still cheer on any efforts in that area!

Vandroiy

legendary

Activity: 1036

Merit: 1002

Keep at it.

Some graph analysis people might be able to find irregularities, even in coin mixing services, that can be tracked. Also, it would be good if exchanges comment whether any target addresses proven dirty are theirs.

I never had a wallet with them, but that doesn't make me a bit less angry about it. Tracking down these MyBitcoin operators would make a good example and possibly reduce the incentive for fraud. It's a real service to all of us.

These people are the real enemies of the Bitcoin community. Get them! Angry

jimrandomh

newbie

Activity: 43

Merit: 0

MyBitcoin having been a scam was obvious, but it's good to finally remove all doubt. If MyBitcoin really had been hacked, there wouldn't be any old coins stored in their receiving addresses; they would've either been transferred to a different address by the attacker, or transferred to a different address by MyBitcoin's operator, a long time ago. Unfortunately, this transaction probably involves coins being sent to a coin-mixing service, rather than directly to something linked to an identity.

(Also interesting: those addresses weren't completely cleaned out; they still have a few coins in them, after the recent withdrawals.)

gnar1ta$

donator

Activity: 798

Merit: 500

I only had a couple coins there and may still have an address - I'll have to check later. I never thought to check the balance after the "payout". Maybe there is a way to start a somewhat anonymous collection of know addresses and check the activity?

westkybitcoins

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Firstbits: Compromised. Thanks, Android!

Quote from: gnar1ta$ on January 09, 2012, 01:28:39 PM

Quote from: piotr_n on January 09, 2012, 12:37:47 PM

Even if they are spending the unclaimed coins (which I don't believe) it's still stealing our money in a daylight, isn't it?

Yes. Do you have the time to track all the addresses and hope one lands at an identifiable source? I don't. And I doubt any law enforcement agency has the time and knowledge. But if someone here has the time and can collect enough information, maybe it can go somewhere - finally?

Those with enough vested interest but not enough time or skill could always put up another bounty.

There probably won't be any way to prove the identifiable address is the thief (and it might not be), and at best you would just have to hope the owner would be willing to tell who it was "up the chain" that transferred the coins to him.

Still, there is a possibility that any revealed info might prove useful.

piotr_n

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aka tonikt

Quote from: gnar1ta$ on January 09, 2012, 01:28:39 PM

Yes. Do you have the time to track all the addresses and hope one lands at an identifiable source? I don't. And I doubt any law enforcement agency has the time and knowledge. But if someone here has the time and can collect enough information, maybe it can go somewhere - finally?

I didn't loose that much, no

gnar1ta$

donator

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Quote from: piotr_n on January 09, 2012, 12:37:47 PM

Even if they are spending the unclaimed coins (which I don't believe) it's still stealing our money in a daylight, isn't it?

Yes. Do you have the time to track all the addresses and hope one lands at an identifiable source? I don't. And I doubt any law enforcement agency has the time and knowledge. But if someone here has the time and can collect enough information, maybe it can go somewhere - finally?

Piper67

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Quote from: DeepBit on January 09, 2012, 12:52:22 PM

I can acknowledge that.

After mybitcoin "hack" some of my users told me that they accidentally sent their rewards to mybitcoin addresses that they can't access anymore.
Today I checked those addresses and found that at least some of those TXes were redeemed at 07.01.2012

Yup, pretty obvious that the "hack" was really a con job. But that was fairly clear from about a week or two after it happened, not much new to see here.

DeepBit

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We have cookies

I can acknowledge that.

After mybitcoin "hack" some of my users told me that they accidentally sent their rewards to mybitcoin addresses that they can't access anymore.
Today I checked those addresses and found that at least some of those TXes were redeemed at 07.01.2012

piotr_n

legendary

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aka tonikt

Quote from: gnar1ta$ on January 09, 2012, 12:33:01 PM

I'll buy this. I was wondering the same thing when I saw the sell volume and this post. If a decent percentage of old addresses can be found and shown to have recent activity, I don't think the unclaimed coins story will hold.

Even if they are spending the unclaimed coins (which I don't believe) it's still stealing our money in a daylight, isn't it?

gnar1ta$

donator

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Quote from: OgNasty on January 09, 2012, 12:20:11 PM

Quote from: Piper67 on January 09, 2012, 12:14:15 PM

I, for one, am quite convinced that the MyBitcoin coins were dumped as part of the massive decline from about $17 down to $2 over the last five months or so.

That's what I've believed as well. Perhaps this is showing that they're now cashing out the remainder of their stolen coins. Maybe this is the cause of the giant spike down this morning? If so, I think that would actually be a bullish development for BTC price.

I'll buy this. I was wondering the same thing when I saw the sell volume and this post. If a decent percentage of old addresses can be found and shown to have recent activity, I don't think the unclaimed coins story will hold.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: Piper67 on January 09, 2012, 12:14:15 PM

I, for one, am quite convinced that the MyBitcoin coins were dumped as part of the massive decline from about $17 down to $2 over the last five months or so.

That's what I've believed as well. Perhaps this is showing that they're now cashing out the remainder of their stolen coins. Maybe this is the cause of the giant spike down this morning? If so, I think that would actually be a bullish development for BTC price.

Tuxavant

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Bitcoin Mayor of Las Vegas

Quote from: SgtSpike on January 09, 2012, 12:09:27 PM

I understand!

Not only do you understand, you're eloquent in your explanation. Unlike some other people around here. Thank you and Fuck MyBitcoin.com.

SgtSpike

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Quote from: Piper67 on January 09, 2012, 12:14:15 PM

Quote from: SgtSpike on January 09, 2012, 12:09:27 PM

Quote from: piotr_n on January 09, 2012, 12:04:54 PM

Quote from: Tuxavant on January 09, 2012, 12:03:22 PM

I dunno... I'd have to ponder it more... but if they used a shared wallet, like instawallet, Bitcoins in your mybitcoin.com account might have actually been stored in another bitcoin address. What address you put in to is not necessarily what address you get out of.

OK - let me just make one remark here.
This topic is only meant for people who understand what I am saying.
All the rest: just shut up, please - I'm not going to explain it to you, if you haven't got the point by now.

I understand!

If hackers withdrew 50% of the coins, and the other 50% were given back to the victims, then there should be 0% left in ANY MyBitcoin addresses. The fact that the coins still exist in the original MyBitcoin addresses proves that the MyBitcoin story is completely false. Also, the fact that this is the first time the coins have moved from MyBitcoin means that whoever owned MyBitcoin is the one who moved them, which makes it all the more curious where those coins went.

Yes, SGT, we all know what he's trying to say (not that he's fantastically clear about it), but it's fairly well established that not everyone got the 51% back. The general assumption since last summer continues to be that MyBitcoin was a massive con job, most likely from the start, but certainly from the moment the "hack" took place.

As others have pointed out, the addresses don't prove anything in this particular case.

I, for one, am quite convinced that the MyBitcoin coins were dumped as part of the massive decline from about $17 down to $2 over the last five months or so. That and the allinvain coins.

Still, no way to know for sure, regardless of what the rather unlearned piotr claims.

Yeah, I suppose that's true. If the MyBitcoin story was true, and some people didn't claim their coins, and the MyBitcoin owner decided to just give up on tracing them down, then they could still have some coins left in old addresses that they are now moving.

Piper67

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Quote from: SgtSpike on January 09, 2012, 12:09:27 PM

Quote from: piotr_n on January 09, 2012, 12:04:54 PM

Quote from: Tuxavant on January 09, 2012, 12:03:22 PM

I dunno... I'd have to ponder it more... but if they used a shared wallet, like instawallet, Bitcoins in your mybitcoin.com account might have actually been stored in another bitcoin address. What address you put in to is not necessarily what address you get out of.

OK - let me just make one remark here.
This topic is only meant for people who understand what I am saying.
All the rest: just shut up, please - I'm not going to explain it to you, if you haven't got the point by now.

I understand!

If hackers withdrew 50% of the coins, and the other 50% were given back to the victims, then there should be 0% left in ANY MyBitcoin addresses. The fact that the coins still exist in the original MyBitcoin addresses proves that the MyBitcoin story is completely false. Also, the fact that this is the first time the coins have moved from MyBitcoin means that whoever owned MyBitcoin is the one who moved them, which makes it all the more curious where those coins went.

Yes, SGT, we all know what he's trying to say (not that he's fantastically clear about it), but it's fairly well established that not everyone got the 51% back. The general assumption since last summer continues to be that MyBitcoin was a massive con job, most likely from the start, but certainly from the moment the "hack" took place.

As others have pointed out, the addresses don't prove anything in this particular case.

I, for one, am quite convinced that the MyBitcoin coins were dumped as part of the massive decline from about $17 down to $2 over the last five months or so. That and the allinvain coins.

Still, no way to know for sure, regardless of what the rather unlearned piotr claims.

Topic: MyBitcoin has started spending our stolen coins - page 4. (Read 10356 times)