Topic: MyBitcoin.com, where did it go? - page 3. (Read 16456 times)

And did you contact them about it?

what bug was it?

I was affected by it myself and another person from my jabber list had the same problem. Some hours after reporting it to MB, they went down.

Any source where you got the info about the bug?

@ Flexcoin Founder. On your site is no contact, no adress, no phone. That's a scam to me. And lately the bitcoin community suffered enough scams.

There was a serious bug in MB some hours before they went down. Probably they just try to fix it.

Is to an answer. Havent lost a cent out of my wallet. Auto backups at random intervals. Encrypted too. Safer than an online wallet or exchange in my eyes,
[/quote]

Please, share that (method, or even script) with us.
This adds to btc value

Find hosting provider, maybe the contact info the host has actually works?

1000btc frozen, lost or stolen by MyBitcoin?

By Todd Bethell

On 12 July 2011, 1000btc MtGox to MyBitcoin.
On 28 July 2011, 1000btc MyBitcoin to MtGox.

28 June 2011, payment notification was received. 8hrs later (the site was still up) visual verification was done in account history of the transaction and correct address.
48 hrs later still no coins.

This is where I need a block explorer expert.
21 minutes after MyBitcoin received the btc block explorer shows the coins from that wallet being split and transmitted hundreds of times all the way down to 1 Satoshi.
Question:
1.   Is this normal or a sign of fraud making it impossible to track?
2.   Are all wallets effectively used as ‘pool wallets’ for payouts?
3.   While I am not accusing MyBitcoin of theft, itn’t plosible that

Block 135867 (2011-07-12 07:06:54)   1000   Received: Address   •   1DeAkzL1MBriA37pHS46Nu1xcCzJ5sPupH
1000

Block 135870 (2011-07-12 07:27:05)   1000   Sent: Address   •   17e8zfFzVkKtx4ofdeoYHhdvu1cTKCpv2r
•   1NgjsaazumvjaR3WZuLqqKEed79RneQy2Q
0
-------------------------------------------------------------------------
MyBitcoin Payment Notification
MyBitcoin Robot [[email protected]]
[email protected]
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Hello,

This is a payment notification from MyBitcoin.

You have sent Bitcoins!

Transaction Number: 245107
Transaction Date/Time: 2011-07-28 22:30:02
To: 18jsFKuKZ4w8mhdTYy9bZKKHmkZNSZrRUC
From: 19vKB489Lx1rxqS366f63mKDLXp6q3v3Ct
Amount: -1000.00
Payment Note: MtGox businessaccount1

Thank you.

-----BEGIN PGP SIGNATURE-----
Version: GnuPG/MBC v1.0

iQEcBAEBAgAGBQJOMeLqAAoJEJ+5g06lAnqF2ZYH/0FYDSmSxQa4l8+Q50e+1qEN
r9D6GXVPo5A4jXzgjtXTs2Rj2WmbLnsm2I8vc+fQFvniUiZT3nSbixVAU9wPm0w6
cTD8gNvEe+P9aNttZqGxa9xnCOVkE4ypF+n4jEmE/e3H5yh6Ix0oCI50luIeQZir
e0/5sF7ZbWDWhNta9+A6yvWYEI7KLZK+zke8EbLmB3YIDZ+EpaegrT74H6s7fHRR
cSopmnyDXX1biS8Mao7GSoTgXuPOTaMRae+4SN4pL1aoRZahWX/SsLXDj2Skjc/4
jtLBq7RLb8x3wo23IiURyzKZJr1Cw75cTULdLcNoUZajewapxIqA9DhFJK8HlSk=
=EFK8
-----END PGP SIGNATURE-----

---

Approximately 8hrs later the coins had not been credited to my MtGox account. MyBitcoin was still up. My account history showed the coins had been sent and the sent to address was verified correct.
Security Note: The instant before clicking the send button (perhaps when my mouse hovered over it) I notice a screen blink or something changed, but it was too late to avoid clicking the button.

Q1. Has my computer been compromised such that the send address was swapped at the last instant?
Q2. If this is so, how could the correct address be recorded in the MyBitcoin data base?
Q3. Is it coincidence that the MyBitcoin service has gone down for 48hrs with nary a peep from its owner? A person who was very proactive and vocal during the MtGox incident.
Q4. I’m hard pressed to think of a technical reason how or why a transaction confirmation bot would send confirmation of btc transmission before such a transmission had actually occurred. Let alone consciously programmed in this way. It would seem that the bot was part of the book keeping data base and not confirming actual transmission from a ‘hot’ wallet.
Q5. It seems that the way MyBitcoins was using the wallets of its members (pooling them as a matter of operational efficiency or draining them as a scam??) this makes it impossible to track coins or analyze if they are insolvent?
Q6. Was my 1000btc withdrawal lower to water level in his 'hot wallet' enough to show Tom was swimming without a suit? In other words, for whatever reason, he was operating insolvent?

I would not normally keep so many coins in an on-line wallet but this was in preparation for a business transaction that was delayed.

I am preparing a blog and forum post or lessons learned and recommendations going forward:

If anyone has further information please post it here and send to my email also, or give me a call.
Skype:  toddbethell
Email:  [email protected]
Cell:  1-949-394-5932

-----------------------------------------
Action taken:
Phone: +6499518329  (always busy)
Emailed: enquiries were sent to [email protected]
It is well know that Tom… only replys to ‘in-mail’ on his site.

Tom Williams
Main Street
PO Box 556
Charlestown, Nevis, KN

No one is laughing.  But those of us who've been burned need to take action so that others don't get hurt.  We should warn everyone away from mybitcoin (which seems to be pretty hard!)  We should ask their promoters like flaky Bruce Wagner to stop luring newbies into their clutches.  We should boycott businesses that use them.

Now everybody go long!

Is to an answer. Havent lost a cent out of my wallet. Auto backups at random intervals. Encrypted too. Safer than an online wallet or exchange in my eyes,

I saw that site last night, and forgot to bookmark it.
Thanks!

Have you tried BitcoinJS?

I'm talking to admin at Mt.Gox to help code up a merchant tool for WHMCS so I can start selling games.

And which shop owner runs their webshop on their computer at home? Codes their payment processor themselves and keeps an eye on it that it runs 24/7?

Store bitcoins as a bank? Sure, do that on your home computer. Run a webshop, then you want a payment provider that does all the accounting for you.

exactly !

 you meet a guy in the street :
"- hi
 - hi
 - you know I could be your bank, i m great, your money would be more secure in my pocket than in yours, you could be robbed.
 - you sure ? but who are you and where do you live ?
 - ah no, you ll never know my name and where I live, you should put all your money in my pocket.
 - ok, take it all, I trust you"

I still plan to use an online wallet of some sort.
I'm looking for an online wallet source that I can host on one of my dedicated servers, for personal use.

finally with bitcoin u have wonderful option of having ur money on ur computer,
available only to you,
and still, you fellow bitcoiners,
u use third party to hold ur money ?
it is so contradictory...

but, mother nature makes u learn,
she has time and will to teach everyone who does not think ahead,
he who doesn't remember, lives through it again and again...

What could be a compromise is if you send the confirmation when the payment has been seen on the network and actually add the funds to the account of the merchant when there is x blocks containing the payment. From what I know, when the payment has been broadcasted it is already difficult to change/undo it.


MagicalTux, mailed you.

If anyone's looking for an idiot to laugh at, I had a grand sitting there. I wish I was popping my moron cherry, but I'm pretty sure that pussy is busted up.