Topic: [Payout Updates] Bitcoinica site is taken offline for security investigation - page 49. (Read 156711 times)

Everyone should be using 2 factor auth on their Google accounts in addition to strong, unique passwords.

Zhou, you reseted my password, I have an  email from you (on the 3rd of april), but when i put it in password form it says "No password hash found please contact [email protected] to request manual verification".

http://i068.radikal.ru/1206/4e/cabff0c7e341.png

You hadn't changed your password?

Fck, the hacker attempted to login to my email that i used for bitcoinica . Google caught it in time and locked my account.

The IP is from Guam.

  True enough.

Be fair though: price has being going steadily up for weeks, and people have kept quiet.  If the price had stayed stable (where my long was losing), and bitcoinica decided to liquidate my long, then I would have lived with the loss.

Price hasn't been stable though; and Bitcoinica are going to be damned if they do and damned if they don't.

They can't liquidate everything at the current price because all those with massively losing shorts will quite rightly go nuts at the fact that they weren't able to choose their own exit price because the website is down.

They can't liquidate everything at the original price, $4.94, because all those with longs that would lose at that price but win at today's price will quite rightly go nuts that if they had known that Bitcoinica were going to do that three weeks ago, they could at least have hedged.

Their only non-"go nuts" option was to take a loss themselves and liquidate everything at its most favourable price -- then or now.  With price shooting up, that becomes less and less likely as that would be an impossible to take loss.  Even liquidating at the average price becomes less and less likely, as that's uncomfortably high for them too.

My guess then, is that the only reasonable option they have available to them is to cancel all positions rather than liquidate them at a price; and simply refund the margins.  That would be like when bookies have to do an "all bets cancelled" because of unforeseen events.  Depending on the ratio between shorts, longs and BTC and USD held, that could easily turn out to be expensive too -- they might suddenly find they have too much USD and not enough BTC to refund margins.  They'll have to buy some then, but the price has gone up 20%.  So that'll be another 20% loss on top of the stolen 20%.

Bitcoinica... your delays are making things worse, not better for you.  Or are you hoping that the price is going to tumble back to $5?

$5.93 and no way to hedge, or sell.

I'm pretty patient, but this is getting painful to watch, while Bitcoinica sit on funds.

Get that liquidation policy worked out and published: fast.

Yes, Zhou confirmed that not getting anything back is a good thing.  If it was wrong, then you would have seen a message about it.

Edited my post to provide some more details. The "Identification - True" seems to be related to whether you said on your claim page whether you are ok with providing identification to speed up the verification process, as it was already there before any password was entered. I have no idea whether the password I entered was correct or if I made a typo. I hope the fact that the password field is gone means that it was correct.

I'm getting the same thing.  The only thing that worries me is that I haven't officially sent them an address to send my bitcoins to.  I'm hoping that information is requested next.

I'm getting the same "Identification - True" text, so I guess it's verified now. Now we wait. Hopefully my funds will be returned to me soon

Edit: A friend of mine just went to the claims page to enter his password, but it already said "Identification - True", while the password box was still there. The "Identification - True" field seems to be whether you said in your claim form that you are ok with providing identification to speed up verification. So I have no idea whether the password I entered was correct or if I made a typo. Hopefully the fact the field is now gone means that it was ok. We'll wait and see I guess.

My claim dating from the Swap's interest introduction has been received, I would be happy to submit it to this arbitration service if Bitcoinica were willing to accept this, http://www.judge.me/

I had the same 2 emails re password authentication, I entered it on the claims page & it then changed to: Identification - True (where the password enter box was before). So that seems to have worked OK.



edit: sry, seems that the Identification: True part was there all along & that the PW entry field disappearing after entering the PW shows that it was entered correctly.

Yes. Patrick Strateman:

Do we even know those emails come from bitcoinica?

If not, someone is getting a lot of plain text passwords and account information.

The sad thing is whichever one is true will still buy some time.

1) buy time
or
2) the hope that if there are duplicate claims for an account only the rightful owner will enter his password

It could be either but I got the same message and I opened my account only days before the breakin. But even so, what other possible legit use for our passwords could there be?

I tried all passwords I ever had on my account, they all look like EA29l8H>hHYfP[chcfFWC){0w7K(qWKR but I somehow sure that I remember all of them correctly.

And the account in question was created in 2011. This is why I thought (rightly or wrongly) that this is simply a harvesting operation without any database to compare with.

VERY unlikely
my account is very old and i never changed my password.
also: i had a verified bitcoinica account and send my passport to [email protected]

this should be the best proove (even the md5 hash of both passport pdf files is the same)

Seriously people, If this is real, They can't find a hash cause they are probably using an old backup. How hard is that to surmise from that sentence?

same here