Possible Local Bitcoins 800 BTC hack or exist scam

indiemax

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Quote from: uhoh on April 26, 2015, 02:09:48 PM

Why anyone thinks that an entity like Localbitcoins would exit scam is just fucking ridiculous.

They earn 1% on every transaction and they have proven themselves secure over the years (despite a lot of downtime). They'd have to be completely braindead to cut and run, they have the perfect bitcoin-only business without any regulatory burden!

Exactly this^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Grin

uhoh

hero member

Activity: 742

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Circle gets the Square

Why anyone thinks that an entity like Localbitcoins would exit scam is just fucking ridiculous.

They earn 1% on every transaction and they have proven themselves secure over the years (despite a lot of downtime). They'd have to be completely braindead to cut and run, they have the perfect bitcoin-only business without any regulatory burden!

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: tss on April 26, 2015, 11:37:38 AM

Quote from: redsn0w on April 26, 2015, 04:07:17 AM

Quote from: ?? on ??

Quote from: coinableS on April 25, 2015, 11:55:34 PM

People are posting "scam confirmed". Pretty sure they are just ~~shorters~~ CUNTS.

'people' would be a bit of a stretch for some of these entities...

...SCUM CONFIRMED!

Quote from: Dilla on April 26, 2015, 02:40:36 AM

800BTC for a scam?
That's like robbing a bank for the candy and pens, not a whole lot in the grand scheme of things. I'm sure it's a tech issue and will be resolved. Shorters are just talking their book like usual spreading bs to get their orders filled. Bitcoin is still fine and dandy.

I don't think they have not scammed .... maybe they have only transferred the bitcoin to another address (only for a security purpose).

I DON'T THINK YOU HAVE NOT READ THE POST.
clearly the issue was already resolved yet you still post your nonsense for sig campaign.

I have read the thread and I only wanted to say my personal opinion (and reply to those users). If you don't want to see my signature, use the grue's script (you can find it here: https://bitcointalksearch.org/topic/signature-adblock-script-050-1003570) or maybe better,use the ignore function. Have a great day.

tss

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Quote from: redsn0w on April 26, 2015, 04:07:17 AM

Quote from: ?? on ??

Quote from: coinableS on April 25, 2015, 11:55:34 PM

People are posting "scam confirmed". Pretty sure they are just ~~shorters~~ CUNTS.

'people' would be a bit of a stretch for some of these entities...

...SCUM CONFIRMED!

Quote from: Dilla on April 26, 2015, 02:40:36 AM

800BTC for a scam?
That's like robbing a bank for the candy and pens, not a whole lot in the grand scheme of things. I'm sure it's a tech issue and will be resolved. Shorters are just talking their book like usual spreading bs to get their orders filled. Bitcoin is still fine and dandy.

I don't think they have not scammed .... maybe they have only transferred the bitcoin to another address (only for a security purpose).

I DON'T THINK YOU HAVE NOT READ THE POST.
clearly the issue was already resolved yet you still post your nonsense for sig campaign.

Victor Beckham

full member

Activity: 243

Merit: 100

Quote from: RussianRaibow on April 26, 2015, 10:39:32 AM

Quote from: abercrombie on April 25, 2015, 09:23:57 PM

Possible Local Bitcoins hack or exist scam. 802 Bitcoins exited their hotwallet per this thread. Everybody going crazy in the forum since nobody can transfer coins out of local bitcoins.

https://blockchain.info/address/1NYMsMiSyiGNbn3LVsyeYKaUBXEUBxoHjR

is crypto done??

No. What is the best LocalBitcoins alternative ? Move over there...

www.100bit.co.in is the best alternative IMO.

Key Features :-

1. Does not require bitcoin to stay deposited in the site. User deposits at the time of trading.

2. Bitcoin can be traded against both FIAT & Alt coins.

3. Trading cost 0.1% of the trade amount.

Downside: Low volume as it is new.

RussianRaibow

hero member

Activity: 616

Merit: 500

I AM A SCAMMER

Quote from: abercrombie on April 25, 2015, 09:23:57 PM

Possible Local Bitcoins hack or exist scam. 802 Bitcoins exited their hotwallet per this thread. Everybody going crazy in the forum since nobody can transfer coins out of local bitcoins.

https://blockchain.info/address/1NYMsMiSyiGNbn3LVsyeYKaUBXEUBxoHjR

is crypto done??

No. What is the best LocalBitcoins alternative ? Move over there...

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

Quote from: dloghwak on April 26, 2015, 08:43:40 AM

Quote from: derpinheimer on April 25, 2015, 09:35:18 PM

Quote from: Morecoin Freeman on April 25, 2015, 09:34:04 PM

Quote from: abercrombie on April 25, 2015, 09:23:57 PM

is crypto done?? Huh

Weird conclusion lol.

Localbitcoins is the CEO of bitcoin! If they are gone, that means we have no one to guide us sheep! What do we do then? Sell!

You know nothing Jon Snow. We all do know the CEO of bitcoin died already.

It's funny how media reports talk about CEOs of Bitcoin, sometimes they say the CEO of Bitcoin is Satoshi, other times they say it was the person that commited suicide, whats next, Winklevii as the CEOs of BTC?

dloghwak

sr. member

Activity: 290

Merit: 250

Quote from: derpinheimer on April 25, 2015, 09:35:18 PM

Quote from: Morecoin Freeman on April 25, 2015, 09:34:04 PM

Quote from: abercrombie on April 25, 2015, 09:23:57 PM

is crypto done?? Huh

Weird conclusion lol.

Localbitcoins is the CEO of bitcoin! If they are gone, that means we have no one to guide us sheep! What do we do then? Sell!

You know nothing Jon Snow. We all do know the CEO of bitcoin died already.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: ?? on ??

Quote from: coinableS on April 25, 2015, 11:55:34 PM

People are posting "scam confirmed". Pretty sure they are just ~~shorters~~ CUNTS.

'people' would be a bit of a stretch for some of these entities...

...SCUM CONFIRMED!

Quote from: Dilla on April 26, 2015, 02:40:36 AM

800BTC for a scam?
That's like robbing a bank for the candy and pens, not a whole lot in the grand scheme of things. I'm sure it's a tech issue and will be resolved. Shorters are just talking their book like usual spreading bs to get their orders filled. Bitcoin is still fine and dandy.

I don't think they have not scammed .... maybe they have only transferred the bitcoin to another address (only for a security purpose).

lay785

sr. member

Activity: 266

Merit: 250

issue was fixed hours ago.......

Zeroxal

hero member

Activity: 896

Merit: 508

I couldnt withdraw my 0.3 btc this morning. That is all btc I have, so lets hope localbtc announces some good news instead of bad one.
Maybe they are recoding the whole system and needed to use another hot wallet

elasticband

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Activity: 1036

Merit: 1000

Nighty Night Don't Let The Trolls Bite Nom Nom Nom

Quote from: Amph on April 26, 2015, 03:41:16 AM

is this that caused the today small dump? even a small amount like that can start a chain of panic, that can cause a massive dump, don't underestimate it

these little scams remind me of the small thief that steals people's money on the street, fiat isn't any different, is actually worse than bitcoin, when we talk about being robbed...

Wow you have a high post count

Amph

legendary

Activity: 3248

Merit: 1072

is this that caused the today small dump? even a small amount like that can start a chain of panic, that can cause a massive dump, don't underestimate it

these little scams remind me of the small thief that steals people's money on the street, fiat isn't any different, is actually worse than bitcoin, when we talk about being robbed...

Dilla

hero member

Activity: 588

Merit: 500

800BTC for a scam?
That's like robbing a bank for the candy and pens, not a whole lot in the grand scheme of things. I'm sure it's a tech issue and will be resolved. Shorters are just talking their book like usual spreading bs to get their orders filled. Bitcoin is still fine and dandy.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

SCAM CONFIRMED!

Hunyadi

legendary

Activity: 1281

Merit: 1000

☑ ♟ ☐ ♚

I highly doubt Local Bitcoins would bother to perform exit scam of just 800 BTC Grin

Actually, I think they are one of the most trustworthy companies out there.

lyth0s

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Activity: 1260

Merit: 1000

World Class Cryptonaire

Quote from: uhoh on April 26, 2015, 12:22:06 AM

Back online.

Were you able to actually send bitcoins out of localbitcoins? From what I can see if they are actually sending they aren't using their usual hot wallet. Do you have the address they sent from?

uhoh

hero member

Activity: 742

Merit: 500

Circle gets the Square

Back online.

lyth0s

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Merit: 1000

World Class Cryptonaire

Quote from: BlindMayorBitcorn on April 26, 2015, 12:15:50 AM

Quote from: lyth0s on April 26, 2015, 12:13:47 AM

Quote from: ?? on ??

Quote from: twister on April 25, 2015, 11:51:07 PM

Quote from: lyth0s on April 25, 2015, 11:26:47 PM

Quote from: coinableS on April 25, 2015, 11:13:33 PM

800 BTC hardly seems enough for an exit scam. Localbitcoins has been going for years, sounds like a legit tech issue, or at worst a hack, but exit scam no way doesn't make sense.

The 802 Bitcoins is just their hot wallet. They may have a cold wallet with addresses that aren't well known.

Let's hope it is in-fact a bug or something. What's concerning is that the support has not yet posted anything about it, not on that thread or on twitter.

https://localbitcoins.com/forums/#!/general-discussion:error-sending-out-bitcoins

Thomas.LocalbitcoinsAdmin 2hrs ago General discussion

Error Sending Out Bitcoins

Our apologies. The developers are working on it – and while we do not have an ETA – please be assured that balances are safe and we'll do our best to get this fixed ASAP.

Sorry for any inconvenience this is causing users

Only problem with that is that the hot wallet was emptied yesterday: https://blockchain.info/tx/aaa64e2f1730fbf400df9cca30efbabf8b1dc437a6b00e516edefe4eb7bcc4f1

287 confirmations already.

Edit: By yesterday I mean on 4/24/15.

Did they go to one (known) address? Are they still there?

The bulk of their hot wallet coins went to a single address on 4/24/15 and they are still there. They still have about 50 bitcoins in their normal hot wallet addresses, not sure how that plays a role.

They usually reuse the same internal addresses all the time, but the address the 800+ BTC went to is new.

BlindMayorBitcorn

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Activity: 1260

Merit: 1116

Quote from: lyth0s on April 26, 2015, 12:13:47 AM

Quote from: ?? on ??

Quote from: twister on April 25, 2015, 11:51:07 PM

Quote from: lyth0s on April 25, 2015, 11:26:47 PM

Quote from: coinableS on April 25, 2015, 11:13:33 PM

800 BTC hardly seems enough for an exit scam. Localbitcoins has been going for years, sounds like a legit tech issue, or at worst a hack, but exit scam no way doesn't make sense.

The 802 Bitcoins is just their hot wallet. They may have a cold wallet with addresses that aren't well known.

Let's hope it is in-fact a bug or something. What's concerning is that the support has not yet posted anything about it, not on that thread or on twitter.

https://localbitcoins.com/forums/#!/general-discussion:error-sending-out-bitcoins

Thomas.LocalbitcoinsAdmin 2hrs ago General discussion

Error Sending Out Bitcoins

Our apologies. The developers are working on it – and while we do not have an ETA – please be assured that balances are safe and we'll do our best to get this fixed ASAP.

Sorry for any inconvenience this is causing users

Only problem with that is that the hot wallet was emptied yesterday: https://blockchain.info/tx/aaa64e2f1730fbf400df9cca30efbabf8b1dc437a6b00e516edefe4eb7bcc4f1

287 confirmations already.

Edit: By yesterday I mean on 4/24/15.

Did they go to one (known) address? Are they still there?

Topic: Possible Local Bitcoins 800 BTC hack or exist scam (Read 2546 times)