Stamp hot wallet problem? - page 3. | Bitcointalksearch.org

RyNinDaCleM

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Quote from: smoothie on January 04, 2015, 11:54:30 PM

Quote from: jl2012 on January 04, 2015, 11:43:26 PM

It is a bad idea to ask your customers to send bitcoin to your hot wallet. In this case, the amount of hot bitcoin could not be controlled and it is difficult to manage the risk.

Bitcoin should be sent to a cold wallet, and manually replenish the hot wallet if needed.

this ^.

Seems they have it backwards.

Yes, but if it's a bug in the way keys are handled, then the cold wallet could end up with the same problem and it's a much larger problem at that point. Something simple like a flipped bit can cause this.

smoothie

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Quote from: jl2012 on January 04, 2015, 11:43:26 PM

It is a bad idea to ask your customers to send bitcoin to your hot wallet. In this case, the amount of hot bitcoin could not be controlled and it is difficult to manage the risk.

Bitcoin should be sent to a cold wallet, and manually replenish the hot wallet if needed.

this ^.

Seems they have it backwards.

seleme

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so confirmed

Wandererfromthenorth

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The deposit page shows this:

seleme

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Quote from: redhawk979 on January 04, 2015, 11:45:56 PM

Official Posting

https://www.bitstamp.net/article/bitcoin-withdraws-suspended/

That's from February 2013

Quote

Withdrawals which failed on the 10th and 11th of February will be canceled and the amounts added back to the customer account balances.

redhawk979

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Official Posting

https://www.bitstamp.net/article/bitcoin-withdraws-suspended/

jl2012

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It is a bad idea to ask your customers to send bitcoin to your hot wallet. In this case, the amount of hot bitcoin could not be controlled and it is difficult to manage the risk.

Bitcoin should be sent to a cold wallet, and manually replenish the hot wallet if needed.

smoothie

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Quote from: MrTeal on January 04, 2015, 11:31:52 PM

Quote from: seleme on January 04, 2015, 11:24:04 PM

Quote from: smoothie on January 04, 2015, 11:21:22 PM

Why would they not have a backup of the hot wallet private keys?

Absurd...

Could someone stole their keys and emptied the hot wallet so they don't want people to send to those addresses again?

I would agree with this interpretation. Lost doesn't mean "We can't find them anymore", lost means someone else might know all the hot wallet private keys.

They were not specific which meaning it was. Until then it is simply speculation Cheesy

Wandererfromthenorth

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Ok I just checked if I received the email, I didn't...

Morecoin Freeman

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Scary news. I have a lot of trust in bitstamp though. They will probably come with a fix soon.

MrTeal

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Quote from: seleme on January 04, 2015, 11:24:04 PM

Quote from: smoothie on January 04, 2015, 11:21:22 PM

Why would they not have a backup of the hot wallet private keys?

Absurd...

Could someone stole their keys and emptied the hot wallet so they don't want people to send to those addresses again?

I would agree with this interpretation. Lost doesn't mean "We can't find them anymore", lost means someone else might know all the hot wallet private keys.

seleme

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Quote from: smoothie on January 04, 2015, 11:21:22 PM

Why would they not have a backup of the hot wallet private keys?

Absurd...

Could someone stole their keys and emptied the hot wallet so they don't want people to send to those addresses again?

smoothie

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Why would they not have a backup of the hot wallet private keys?

Absurd...

seleme

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Quote from: Wandererfromthenorth on January 04, 2015, 11:19:10 PM

Quote from: shmadz on January 04, 2015, 11:14:29 PM

Quote from: Wandererfromthenorth on January 04, 2015, 11:09:31 PM

Quote from: shmadz on January 04, 2015, 11:03:33 PM

Quote from: seleme on January 04, 2015, 11:00:30 PM

this might push us down.

Or up? Can't send coins to the exchange to dump?

Don't worry, they got plenty:

You're sure about that?

Had any one tried withdrawing bitcoin from their account recently? Or fiat for that matter?

BitcoinBravo (trader from twitter, legit guy) said "Come on TeamSpeak and speak to BTC Traders that can't get their coins out" on the reddit thread. Don't know if true.

I don't have any funds in there right now so I can't try...

They have frozen withdrawals.

seleme

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If their cold wallet is OK, I guess we'll be fine. I don't trade there for months but I believe they are legit enough to deal with it in good manner unless it's some catastrophic event.

Wandererfromthenorth

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Quote from: shmadz on January 04, 2015, 11:14:29 PM

Quote from: Wandererfromthenorth on January 04, 2015, 11:09:31 PM

Quote from: shmadz on January 04, 2015, 11:03:33 PM

Quote from: seleme on January 04, 2015, 11:00:30 PM

this might push us down.

Or up? Can't send coins to the exchange to dump?

Don't worry, they got plenty:

You're sure about that?

Had any one tried withdrawing bitcoin from their account recently? Or fiat for that matter?

"Come on TeamSpeak and speak to BTC Traders that can't get their coins out" on the reddit thread. Don't know if true.

I don't have any funds in there right now so I can't try...

smoothie

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