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Topic: Stamp hot wallet problem? - page 3. (Read 4314 times)

legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
January 05, 2015, 12:57:58 AM
#30
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.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 05, 2015, 12:54:30 AM
#29
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.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
January 05, 2015, 12:53:22 AM
#28
so confirmed
hero member
Activity: 742
Merit: 500
January 05, 2015, 12:49:36 AM
#27
The deposit page shows this:


legendary
Activity: 2772
Merit: 1028
Duelbits.com
January 05, 2015, 12:47:05 AM
#26

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.
sr. member
Activity: 271
Merit: 250
legendary
Activity: 1792
Merit: 1087
January 05, 2015, 12:43:26 AM
#24
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.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 05, 2015, 12:40:33 AM
#23
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
hero member
Activity: 742
Merit: 500
January 05, 2015, 12:34:56 AM
#22
Ok I just checked if I received the email, I didn't...


hero member
Activity: 854
Merit: 503
Legendary trader
January 05, 2015, 12:33:25 AM
#21
Scary news. I have a lot of trust in bitstamp though. They will probably come with a fix soon.
legendary
Activity: 1274
Merit: 1004
January 05, 2015, 12:31:52 AM
#20
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.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
January 05, 2015, 12:24:04 AM
#19
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?
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 05, 2015, 12:21:22 AM
#18
Why would they not have a backup of the hot wallet private keys?

Absurd...
legendary
Activity: 2772
Merit: 1028
Duelbits.com
January 05, 2015, 12:20:21 AM
#17
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.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
January 05, 2015, 12:19:46 AM
#16
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.
hero member
Activity: 742
Merit: 500
January 05, 2015, 12:19:10 AM
#15
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...
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 05, 2015, 12:18:40 AM
#14
Doesn't sound disastrous, whatever it is. Already deposited coins not affected.

Or so they say.

I always keep a very pessimistic approach to anything that is "official news" of an exchange.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
January 05, 2015, 12:16:28 AM
#13
apparently, withdrawals are frozen too.
legendary
Activity: 1512
Merit: 1000
@theshmadz
January 05, 2015, 12:14:29 AM
#12
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?
hero member
Activity: 742
Merit: 500
January 05, 2015, 12:09:31 AM
#11
this might push us down.

Or up? Can't send coins to the exchange to dump?
Don't worry, they got plenty:

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