The Bter Exchange Cold Wallet return to zero....

redsn0w

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#Free market

Quote from: turvarya on February 21, 2015, 09:07:29 AM

Quote from: cheekychap on February 20, 2015, 01:26:41 PM

I heard that cold wallets can be hacked. But never expected BTER to be hacked, specially because they are expected to keep it much much much more secure.

You heard wrong ...

Yes, it is almost impossible to hack a cold wallet because :

- it is offline
- you don't know which wallet they have used,
- again , it is "offline".

If they had a malware/virus on their offline pc, in this case it was possible to "hack" the cold wallet. However bter has opened.

turvarya

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Quote from: cheekychap on February 20, 2015, 01:26:41 PM

I heard that cold wallets can be hacked. But never expected BTER to be hacked, specially because they are expected to keep it much much much more secure.

You heard wrong ...

cheekychap

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Activity: 182

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I heard that cold wallets can be hacked. But never expected BTER to be hacked, specially because they are expected to keep it much much much more secure.

Mad_Max

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Merit: 1001

Yes. it was definitely "cold" wallet or what was supposed to be one.
We do not know it is a theft by the owners themselves or some "inside job" (e.g theft with help of one of employees) or just weak dumb security like placing all "cold" coins in just one wallet and running it on regular internet connected computer with only difference compared to "hot" wallet was about it was NOT connected to web site and transactions made by hands not by scripts, which made hack possible.

stdset

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Activity: 572

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Quote from: turvarya on February 20, 2015, 03:32:32 AM

How can a block explorer tell you, that it was a cold wallet?

It can't tell us whether it was connected to the internet or not (whether it was really 'cold'). But it's easy to see, that before Feb 14th the last outgoing transaction from the wallet happened on Feb 2nd. In January there were 7 days when they had outgoing transactions from the wallet. It must be a cold wallet. Users withdraw bitcoins from an exchange much more often. Also it's easy find their hot wallet, this is one of their hot wallet main addresses: 17o5zDFGNvP5H2iWd7aWbhacwS1HKDE4i9 and see many more outgoing transactions.

turvarya

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Quote from: stdset on February 20, 2015, 02:13:05 AM

Quote from: bitkilo on February 19, 2015, 09:47:58 PM

but not a good move on their behalf saying it was stolen from cold wallet

A short exercice with a block explorer reveals that the wallet indeed was used as a cold wallet. Anybody can see that.

How can a block explorer tell you, that it was a cold wallet?

stdset

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Activity: 572

Merit: 506

Quote from: bitkilo on February 19, 2015, 09:47:58 PM

but not a good move on their behalf saying it was stolen from cold wallet

A short exercice with a block explorer reveals that the wallet indeed was used as a cold wallet. Anybody can see that.

bitkilo

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Activity: 1638

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https://www.bitcoin.com/

Quote from: Bralex on February 15, 2015, 08:20:07 AM

7k Bitcoin minimum stolen 'by Bter' the shady exchange no one should have trusted Roll Eyes

Most probably was the exchange stealing the coins but not a good move on their behalf saying it was stolen from cold wallet.
My best guess is that this was an inside job.
Good lesson to learn here, don't leave your coins on the exchange.

Jukulangi

newbie

Activity: 3

Merit: 0

Quote from: sgk on February 18, 2015, 11:28:33 PM

Now they're ready to sell the site to compensate user funds:

https://i.imgur.com/9HeIRhL.jpg

o my god they never comeback Sad

is bter.com worth BTC7170 ?

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Now they're ready to sell the site to compensate user funds:

verdun2003

sr. member

Activity: 308

Merit: 250

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information ([email protected]).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

stdset

hero member

Activity: 572

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Quote from: illodin on February 16, 2015, 01:57:56 AM

Quote from: ?? on ??

Quote from: mishax1 on February 15, 2015, 11:04:20 AM

How the fuck can you lose 7000 bitcoins from a cold storage, and why on earth would you keep all the funds in 1 wallet ? who taught them to do security ?

You can't. Which is why everything points it to be an inside job.

The person who transfers coins between hot and cold storage could've had a trojan on his computer? This would explain why after the normal 100 BTC transfers the actual theft happened.

What a smart insider would do? He would steal privkeys, import them to his wallet, then wait for a withdrawal from the cold wallet, immediately after that he would empty their cold wallet to make it look like they got a trojan on their cold wallet system, which wasn't truly cold if that happened.

We can't be sure what exactly happened. It looks like it was a trojan, but insider theft would probably look exctly the same.

prodigy8

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Activity: 532

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it is not recommended to keep large amounts of coin on an exchange due to the risk of exchange failure, hacking etc. I personally leave only 10% of my "Bank"

emelac

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Quote from: tss on February 17, 2015, 01:56:39 PM

Quote from: acsonline on February 17, 2015, 01:11:14 AM

Quote from: tss on February 16, 2015, 09:02:33 PM

Quote from: acsonline on February 16, 2015, 01:13:56 AM

Once again lose of 18 btc + alt i am finished first matgox, then bfl, then gaw, then chris, then due to fucking scamer Angry

its last time i am dealing with international exchanges. Now i will try to find out local exchange Sad

really.. you lost btc on all of these? even gaw? you should not pretend to have any btc anymore. no one believes you.

Yes its true starting from mtgox . And why you so serious about GAW. The major lose was with gaw. Because of their fucking 20$ promise. And i am not here to collect any charity so who cares anyone believes or not and the people wholost money in all these definitely know what i am feeling :-)

And once more gaw the largest scammers.

gaw was pretty obvious from the start. a fool and his bitcoin are easily parted.

The 20$ promise must have made them millions and acsonline is only one of thousands of others who were ripped off. A large percentage of bitcointalk members must have been ripped off by them.

tss

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Quote from: acsonline on February 17, 2015, 01:11:14 AM

Quote from: tss on February 16, 2015, 09:02:33 PM

Quote from: acsonline on February 16, 2015, 01:13:56 AM

Once again lose of 18 btc + alt i am finished first matgox, then bfl, then gaw, then chris, then due to fucking scamer Angry

its last time i am dealing with international exchanges. Now i will try to find out local exchange Sad

really.. you lost btc on all of these? even gaw? you should not pretend to have any btc anymore. no one believes you.

Yes its true starting from mtgox . And why you so serious about GAW. The major lose was with gaw. Because of their fucking 20$ promise. And i am not here to collect any charity so who cares anyone believes or not and the people wholost money in all these definitely know what i am feeling :-)

And once more gaw the largest scammers.

gaw was pretty obvious from the start. a fool and his bitcoin are easily parted.

Picasso7

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Activity: 76

Merit: 10

Who is Lin Han ?

harry_weener

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Activity: 70

Merit: 10

Quote from: acsonline on February 17, 2015, 05:39:44 AM

Quote from: ?? on ??

Quote from: hangar18 on February 17, 2015, 01:58:05 AM

be wise with your coins, do not store all your coins on an exchange

+1000

Then the only wise way that everyone haveto start there own exchange and trade only on that :-)

In-wallet trading would probably be a good alternative Wink

acsonline

member

Activity: 103

Merit: 10

Quote from: ?? on ??

Quote from: hangar18 on February 17, 2015, 01:58:05 AM

be wise with your coins, do not store all your coins on an exchange

+1000

Then the only wise way that everyone haveto start there own exchange and trade only on that :-)

acsonline

member

Activity: 103

Merit: 10

Quote from: sgk on February 17, 2015, 02:15:09 AM

Quote from: acsonline on February 16, 2015, 01:13:56 AM

Once again lose of 18 btc + alt i am finished first matgox, then bfl, then gaw, then chris, then due to fucking scamer Angry

its last time i am dealing with international exchanges. Now i will try to find out local exchange Sad

Wow... looks like all the scammers are targeting you wherever you go!
Let me know where you have kept your coins now, so that I can immediately withdraw my coins from it Cheesy

Just joking.

But seriously dude.. you were a victim of all these scams, and yet you kept 18+ BTC on a chinese exchange?
Tell me you have thousands of BTC and 18+ is nothing for you.

Nop bro now i dont have btc i have alt voins and fiat ( limited ) and start exchange with the same :-)

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: acsonline on February 16, 2015, 01:13:56 AM

Once again lose of 18 btc + alt i am finished first matgox, then bfl, then gaw, then chris, then due to fucking scamer Angry

its last time i am dealing with international exchanges. Now i will try to find out local exchange Sad

Wow... looks like all the scammers are targeting you wherever you go!
Let me know where you have kept your coins now, so that I can immediately withdraw my coins from it Cheesy

Just joking.

But seriously dude.. you were a victim of all these scams, and yet you kept 18+ BTC on a chinese exchange?
Tell me you have thousands of BTC and 18+ is nothing for you.

Topic: The Bter Exchange Cold Wallet return to zero.... (Read 5526 times)