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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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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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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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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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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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

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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

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!! HODL !!

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

verdun2003

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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

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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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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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Who is Lin Han ?

harry_weener

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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

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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

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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

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!! 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.

hangar18

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

acsonline

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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.

tss

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Activity: 742

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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.

Twipple

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Quote from: sgk on February 16, 2015, 03:52:12 AM

Quote from: johnyj on February 16, 2015, 02:49:22 AM

Start an exchange -> get lots of customer deposit -> claim to be hacked -> profit

Bitcoin lost is not in any protection of law, only fiat money, if they could just return the fiat money to users, they will get away leagally

Would be a real embarrassment and a lot of trouble for them if someone wins that 720 BTC bounty and the thief turns out to be BTER themselves.

At that point they would chose to end it , and resort to stealing.

nomad13666

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Quote from: turvarya on February 16, 2015, 03:53:41 AM

Quote from: johnyj on February 16, 2015, 02:49:22 AM

Start an exchange -> get lots of customer deposit -> claim to be hacked -> profit

Bitcoin lost is not in any protection of law, only fiat money, if they could just return the fiat money to users, they will get away leagally

What do you mean by "not in any protection of law"?
In the USA Bitcoin are property, so it is still property theft, isn't it? (not sure about other countries, not even my own ^^ )

Yep. Stealing is stealing. Period Angry

turvarya

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Quote from: johnyj on February 16, 2015, 02:49:22 AM

Start an exchange -> get lots of customer deposit -> claim to be hacked -> profit

Bitcoin lost is not in any protection of law, only fiat money, if they could just return the fiat money to users, they will get away leagally

What do you mean by "not in any protection of law"?
In the USA Bitcoin are property, so it is still property theft, isn't it? (not sure about other countries, not even my own ^^ )

sgk

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!! HODL !!

Quote from: johnyj on February 16, 2015, 02:49:22 AM

Start an exchange -> get lots of customer deposit -> claim to be hacked -> profit

Bitcoin lost is not in any protection of law, only fiat money, if they could just return the fiat money to users, they will get away leagally

Would be a real embarrassment and a lot of trouble for them if someone wins that 720 BTC bounty and the thief turns out to be BTER themselves.

nomad13666

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Quote from: johnyj on February 16, 2015, 02:49:22 AM

Start an exchange -> get lots of customer deposit -> claim to be hacked -> profit

Bitcoin lost is not in any protection of law, only fiat money, if they could just return the fiat money to users, they will get away leagally

Yep. Sad but true.

mishax1

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Quote from: johnyj on February 16, 2015, 02:49:22 AM

Start an exchange -> get lots of customer deposit -> claim to be hacked -> profit

Bitcoin lost is not in any protection of law, only fiat money, if they could just return the fiat money to users, they will get away leagally

Exactly, and while BTER went to the police to report a hacker, we should go to the police and report an inside job theft.

johnyj

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Beyond Imagination

Start an exchange -> get lots of customer deposit -> claim to be hacked -> profit

Bitcoin lost is not in any protection of law, only fiat money, if they could just return the fiat money to users, they will get away leagally

illodin

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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.

acsonline

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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

tss

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Quote from: netmonk on February 15, 2015, 08:55:13 AM

Or someone discovered the private key !

yep. discovered it in their lock box and decided to move the coin to another place, claim hacked, shutdown, profit.. woo hoo. send you btc to another exchange you greedy fools.

fran2k

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Someone said is time for the decentralized exchanges?

sgk

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!! HODL !!

Quote from: Picasso7 on February 15, 2015, 08:15:28 AM

How is possible to stole btc from cold wallet?

Insider job?

funnycoin

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Quote from: redsn0w on February 15, 2015, 11:21:13 AM

Quote from: BitCoinNutJob on February 15, 2015, 11:05:40 AM

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

wow 7k hacked that is pretty insane im guessing this is why the market dropped so hard today, people expecting dumps.

The various exchanges should start to use the multi-Sig function, an example of wallet that is using multiSing : GreenAddress ( this is their official thread here in the forum : https://bitcointalksearch.org/topic/greenaddress-open-source-multisig-wallet-service-521988).

I'm very impressive that a lot of exchanges are not using it.

Where I can find a list of exchanges that have already implemented multiSig?

nomad13666

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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.

Embezzlement Angry

Glucose

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Quote from: Jukulangi on February 15, 2015, 02:41:29 PM

Quote from: verdun2003 on February 15, 2015, 10:01:59 AM

Quote from: Twipple on February 15, 2015, 09:55:39 AM

Will they be refunding all the stolen bitcoins or will declare bankcruptcy ?

Well, it's nearly 2 million USD that are "supposedly" stolen here.

Last time I checked, they were running 400 BTC daily volumes and had, if my memory serves, 0.5% trading fee
==> 2 BTC/day of turnover on their end to which you have to remove employee salaries, server costs, taxes etc...

Assuming generously that they have a 1 BTC/day net profit, this means 365 BTC per year, at current prices this is not even 100k USD.

Therefore, they will never refund the bitcoins they stole for themselves.

by your statement
it is impossible for them back to bussiness

That's insane.. 7k BTC.. They are out of business for sure and it's probably an inside job. As long as bitcoin will be full of scammers and thieves it will be impossible for it to go mainstream.. BTC need some regulation..

mamamae

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sure thing after the last hacked nxt they had to rebuy them for 200btc and it was over 6-8 month ago
this is a little more difficult to regain control, they will pay as paycoin is doing
in 120 years or so is doable.

Jukulangi

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Quote from: verdun2003 on February 15, 2015, 10:01:59 AM

Quote from: Twipple on February 15, 2015, 09:55:39 AM

Will they be refunding all the stolen bitcoins or will declare bankcruptcy ?

Well, it's nearly 2 million USD that are "supposedly" stolen here.

Last time I checked, they were running 400 BTC daily volumes and had, if my memory serves, 0.5% trading fee
==> 2 BTC/day of turnover on their end to which you have to remove employee salaries, server costs, taxes etc...

Assuming generously that they have a 1 BTC/day net profit, this means 365 BTC per year, at current prices this is not even 100k USD.

Therefore, they will never refund the bitcoins they stole for themselves.

by your statement
it is impossible for them back to bussiness

Soul_eater_123

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Quote from: mishax1 on February 15, 2015, 11:41:22 AM

At least we know that the alts are in place therefore we should at least get those back. Angry

That's not guaranteed. It didn't happen with Mintpal - some people got their other coins back but many didn't. For all we know the thieves may have access to other hot or "cold" wallets and just may be shifting the bitcoins first. Or the people at BTER may be desperately selling what they have left in other wallets so they can get away with some money and start again (assuming it wasn't an inside job anyway). Would be interesting to know how long they knew something was wrong.

Soul_eater_123

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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 ?

Someone went in and stole the piece of paper with the private key for their cold storage on it:)

mishax1

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At least we know that the alts are in place therefore we should at least get those back. Angry

redsn0w

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#Free market

Quote from: BitCoinNutJob on February 15, 2015, 11:29:41 AM

Quote from: redsn0w on February 15, 2015, 11:21:13 AM

Quote from: BitCoinNutJob on February 15, 2015, 11:05:40 AM

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

wow 7k hacked that is pretty insane im guessing this is why the market dropped so hard today, people expecting dumps.

The various exchanges should start to use the multi-Sig function, an example of wallet that is using multiSing : GreenAddress ( this is their official thread here in the forum : https://bitcointalksearch.org/topic/greenaddress-open-source-multisig-wallet-service-521988).

I'm very impressive that a lot of exchanges are not using it.

Makes you start thinking these hacks are staged if multisig is so easy to implement. Roll Eyes

I think it will be impossible to "send" coin from a multiSig bitcoin address, if you don't know at least 2 of the 3 private keys. If they will use the multiSig (for their cold/hot wallet) I think this type of situation could be avoided.

BitCoinNutJob

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Quote from: redsn0w on February 15, 2015, 11:21:13 AM

Quote from: BitCoinNutJob on February 15, 2015, 11:05:40 AM

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

wow 7k hacked that is pretty insane im guessing this is why the market dropped so hard today, people expecting dumps.

The various exchanges should start to use the multi-Sig function, an example of wallet that is using multiSing : GreenAddress ( this is their official thread here in the forum : https://bitcointalksearch.org/topic/greenaddress-open-source-multisig-wallet-service-521988).

I'm very impressive that a lot of exchanges are not using it.

Makes you start thinking these hacks are staged if multisig is so easy to implement. Roll Eyes

redsn0w

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#Free market

Quote from: BitCoinNutJob on February 15, 2015, 11:05:40 AM

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

wow 7k hacked that is pretty insane im guessing this is why the market dropped so hard today, people expecting dumps.

The various exchanges should start to use the multi-Sig function, an example of wallet that is using multiSing : GreenAddress ( this is their official thread here in the forum : https://bitcointalksearch.org/topic/greenaddress-open-source-multisig-wallet-service-521988).

I'm very impressive that a lot of exchanges are not using it.

BitCoinNutJob

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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

wow 7k hacked that is pretty insane im guessing this is why the market dropped so hard today, people expecting dumps.

haggis

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I just hope they'll send the people responsible for this into prison this time...

mishax1

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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 ?

Whitehouse

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Quote from: Twipple on February 15, 2015, 09:55:39 AM

Will they be refunding all the stolen bitcoins or will declare bankcruptcy ?

They will not be able to realistically return those coins even if they wanted to. They're done as an exchange now. Nobody will use them.

verdun2003

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Quote from: Twipple on February 15, 2015, 09:55:39 AM

Will they be refunding all the stolen bitcoins or will declare bankcruptcy ?

Well, it's nearly 2 million USD that are "supposedly" stolen here.

Last time I checked, they were running 400 BTC daily volumes and had, if my memory serves, 0.5% trading fee
==> 2 BTC/day of turnover on their end to which you have to remove employee salaries, server costs, taxes etc...

Assuming generously that they have a 1 BTC/day net profit, this means 365 BTC per year, at current prices this is not even 100k USD.

Therefore, they will never refund the bitcoins they stole for themselves.

Twipple

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Will they be refunding all the stolen bitcoins or will declare bankcruptcy ?

davidpbrown

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Vires in Numeris

Quote from: verdun2003 on February 15, 2015, 09:38:16 AM

Quote from: turvarya on February 15, 2015, 09:36:11 AM

any statement from Bter about that?

Apparently yes:
"Bter has announcement.
http://weibo.com/p/1001603810634063024170"

Can't access the page though

via Google translate that page suggests:

Quote

About bit instructions regarding stolen children BTC
2015年2月15日 22:10
After preliminary examination to determine, February 14, 2015 Hackers use our instant hot from cold filled purse wallet, the bit cold TWS children all BTC wallet stolen, totaling 7170BTC, transfer records for：
https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6
We've February 15, 2015 the morning to the local police station and was accepted. We will actively cooperate with the police investigation, the recovery of stolen Bitcoins. At the same time, we are offering a reward of 7170 720BTC recover stolen Bitcoins here. To ensure the safety of other funds, we have taken technical measures to stop and turn off all the virtual currency trading online wallet, to do further checks. At the same time, we plan to arrange CNY extraction and other virtual currency as soon as possible to reduce the user to worry about. For losses caused by the user and we apologize
，
Up to now a bit child has been in operation for nearly two years. We traveled together to accompany the ups and downs of the bitcoin. We look at a variety of currencies to accompany the rise of decline. Please be assured that we will not run away, we will assume responsibility for the user to recover the stolen Bitcoins.

Original text:

Quote

关于比特儿BTC被盗一事的说明
2015年2月15日 22:10
经初步检查确定，2015年2月14日黑客利用我们从冷钱包填充热钱包的瞬间，将比特儿交易平台冷钱包中的所有BTC盗走，总额为7170BTC，转账记录为：
https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6
我们已经在2015年2月15日上午到当地派出所报案并被受理。我们将积极配合警方调查处理，追讨被盗的比特币。同时，我们在此悬赏720BTC追讨被盗的7170比特币。
为了确保其他资金安全，我们已经采取技术措施，停止交易并关闭所有虚拟币在线钱包，去做进一步检查。于此同时，我们计划尽快安排CNY以及其他虚拟币的提取工作，减少用户担心。对用户造成的损失我们深表歉意，
截止到现在比特儿已经运营了快两年了。陪大家一起走过了比特币的风风雨雨。陪大家看多种币种的衰落兴起。请大家放心，我们不会跑路，我们将承担责任，为用户追讨被盗比特币。

Whitehouse

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We really need to get away for centralized exchanges and move towards decentralized ones. Until we do thefts and hacks like this will continue to happen.

Quote from: rich93 on February 15, 2015, 09:07:32 AM

Quote from: Picasso7 on February 15, 2015, 08:15:28 AM

How is possible to stole btc from cold wallet?

I thought it was impossible but Mark Karples says different.

Ha. But cold wallets aren't immune to inside jobs, which is probably what the Mt.gox situation was.

verdun2003

sr. member

Activity: 308

Merit: 250

Quote from: mpr20rt on February 15, 2015, 09:41:02 AM

7170 BTC got stolen from our cold wallet in this transaction:

https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6

720 BTC bounty for chasing it back.

All wallets have been shut down and withdrawals of unaffected coins will be arranged later.

bter.com

They don't even take the time to apologize for their auto-hack. GentleHacker are getting rare these days.

mpr20rt

full member

Activity: 126

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7170 BTC got stolen from our cold wallet in this transaction:

https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6

720 BTC bounty for chasing it back.

All wallets have been shut down and withdrawals of unaffected coins will be arranged later.

bter.com

verdun2003

sr. member

Activity: 308

Merit: 250

Quote from: turvarya on February 15, 2015, 09:36:11 AM

any statement from Bter about that?

Apparently yes:
"Bter has announcement.
http://weibo.com/p/1001603810634063024170"

Can't access the page though

turvarya

hero member

Activity: 714

Merit: 500

any statement from Bter about that?

EcuaMobi

legendary

Activity: 1876

Merit: 1475

Quote from: havecoch on February 15, 2015, 09:03:08 AM

Quote from: Picasso7 on February 15, 2015, 08:15:28 AM

How is possible to stole btc from cold wallet?

there was a recent article saying that its possible that cold storages get hacked.

Are you talking about the article that clearly specifies that the cold address has to be generated on a compromised wallet for it to be hacked?

I really doubt Bter used such a wallet for its cold storage.

AtheistAKASaneBrain

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Activity: 770

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Quote from: Picasso7 on February 15, 2015, 08:15:28 AM

How is possible to stole btc from cold wallet?

The BTER guys deciding its time to pull the plug and running away with the money.

Again, people's fault for leaving their money there.

verdun2003

sr. member

Activity: 308

Merit: 250

Quote from: Picasso7 on February 15, 2015, 09:24:51 AM

or it wasn´t hacked by outside and the owners of bter will sell 7000 btc

I supect most of "exchange hacks" are inside jobs. There's plenty of suspicion regarding Mtgox, including the japan police that is following that hypothesis closely.

Picasso7

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