Author

Topic: Virwox suspends BTC withdrawals (Read 2317 times)

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
February 13, 2014, 11:54:46 AM
#13
DnT stop spamming
legendary
Activity: 1162
Merit: 1004
February 13, 2014, 01:46:20 AM
#12
BitSimple is not affected.  We are accepting trades right now.  We aren't crazy enough to sell Bitcoins for PayPal but we will buy your Bitcoins for a paypal payment (or ACH or Bank Wire).  We also never hold user's bitcoins so if we did need to suspend wallet operations your coins wouldn't be frozen.

Just head of your service, do you do International Wire transfer to Europe?

BitSimple is available to US residents only at this time but we will be adding international support shortly.

Great!
donator
Activity: 1218
Merit: 1079
Gerald Davis
February 13, 2014, 12:25:32 AM
#11
BitSimple is not affected.  We are accepting trades right now.  We aren't crazy enough to sell Bitcoins for PayPal but we will buy your Bitcoins for a paypal payment (or ACH or Bank Wire).  We also never hold user's bitcoins so if we did need to suspend wallet operations your coins wouldn't be frozen.

Just head of your service, do you do International Wire transfer to Europe?

BitSimple is available to US residents only at this time but we will be adding international support shortly.
sr. member
Activity: 266
Merit: 250
February 12, 2014, 07:27:50 AM
#10
that's bad news Sad
full member
Activity: 229
Merit: 101
February 12, 2014, 07:26:31 AM
#9
BitSimple is not affected.  We are accepting trades right now.  We aren't crazy enough to sell Bitcoins for PayPal but we will buy your Bitcoins for a paypal payment (or ACH or Bank Wire).  We also never hold user's bitcoins so if we did need to suspend wallet operations your coins wouldn't be frozen.

Just head of your service, do you do International Wire transfer to Europe?
legendary
Activity: 2618
Merit: 1007
February 12, 2014, 06:19:29 AM
#8
Any service that uses a smaller hot wallet and bitcoin-qt will soon have a few transactions stuck. They just need to wait for 0.8.7 that stops bitcoind from using unconfirmed transaction hashes as input.

Either you manually rescan from time to time, halt payouts, didn't use bitcoind in the first place or compile and run the proposed patch already now. Since this might be a good time to check your code for the usage of transaction ids anyways, and with sending bitcoins a better safe than sorry approach is recommendable, it looks like a lot of services rather choose to wait for the official patch and look at their own ledgers in the meantime.
donator
Activity: 1218
Merit: 1079
Gerald Davis
February 12, 2014, 04:46:22 AM
#7
BitSimple is not affected.  We are accepting trades right now.  We aren't crazy enough to sell Bitcoins for PayPal but we will buy your Bitcoins for a paypal payment (or ACH or Bank Wire).  We also never hold user's bitcoins so if we did need to suspend wallet operations your coins wouldn't be frozen.
legendary
Activity: 1064
Merit: 1001
February 12, 2014, 04:42:14 AM
#6
Death to bitcoin exchanges!
full member
Activity: 185
Merit: 100
February 12, 2014, 04:33:29 AM
#5
It was the only exchange which made it possible to send and receive money and from paypal accounts. Bitinstant used them to do their bidding on that regard and possible their clones as well.
Damn, definitely bad news.. What kind of traffic did it have?
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
February 12, 2014, 04:17:48 AM
#4
It was the only exchange which made it possible to send and receive money and from paypal accounts. Bitinstant used them to do their bidding on that regard and possible their clones as well.
full member
Activity: 185
Merit: 100
February 12, 2014, 04:14:01 AM
#3
2014-02-12: IMPORTANT ANNOUNCEMENT : BITCOIN WITHDRAWALS SUSPENDED!

Warning
Because of a denial-of-service attack against the Bitcoin protocol, we have to suspend Bitcoin withdrawals temporarily until a software fix is issued.

No funds have been lost and no funds are at risk.

This is a denial-of-service attack made possible by some misunderstandings in Bitcoin wallet implementations. These misunderstandings have simple solutions that are being implemented as we speak, and we're confident everything will be back to normal in a few days.

Bitcoin withdrawals which are on hold pending review will remain on hold until it is safe to process them. You may also cancel such pending withdrawals (from the transaction history) if you wish to do so.

We will communicate any further developments regarding this issue. Thank you for your understanding.

What is Virwox? Anyway that's not good..
sr. member
Activity: 280
Merit: 250
February 12, 2014, 04:13:37 AM
#2
dun, dun, dun, Another one bites the dust
member
Activity: 86
Merit: 10
February 12, 2014, 03:57:38 AM
#1
2014-02-12: IMPORTANT ANNOUNCEMENT : BITCOIN WITHDRAWALS SUSPENDED!

Warning
Because of a denial-of-service attack against the Bitcoin protocol, we have to suspend Bitcoin withdrawals temporarily until a software fix is issued.

No funds have been lost and no funds are at risk.

This is a denial-of-service attack made possible by some misunderstandings in Bitcoin wallet implementations. These misunderstandings have simple solutions that are being implemented as we speak, and we're confident everything will be back to normal in a few days.

Bitcoin withdrawals which are on hold pending review will remain on hold until it is safe to process them. You may also cancel such pending withdrawals (from the transaction history) if you wish to do so.

We will communicate any further developments regarding this issue. Thank you for your understanding.
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