Author

Topic: what happened to bitcoin-24.com? (Read 3457 times)

hero member
Activity: 644
Merit: 500
November 10, 2012, 10:13:37 AM
#12
its ok with me,they are online.
full member
Activity: 137
Merit: 100
November 10, 2012, 09:35:18 AM
#11
Down again? maintenance?
vip
Activity: 103
Merit: 10
Bitcoin Exchanger at Best Rate.
November 01, 2012, 10:17:23 AM
#10
They are online up and running!
legendary
Activity: 2506
Merit: 1010
October 31, 2012, 06:28:33 PM
#9
ok, b24 is up again. The admin has already been able to reverse most of the unsolicited transactions (except btc out-transfers of course, but according to his helpdesk announcement this afternoon this wasn't the main problem). Quick admin response, I'd say.

Here's the statement on that:
 - http://bitcoin24.zendesk.com/entries/22278332-mysqli-31-10-2012-server-attack
full member
Activity: 154
Merit: 100
October 31, 2012, 09:49:01 AM
#8
ok, b24 is up again. The admin has already been able to reverse most of the unsolicited transactions (except btc out-transfers of course, but according to his helpdesk announcement this afternoon this wasn't the main problem). Quick admin response, I'd say.
full member
Activity: 154
Merit: 100
October 31, 2012, 08:58:19 AM
#7
Same again now:
Quote
The Bitcoin Server if offline!
 We will be back when the Server is running again.

tech. details see
https://bitcointalksearch.org/topic/intersango-api-intrusion-121400

newbie
Activity: 9
Merit: 0
August 23, 2012, 11:07:55 AM
#6
actually not just selling under-priced bitcoins but buying over-priced bitcoins as well, i.e. trying to empty the market. pretty expensive. doesn't make to much sense to me. any ideas?
It's simple Market manipulation, as to why...

Options:
#1 Crash price to buy back a significant larger amount at a far lower price.
#2 Crash price to devalue BTC of competition. Companies like BFL probably have a large amount of BTC in their wallets, personnel, bills, and raw materials are purchased in $ and not BTC. So if this is done long/often enough it might 'kill' such a company. The same goes for the bigger miners, they need to keep paying their rack hosting costs, power usage, their own bills, etc.
#3 Someone with to much money on hand might be bored and thinks that manipulating the BTC value is fun. If you think that is nuts, realize this. time = money, thus money = time, there are legions of folks that 'waste' their time trolling webforums... ;-)
newbie
Activity: 18
Merit: 0
August 22, 2012, 08:38:51 PM
#5
they just uploaded a temporary replacement:

"Will be back on Thursday - about 10:00
There are some problems with bid and ask offers.
No EUR / BTC are lost!"

...and I already thought there are pirates all over the place...
newbie
Activity: 18
Merit: 0
August 22, 2012, 08:17:50 PM
#4
actually not just selling under-priced bitcoins but buying over-priced bitcoins as well, i.e. trying to empty the market. pretty expensive. doesn't make to much sense to me. any ideas?
newbie
Activity: 18
Merit: 0
August 22, 2012, 08:11:07 PM
#3
thanks for asking at their main thread. let's wait for the admins' response...

somebody flooded the market with under-priced bitcoins at around 6€/us$7.5 till the site was taken offline.
legendary
Activity: 2506
Merit: 1010
August 22, 2012, 08:04:44 PM
#2
there was a turnover of 5k+ bitcoins within seconds before the site closed down.

Doh!  Not a good sign, for sure.

I asked on their main thread (German), no response yet:

 - https://bitcointalksearch.org/topic/m.1124749
newbie
Activity: 18
Merit: 0
August 22, 2012, 07:50:41 PM
#1
bitcoin-24.com is offline for >4h.
the trade history at bitcoincharts.com looks unusual: http://bitcoincharts.com/markets/btc24EUR_trades.html
there was a turnover of 5k+ bitcoins within seconds before the site closed down.
couldn't get any further information so far.
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