Topic: what happened to bitcoin-24.com? (Read 3457 times)
its ok with me,they are online.
Down again? maintenance?
They are online up and running!
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
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.
Same again now:
tech. details see
https://bitcointalksearch.org/topic/intersango-api-intrusion-121400
Quote
The Bitcoin Server if offline!
We will be back when the Server is running again.
We will be back when the Server is running again.
tech. details see
https://bitcointalksearch.org/topic/intersango-api-intrusion-121400
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... ;-)
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...
"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...
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?
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.
somebody flooded the market with under-priced bitcoins at around 6€/us$7.5 till the site was taken offline.
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
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.
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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