What's the story with the recent theft?

Cluster2k

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Quote from: Minsc on September 06, 2011, 07:52:27 PM

Bitcoins are dropping because they're stablizing at maybe $1 per coin. Then they will hold at this price over the long term and we can have a real economy instead of a roller coaster ride!

People said stability was going to be found at $25, $20, $15, $10, and no way will it ever possibly go below $5. Why should $1 see a stabilization? Many people (most?) got into bitcoins to make money. Burning electricity to make bitcoins was fun. It's not so fun when it costs more in power, hardware, cooling and depreciation than retrieved in bitcoins.

fcmatt

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Quote from: greyhawk on September 06, 2011, 03:31:32 PM

Quote from: fcmatt on September 06, 2011, 03:28:07 PM

Quote from: Minsc on September 06, 2011, 02:57:46 PM

Quote from: fcmatt on September 06, 2011, 02:37:46 PM

Mybitcoin.com had a large amount of BTC stolen from it.
A user named, allinvain, had a large amount of BTC stolen from him.

those two alone count for 50,000 BTC and higher? I think so.

mybitcoin had their coins stolen over a month ago. I don't know with allinvain is recent or not, but the gay rich movie producer who lost his costs had them gone a month ago too.

So I don't think these are the recent thefts.

then what rumors did you hear? I have not heard anything about mtgox having another issue since they
had a major issue a while back.

https://bitcointalksearch.org/topic/help-my-mt-gox-account-was-hacked-all-my-bitcoin-and-cash-were-stolen-41632

But this looks pretty much like the user being the main part of the problem.

The amount that user had was barely enough to scratch the surface of what was sold over the holiday weekend.
I watched 10s of thousands being sold in the roughest of manners. Sell a couple thousand. Wait an hour. Sell a couple
of thousand. Repeat.

Minsc

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Bitcoins are dropping because they're stablizing at maybe $1 per coin. Then they will hold at this price over the long term and we can have a real economy instead of a roller coaster ride!

Cluster2k

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Quote from: fcmatt on September 06, 2011, 02:37:46 PM

Mybitcoin.com had a large amount of BTC stolen from it.
A user named, allinvain, had a large amount of BTC stolen from him.

those two alone count for 50,000 BTC and higher? I think so.

People used those events as an excuse for a rapid drop in bitcoin's value a month ago. It can't be used twice (we're only talking about tens of thousands of bitcoins, after all).

greyhawk

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Quote from: fcmatt on September 06, 2011, 03:28:07 PM

Quote from: Minsc on September 06, 2011, 02:57:46 PM

Quote from: fcmatt on September 06, 2011, 02:37:46 PM

Mybitcoin.com had a large amount of BTC stolen from it.
A user named, allinvain, had a large amount of BTC stolen from him.

those two alone count for 50,000 BTC and higher? I think so.

mybitcoin had their coins stolen over a month ago. I don't know with allinvain is recent or not, but the gay rich movie producer who lost his costs had them gone a month ago too.

So I don't think these are the recent thefts.

then what rumors did you hear? I have not heard anything about mtgox having another issue since they
had a major issue a while back.

https://bitcointalksearch.org/topic/help-my-mt-gox-account-was-hacked-all-my-bitcoin-and-cash-were-stolen-41632

But this looks pretty much like the user being the main part of the problem.

Elwar

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Viva Ut Vivas

Buy on rumor.

fcmatt

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Quote from: Minsc on September 06, 2011, 02:57:46 PM

Quote from: fcmatt on September 06, 2011, 02:37:46 PM

Mybitcoin.com had a large amount of BTC stolen from it.
A user named, allinvain, had a large amount of BTC stolen from him.

those two alone count for 50,000 BTC and higher? I think so.

mybitcoin had their coins stolen over a month ago. I don't know with allinvain is recent or not, but the gay rich movie producer who lost his costs had them gone a month ago too.

So I don't think these are the recent thefts.

then what rumors did you hear? I have not heard anything about mtgox having another issue since they
had a major issue a while back.

Minsc

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Quote from: fcmatt on September 06, 2011, 02:37:46 PM

Mybitcoin.com had a large amount of BTC stolen from it.
A user named, allinvain, had a large amount of BTC stolen from him.

those two alone count for 50,000 BTC and higher? I think so.

mybitcoin had their coins stolen over a month ago. I don't know with allinvain is recent or not, but the gay rich movie producer who lost his costs had them gone a month ago too.

So I don't think these are the recent thefts.

fcmatt

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Merit: 1001

I am not sure it is old news.. because another user posted some messages from tux on IRC that
he thought more stolen coins were being sold. I really did not expect that to happen as I thought
they were all sold. Thus the strange volume we saw over the weekend. Like an individual selling
every few hours. Just hammering the price down by selling thousands of BTC at a whack. Wait
an hour.. boom another big chunk.

but this is just speculation so far.

bitcon

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this is old news, but i heard some silk road users were phished for a small amount also. to bad theses hackers dont invest time pumping up the value of bitcoin. its so low right now that they're not even worth stealing.

wobber

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Phishing. Nothing new.

DrYe5

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Quote from: Minsc on September 06, 2011, 02:36:17 PM

Where was it stolen from?

Most of the rumors indicate it was Mt. Gox that was hacked somehow.

At one time Mt. Gox rolled back transactions. But then what happens when people withdrew all their money and coins before the rollback?

Bitcoin is the land of many thefts... which one do you mean?

fcmatt

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Merit: 1001

Quote from: Minsc on September 06, 2011, 02:36:17 PM

Where was it stolen from?

Most of the rumors indicate it was Mt. Gox that was hacked somehow.

At one time Mt. Gox rolled back transactions. But then what happens when people withdrew all their money and coins before the rollback?

Mybitcoin.com had a large amount of BTC stolen from it.
A user named, allinvain, had a large amount of BTC stolen from him.

those two alone count for 50,000 BTC and higher? I think so.

greyhawk

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You'll get free money and be rich. Cool

Minsc

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Where was it stolen from?

Most of the rumors indicate it was Mt. Gox that was hacked somehow.

At one time Mt. Gox rolled back transactions. But then what happens when people withdrew all their money and coins before the rollback?

Topic: What's the story with the recent theft? (Read 1321 times)