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Hi

who knows more. i just found these informations via twitter. what happened really?

Someone hacked Bo Shen from Fenbushi Capital (early supporter of both Augur and Ethereum), stole his ETH and REP, and dumped it. [1/]
https://twitter.com/tensorjack/status/806106178123988992

ETH and REP Crash Hard Amid Ciruclating Rumors Bo Shen Had Funds Stolen
http://www.newsbtc.com/2016/12/06/eth-rep-crash-hard-amid-ciruclating-rumors-bo-shen-funds-stolen/

$REP whale hacked?
https://www.reddit.com/r/ethtrader/comments/5gs7by/rep_whale_hacked/?

Hacker has Augur database of pre-launch accounts/ email addresses etc. $REP
https://twitter.com/DanDarkPill/status/806091271450267648

BREAKING: Looks like several $REP team members were hacked and all hell breaks loose. Will do a little digging... #ethereum #eth #augur
https://twitter.com/bulgar1an/status/806084817519575040

So Buterin is listed as general partner of investnemnt fund, which runs a $REP whale who lost alot of $REP due to hack.
https://twitter.com/TomasBoldizar/status/806158662054055941


ETH and REP Crash Hard Amid Ciruclating Rumors Bo Shen Had Funds Stolen - http://www.newsbtc.com/2016/12/06/eth-rep-crash-hard-amid-ciruclating-rumors-bo-shen-funds-stolen/ … $ETH $REP #news #bitcoin #investing
https://twitter.com/CryptoNewswire/status/806146073936805888

https://www.cryptocoinsnews.com/eth-and-augur-investor-hacked-ethereum-price-dives-further/

Here is the running joke now on Reddit, "When will Vitalik schedule another hard fork to save Bo Shen's ETH and REP?"

The fall of Ethereum started when it did the sloppy, irresponsible hard fork. It has sent the wrong messages across the community. The people who supported it were the one who had vested interest in the platform because they were holding ETH. They believed they were protecting themselves from the attacker. In truth they were hanging themselves.

Sure rewrite the blockchain....nothing wrong with that right?

I see its just a joke and hoax,
it's impossible, but we must remain vigilant and safeguard our account

this is just an attempted to stabilize the vaporware eth. no smart person who is smart enough would hack and dump the crap on poloniex. the story the hacker(s) dump these coins on poloniex. any reputative exchange like polo or kracken would exposed this person or handed information to authority, also limit withdrawal from none verify user is $3,000. all don't add up but then again majority of these dumb bagholders are dumb anyway to realized anything.

Maybe Bo Shen had a verified account and they had access to his 2FA, then just dumped from his own polo account and withdrew elsewhere.

If it correct and all of the news was spreading by a lot of sources was being FUD.
I don't think he will make a big joke like that. But anything can happen.

some ppl said the hacker sold the assets from shapeshift, is that true?

From what the thread says it looks like it was poloniex.

Maybe it's not a good idea to have your mobile phone number linked as  security for your email account?

There is always away to get around exchange KYL and AML, if the news is true this is another blow to Ethereum community.

Can't lose on Ethereum - Goldman Sachs is throwing money from a helicopter...

No, there were supposedly dumped on Shapeshift (https://twitter.com/Poloniex/status/806133021686562816), but there's still no official statement from Poloniex.


LMAO... nice trolling. ;D

hard to tell what is true and what is fud, but the fact is:

https://i.imgsafe.org/858aa0319a.jpg

it did crash at poloniex

@raphma, not sure if you know what this graph shows... ::)

lol
i starting to think the same about you.
but please, enlighten me, what does that big wick til 10k mean?

You posted a green candlestick, which shows that buy support is forming. This is the real graph (as you probably took the screenshot while there was a dump):

https://i.imgur.com/8GEk9DF.png

Currently there is 150 BTC buy support down to 150k satoshi, so I suspect that a lot of buy orders were removed, though I didn't followed the market. But you can't tell that REP was definitely dumped on Polo.

ok, so let's start:

i'm not arguing price action... i never intended to say nothing about trend or something like.


i dont know if you have experience with graphs, the screenshot was taken at the moment i was writing my post. Yeah, i've captured just a small part so here's a bigger one.
https://i.imgsafe.org/87dbb1fe28.jpg

As you can see, unlike you(using 15m), i'm using a bigger time frame(H4), simple as that.


again, i'm not arguing the direction the market will take, i dont care if there's 1BTC, 150BTC or a thousand btc as buy support right now.


Yes, i can.
i just can't tell for sure if the REP dumped came from the hack(it could be just a panic sell, but i dont believe in that). Looking to your graph(15min)... at ONE candle 150BTC volume traded and the lower executed order was 10k satoshi per REP. again, all you have to do is look to the graph.

Oh, my...

1. It doesn't really matter, when you took the screenshot. Your candlestick was green and not detailed (and one can argue that it was dumped down to ~7,3k satoshi).
2. I am using 15m simply because its more detailed.
3. How can you argue if REP was dumped on Polo? Of course that most of the movements happened on Polo, like 70-80% of REP's trade volume is happening there. I think it was obvious that I meant the stolen REP. :)

Anyways, future will tell.

Sorry spartak, but saying that shows that you doesnt understand the graph.. you know what that "low:0.00010000" means? The lower EXECUTED order(AKA dumped down to 10k). So, the market crashed from 357k till 10k.. dude, 150btc traded in 15min. Do the math.
https://i.imgsafe.org/8849e021d2.jpg

it's impossible to tell from where all that REP came, but it's just too much to be called as "market movement" or "Panic Sell". to me it's clear it was dumped there.
But like you said, future will tell.

No, I don't. Can you please show me that 10k satoshi low? After all, it was your screeshot:

so, that's your argument? hahaha
"your pic doesnt show" lol

when i posted this i didn't said nothing about 10k, all i said was "crashed at poloniex"... you posted sh*t trying to diminish me, later you denied and said like it wasnt possible to messure the dump.
and now that's your argument  :D :D :D

your pic had it, you actually pointed out how low it dumped, yet, you said like i was just speculating when i said 10k....

now i'm sure, you dont know nothing about charts.
farewell.

Let me try for the last time to see if you can finally grasp my point. You said:




I replied:




You then said much yada yada. Thread is about:
1. REP hack.
2. If coins were dumped on Poloniex.

I was only trying to imply that your graph is incomplete and it can't be considered as a proof. Do you know what proof means? Not trying to act like a smartass, I only care about the details.

Nothing personal, bud. I'm not attacking anyone here on the forum (as long he's not some scam promoter/shill).

Ah, yes... and about this:


I'm not sure if I know something about charts, and can't say that I'm a pro, but for what is worth: I happen to be a certificate "A" holder for activity as a broker on Sofia Commodity exchange and I have it for almost 15 years now.

Now I'm sure that you are misjudging people and their opinions.

Cheers,
Spartak

if that's not "attacking", i really misunderstood...

no yada yada, all the time giving the details about why i'm sure it was on poloniex(and yeah, that's just my opinion).

anyway, there's no point in extend this discussion.
cheers.

Okay so who made a ton of money buying dirt cheap REP?
I was about five minutes late to grab any. Woke up and tried to transfer some BTC, transaction confirmed about two minutes after the price went back up...  >:(

I managed to bag a few bitcoins worth just as the price started to climb. Got an extra couple hundred ETH too. Gud buying opportunity and still at decent price. Definitely worth bagging some more.

Maybe Bo Shen and friends themselves, if the hack was staged like bentach mentioned. ETH and REP were going down before the incident. So why not stage a hack and make buy orders at the bottom.

We have seen the level of scamming and scheming in the cryptosphere reach new heights. Some are from people who have appeared to be influential to the community. But they ended up to be scammers.

Has there been any actual news about what happened or how the supposed hack occurred?
I heard some speculation that it came from a phone being hacked, but no proof to back the claim.

Obviously if someone was able to steal several hundred thousand dollars worth of coins they are not some amateur.
I would love some information about how they were able to do this.

Either graph doesn't really seem to show ETH crashing. If anything the dump seems to have pushed the price a little higher than the average in timeframe shown.

So, true or not, the hack and dump hasn't had the expected effect. Maybe the desired one though? wink nudge

Looks like (https://cointelegraph.com/news/stolen-altcoins-trailed-in-augur-ethereum-hack-investigation) the hacker is trailed right now.

Probably open email with virus.

That is why I do not have a verified account in Poloniex. My daily withdraw limit is $2000. It will take 60 days to withdraw my coins there.

If they were able enough I doubt police will catch them. Nobody is 100% safe in this world and you have to be very careful handling your funds.

Because of this I always like to have very low buyorders in the books for my favorite coins because you never know when the next hack might happen and someone goes to dump a lot of coins.

 :PYou may need to learn again about how the trading chart works, LOL All of your said just shit.  :D Panic sell wasn't happening, and the opposite thing is to happen and augur got pumped. :P

I understand he had his mobile phone hacked and his email account used that number as security

Where did you read that because ive been following the story and this is the first I hear of this phone being hacked.

read this:

https://twitter.com/tensorjack/status/806106178123988992
Jack Peterson ‏@tensorjack  6. Dez.
Someone hacked Bo Shen from Fenbushi Capital (early supporter of both Augur and Ethereum), stole his ETH and REP, and dumped it. [1/]
1 Antwort 66 Retweets 66 Gefällt mir
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 Jack Peterson ‏@tensorjack  6. Dez.
The same hacker has also attacked several other people involved with Augur.  In every case their MO seems to be the same: [2/]
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 Jack Peterson ‏@tensorjack  6. Dez.
se social engineering of cell-phone carriers to get your phone number, then if you have a recovery phone number enabled in your email [3/]
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 Jack Peterson ‏@tensorjack  6. Dez.
they use your phone to take over your email.  Once they have your email they can use password resets etc. to take over everything else. [4/]
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If I'm reading this right, they are using the recovery phone number associated with the email account to reset the email password.
This would mean they need to intercept the text that is coming to that phone number to perform the reset.

Intercepting a text message sent to a phone is not easy.
This would mean the attackers are either VERY sophisticated, like on a state actor level,
or have found some vulnerability that allows they to intercept data being sent by/ to phone carriers.

they just have to manage that the number is transferred to an other sim card.

What is Sim Swap Fraud
In fact, let’s first cover porting a number over without the fraud. Every number in the UK can have a Porting Authorisation Code (PAC) generated. This code, given to the mobile phone owner by their current network operator will allow you to switch providers. You simply ring up your current operator, ask for the PAC number and give this code to the new operator. A few days later your phone number has been transferred to a new network.

Now let’s add the fraud bit. This system has been abused for a decade as a way to ‘steal’ a persons mobile number. A criminal would just ring up your operator, pretend to be you and get the code. Following this task you just buy a new SIM card, port the number too it and bingo. You have stolen the number and even if the number is identified as stolen by this method, it will still take a few days to get it back. The reports from victims are distressing, people’s lives have been uprooted in a second and the impact doesn’t stop with a phone issue. The whole driving force behind this kind of fraud is your email address, your bank, your online life.

Wait a minute.. I hear you say “Your online life”. How is this then? Seems a big jump from your mobile number…
Well not really… Many email and social media accounts will reset an online account’s password if they can send a verification code to your phone. It’s a trivial task to go to an online account and type in the victims email address and then get a code sent to the phone number in your control. Once you have a Google account you could look at location history, emails, pictures etc. I don’t want to dwell on this point of escalation. For those this article is intended, I hope you know the level of access an email account can bring.

Other motivators for this attack could be:

Bypass 2-factor accounts that have a compromised password already.
Approve banking transactions with SMS notifications.
Defame – Calls to your clients. Calls to your boss, embarrassment.
Further Vishing calls using your number.
https://theantisocialengineer.com/sim-swap-fraud-porting-your-digital-life-in-minutes/