Bitcoin Forum

Economy => Service Discussion => Topic started by: sobitcoin on January 05, 2015, 05:48:19 AM



Title: Coinfire Bitstamp update
Post by: sobitcoin on January 05, 2015, 05:48:19 AM
Came across this on twitter

https://coinfire.cf/2015/01/05/bitstamp-confirms-deposit-address-issue/


Title: Re: Coinfire Bitstamp update
Post by: UnicornFarts on January 05, 2015, 05:52:18 AM
What would gox 2.0 do to bitcoin?  ;D


Title: Re: Coinfire Bitstamp update
Post by: sobitcoin on January 05, 2015, 06:06:16 AM
What would gox 2.0 do to bitcoin?  ;D


lol.  I have faith in Bitstamp's standards... for now.. Feel like they would be ready for something like this


Title: Re: Coinfire Bitstamp update
Post by: Lethn on January 05, 2015, 08:07:36 AM
I hope none of you numpties have a ton of Bitcoin in that exchange regardless of whether they're honest or not, the losses happen because people think they can just leave their money lying around in online wallets.


Title: Re: Coinfire Bitstamp update
Post by: newIndia on January 05, 2015, 08:17:02 AM
What would gox 2.0 do to bitcoin?  ;D


lol.  I have faith in Bitstamp's standards... for now.. Feel like they would be ready for something like this

Bitcoin is not built around faith. It is rather built to defy it...


Title: Re: Coinfire Bitstamp update
Post by: pawel7777 on January 05, 2015, 10:20:28 AM

And here's the fresh CoinDesk article:

http://www.coindesk.com/bitstamp-reports-hot-wallet-issue-tells-customers-not-deposit-bitcoin/ (http://www.coindesk.com/bitstamp-reports-hot-wallet-issue-tells-customers-not-deposit-bitcoin/)


Title: Re: Coinfire Bitstamp update
Post by: sandykho47 on January 05, 2015, 10:24:41 AM

And here's the fresh CoinDesk article:

http://www.coindesk.com/bitstamp-reports-hot-wallet-issue-tells-customers-not-deposit-bitcoin/ (http://www.coindesk.com/bitstamp-reports-hot-wallet-issue-tells-customers-not-deposit-bitcoin/)

Looks like we don't have to worry about bitstamp
Since they already secure customers to cold wallet

And since bitcoin have a lot exchangers
So, even bitstamp can't be used it won't affect bitcoin price :)

I'm sure this won't become second MtGox


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 10:43:42 AM
The Bitcoin price will fall in the next day/s


Title: Re: Coinfire Bitstamp update
Post by: haploid23 on January 05, 2015, 10:49:34 AM
Looks like we don't have to worry about bitstamp
Since they already secure customers to cold wallet

This is probably true, although there's no proof that this isn't just an excuse for another severe problem or loss.


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 01:07:00 PM

And here's the fresh CoinDesk article:

http://www.coindesk.com/bitstamp-reports-hot-wallet-issue-tells-customers-not-deposit-bitcoin/ (http://www.coindesk.com/bitstamp-reports-hot-wallet-issue-tells-customers-not-deposit-bitcoin/)

Looks like we don't have to worry about bitstamp
Since they already secure customers to cold wallet

And since bitcoin have a lot exchangers
So, even bitstamp can't be used it won't affect bitcoin price :)

I'm sure this won't become second MtGox


http://www.reddit.com/r/Bitcoin/comments/2re2pw/18864_coins_stolen_from_stamp_that_doesnt_look/

it seems to be a loss of millions. 14% from their coins.

this is not a small loss. I am very curious if they will cover it :)


Title: Re: Coinfire Bitstamp update
Post by: myohmy81 on January 05, 2015, 01:28:40 PM
Perhaps it is just as well bitstamp no longer The BIGGEST Exchange like gox


Title: Re: Coinfire Bitstamp update
Post by: General_A on January 05, 2015, 01:35:01 PM
What would gox 2.0 do to bitcoin?  ;D


lol.  I have faith in Bitstamp's standards... for now.. Feel like they would be ready for something like this
http://www.reddit.com/r/Bitcoin/comments/2re2pw/18864_coins_stolen_from_stamp_that_doesnt_look/


Title: Re: Coinfire Bitstamp update
Post by: ChuckBuck on January 05, 2015, 02:55:18 PM
SHIT!   :(

Don't tell me the new "Goxed" is you've been "Stamped".

Why does this have to happen to the biggest Bitcoin exchanges?

Things like this shouldn't happen in the first place with the right security protocols in place.

Just unreal news to start the new year...


Title: Re: Coinfire Bitstamp update
Post by: cr1776 on January 05, 2015, 03:00:25 PM
I hope none of you numpties have a ton of Bitcoin in that exchange regardless of whether they're honest or not, the losses happen because people think they can just leave their money lying around in online wallets.

This.  Exchanges are not banks, but people treat them that way.


Title: Re: Coinfire Bitstamp update
Post by: Bitcoinpro on January 05, 2015, 03:03:03 PM
https://www.bitstamp.net/

site offline

from the Bitstamp frontpage


Bitstamp Service Temporarily Suspended

We have reason to believe that one of Bitstamp’s operational wallets was compromised on January 4th, 2015.

As a security precaution against compromises Bitstamp only maintains a small fraction of customer bitcoins in online systems. Bitstamp maintains more than enough offline reserves to cover the compromised bitcoins.

IN THE MEANTIME, PLEASE DO NOT MAKE DEPOSITS TO PREVIOUSLY ISSUED BITCOIN DEPOSIT ADDRESSES. THEY CANNOT BE HONORED!

Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored.

Bitstamp takes our security and soundness very seriously. In an excess of caution, we are suspending service as we continue to investigate. We will return to service and amend our security measures as appropriate.

Bitstamp Team


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 03:07:20 PM
Bitstamp lost 18K BTC. https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

that means around of 4,8 MIL. USD

what's next? Bitcoin price will go down....


Title: Re: Coinfire Bitstamp update
Post by: Bitcoinpro on January 05, 2015, 03:09:56 PM
yesterday Jan 5th

three days after they rolled out android, from twitter

 Bitstamp @Bitstamp  ·  Jan 2

The Bitstamp mobile app is available for android users (iOS coming soon). Go to http://goo.gl/6QfuhT  to enable the mobile access


Title: Re: Coinfire Bitstamp update
Post by: BitCoinNutJob on January 05, 2015, 03:19:18 PM
What would gox 2.0 do to bitcoin?  ;D

18k < 650k , its still a ton though why do they need 18k coins in a hot wallet do people really withdraw that much in a few days lets say?


Title: Re: Coinfire Bitstamp update
Post by: Bitcoinpro on January 05, 2015, 03:22:18 PM
very high transaction fees to steal the coins

sounds like Robinhood


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 03:23:44 PM
What would gox 2.0 do to bitcoin?  ;D

18k < 650k , its still a ton though why do they need 18k coins in a hot wallet do people really withdraw that much in a few days lets say?

because they think they are GODS and nothing bad can happen to them. they think that they are beyond monkeys like "us"...

They are just two kids(owners) who are running/playing the people's money.

Of course, their clients have their own fault. They must make their due diligence before making any investment.


Title: Re: Coinfire Bitstamp update
Post by: asdlolciterquit on January 05, 2015, 03:25:03 PM
Bitstamp lost 18K BTC. https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

that means around of 4,8 MIL. USD

what's next? Bitcoin price will go down....

how can i know if they lost MY btc? i can't even log in!


Title: Re: Coinfire Bitstamp update
Post by: cryptosky on January 05, 2015, 03:25:40 PM
I hope they can solve the issue as soon as possible
the market is on standby


Title: Re: Coinfire Bitstamp update
Post by: kingcrypto on January 05, 2015, 03:27:24 PM
They should publish a text explaining what's happening


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 03:28:59 PM
They should publish a text explaining what's happening

explaining what? WE didn't care about you, fouls? :)

BitStamp is down for sure. why? they have two options:

1. they cover the loss but their credibility will be almost zero anyway.who will deposit money into a former hacked system? maybe in time...but time is money and i am sure Bitstamp won't resist on market with all their monthly expenses which are not small at all.

2. they close the business and keep the rest of the money. very simple to do it.



Title: Re: Coinfire Bitstamp update
Post by: Bitcoinpro on January 05, 2015, 03:33:06 PM
lots of these addresses are active, seems, and are receiving and sending to multiple addresses

high transaction fees suggest they convincing  miners to move stolen coin while the

addresses are still highly visible also they may be employing a 3rd party mixing service







Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 03:36:16 PM
agree with you, this is what I stated above.


Title: Re: Coinfire Bitstamp update
Post by: bitllionaire on January 05, 2015, 03:38:08 PM
this looks really bad...
even they could recover,which I think not, they are in a bad situation now


Title: Re: Coinfire Bitstamp update
Post by: innocent93 on January 05, 2015, 03:38:36 PM
Bitstamp lost 18K BTC. https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

that means around of 4,8 MIL. USD

what's next? Bitcoin price will go down....

After the price crash, this is another blow to Bitcoin.  :(  Bitstamp fucked up, but what can I believe now? Cold wallet,maybe.


Title: Re: Coinfire Bitstamp update
Post by: Bitcoinpro on January 05, 2015, 03:41:41 PM
Bitstamp lost 18K BTC. https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

that means around of 4,8 MIL. USD

what's next? Bitcoin price will go down....

After the price crash, this is another blow to Bitcoin.  :(  Bitstamp fucked up, but what can I believe now? Cold wallet,maybe.

CEO is in vegas as we speak


Title: Re: Coinfire Bitstamp update
Post by: asdlolciterquit on January 05, 2015, 03:47:44 PM
They should publish a text explaining what's happening

explaining what? WE didn't care about you, fouls? :)

BitStamp is down for sure. why? they have two options:

1. they cover the loss but their credibility will be almost zero anyway.who will deposit money into a former hacked system? maybe in time...but time is money and i am sure Bitstamp won't resist on market with all their monthly expenses which are not small at all.

2. they close the business and keep the rest of the money. very simple to do it.



option one is not always true.

for example c-cex.com lost all his btc in march 2014, but right now is more alive than ever.
If they can recover all the btc, and prove that they will improve security, they can survive


Title: Re: Coinfire Bitstamp update
Post by: Bitcoinpro on January 05, 2015, 03:48:07 PM
what's his username from this site?


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 03:48:44 PM
Bitstamp lost 18K BTC. https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

that means around of 4,8 MIL. USD

what's next? Bitcoin price will go down....

After the price crash, this is another blow to Bitcoin.  :(  Bitstamp fucked up, but what can I believe now? Cold wallet,maybe.

CEO is in vegas as we speak

is he opening a strip club? alas magikarpa muffin shop?

hahaha, yes, he is in a middle of lap dance while someone is breaking his "house". you see, the owners are two "kids" who are thinking they are Gods just because they made millions from their clients.
next time, be more careful to whom you entrust your money.

More than that, there are rumors their bank account will be frozen.


Title: Re: Coinfire Bitstamp update
Post by: Bitcoinpro on January 05, 2015, 03:49:36 PM
They should publish a text explaining what's happening

explaining what? WE didn't care about you, fouls? :)

BitStamp is down for sure. why? they have two options:

1. they cover the loss but their credibility will be almost zero anyway.who will deposit money into a former hacked system? maybe in time...but time is money and i am sure Bitstamp won't resist on market with all their monthly expenses which are not small at all.

2. they close the business and keep the rest of the money. very simple to do it.



option one is not always true.

for example c-cex.com lost all his btc in march 2014, but right now is more alive than ever.
If they can recover all the btc, and prove that they will improve security, they can survive

reminds me of Matthew Wright from here,


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 03:50:45 PM
They should publish a text explaining what's happening

explaining what? WE didn't care about you, fouls? :)

BitStamp is down for sure. why? they have two options:

1. they cover the loss but their credibility will be almost zero anyway.who will deposit money into a former hacked system? maybe in time...but time is money and i am sure Bitstamp won't resist on market with all their monthly expenses which are not small at all.

2. they close the business and keep the rest of the money. very simple to do it.



option one is not always true.

for example c-cex.com lost all his btc in march 2014, but right now is more alive than ever.
If they can recover all the btc, and prove that they will improve security, they can survive

I agree. this is what I said too. it takes time(months, maybe a year) until you regain the trust. Bitstamp has a lot of expenses. it's hard to keep a company with zero money....


Title: Re: Coinfire Bitstamp update
Post by: QuestionAuthority on January 05, 2015, 04:04:13 PM
https://bitcointalk.org/index.php?topic=912895.msg10023411#msg10023411

"A couple of exchanges will fail either due to regulations or fraud/incompetence of the owner."

One down 13 to go.


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 04:10:21 PM
https://bitcointalk.org/index.php?topic=912895.msg10023411#msg10023411

"A couple of exchanges will fail either due to regulations or fraud/incompetence of the owner."

One down 13 to go.

how did you count 13? :)


Title: Re: Coinfire Bitstamp update
Post by: Bitcoinpro on January 05, 2015, 04:11:12 PM
CEO from Bitstamp

https://bitcointalk.org/index.php?action=profile;u=38966


Title: Re: Coinfire Bitstamp update
Post by: QuestionAuthority on January 05, 2015, 04:13:09 PM
https://bitcointalk.org/index.php?topic=912895.msg10023411#msg10023411

"A couple of exchanges will fail either due to regulations or fraud/incompetence of the owner."

One down 13 to go.

how did you count 13? :)

You're right, it should be more. I need one more exchange to make "a couple".


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 04:19:54 PM
https://bitcointalk.org/index.php?topic=912895.msg10023411#msg10023411

"A couple of exchanges will fail either due to regulations or fraud/incompetence of the owner."

One down 13 to go.

how did you count 13? :)

You're right, it should be more. I need one more exchange to make "a couple".

Vircurex is good enough? :)


Title: Re: Coinfire Bitstamp update
Post by: tzortz on January 05, 2015, 04:21:51 PM
It had been done in the past a couple of times and they fixed it.

I believe they will do the same this time.

They are good.


Title: Re: Coinfire Bitstamp update
Post by: QuestionAuthority on January 05, 2015, 04:24:40 PM
https://bitcointalk.org/index.php?topic=912895.msg10023411#msg10023411

"A couple of exchanges will fail either due to regulations or fraud/incompetence of the owner."

One down 13 to go.

how did you count 13? :)

You're right, it should be more. I need one more exchange to make "a couple".

Vircurex is good enough? :)

It needs to be this year to qualify. lol


Title: Re: Coinfire Bitstamp update
Post by: uvt9 on January 05, 2015, 04:31:27 PM
how can i know if they lost MY btc? i can't even log in!

Bitstamp said they will cover the loss, probably by their own money. And they should do that to regain some of their business's reputation, otherwise nobody would trade on their site anymore.


Title: This message was too old and has been purged
Post by: Evil-Knievel on January 05, 2015, 04:35:42 PM
This message was too old and has been purged


Title: Re: Coinfire Bitstamp update
Post by: LiteCoinGuy on January 05, 2015, 04:36:46 PM
iam pretty sure bitstamp will cover the loss and they will be back online soon.

but:

dont hold a big amount of BTC in exchanges. you can use a more secure hardware-wallet:

https://bitcointalk.org/index.php?topic=899253.0

(but also dont hold ALL BTC in just one place.)


Title: Re: Coinfire Bitstamp update
Post by: uvt9 on January 05, 2015, 04:37:20 PM
I stopped using btc-e after they

............

ehh, you mean bitstamp ?

dont hold a big amount of BTC in exchanges. you can use a more secure hardware-wallet:

https://bitcointalk.org/index.php?topic=899253.0

(but also dont hold ALL BTC in just one place.)

tell that to day traders, they're different from us long term holders. They need to store large amount of coin and fiat on exchanges.


Title: Re: Coinfire Bitstamp update
Post by: tzortz on January 05, 2015, 04:38:19 PM
I stopped using btc-e after they

............

ehh, you mean bitstamp ?


I believe he made a mistake and deleted it.


Title: Re: Coinfire Bitstamp update
Post by: Morecoin Freeman on January 05, 2015, 04:49:06 PM
Fuck. :(


Title: Re: Coinfire Bitstamp update
Post by: asdlolciterquit on January 05, 2015, 05:59:51 PM
how can i know if they lost MY btc? i can't even log in!

Bitstamp said they will cover the loss, probably by their own money. And they should do that to regain some of their business's reputation, otherwise nobody would trade on their site anymore.

where can i find their statement about this?


Title: Re: Coinfire Bitstamp update
Post by: pedrog on January 05, 2015, 06:03:51 PM
how can i know if they lost MY btc? i can't even log in!

Bitstamp said they will cover the loss, probably by their own money. And they should do that to regain some of their business's reputation, otherwise nobody would trade on their site anymore.

where can i find their statement about this?

Quote
Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored.

https://www.bitstamp.net/


Title: Re: Coinfire Bitstamp update
Post by: redhawk979 on January 05, 2015, 06:49:15 PM
Doesn't Coinbase use Bitstamp in some way to process things for them?


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 06:56:05 PM
Doesn't Coinbase use Bitstamp in some way to process things for them?


yes, they are partially interconnected. same as Bitfinex.


Title: Re: Coinfire Bitstamp update
Post by: PolarPoint on January 05, 2015, 06:56:57 PM
Bitstamp covering all the losses is not going to be enough. Traders are still going to withdraw all their coins. Bitstamp will have to find out where the leak is and fix it. Once they fixed it, perform a full system audit, confidence can return.


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 07:01:48 PM
Bitstamp covering all the losses is not going to be enough. Traders are still going to withdraw all their coins. Bitstamp will have to find out where the leak is and fix it. Once they fixed it, perform a full system audit, confidence can return.

I said above. these things will takes months and BitStamp won't afford(because they don't want to lose any cent) to cover the losses and to keep the company expenses.

Bitstamp credibility is zero at this point. No update since 12 hours ago. They didn't understand that they are playing with people's money not with bricks.

Their customers must ask the money back by bank wire. Their bank account is STILL functional.
Almost all their BTC must be backed in real money, right?
I would ask the money today not tomorrow.


Title: Re: Coinfire Bitstamp update
Post by: carlosiness on January 05, 2015, 07:08:48 PM
I believe, this is a temporal fault...


Title: Re: Coinfire Bitstamp update
Post by: asdlolciterquit on January 05, 2015, 07:52:02 PM
how can i know if they lost MY btc? i can't even log in!

Bitstamp said they will cover the loss, probably by their own money. And they should do that to regain some of their business's reputation, otherwise nobody would trade on their site anymore.

where can i find their statement about this?

Quote
Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored.

https://www.bitstamp.net/

ah well, thanks!

hope they will do what they have wrote :)


Title: Re: Coinfire Bitstamp update
Post by: turvarya on January 05, 2015, 07:56:54 PM
A lot of panic in here.
I hope they will recover. So far it doesn't seem as bad as many suggest, but just time can tell ...


Title: Re: Coinfire Bitstamp update
Post by: Auxi on January 05, 2015, 07:59:20 PM
They earn 18k btc in 2 month but im afraid


Title: Re: Coinfire Bitstamp update
Post by: KIRAZ on January 05, 2015, 08:02:05 PM
Bigger exchanges like that should get their shit together, that wont't be good if this happens to be the same thing as gox just hope it's not.  :-X


Title: Re: Coinfire Bitstamp update
Post by: Febo on January 05, 2015, 09:04:03 PM
https://bitcointalk.org/index.php?action=profile;u=38966

You see. Vod knew this long time ago, that Bitstamp is scam. He placed negative trust to one of Bitstamp owner half year ago. If more people would listen to Vod, world of crypto would be much safer.


Title: Re: Coinfire Bitstamp update
Post by: findftp on January 05, 2015, 09:05:54 PM
Calm the fuck down everyone.
Ofcourse it is very sad you are not able to trade, however, your coins are safe.
I hope you are able to trade before the bottom.

Bitstamp will prove that this market is robust after the mtgox drama


Title: Re: Coinfire Bitstamp update
Post by: pedrog on January 05, 2015, 09:09:59 PM
Bitstamp covering all the losses is not going to be enough. Traders are still going to withdraw all their coins. Bitstamp will have to find out where the leak is and fix it. Once they fixed it, perform a full system audit, confidence can return.

I said above. these things will takes months and BitStamp won't afford(because they don't want to lose any cent) to cover the losses and to keep the company expenses.

Bitstamp credibility is zero at this point. No update since 12 hours ago. They didn't understand that they are playing with people's money not with bricks.

Their customers must ask the money back by bank wire. Their bank account is STILL functional.
Almost all their BTC must be backed in real money, right?
I would ask the money today not tomorrow.

Last update was 8 hours ago, at least give them some time to assess the problem before start screaming fire...

https://twitter.com/nejc_kodric/status/552091195795845120


Title: Re: Coinfire Bitstamp update
Post by: findftp on January 05, 2015, 09:13:15 PM
Bitstamp covering all the losses is not going to be enough. Traders are still going to withdraw all their coins. Bitstamp will have to find out where the leak is and fix it. Once they fixed it, perform a full system audit, confidence can return.

I said above. these things will takes months and BitStamp won't afford(because they don't want to lose any cent) to cover the losses and to keep the company expenses.

Bitstamp credibility is zero at this point. No update since 12 hours ago. They didn't understand that they are playing with people's money not with bricks.

Their customers must ask the money back by bank wire. Their bank account is STILL functional.
Almost all their BTC must be backed in real money, right?
I would ask the money today not tomorrow.

Must be trolling or new.
;D ;D good one! (real money)

Just relax, everything is going to be all fine...


Title: Re: Coinfire Bitstamp update
Post by: tzortz on January 05, 2015, 09:17:37 PM
Guys relax, this has been done at least a couple of times the last year and Bitstamp took care everything.

I can remember it took 48h or something if not mistaken last time to open up again.



Title: Re: Coinfire Bitstamp update
Post by: dserrano5 on January 05, 2015, 09:34:50 PM
https://bitcointalk.org/index.php?action=profile;u=38966

You see. Vod knew this long time ago, that Bitstamp is scam. He placed negative trust to one of Bitstamp owner half year ago. If more people would listen to Vod, world of crypto would be much safer.

That was because of a totally unrelated issue. But yeah, I see what you did there :P.


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 05, 2015, 10:20:35 PM
here you have more posts about Bitstamp :  https://bitcointalk.org/index.php?board=85


Title: Re: Coinfire Bitstamp update
Post by: Coinshot on January 05, 2015, 10:25:00 PM
Came across this now, bad news and bad time for all those who have their coins stuck.
If Bitstamp becomes like Gox, its going to hurt investor confidence a lot. Bad time for this to have happened.


Title: Re: Coinfire Bitstamp update
Post by: WilderX on January 05, 2015, 11:25:23 PM
It's that damn Johoe again...

and BTW Johoe = Satoshi Nakamoto


Title: Re: Coinfire Bitstamp update
Post by: philiveyjr on January 05, 2015, 11:38:16 PM
The Bitcoin price will fall in the next day/s
It has already gone down quite a lot before this happened!


Title: Re: Coinfire Bitstamp update
Post by: jabo38 on January 06, 2015, 12:23:42 AM
$5 million or about 10% of their bitcoins are gone. Bitstamp will live I guess but that stings.

http://ow.ly/2SVmqJ


Title: Re: Coinfire Bitstamp update
Post by: chopstick on January 06, 2015, 12:29:51 AM
WTF is this shit ??????????

https://twitter.com/AdamGuerbuez/status/551862867956617216 (https://twitter.com/AdamGuerbuez/status/551862867956617216)

https://twitter.com/BryceWeiner/status/552245329970888704 (https://twitter.com/BryceWeiner/status/552245329970888704)

http://pastebin.com/6Gc1Zh2g (http://pastebin.com/6Gc1Zh2g)


?????????????????


Title: Re: Coinfire Bitstamp update
Post by: tzortz on January 06, 2015, 12:44:16 AM
This is no good news.

I thought bitstamp was safe as heaven.

Another gox?


Title: Re: Coinfire Bitstamp update
Post by: flipstyle on January 06, 2015, 12:59:39 AM
WTF is this shit ??????????



http://pastebin.com/6Gc1Zh2g (http://pastebin.com/6Gc1Zh2g)


?????????????????

That's actually the address I saw cited by an earlier user who claimed his deposit yesterday mysteriously 'vanished' to that exact address and didn't get credited to his Bitstamp account.  Definitely looks like the hacker.  

inb4 flood of ISIS/taliban/raghead comments


If this is indeed what it looks like, I think this might be the final straw for bitcoin.  It was already on life support like Terry Schiavo, but this might be the one that finally pulls the chord.

We'll see if Bitstamp will really come out of pocket for this, and if users will even have confidence to use them going forward even if they do make good on it.  Bitcoins are safe NOWHERE.

GL to all that have money in that exchange.


Title: Re: Coinfire Bitstamp update
Post by: flipstyle on January 06, 2015, 01:03:25 AM
CEO from Bitstamp

https://bitcointalk.org/index.php?action=profile;u=38966

Oh big surprise. A Russian.

No need to panic here, folks.  I'm sure your money is 'safe.'   ::)


Title: Re: Coinfire Bitstamp update
Post by: Rampion on January 06, 2015, 01:57:21 AM
Kodric is not Russian.

The pastebin is a fake - if it was legit it would be signed with the address holding the coins.


Title: Re: Coinfire Bitstamp update
Post by: sobitcoin on January 06, 2015, 02:54:41 AM
What would gox 2.0 do to bitcoin?  ;D


lol.  I have faith in Bitstamp's standards... for now.. Feel like they would be ready for something like this

Bitcoin is not built around faith. It is rather built to defy it...

Wow I really appreciate your wisdom. Really just wow, completely amazed.  ::)


Title: Re: Coinfire Bitstamp update
Post by: sobitcoin on January 06, 2015, 03:13:42 AM
5.1 Million.... Damn, that's alot http://www.coindesk.com/bitstamp-claims-roughly-19000-btc-lost-hot-wallet-hack/




Title: Re: Coinfire Bitstamp update
Post by: smoothie on January 06, 2015, 03:19:32 AM
Calm the fuck down everyone.
Ofcourse it is very sad you are not able to trade, however, your coins are safe.
I hope you are able to trade before the bottom.

Bitstamp will prove that this market is robust after the mtgox drama

prove they are safe.

Otherwise please stop spouting baseless BS. Thanks


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 06, 2015, 09:53:44 AM
nobody is safe on internet. any website can be hacked BUT you can take enough measures to prevent your funds to be stolen.
Yes, it may happen that your website to be hacked. That's it...you are not the only one who is hacked....but not the funds or at least they steal a small part of it not 5 MIL. :)

how is it possible to keep 19K BTC in an operational wallet? why so much? normally, someone from Bitstamp should have moved most of it to other wallet(cold one) immediately after the wallet reached 2-3K bitcoins.

Thats's why they have employees. A such company, one of the biggest exchangers who is running millions of dollars, must have 24/24 permanent staff.


Title: Re: Coinfire Bitstamp update
Post by: turvarya on January 06, 2015, 10:45:25 AM
Calm the fuck down everyone.
Ofcourse it is very sad you are not able to trade, however, your coins are safe.
I hope you are able to trade before the bottom.

Bitstamp will prove that this market is robust after the mtgox drama

prove they are safe.

Otherwise please stop spouting baseless BS. Thanks
prove they are not safe.

Otherwise please stop spouting baseless BS. Thanks


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 06, 2015, 10:52:06 AM
the proof is here: Bitstamp lost 19K bitcoin = 5 mil usd

do you think that they were safe? try to withdraw some money from them today, see if you can BUT there are safe, right? :)


Title: Re: Coinfire Bitstamp update
Post by: Parazyd on January 06, 2015, 11:00:57 AM
https://i.imgur.com/Nm20jlg.png


Title: Re: Coinfire Bitstamp update
Post by: turvarya on January 06, 2015, 11:09:47 AM
the proof is here: Bitstamp lost 19K bitcoin = 5 mil usd

do you think that there were safe? try to withdraw some money from them today, see if you can BUT there are safe, right? :)
Yes, they lost money. That doesn't mean they lost your money. They lost their hot wallet, but have much more funds in their cold wallet.
They don't have any problem, paying back to their customer.


Title: Re: Coinfire Bitstamp update
Post by: BitCoinNutJob on January 06, 2015, 11:15:29 AM
What would gox 2.0 do to bitcoin?  ;D

18k < 650k , its still a ton though why do they need 18k coins in a hot wallet do people really withdraw that much in a few days lets say?

because they think they are GODS and nothing bad can happen to them. they think that they are beyond monkeys like "us"...

They are just two kids(owners) who are running/playing the people's money.

Of course, their clients have their own fault. They must make their due diligence before making any investment.

Maybe they empty out the hot wallet something like weekly and 18k is around what gets moved into the exchange.


Title: Re: Coinfire Bitstamp update
Post by: pawel7777 on January 06, 2015, 11:34:19 AM
the proof is here: Bitstamp lost 19K bitcoin = 5 mil usd

do you think that there were safe? try to withdraw some money from them today, see if you can BUT there are safe, right? :)
Yes, they lost money. That doesn't mean they lost your money. They lost their hot wallet, but have much more funds in their cold wallet.
They don't have any problem, paying back to their customer.

If both cold and hot wallets are clients deposits, then yes, they've lost some small % of everyone's deposits. If they have sufficient reserves/source of funding to cover such loss, then it's no problem for the customers, BitStamp owners would be the only ones who got hit. But if they can't afford it - that's when the shit goes down.


Title: Re: Coinfire Bitstamp update
Post by: turvarya on January 06, 2015, 11:39:19 AM
the proof is here: Bitstamp lost 19K bitcoin = 5 mil usd

do you think that there were safe? try to withdraw some money from them today, see if you can BUT there are safe, right? :)
Yes, they lost money. That doesn't mean they lost your money. They lost their hot wallet, but have much more funds in their cold wallet.
They don't have any problem, paying back to their customer.

If both cold and hot wallets are clients deposits, then yes, they've lost some small % of everyone's deposits. If they have sufficient reserves/source of funding to cover such loss, then it's no problem for the customers, BitStamp owners would be the only ones who got hit. But if they can't afford it - that's when the shit goes down.
The cold wallet is not just clients deposit. It is also their revenue. Your statement would be true if they converted their revenue to fiat instantly.
I don't see any evidence, that they can't afford it.


Title: Re: Coinfire Bitstamp update
Post by: pawel7777 on January 06, 2015, 12:02:30 PM
the proof is here: Bitstamp lost 19K bitcoin = 5 mil usd

do you think that there were safe? try to withdraw some money from them today, see if you can BUT there are safe, right? :)
Yes, they lost money. That doesn't mean they lost your money. They lost their hot wallet, but have much more funds in their cold wallet.
They don't have any problem, paying back to their customer.

If both cold and hot wallets are clients deposits, then yes, they've lost some small % of everyone's deposits. If they have sufficient reserves/source of funding to cover such loss, then it's no problem for the customers, BitStamp owners would be the only ones who got hit. But if they can't afford it - that's when the shit goes down.
The cold wallet is not just clients deposit. It is also their revenue. Your statement would be true if they converted their revenue to fiat instantly.
I don't see any evidence, that they can't afford it.

No one knows (apart from BitStamp) what % of the cold wallet are their own funds. My guess is it's a tiny %. They do have to convert to fiat pretty often, they got bills, salaries, expenses to be paid (in fiat) on monthly basis.

Also, they cannot just take the revenue (collected fees) and cover for the stolen deposits. They also need to cover their operating expenses with it.

I don't know whether is bad or very bad for BitStamp, but I think in either way it's a problem they can manage with (if they have experienced,competent people on-board). Don't think we'll see Gox 2.0 here.


Title: Re: Coinfire Bitstamp update
Post by: tzortz on January 06, 2015, 12:27:43 PM
I believe they had said in the past that the hot wallet gets emptied on a daily basis.

So a hot of 18k is not impossible.

But still is s a lot of money, but will be paid by owner's pocket. I think.


Title: Re: Coinfire Bitstamp update
Post by: TrueCryptonaire on January 06, 2015, 12:53:34 PM
They could repay by increasing the trading fees, for example to the range 0.3-0.6 and put the excess in separate fund and just start to repay.


Title: Re: Coinfire Bitstamp update
Post by: sobitcoin on January 06, 2015, 04:08:56 PM
the proof is here: Bitstamp lost 19K bitcoin = 5 mil usd

do you think that there were safe? try to withdraw some money from them today, see if you can BUT there are safe, right? :)
Yes, they lost money. That doesn't mean they lost your money. They lost their hot wallet, but have much more funds in their cold wallet.
They don't have any problem, paying back to their customer.

You seem quite sure of this? Can you provide evidence? Right now we know the funds are not where they should be, after they were deposited by customers.  Yes, this would be an issue.  Please don't brush this off like it is nothing, clearly you did not have funds involved, but i am sure there is a number of concerned people on here that did. Unless you know their money is coming back, kindly, shut your mouth  ::)


Title: Re: Coinfire Bitstamp update
Post by: turvarya on January 06, 2015, 04:20:18 PM
the proof is here: Bitstamp lost 19K bitcoin = 5 mil usd

do you think that there were safe? try to withdraw some money from them today, see if you can BUT there are safe, right? :)
Yes, they lost money. That doesn't mean they lost your money. They lost their hot wallet, but have much more funds in their cold wallet.
They don't have any problem, paying back to their customer.

You seem quite sure of this? Can you provide evidence? Right now we know the funds are not where they should be, after they were deposited by customers.  Yes, this would be an issue.  Please don't brush this off like it is nothing, clearly you did not have funds involved, but i am sure there is a number of concerned people on here that did. Unless you know their money is coming back, kindly, shut your mouth  ::)
Just read some news about bitstamp. E.g. this:
http://www.coindesk.com/bitstamp-passes-audit-overseen-bitcoin-developer-mike-hearn/


Title: Re: Coinfire Bitstamp update
Post by: pawel7777 on January 06, 2015, 04:21:32 PM
They could repay by increasing the trading fees, for example to the range 0.3-0.6 and put the excess in separate fund and just start to repay.


Not a good idea. Would work if they had monopoly or were at least the major player, but they're not anymore. It's a very competitive market atm.

Right now they need to fix the problem and re-build trust, which is not easy. If they were to increase tx fees, they'll be effectively punishing customers for their own mistake, that's not wise move.


Title: Re: Coinfire Bitstamp update
Post by: sobitcoin on January 06, 2015, 07:10:22 PM
the proof is here: Bitstamp lost 19K bitcoin = 5 mil usd

do you think that there were safe? try to withdraw some money from them today, see if you can BUT there are safe, right? :)
Yes, they lost money. That doesn't mean they lost your money. They lost their hot wallet, but have much more funds in their cold wallet.
They don't have any problem, paying back to their customer.

You seem quite sure of this? Can you provide evidence? Right now we know the funds are not where they should be, after they were deposited by customers.  Yes, this would be an issue.  Please don't brush this off like it is nothing, clearly you did not have funds involved, but i am sure there is a number of concerned people on here that did. Unless you know their money is coming back, kindly, shut your mouth  ::)
Just read some news about bitstamp. E.g. this:
http://www.coindesk.com/bitstamp-passes-audit-overseen-bitcoin-developer-mike-hearn/


Stopped at May 27... Then figured I should read. I understand that yeah, they are probably going to cover it, but as an outsider, with NO inside information, how can you tell people their funds are safe, based off a May press release of a valuation.  There is a whole bunch of unknowns, and unless you are 100%  leave it up to their staff to guarantee people's money.  Yeah, most likely they will,  but this place doesn't seem to function based on what everyone knows or assumes on a daily basis.


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 06, 2015, 07:17:41 PM
the proof is here: Bitstamp lost 19K bitcoin = 5 mil usd

do you think that there were safe? try to withdraw some money from them today, see if you can BUT there are safe, right? :)
Yes, they lost money. That doesn't mean they lost your money. They lost their hot wallet, but have much more funds in their cold wallet.
They don't have any problem, paying back to their customer.

You seem quite sure of this? Can you provide evidence? Right now we know the funds are not where they should be, after they were deposited by customers.  Yes, this would be an issue.  Please don't brush this off like it is nothing, clearly you did not have funds involved, but i am sure there is a number of concerned people on here that did. Unless you know their money is coming back, kindly, shut your mouth  ::)
Just read some news about bitstamp. E.g. this:
http://www.coindesk.com/bitstamp-passes-audit-overseen-bitcoin-developer-mike-hearn/


Stopped at May 27... Then figured I should read. I understand that yeah, they are probably going to cover it, but as an outsider, with NO inside information, how can you tell people their funds are safe, based off a May press release of a valuation.  There is a whole bunch of unknowns, and unless you are 100%  leave it up to their staff to guarantee people's money.  Yeah, most likely they will,  but this place doesn't seem to function based on what everyone knows or assumes on a daily basis.

Bistamp is related with Ripple, Bitcoin Foundation and others. Their shareholders are shareholders for many other bitcoin companies.

i think they will cover the loss because the scandal will be TOO BIG and it will involve all these companies and Bitcoin will crush. :)
Bitfinex, Coinbase are related with Bitstamp. Bitstamp is processing their orders.

So, they are a gang who is manipulating the market how they want and each of them are taking a piece of the cake named Bitcoin. :)

a simple proof is these days. Bitstamp hacked, people in panic, a lot of sells and the Bitcoin price is maintain at 270 USD

In other cases, even a small exchanger had falled, the Bitcoin price went down.


Title: Re: Coinfire Bitstamp update
Post by: sobitcoin on January 06, 2015, 07:26:44 PM
the proof is here: Bitstamp lost 19K bitcoin = 5 mil usd

do you think that there were safe? try to withdraw some money from them today, see if you can BUT there are safe, right? :)
Yes, they lost money. That doesn't mean they lost your money. They lost their hot wallet, but have much more funds in their cold wallet.
They don't have any problem, paying back to their customer.

You seem quite sure of this? Can you provide evidence? Right now we know the funds are not where they should be, after they were deposited by customers.  Yes, this would be an issue.  Please don't brush this off like it is nothing, clearly you did not have funds involved, but i am sure there is a number of concerned people on here that did. Unless you know their money is coming back, kindly, shut your mouth  ::)
Just read some news about bitstamp. E.g. this:
http://www.coindesk.com/bitstamp-passes-audit-overseen-bitcoin-developer-mike-hearn/


Stopped at May 27... Then figured I should read. I understand that yeah, they are probably going to cover it, but as an outsider, with NO inside information, how can you tell people their funds are safe, based off a May press release of a valuation.  There is a whole bunch of unknowns, and unless you are 100%  leave it up to their staff to guarantee people's money.  Yeah, most likely they will,  but this place doesn't seem to function based on what everyone knows or assumes on a daily basis.

Bistamp is related with Ripple, Bitcoin Foundation and others. Their shareholders are shareholders for many other bitcoin companies.

i think they will cover the loss because the scandal will be TOO BIG and it will involve all these companies and Bitcoin will crush. :)
Bitfinex, Coinbase are related with Bitstamp. Bitstamp is processing their orders.

So, they are a gang who is manipulating the market how they want and each of them are taking a piece of the cake named Bitcoin. :)

a simple proof is these days. Bitstamp hacked, people in panic, a lot of sells and the Bitcoin price is maintain at 270 USD

In other cases, even a small exchanger had falled, the Bitcoin price went down.

I think we are on completely different lines here.  Thanks for the info about ripple and such, very good to know.  I can't personally believe that "In other cases, even a small exchanger had falled, the Bitcoin price went down."

Just find that interesting. Unless it is that obvious of complete market maniplation by a handful of people at the top, I would expect Microsoft announcing they accept bitcoin to have a market impact, which it didn't seem to, yet a small exchange getting hacked drives the price down? I would defiantly need some more information or statistics to side with this.

Also, I do not understand how an exchange getting hacked would impact the sell market. It would focus people on getting their coins back from Bitstamp, not take what other BTC they have and turn to another exchange to sell them all.... Perhaps some would sell, but I don't think an exchanges hardships would change peoples minds about holding bitcoin in general.

Just doesnt add up in my head.


Title: Re: Coinfire Bitstamp update
Post by: gog1 on January 06, 2015, 07:29:52 PM
bitstamp is no small exchange.  It occupies a small place in the bitcoin world - outside of the Chinese exchanges (where foreigners cannot really access with currency control); bitstamp is one of the larger exchanges.


Title: Re: Coinfire Bitstamp update
Post by: Nagle on January 06, 2015, 07:59:43 PM
Yes, they lost money. That doesn't mean they lost your money. They lost their hot wallet, but have much more funds in their cold wallet. They don't have any problem, paying back to their customer.
There was some user who was saying similar reassuring things about Mt. Gox all the way up to the bankruptcy. Who was that, and where are they now?


Title: Re: Coinfire Bitstamp update
Post by: sobitcoin on January 06, 2015, 08:02:37 PM
Yes, they lost money. That doesn't mean they lost your money. They lost their hot wallet, but have much more funds in their cold wallet. They don't have any problem, paying back to their customer.
There was some user who was saying similar reassuring things about Mt. Gox all the way up to the bankruptcy. Who was that, and where are they now?

Everyone on the outside always knows what's going on on the inside, that's what I love about this community. They don't speculate, they are 100% sure about everything. Trends, hacks, potential businesses, no speculators here, just a whole bunch of people that are 100% correct.


Title: Re: Coinfire Bitstamp update
Post by: QuestionAuthority on January 06, 2015, 08:11:29 PM
Yes, they lost money. That doesn't mean they lost your money. They lost their hot wallet, but have much more funds in their cold wallet. They don't have any problem, paying back to their customer.
There was some user who was saying similar reassuring things about Mt. Gox all the way up to the bankruptcy. Who was that, and where are they now?

Everyone on the outside always knows what's going on on the inside, that's what I love about this community. They don't speculate, they are 100% sure about everything. Trends, hacks, potential businesses, no speculators here, just a whole bunch of people that are 100% correct.

So true but how many people here are paid to purposely plant false information. Not many of them are as blatantly transparent as Matthew Wright's attempt to draw attention away from pirates failing ponzi. How many people are never identified as shills working for some company. They work for the highest bidder while their rank and seniority continues to rise. That's what I liked about MPOE-PR. Call em' like you see em' direct approach isn't well received here though.


Title: Re: Coinfire Bitstamp update
Post by: turvarya on January 06, 2015, 08:13:16 PM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.


Title: Re: Coinfire Bitstamp update
Post by: QuestionAuthority on January 06, 2015, 08:18:56 PM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.


Title: Re: Coinfire Bitstamp update
Post by: OhShei8e on January 06, 2015, 08:37:42 PM
There was some user who was saying similar reassuring things about Mt. Gox all the way up to the bankruptcy. Who was that, and where are they now?

I went all the way down with Gox and believed and told such things. Stupid me. Today I wish I would have respected the warning signs. To late now. Gone.

I can not say much about Bitstamp. When I started they were out of the question. No hardware token, no API keys but clear text passwords in times of Heartbleed and a nearly empty order book.

After Gox they have grown and improved. But just like Gox they have peaked. They are much smaller than Gox. I think they have lost 15% of their coins or so now.
This is dangerous. As a customer I would use the next best opportunity and knocking off there. They have only 6% of the market. Nobody cares two hoots about it.
Today things are happening in China. Mining, Trading and maybe more. I don't know. I've given up trading on exchanges. For me, the past.

Professional traders (I'm not) can use CFDs today. No need for them to take the risk on an exchange. Fonds manager, if there are any, will give up Bitstamp. That should be quite clear.

Just my two cents on this.


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 06, 2015, 11:02:19 PM
There was some user who was saying similar reassuring things about Mt. Gox all the way up to the bankruptcy. Who was that, and where are they now?

I went all the way down with Gox and believed and told such things. Stupid me. Today I wish I would have respected the warning signs. To late now. Gone.

I can not say much about Bitstamp. When I started they were out of the question. No hardware token, no API keys but clear text passwords in times of Heartbleed and a nearly empty order book.

After Gox they have grown and improved. But just like Gox they have peaked. They are much smaller than Gox. I think they have lost 15% of their coins or so now.
This is dangerous. As a customer I would use the next best opportunity and knocking off there. They have only 6% of the market. Nobody cares two hoots about it.
Today things are happening in China. Mining, Trading and maybe more. I don't know. I've given up trading on exchanges. For me, the past.

Professional traders (I'm not) can use CFDs today. No need for them to take the risk on an exchange. Fonds manager, if there are any, will give up Bitstamp. That should be quite clear.

Just my two cents on this.



The chineses data are fake. http://www.coindesk.com/reality-chinese-trading-volumes/

Also, 50% from all the Bitcoin transctions are fake :
 https://www.cryptocoinsnews.com/fake-transaction-chains-double-2014-bitcoin-volume/

Everything is a bubble, a manipulating market and a few people are earning a lot. the rest of them are losing money.



Title: Re: Coinfire Bitstamp update
Post by: OhShei8e on January 07, 2015, 12:47:59 AM
The chineses data are fake. http://www.coindesk.com/reality-chinese-trading-volumes/

Also, 50% from all the Bitcoin transctions are fake :
 https://www.cryptocoinsnews.com/fake-transaction-chains-double-2014-bitcoin-volume/

Everything is a bubble, a manipulating market and a few people are earning a lot. the rest of them are losing money.

Yes, and youself give a good example by frighten us with old news.  ;)

http://bitcoincharts.com/charts/volumepie/

Huobi, OKCoin and BTCChina are chinese traders. Bitfinex are Hong Kong-based.

That's not all fake. They control a large part of the market. Mining now takes place in China on a large scale.

Bitstamp has 6% of the market and keeps as well 130,000 BTC.


Title: Re: Coinfire Bitstamp update
Post by: Inotanewbie on January 07, 2015, 05:07:18 AM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.
In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 07, 2015, 10:12:26 AM
The chineses data are fake. http://www.coindesk.com/reality-chinese-trading-volumes/

Also, 50% from all the Bitcoin transctions are fake :
 https://www.cryptocoinsnews.com/fake-transaction-chains-double-2014-bitcoin-volume/

Everything is a bubble, a manipulating market and a few people are earning a lot. the rest of them are losing money.

Yes, and youself give a good example by frighten us with old news.  ;)

http://bitcoincharts.com/charts/volumepie/

Huobi, OKCoin and BTCChina are chinese traders. Bitfinex are Hong Kong-based.

That's not all fake. They control a large part of the market. Mining now takes place in China on a large scale.

Bitstamp has 6% of the market and keeps as well 130,000 BTC.

Who knows what share Bitstamp or other exchanger has? The datas are fake. The chineses are doing that on a large scale.Huobi, OKCoin , LakeBTC, BTCChina. All of them have fake transactions....around of 1/10.

 So, if they claim to have 1000 transactions, they actually have 100.

Yes, it is scary but it is the pure truth about these exchangers.
so, do you believe everything you are served. :)


Title: Re: Coinfire Bitstamp update
Post by: QuestionAuthority on January 07, 2015, 03:51:29 PM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.
In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 07, 2015, 04:08:09 PM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.
In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer) :)


Title: Re: Coinfire Bitstamp update
Post by: QuestionAuthority on January 07, 2015, 04:21:44 PM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.
In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer) :)


If they do open it will be to the worst bank run in the history of Bitcoin.  ;D


Title: Re: Coinfire Bitstamp update
Post by: ChuckBuck on January 07, 2015, 04:42:13 PM
Looks like Bitstamp will be re-deployed either tomorrow or Friday pending testing:

https://twitter.com/nejc_kodric/status/552615256452001792

https://i.imgur.com/TbKOPix.png

Let's hope they take their time on this matter, thoroughly test everything, double check all security measures etc.

Can't afford for this to happen again.


Title: Re: Coinfire Bitstamp update
Post by: tzortz on January 07, 2015, 06:10:53 PM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.
In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer) :)


If they do open it will be to the worst bank run in the history of Bitcoin.  ;D


Hold on, elections are coming to Greece in a couple of weeks.


Title: Re: Coinfire Bitstamp update
Post by: validium on January 07, 2015, 06:27:39 PM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.
In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer) :)


If they do open it will be to the worst bank run in the history of Bitcoin.  ;D


Hold on, elections are coming to Greece in a couple of weeks.

What do elections in Greece have to do with the bitstamp hack?


Title: Re: Coinfire Bitstamp update
Post by: locopao on January 07, 2015, 09:25:22 PM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.
In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer) :)


If they do open it will be to the worst bank run in the history of Bitcoin.  ;D


Hold on, elections are coming to Greece in a couple of weeks.

What do elections in Greece have to do with the bitstamp hack?

he is probably talking about the "Grexit" scenario in case the left wing "SYRIZA" wins. In that case it's possible that greece exits euro and return to drachmas. So there will be a general european economic instability. That's what every economic analysts say.


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 07, 2015, 11:44:08 PM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.
In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer) :)


If they do open it will be to the worst bank run in the history of Bitcoin.  ;D

they lost most of their clients trust. they will reopen to close.


Title: Re: Coinfire Bitstamp update
Post by: Parazyd on January 07, 2015, 11:51:38 PM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.
In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer) :)


If they do open it will be to the worst bank run in the history of Bitcoin.  ;D

they lost most of their clients trust. they will reopen to close.

Not necessarily. If they manage to issue a full refund to users, there's not so much trouble. I agree, they have lost users' trust, but I don't see it destroying the exchange completely. It's still the largest non-asian exchange out there.


Title: Re: Coinfire Bitstamp update
Post by: cisahasa on January 07, 2015, 11:57:24 PM
who the fuck is sending more money to Bitstamp Hack wallet?

Total Received    18,966.30972286 BTC    
Final Balance    80.79601119 BTC


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 07, 2015, 11:58:56 PM
who the fuck is sending more money to Bitstamp Hack wallet?

the stupids. there are SO MANY.

someone just sent 70 BTC = 22K  hahahaha

it is SO fishy

https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf


Title: Re: Coinfire Bitstamp update
Post by: cisahasa on January 08, 2015, 12:03:38 AM
must be a joke..


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 08, 2015, 12:05:04 AM
must be a joke..

a joke of 22,000 USD ?


Title: Re: Coinfire Bitstamp update
Post by: cisahasa on January 08, 2015, 12:07:35 AM
must be a joke..

a joke of 22,000 USD ?

hacker moving those for fun or stealing more?


Title: Re: Coinfire Bitstamp update
Post by: Parazyd on January 08, 2015, 12:12:53 AM
must be a joke..

a joke of 22,000 USD ?

hacker moving those for fun or stealing more?

Hardly stealing more. It's probably the same coins, being thrown around.
I don't think Bitstamp would leave their hot wallet automation on after the hack.


Title: Re: Coinfire Bitstamp update
Post by: Rampion on January 08, 2015, 12:34:12 AM
must be a joke..

a joke of 22,000 USD ?

hacker moving those for fun or stealing more?

Hardly stealing more. It's probably the same coins, being thrown around.
I don't think Bitstamp would leave their hot wallet automation on after the hack.

What automation?

Bitstamp has a hot wallet and it gets compromised: that just means that the hacker gets full control of those addresses. There is no way for Bitstamp to "disable" them, the best they can do is to tell people to stop sending coins to those addresses because a hacer has the private keys.

If a Bitstamp customer is not aware of the current situation and just sends BTC to an old deposit address he has in his address book there's nothing Bitstamo could do. Money would go to the hacker, especially if he is faster that Bitstamp and uses huge transactions fees to beat any double spending attempt by Bitstamp.


Title: Re: Coinfire Bitstamp update
Post by: mayax on January 08, 2015, 12:37:17 AM
so, the hacked made another 22K today. Nice day for him :))

and another very sad Bitstamp customer will be added on list


Title: Re: Coinfire Bitstamp update
Post by: newuser01 on January 08, 2015, 04:12:33 AM
WTF is this shit ??????????

https://twitter.com/AdamGuerbuez/status/551862867956617216 (https://twitter.com/AdamGuerbuez/status/551862867956617216)

https://twitter.com/BryceWeiner/status/552245329970888704 (https://twitter.com/BryceWeiner/status/552245329970888704)

http://pastebin.com/6Gc1Zh2g (http://pastebin.com/6Gc1Zh2g)


?????????????????


would someone really buy that many stolen coins for just 20% off? I doubt it

besides.. he should sign a message with the address if he really controls the keys.


Title: Re: Coinfire Bitstamp update
Post by: TXWA on January 08, 2015, 05:36:58 AM
WTF is this shit ??????????

https://twitter.com/AdamGuerbuez/status/551862867956617216 (https://twitter.com/AdamGuerbuez/status/551862867956617216)

https://twitter.com/BryceWeiner/status/552245329970888704 (https://twitter.com/BryceWeiner/status/552245329970888704)

http://pastebin.com/6Gc1Zh2g (http://pastebin.com/6Gc1Zh2g)


?????????????????


would someone really buy that many stolen coins for just 20% off? I doubt it

besides.. he should sign a message with the address if he really controls the keys.
Myself I think it's just a fake. We've had such trolls very often last time.


Title: Re: Coinfire Bitstamp update
Post by: tzortz on January 08, 2015, 08:54:24 AM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.
In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer) :)


If they do open it will be to the worst bank run in the history of Bitcoin.  ;D


Hold on, elections are coming to Greece in a couple of weeks.

What do elections in Greece have to do with the bitstamp hack?


He mentioned about the worst bank run in the history.

I believe the worst bank run is coming in Greece after electing SYRIZA party.

Explain more?


Title: Re: Coinfire Bitstamp update
Post by: Parazyd on January 08, 2015, 09:07:10 AM
must be a joke..

a joke of 22,000 USD ?

hacker moving those for fun or stealing more?

Hardly stealing more. It's probably the same coins, being thrown around.
I don't think Bitstamp would leave their hot wallet automation on after the hack.

What automation?

Bitstamp has a hot wallet and it gets compromised: that just means that the hacker gets full control of those addresses. There is no way for Bitstamp to "disable" them, the best they can do is to tell people to stop sending coins to those addresses because a hacer has the private keys.

If a Bitstamp customer is not aware of the current situation and just sends BTC to an old deposit address he has in his address book there's nothing Bitstamo could do. Money would go to the hacker, especially if he is faster that Bitstamp and uses huge transactions fees to beat any double spending attempt by Bitstamp.

I thought only that address was their hot wallet. Nevermind.


Title: Re: Coinfire Bitstamp update
Post by: QuestionAuthority on January 08, 2015, 03:10:35 PM
Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.
In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer) :)


If they do open it will be to the worst bank run in the history of Bitcoin.  ;D


Hold on, elections are coming to Greece in a couple of weeks.

What do elections in Greece have to do with the bitstamp hack?


He mentioned about the worst bank run in the history.

I believe the worst bank run is coming in Greece after electing SYRIZA party.

Explain more?

I said the history of Bitcoin but I understood what you meant.


Title: Re: Coinfire Bitstamp update
Post by: cisahasa on January 12, 2015, 01:48:17 AM
who the fuck is sending more money to Bitstamp Hack wallet?

the stupids. there are SO MANY.

someone just sent 70 BTC = 22K  hahahaha

it is SO fishy

https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Final Balance    182.88609398 BTC


Title: Re: Coinfire Bitstamp update
Post by: Mscheryl on January 12, 2015, 10:17:57 PM
They are operating again. I love Bitstamp.