Bitcoin Forum

Economy => Speculation => Topic started by: Watoshi-Dimobuto on January 05, 2015, 09:55:32 AM



Title: Bad news. Bitstamp trouble? Impact on price?
Post by: Watoshi-Dimobuto on January 05, 2015, 09:55:32 AM
Check here : http://bistamp.net/



http://www.reddit.com/r/Bitcoin/comments/2rd2xe/bitstamp_is_apparently_broken_or_hacked_i_suggest/

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

http://bitcoinist.net/bitstamp-service-temporarily-suspend/

https://www.cryptocoinsnews.com/bitcoin-exchange-bitstamp-withdrawals-deposits-stopped-possible-rng-attack/

http://newsbtc.com/2015/01/05/bitcoin-exchange-bitstamp-stops-services-rng-attack-suspected/

http://siliconangle.com/blog/2015/01/05/bitstamp-accounts-possibly-compromised-users-told-to-stop-using-hot-wallets/


Do you think Bitcoin price will further go down?

Sold my BTC. Just waiting for a clear trend to take any further action.


Title: Re: Bad news. Bitstamp hacked? Impact on price?
Post by: Mellnik on January 05, 2015, 10:03:15 AM
Shut up scum. Bitstamp was not hacked.

Posting untrustworthy references from reddshit.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: Watoshi-Dimobuto on January 05, 2015, 10:06:23 AM
Shut up scum. Bitstamp was not hacked.

Posting untrustworthy references from reddshit.

well, it is not reported only on reddit. Coindesk.
Anyway, there is some issue with the hot wallet.

Seeing your reponse, I think you wouldn't have believed mtgox till it happened?

I am not saying bitstamp is done for or anything. But, I think it has an impact on price anyway. i am just waiting for a clear move.


Title: Re: Bad news. Bitstamp hacked? Impact on price?
Post by: keewee on January 05, 2015, 10:10:16 AM
Shut up scum. Bitstamp was not hacked.

Posting untrustworthy references from reddshit.

Given that the front page of Bitstamp's web site states that "one of Bitstamp’s operational wallets was compromised on January 4th, 2015." it isn't hard to assume some sort of hack was involved, surely.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: Watoshi-Dimobuto on January 05, 2015, 10:13:52 AM
Please note: Their cold wallet is not affected.


But, I think it still has an impact on price. If you get out your btc (through ripple method, etc.), you will want to convert it to fiat to be safe, indirectly pushing the price down at the other exchange. (Withdrawals are halted.)


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: N12 on January 05, 2015, 10:15:09 AM
Please note: Their cold wallet is not affected.
So they say. Words cannot be trusted, only Bitcoin address signatures can.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: Gianluca95 on January 05, 2015, 10:16:10 AM
Hey man, BTC isn't lose yet.

See here: 1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa
1JYTUJZMTsJkqDfLzBG1bGcaBngLgSPAoQ
1PuSoNughjE4zTdRQS2sDhLEFbVgkB3kS7
16vXP31udcx67Xk9KZJNAq2JM6i4hFSGyh
1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew
1ABobw22YXGu4vKtysgX9AKRqz3fUFWv4E
1GVtpiTSEwC1vUe3UGFRBHjGTrWVFuiArs


Here there are 220.000 Bitcoin, more or less this is the cold storage of Bitstamp. So, relax man and see what will happen the next hour. Btc are not stolen.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: N12 on January 05, 2015, 10:18:43 AM
Hey man, BTC isn't lose yet.

See here: 1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa
1JYTUJZMTsJkqDfLzBG1bGcaBngLgSPAoQ
1PuSoNughjE4zTdRQS2sDhLEFbVgkB3kS7
16vXP31udcx67Xk9KZJNAq2JM6i4hFSGyh
1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew
1ABobw22YXGu4vKtysgX9AKRqz3fUFWv4E
1GVtpiTSEwC1vUe3UGFRBHjGTrWVFuiArs


Here there are 220.000 Bitcoin, more or less this is the cold storage of Bitstamp. So, relax man and see what will happen the next hour. Btc are not stolen.
Good catch. If we can assume that they have been in control of the coins at the time they last rested, we can be sure that they control them.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: piramida on January 05, 2015, 10:22:08 AM
Hey man, BTC isn't lose yet.

See here: 1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa
1JYTUJZMTsJkqDfLzBG1bGcaBngLgSPAoQ
1PuSoNughjE4zTdRQS2sDhLEFbVgkB3kS7
16vXP31udcx67Xk9KZJNAq2JM6i4hFSGyh
1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew
1ABobw22YXGu4vKtysgX9AKRqz3fUFWv4E
1GVtpiTSEwC1vUe3UGFRBHjGTrWVFuiArs


Here there are 220.000 Bitcoin, more or less this is the cold storage of Bitstamp. So, relax man and see what will happen the next hour. Btc are not stolen.
Good catch. If we can assume that they have been in control of the coins at the time they last rested, we can be sure that they control them.

I don't think it would be wise for them to move or even check these funds now, until they understand how deep the hack goes. Might well be they are monitored. So the secure approach will be to run a full security audit first, then prove ownership of the funds. I.e. no hasty decisions, hackers might be expecting this.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: Mieehayii on January 05, 2015, 10:26:41 AM
the second way in my prediction https://bitcointalk.org/index.php?topic=914412.0


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: wobber on January 05, 2015, 10:26:48 AM
Speculators are again burnt by using a centralized exchange for a decentralized payment system.

I know Bitstamp's security and Ibelieve it's hard to compromise cold wallets but still, a big minus on the image of Bitcoin. Bitcoin will never take off unless ALL centralized exchanges die.



Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: N12 on January 05, 2015, 10:28:03 AM
Speculators are again burnt by using a centralized exchange for a decentralized payment system.

I know Bitstamp's security and Ibelieve it's hard to compromise cold wallets but still, a big minus on the image of Bitcoin. Bitcoin will never take off unless ALL centralized exchanges die.


Centralized exchanges can offer multi-signature for trustless Bitcoin deposits.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: ElectricMucus on January 05, 2015, 10:37:53 AM
"hack"

also

lol it's about time, what took them so long?

impact: That depends in which direction they are manipulating the market.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: Watoshi-Dimobuto on January 05, 2015, 10:39:26 AM
But the fact we had a crash just before Stamp announced this is very, very suspicious.



Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: ElectricMucus on January 05, 2015, 10:43:11 AM
If you are still on mtgoxbitstamp it's a wakeup call to get all your funds out.
Well, now we'll see if you people learned anything from the gox debacle. If bitstamp is still the major western exchange at the end of the month I don't have any hope for you.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: agath on January 05, 2015, 10:43:37 AM
Check here : http://bistamp.net/

There is a typo, the correct site is http://www.bitstamp.net/


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: ronald98 on January 05, 2015, 10:53:41 AM
Speculators are again burnt by using a centralized exchange for a decentralized payment system.

I know Bitstamp's security and Ibelieve it's hard to compromise cold wallets but still, a big minus on the image of Bitcoin. Bitcoin will never take off unless ALL centralized exchanges die.


Centralized exchanges can offer multi-signature for trustless Bitcoin deposits.

We should start a campaign to force them all to start using them. If they can use them, why aren't they?


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: exocytosis on January 05, 2015, 11:13:38 AM
We'll be in the double digit price range in less than 48 hours.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: ndnh on January 05, 2015, 11:21:21 AM
We'll be in the double digit price range in less than 48 hours.

Whatever happens. pretty sure that isn't going to happen.

Even with mtgox, the price went down to double digits only in mtgox. Here bitstamp price is officially still at 277 :D


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: ElectricMucus on January 05, 2015, 11:21:53 AM
We'll be in the double digit price range in less than 48 hours.
* for Bitstamps not Bitcoins


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: tarmi on January 05, 2015, 11:22:01 AM
https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf


timestamp of the last trascaction -> 10:10.

bitstamp down from 10:12.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: HarmonLi on January 05, 2015, 11:42:49 AM
I don't think as of now that Bitstamp really is screwed beyond repair. I'm still optimistic! I just hope they disable the pending orders before re-enabling the trading engine. I believe people may be tempted to sell their Bitcoins for FIAT in fear of not being able to get their BTC back!


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: Mobius on January 05, 2015, 12:12:57 PM
I'm not worried. Lets just wait until their official statement.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: ElectricMucus on January 05, 2015, 12:17:16 PM
I'm not worried. Lets just wait until their official statement.

They better invite Roger Ver.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: bitcodo on January 05, 2015, 12:20:20 PM
I'm not worried. Lets just wait until their official statement.

They better invite Roger Ver.

 ;D


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: wobber on January 05, 2015, 12:22:00 PM
I don't think as of now that Bitstamp really is screwed beyond repair. I'm still optimistic! I just hope they disable the pending orders before re-enabling the trading engine. I believe people may be tempted to sell their Bitcoins for FIAT in fear of not being able to get their BTC back!

Many were optimistic in the dawn of MtGox fuckpucinno.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: 2dogs on January 05, 2015, 12:29:21 PM
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.

The chart is flatlined since 9:00 UTC (to present) at 276.8, indicating no trades:

https://bitcoinwisdom.com/markets/bitstamp/btcusd


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: smoothie on January 05, 2015, 12:57:00 PM
What I find interesting is that they basically halted trading by shutting the site down.

Why halt trading? If there are no deposits nor withdrawals that should not matter on buying or selling.

Seems suspect to me.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: N12 on January 05, 2015, 12:58:20 PM
What I find interesting is that they basically halted trading by shutting the site down.

Why halt trading? If there are not deposits nor withdrawals that should not matter on buying or selling.

Seems suspect to me.
They want to manipulate the market by preventing panic sells.

Lower prices in the longer term aren't good for their revenues which are based on percentage fees.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: ajw7989 on January 05, 2015, 01:06:16 PM
Bitstamp price might change and drop like a rock but doubt it will affect the other already real low bitcoin prices. If anything might get some new buyers in the other exchanges for these lost or stolen coin.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: N12 on January 05, 2015, 01:08:07 PM
Bitstamp price might change and drop like a rock but doubt it will affect the other already real low bitcoin prices. If anything might get some new buyers in the other exchanges for these lost or stolen coin.
Just like how bad news from MtGox didn't affect all the other exchanges during the years it existed. :D :D :D


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: White sugar on January 05, 2015, 01:10:57 PM
Bitstamp price might change and drop like a rock but doubt it will affect the other already real low bitcoin prices. If anything might get some new buyers in the other exchanges for these lost or stolen coin.


We are around 270 right now.

I bet it is due whale people with inside info of what is going on with stamp, that sold before everything went public


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: 2dogs on January 05, 2015, 01:11:24 PM
Millions lost....
https://bitcointalk.org/index.php?topic=914622.msg10045302#msg10045302


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: batou on January 05, 2015, 01:13:45 PM
Millions lost....
https://bitcointalk.org/index.php?topic=914622.msg10045302#msg10045302

I thought u had some info, turns out only FUD  :-\


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: masterluc on January 05, 2015, 01:13:48 PM
What I find interesting is that they basically halted trading by shutting the site down.

Why halt trading? If there are no deposits nor withdrawals that should not matter on buying or selling.

Seems suspect to me.
Halt everything is N1 rule before investigation on hack threat


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: phoenix1 on January 05, 2015, 01:15:16 PM
What I find interesting is that they basically halted trading by shutting the site down.

Why halt trading? If there are not deposits nor withdrawals that should not matter on buying or selling.

Seems suspect to me.
They want to manipulate the market by preventing panic sells.

Lower prices in the longer term aren't good for their revenues which are based on percentage fees.

Yup, BitStamp crash protection squad leaps into action !   :D

That and possibly to stop people moving BTC off the exchange via Ripple ...

Quote
Bitstamp users, who were using innovative methods such as Ripple to get their money out of Bitstamp, are now unable to perform any actions on the Bitstamp site

https://www.cryptocoinsnews.com/wallet-breach-causes-bitcoin-exchange-bitstamp-to-temporarily-suspend-service/ (https://www.cryptocoinsnews.com/wallet-breach-causes-bitcoin-exchange-bitstamp-to-temporarily-suspend-service/)


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: 2dogs on January 05, 2015, 01:16:25 PM
Millions lost....
https://bitcointalk.org/index.php?topic=914622.msg10045302#msg10045302

I thought u had some info, turns out only FUD  :-\

Guess you can't read or don't understand:

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


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: carlosiness on January 05, 2015, 01:18:34 PM
not this address... https://www.bitstamp.net

plus mail from bistamp, which i got today:
Quote
Dear customer,

Today our transaction processing server detected problems with our hot wallet and stopped processing withdrawals.

You should STOP SENDING bitcoin deposits to your Bitstamp account IMMEDIATELY as private keys of your deposit address may be lost.

Your bitcoins already deposited with us are stored in a cold wallet and can not be affected.

We will send you more info as soon as possible.

Best regards,

Bitstamp team


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: celebreze32 on January 05, 2015, 01:23:18 PM
What I find interesting is that they basically halted trading by shutting the site down.

Why halt trading? If there are no deposits nor withdrawals that should not matter on buying or selling.

Seems suspect to me.
Halt everything is N1 rule before investigation on hack threat

The first thing they would have to do is get an expert to take copies of all their server hard drives to stop new data overwriting old data that might be used as evidence.


Title: Re: Bad news. Bitstamp trouble? Impact on price?
Post by: Watoshi-Dimobuto on January 05, 2015, 01:28:59 PM
Thread locked. Discussion on the issue : https://bitcointalk.org/index.php?topic=914814