Bitcoin Forum

Any ideas whats btce? Looks interesting
http://bitcoincharts.com/markets/btceUSD.html

Looks like record volume and record price. $40? maybe it is broken.

Uhh, wouldn't a hack explain this best? Someone gets unlimited fiat on the exchange somehow and buys up all coins at any price to get them off?

That's exactly what I was about to speculate. Hope that's not what happened.

Or an account with alot of USD got hacked and all the USD was used to buy BTC, then withdrawn.

Or someone with a big USD balance fat fingered it..

lol, HOLY SHEET!!!
I love bitcoin  ;D

$40 a bitcoin? If only I had a sell order in! >.<

Holy shit look their someone that placed a bid at 40$

the hacker wants all your coin  :P

Doesnt' bode well.

i have a feeling btce is going to have to rollback

Ok, this must be a hack:

A: Someone got access to some wealthy account and bought all the BTC he could get in order to withdraw it to himself
B: Someone hacked the trading system and buys BTC with "infinite" USD supply to withdraw all bitcoins to himself
C: Some Bot has fucked up big time
D: BTCe.com has some internal problems with their system and will reset everything tomorrow
E: Some chronically underpaid btce.com employee buys his ticket for neverending holidays on luxury island right now, holiday starting: tomorrow
F: ..?

In any case, if you sell all your USD for BTC now, they will likely not be able to pay you out tomorrow ;)

i had 1BTC in BTC-e cuz I've recently trying trading LTC

now i have 47$ :D

oh and its back to normal... time to buy some bitcoin!


please no rollback :D

One LTC = 0.5USD at btc-e

I think someone has infiltrated btc-e server.

All the litecoins were bought up as well, up to 0.5$/LTC (which is a rough 8x increase)

its $1/LTC now :D

Hmmm...my LTCs were bought.  I'm assuming, unless everything is gone, that there'll be rollback.

Don't hold your breath.
http://blockexplorer.com/block/00000000000002c5ca7b4bf9559532cfd8a1248b6e6978bde768c76aa4165b33

OK, lets calculate: How much of this is hitting MtGox in order to cash out in USD?

bitcoincharts.com shows ~50k BTC during the heist (which may be withdrawn successfully) --> anything on the blockchain??

Further 3-4k BTC in the aftermath, probably some lucky traders trying to make a killing and cash out in BTC, USD or LTC.

It is questionable if any of this even leaves btc-e.com in the first place, if so the big sum probably will be laundered and maybe dumped on MtGox, or held for some time, because to actually withdraw that amount, it has to go through some bank account after all.

So?

IC nothin:
https://blockchain.info/largest-recent-transactions

http://www.4freeimagehost.com/uploads/8b2642c72860.jpg
No comment

Hahahaha. This post made my day! Excellently done, Sir! Hope you can buy btc and withdraw! :)

LOL

It is interesting to watch this story unfold.

I posted this in the other thread, but it deserves repeating.

Here are my suggestions for all victims.

1. Sell ALL USD immediately. There is almost certainly not enough USD to pay out.
2. Withdraw ALL BTC immediately. Unless fractional reserve was employed, there should be enough. No BTC was reported to have injected, so this may be your only option of financial recovery.
3. Change passwords for other websites immediately. The database is likely to leak, if a SQL injection was the culprit.

Best of luck to all victims.

re: point 3.....
if your password for one site, was the same as another, you deserve to get hacked....

This is a hack.!

R.I.P.

what about a fat finger trade? ???

Hoвocти / Trade is stopped

16:04 31.07.12 from support

Dear users of the Exchange Btc-e.com

The exchange is not going to close. We will refund all losses from our reserves.

Neither the servers nor the database were compromised. There were no SQL injections.

At 04:07 MSK (GMT+4) our LR API Secret Key was compromised. It's 16 uppercase, lowercase letters and digits. They may have bruteforced it for long.

Using the key the hacker imitated LR deposits from many accounts and bought up Bitcoins, Namecoins and Litecoins.

We lost our daily volume, approx. 4500 BTC. The attacker couldn't withdraw more
as most BTC were distributed over several offline wallets.

At 10:30 we restored the database to the state it was at 04:00, right before the attack. All trades after 4:00 are reverted.

People who attempted withdrawals before 04:00 MSK will get their funds withdrawn later today.

For people who deposited BTC, LTC and NMC after 04:00 MSK the funds will be put to their balances before market opens.
We are working on the scripts for this.

If you deposited USD after 04:00 MSK you should send us your login, amount and payment system used by email or PM.

Our plan:

1. The trade will be disabled until we restore the balances to the point before market crash.

2. After that, the trade and deposit/withdrawal will be back on, approx. within 1-2 days.

Icq - 610112128
Skype - btc-e.support
E-mail - support@btc-e.com

BTC-E now has my business. These are some strong men.

And that folks is how its done!

I wanted to put in a word for btc-e. I looked at my account there and they still have my money there. Good on them.