Bitcoin Forum

<speculation>

I would like to point to the possibility of Bitstamp losing their wallet.dat of their hot wallet server to a hacker, a wallet.dat in a daemon server is usually not encrypted, so that explains the new transaction...

source ? I was just reading Jeff Garzik tweets(a Core developer and Bitpay employee) about securing a single valuable file (wallet.dat) and how this changed the whole IT  security scene, and this made me think about this possibility.


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

</speculation>


I know that some of you take me as a bear troll, but at this point I am sincerely worried about the effect this can leave on Bitcoin in general.

Besides, this explain why they told users to not send funds to their old addresses.

That could be, the question now is - how stamp will resolve the situation, that would determine how market responds.

And yeah, agree with Jeff, this is an irresistible attraction to any hacker out there, so exchanges must have much better security than fiat banks do - as they are, in fact, banks which have network interfaces open to public where they send and receive money.

Guys, am I the only one thinking this event and the latest price fall are all subtly linked together? We've been there before. IMO, Bitstamp team has something to do with this "hack" thing. :)

It would make sense, maybe an employee or owner with knowledge of the hack dumping their coins before news hits?or other more obvious answers. Who knows.

Exactly as I thought http://www.coindesk.com/bitstamp-claims-roughly-19000-btc-lost-hot-wallet-hack/

Buy the rumor, sell the news  8)

= for bearish news : sell the rumor, BUY the news ;D

When large amounts of Bitcoin are missing/stolen it just adds to the "Bitcoin mystique". More mystique leads to more long-term value.

I wish I had 19000 Bitcoins... :o

The mere fact that people are willing to steal Bitcoins gives it value.

No one would be stealing dog turds from their neighbor's yard unless they were worth something.

Wouldn't it make more sense that the hacker started to dump coins? He maybe just wanted to get rid of them and fill his pockets...

Apparently all the stolen coins are still in this address.

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

It's had no withdrawals from it yet.

Im wondering why does businesses that deal with btc end up getting hacked.

Almost all of the reasons are "We've been hacked".

This "hack" is probably just like the Sony "hack". Blame it on someone else. Whereas in reality it was an inside job.

There are 3 reasons to hack someone:
Money
Information
Notoriety (to say they can/did)

Well, there crumbles my theory :-)

The US-govt surely soon will tell us that it was North Korea... :-9

Yeah, always the same. They're all hacked.

https://i.imgur.com/dK7zqvT.gif?1

Damn, it's a shame the instant I hear anything about hacking I think solvency issues...

Since these coins were primarily in their hot wallet, I wonder if this hack could be in part to mitigate some of the resulting loses from decreased buying pressure over the last few months (it's been a slow bleed)? Purely speculative:

"Lose" a large swath of coins from hot-wallet, buy previously inflated coins back at now lower price (recovering fiat losses). This supports the price and potentially mitigates their solvency problem because they are locked down in the short-term until they "figure it out."

yeah i justn sold all my bitcoins cuz of this.... lol.

Is it possible to have the wallet.dat and yet have no access to the coins? Why haven't they been tumbled yet?

It beats me. Maybe the hacker is too worried about getting busted to move the coins.

If you have reliable information when or if at all Bitstmap will return and withdrawals will be possible you can directly earn money on our prediction market: https://www.fairlay.com/event/category/bitcoin/bad-news/

If not you can at least have a look what people are thinking how are willing to put money on it.

We should send a bitmessage to the hacker and ask him

Lol and a huge dump have happened it seems the hacked btc was turned into fiat.

so whats next after Bitstamp..

Nah, he's too drunk from the good damn piece of stamped cheddar. LOL

Why wouldn't Bitstamp just move the coins to a secure wallet themselves if they have the private keys/wallet.dat along with the hacker
 

??? ??? ???

What is the rush?  Transactions are irreversible.   In prior hacks attackers have waited days or even weeks before they starting obfuscating the trail.


The assumption is the address containing the stolen coins is not controlled by BitStamp but is instead under the control of the hacker.

What do you mean assumption? I thought it was news