AlitinMint said: "we will offer this refund until April 5, 2017. After this date, and due to the price volatility of Bitcoin, we simply cannot be sure we will have the funds necessary to refund stolen BTC. "
Really? You're at fault and you set a very short window to claim. There are probably only 4-5 people who have claimed at this point. That's ridiculous! I agree. If you're concerned about the volatility of Bitcoin, set a $$ rate for them that you can afford to pay. If people claim their Bitcoins after 4th, just pay them the $$ value in Bitcoin. That is a pretty good idea. Set aside a refund fund  |
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AlitinMint said: "we will offer this refund until April 5, 2017. After this date, and due to the price volatility of Bitcoin, we simply cannot be sure we will have the funds necessary to refund stolen BTC. "
Really? You're at fault and you set a very short window to claim. There are probably only 4-5 people who have claimed at this point. That's ridiculous! Have you notified ALL of the owners? How many have you contacted??? Are you ever going to release a number of coins affected??? I believe they are contacting all the people on their customer list. Some of them may have been sold. They can try to track down the new owners as best they can by asking who the coin was sold to but some of those trails may lead to dead ends. |
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If anyone has any Adams that aren't compromised or Joanne coins still intact I would be interested.
If anyone has Adams that are not compromised then my advise is to redeem the coins yourself ASAP -- a couple of days in the mail is probably longer then is safe to wait to redeem. I will pay 2.3 for any coins not compromised, so it's better than just cracking them So you are assuming there will not be another round of sweeps? As far as I know the attack vector used in the security breach has not been determined yet. The person responsible has not been determined. Risky. BTW: I personally believe that the thief probably did sweep all of the private keys they had on the day of the sweep and there will be no more sweeps. However I am not willing to bet over $2000 on that feeling. You are braver than I. |
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you are right : all is based on what OP said ... that's all. so , if he need to refund few guys more to have "few more guy who trust him" .... let's do this ! damn : if all precautions were taken, no problem were happend ! is private keys were properly destroyed or NOT ?
defcon23 (-12: -4 / +4 Warning: Trade with extreme caution!): Did you own any of these coins at the time of the theft? Do you have a claim against Alitin? |
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You're assuming they had proper security in place on the system they used to create the keys and disposed of it correctly. If it was ever connected to a network, anybody on the planet with an internet connection could have downloaded the information - not that it removes their responsibility. Also, if the system was sold off and not properly wiped - recovery of files could have taken place later and they'll never know the culprit.
We don't have to assume, we know: they very obviously did not have proper security in place. You have two good ideas there that they can use in the investigation (was the system connected, were any disk drives thrown away, etc.) very good lines of inquiry. As far as responsibility goes they are putting a reimbursement procedure in place and, in fact, have already sent out some reimbursements. He is taking out a loan to by the BTC necessary to do all the reimbursements. He has taken full responsibility while working to find the thief or thieves. |
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1) He is reimbursing the BTC.
2) He is trying to figure out how it happened.
3) He has or will report everything to the proper investigative authorities.
We are all very curious as to how this happened, I know I am, but let's give the guy a chance to catch his breath and figure this all out. Remember 1) is the most important to the customers. Everything else is interesting to Alitin as they try to recover the stolen funds and interesting to the Bitcoin community at large so that something like this might be prevented in the future.
But due to 1) let's give him some breathing room.
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This is very sad to hear. More so for the owners of raided coins.
If there was a leak of private keys somewhere in the production process the manufacturer should know the name of the people involved.
So if an investigation is ongoing no much info can be publicly released. Over time hope some names surface, we know who did it in Coinographic's case.
Richard was apparently the only one with access to private keys, so he stole them himself, or he is flat out lying. One other possibility is that he thought he was the only one to ever see the private keys but someone else got a copy of (some of) them. They did have a lot of people on their failed "risk management" committee/team. But how is that possible? He claimed he created the private keys himself, then engraving coins and destroyed the private keys. It's a pretty simple process. Agreed. Interesting times... |
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There are many classes of unloaded coins:
Coins that were sold unloaded and never got loaded. OK to buy/sell. Should never be loaded.
Coins that should have been loaded but Alitin failed to load them. Owner needs to keep this for a claim.
Coins unloaded by the thief. Owner needs to keep this for a claim.
Coins unloaded by the owner because they have lost faith. OK to buy/sell. Should never be re-loaded.
Etc.
Also an owner of a swept coin could theoretically sell the coin to someone because they don't want to wait for the claim or do not want to go through the claim process. In this case they are selling the coin and any right to any possible future claim. As long as both parties know that is what is being bought and sold that should also work.
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This is very sad to hear. More so for the owners of raided coins.
If there was a leak of private keys somewhere in the production process the manufacturer should know the name of the people involved.
So if an investigation is ongoing no much info can be publicly released. Over time hope some names surface, we know who did it in Coinographic's case.
Richard was apparently the only one with access to private keys, so he stole them himself, or he is flat out lying. One other possibility is that he thought he was the only one to ever see the private keys but someone else got a copy of (some of) them. They did have a lot of people on their failed "risk management" committee/team. |
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I have asked once again about public list for coins stolen, information about who had access to private keys, etc. JR refuses to answer any of my questions now that the FBI is involved. I will continue to find all the addresses that I can that are funded/not funded to help out. I am up to 66 coins that have had funds stolen. I have also found a few that are still funded. But, not very many.
If law enforcement is involved he is not going to answer any questions outside of the investigation, especially if he talked to a lawyer, who would tell him no say nothing. Has there been any proof that the authorities have been contacted?? And if he talked to lawyer, seems like there is something to hide already..... First, it is pure conjecture he has hired a lawyer. Second, it would be wise to do so. Hiring a lawyer does not have anything to do with guilt. |
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There is a possibility they will catch the thief. It is a very stupid crime. There is a very small finite group of people that ever had access to the lists of private keys. The thief is one of those people. Since there is such a small group of possible suspects there is a chance the thief will be caught.
They will seize all of the thief's assets so even if he sold the BTC there is a chance we might get paid back.
Of course, I am not holding my breath waiting for this to happen.
But in the mean time I am suggesting that any claim on any of the recovered funds will probably involve proving you have the swept or accidentally unfunded coin.
So my suggestion is to keep your coins and do not sell them to all of these people saying they want to buy the silver unless you are aware that you may not be able to make a future claim - the buyer will get any future claim.
Seller beware. Just a thought.
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Please PM me your asking price, if you do not like my answer, I believe Blazed and AT101ET are also looking for some
There is a possibility they will catch the thief. It is a very stupid crime. There is a very small finite group of people that ever had access to the lists of private keys. The thief is one of those people. Since there is such a small group of possible suspects there is a chance the thief will be caught. They will seize all of the thief's assets so even if he sold the BTC there is a chance we might get paid back. Of course, I am not holding my breath waiting for this to happen. But in the mean time I am suggesting that any claim on any of the recovered funds will probably involve proving you have the swept or accidentally unfunded coin. So my suggestion is to keep your coins and do not sell them to all of these people saying they want to buy the silver unless you are aware that you may not be able to make a future claim - the buyer will get any future claim.Seller beware. Just a thought. |
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x2. Adam Smith coins had 2BTC on them. So it's more like $167,000+.
Yes, my calculation is incorrect and yours is correct. Also, there is a possibility they will catch the thief. It is a very stupid crime. There is a very small finite group of people that ever had access to the lists of private keys. The thief is one of those people. Since there is such a small group of possible suspects there is a chance the thief will be caught. They will seize all of the thief's assets so even if he sold the BTC there is a chance we might get paid back. Of course, I am not holding my breath waiting for this to happen. But in the mean time I am suggesting that any claim on any of the recovered funds will probably involve proving you have the swept or accidentally unfunded coin. So my suggestion is to keep your coins and do not sell them to all of these people saying they want to buy the silver unless you are aware that you may not be able to make a future claim - the buyer will get any future claim. Just a thought. |
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I am saying that there is a possibility they will catch the thief. It is a very stupid crime. There is a very small finite group of people that ever had access to the lists of private keys. The thief is one of those people. Since there is such a small group of possible suspects there is a chance the thief will be caught.
They will seize all of the thief's assets so even if he sold the BTC there is a chance we might get paid back.
Of course, I am not holding my breath waiting for this to happen.
But in the mean time I am suggesting that any claim on any of the recovered funds will probably involve proving you have the swept or accidentally unfunded coin.
So my suggestion is to keep your coins and do not sell them to all of these people saying they want to buy the silver unless you are aware that you may not be able to make a future claim - the buyer will get any future claim.
Just a thought.
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Oh my. So a second breach of trust now? Im sorry for your loss really. Is there anyone else who's 1btc coin was never funded? I am very interested in this also. Does anyone else have an unfunded coin? BTW: I would keep your unfunded coin intact and not sell it! You have no reason to peal it and an intact unfunded coin is a good thing to have for a proof of claim. ALSO: You should also keep your swept coins!!! We do not know what their procedure will be for getting your BTC back once they either catch the thief or start paying everyone back. You may need the swept coin as proof of claim. |
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What is the total amount of coins stolen so far?
I have found 66, but having a hard time finding any more that were stolen on 2/26. I'm starting to research a different way to find other addresses, which is why I have found a few funded coin addresses. So 66 + the unfunded coin I have = 67 so let's call it 67 x 1300 = $87,100 That is a good chunk of change. They must know every single person that ever had access to the private keys. The pattern of theft is also a great clue as they can correlate the batches to the people who had access. So, I think there is a chance they will catch the bastard. These things take time, usually months, so I would not expect a quick turn around on this. |
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What is the total amount of coins stolen so far?
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