This person must be either Kris or someone related to him. Awfully suspicious when there's new accounts exclusively defending BIPS in this thread.

When you build a business around keeping money safe, there's no room for error. The absolute worst way you could ever screw over your users is by compromising their wallets.

If you manage the lose a million dollars of someone else's money, you can't expect there would be no consequences. Of course people are going to be extremely upset.

It's becoming pretty obvious all the money is gone and BIPS is an absolutely awful company nobody should ever trust, but the only way Kris could safe his face is to step forward and address the situation.

If he decides to remain silent and act like nothing happened, people are going to make it personal. There's no way around it.

Its BS. Kris was the only guy working on BIPS. Lemme share with you guys a bug I helped fix. The secret that you entered in your IPN page was generating wrong hashes for any word that was 8-16 characters in length (weird?). I had to literally beg Kris to understand that this is a serious bug and had to write various test cases to demonstrate it. When he realized that there was indeed a bug he chose to just publish a "Enter less than 8 characters and greater than 16 characters" or something like that instead of actually fixing it. When I questioned him, he told me that he wrote his own crypto lib functions. Which fool would try to rewrite crypto when there are so many well tested modules available? This kind of shit brings in all the security loop-holes.


Tell the world the technical details of the bug. I bet Kris hasn't fixed it yet. If he couldn't find time to fix that buggy PHP hashing module I bet he is still using that same shitty hand written module (or many more like that) for everything inside BIPS.


BS here as well. I can write whatever I like in my TOS. But when it comes to the courts the TOS is as good as shit. You need to make sure your TOS doesn't violate the law first. The very fact that he is saying that he isn't responsible for the funds lost is itself BS. I'll see you in court Kris... the deadline of 72 hours is ending soon.


Thanks for the advice Saint Kris.


I'll make sure you do not.


Thanks

Well, for Kris himself it might be a good idea to prepare his case and defense if some of us decides to try him legaly in court for our losses. But for us who lost the bitcoins it's really no point, since the coins are already transfered irreversable to somebody untraceable in an unknown jurisdiction. Pretty low chances of finding the crooks. Makes a hell of a more reasonable case to try Kris legaly and hold him accountable. Both for making this never happen again, and to ruin the BIPS brand, if Kris just continues operations as nothing happened (which looks like he is doing from where i'm sitting)...

Looks like the coins are gone forever. Kris made a statemant in a local newspaper:
http://politiken.dk/oekonomi/virksomheder/ECE2143335/cyber-kriminelle-roever-dansk-firma/

He says the work now is primary to recover logs and data to hand over to the police... So its all gone. Why could they not just be open about it, so we're not keeping our hopes up.