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1  Local / Press & News from India / Re: Bitcoin Company Owner Investigated? on: December 29, 2013, 11:04:34 AM
Am definitely in for this.

Awesome Smiley Was about to go offline. I'll ping you in a couple of hours (as soon as I'm back) with my email & skype ID.
2  Local / Press & News from India / Re: Bitcoin Company Owner Investigated? on: December 29, 2013, 10:43:26 AM
This is scary. The DNAIndia article projects as though Bitcoin is a foreign currency and also says it is illegal.

I think we need a website like CoinDesk but specifically for India with various domain experts (including Bitcoiners) writing articles on Bitcoin vis-a-vis Indian law (lawyers can be of help here), technology behind Bitcoins (crypto/software experts), advantages of adopting Bitcoins (economists) etc.

We need articles from early Indian adopters too. Their experiences, stuff that they want improved, life-changing apps they are working on or even using bitcoins to enable job creation etc. Let the media/government know that the people who use and deal with bitcoins in India is the smart and honest common man and not goons from the underworld (Silk Road pretty much dominated the Bitcoin press the whole of 2013 and we need to change that at least for 2014). The government needs to also be cautioned about attempting to ban Bitcoins as it will only push the technology towards criminals and out of the hands of honest people who want to do good with this currency... in other words the lesser the number of good people in control of bitcoin the more dangerous bitcoin is for the society.

The Indian media seems to be least interested in doing some proper research before publishing articles (esp the one from DNA). But for them to do that we need a site that incorporates a basic "for dummies" like approach to explain all the concepts surrounding Bitcoins (creation of coins, decentralization, pseudonymity, miners and fee collection, blockchain analysis) and dispel all the FUD that seems to have engulfed the Indian media/government.

Its not that any of the stuff I have written above aren't available in any other foreign media site(s)/blogs. Looking at how lazy our media/government is when it comes to doing research a site which collates all information into one place (and properly categorizes them into beginner/moderate/advanced) is the need of the hour.

I'm wanting to start a site along these lines... to raise awareness and use it as a tool to dispel FUD.

Anyone up for this? Ideas welcome! If you guys want to brainstorm we can catch up on email/skype (ping me to get in touch).


Reach out to Benson, we already have one which he is working on.
A few new writers for the paper would be really helpful.

Also, you can always start a blog on www.abitsocial.com (Social network for bitcoiners)

I do have the indiabitcoin paper.li, but if someone can gimme a platform like Coindesk, I will definitely be glad to be on the board, and get articles.

@Benson : why not use abitsocial.com with its inbuilt blogging platform.
Let me know if it needs anything and we can try to get what you want on the platform.

While that does work awesome, I would prefer a Coindesk approach as this is a large business. We were planning to launch Bitcoin Magazine India as  a dedicated piece, but was too large to cover unless there was a dedicated effort. That effort is possible at this point.

If there is enough support generated, it would be good to explore if the abitsocial blog can handle magazine capabilities and if it can be accessed from a separate URL as well.

I agree. The mainstream media is either not dedicating enough resources to research on bitcoins or is plain not interested. Nothing against abitsocial.com but I want it to be similar to Coindesk/Techcrunch/ArsTechnica/Quartz (i love their design)... possibly even more minimalistic and solely dedicated to addressing issues related to Bitcoin and India. Willing to code up something along those lines (plus get a host and domain) if you and others are willing to join hands!
3  Local / Press & News from India / Re: Bitcoin Company Owner Investigated? on: December 29, 2013, 08:53:08 AM
This is scary. The DNAIndia article projects as though Bitcoin is a foreign currency and also says it is illegal.

I think we need a website like CoinDesk but specifically for India with various domain experts (including Bitcoiners) writing articles on Bitcoin vis-a-vis Indian law (lawyers can be of help here), technology behind Bitcoins (crypto/software experts), advantages of adopting Bitcoins (economists) etc.

We need articles from early Indian adopters too. Their experiences, stuff that they want improved, life-changing apps they are working on or even using bitcoins to enable job creation etc. Let the media/government know that the people who use and deal with bitcoins in India is the smart and honest common man and not goons from the underworld (Silk Road pretty much dominated the Bitcoin press the whole of 2013 and we need to change that at least for 2014). The government needs to also be cautioned about attempting to ban Bitcoins as it will only push the technology towards criminals and out of the hands of honest people who want to do good with this currency... in other words the lesser the number of good people in control of bitcoin the more dangerous bitcoin is for the society.

The Indian media seems to be least interested in doing some proper research before publishing articles (esp the one from DNA). But for them to do that we need a site that incorporates a basic "for dummies" like approach to explain all the concepts surrounding Bitcoins (creation of coins, decentralization, pseudonymity, miners and fee collection, blockchain analysis) and dispel all the FUD that seems to have engulfed the Indian media/government.

Its not that any of the stuff I have written above aren't available in any other foreign media site(s)/blogs. Looking at how lazy our media/government is when it comes to doing research a site which collates all information into one place (and properly categorizes them into beginner/moderate/advanced) is the need of the hour.

I'm wanting to start a site along these lines... to raise awareness and use it as a tool to dispel FUD.

Anyone up for this? Ideas welcome! If you guys want to brainstorm we can catch up on email/skype (ping me to get in touch).
4  Other / Beginners & Help / Re: BIPS Wallet security breach on: December 04, 2013, 04:32:21 AM
FROM KRIS:

Quote
I do not participate in dialogue on any forums at this time. However, I keep an eye on what people are writing and collecting this data for future review. And from what I can read, you are way over the line with accusations, and I would advise you to stop immediately. Not only are you making it harder for me to attend to the issues at hand, but more so you have engaged in slander, defamation and worse.

We have now closed your account at BIPS as per binding Legal Agreements.

--- Terms of Service
BIPS reserves the right to unilaterally terminate your use of the Service, either temporarily or permanently in the event of : unacceptable user behavior, attempted abuse of others 'accounts, attempts to gain access to others' data or any other reason BIPS deems necessary.
--

-- Privacy Policy
In cases of slander, defamation or fraud, BIPS may at its own discretion disclose general account information to affected parties.
--

Okay Kris, now you have made it hard on yourself. I'm going to go public with all your details, including the scams you are associated with today. This kind of attitude will eventually bring yours and BIPS downfall.

I have asked Kris numerous times to refund my coins without resorting to slander. Not once in his communications did he mention that he won't be refunding or even gave me any hope of a refund. All he did was employ usual tactics of delaying communicating the obvious truth with a hope that with time customers will forget about this theft and move on (like we have done for so many other previous hacks).

I'll also disclose all private messages, mails that we sent to each other back and forth and also anything that I find suspicious about your dealings with BIPS and its users publicly.

I'm already in touch with my lawyer (like I said in my previous posts) and be rest assured that I'll be dragging your ass to court. You have been given too much time by all the customers with absolutely zero information on your end about the hack (absolutely zero transparency). I don't give a damn about you closing my account as I'm not going to gun for those 3.3BTC anymore (the time for refunding has expired long ago). And whats the use of a account where I can neither deposit nor withdraw BTC? You closing my account is a joke and a futile attempt at replying to my accusations.

I'll make sure you land behind bars for betraying the trust your customers hold in you. And now that you have said publicly that you won't be refunding your customers (from your Press Release and Version2 interview) I appeal to all the BIPS customers to send me a PM with your BIPS username and the BTC amount you had stored with them. I'm going to make a list of all the people who have been scammed by BIPS and will be forwarding it to my lawyer. If you guys want to help me in fighting the case I would appreciate it if you can give me any details you can (including PM's between you and Kris, any emails exchanged etc or even getting information from concerned authorities in Denmark). I don't want help in any other way (including donations) as I'll fight this case with the money out of my own pocket. I hate it when people betray my trust and take me for granted.

Also this piece of information from BIPS press release is really interesting:

Quote
Please bear in mind that the wallet service was a free service and thus there has been 0 revenue generated from it. Hence BIPS is unable to reimburse bitcoins lost unless the stolen coins are retrieved.

ROFL! So that means anyone operating a free service with 0 revenue generated from it are not liable to loss/theft of customer data (in this case bitcoins). This is a new legal definition coined by BIPS. Similar to Trendon Shavers claiming "Bitcoin isn't real money"... for which SEC showed him the middle finger. I can't wait for Denmark courts to do the same to Kris Henriksen.
5  Other / Beginners & Help / Re: BIPS Wallet security breach on: December 04, 2013, 02:57:19 AM
http://www.version2.dk/artikel/ny-forklaring-om-det-store-danske-bitcoin-roeveri-ddos-angreb-var-kun-et-roegsloer-55179

"It was wrong announced. After the first DDoS attacks were hackers inside and found a hole and then deleted the total and masked what they had done afterwards with the large DDoS attacks which struck the connection to the SAN and got the servers to crash , "says Kris Henriksen to Version2.

"The service was divided into 'cold wallet' where customers Bitcoins was locked down, and a 'hot wallet' where they were offloaded when there had to be moved around on them. But because of an error in the algorithm, the entire portfolio of Bitcoins ended up standing in 'hot wallet' department."


"With the success we've had with all the people have bought and sold, the algorithm moved it all over in hot wallet. It took hackers saw a hole that they could exploit, "said Kris Henriksen.

This version of the story was told only to Version2 and no press release that said that the previous press release by BIPS was the incorrect version.

Now BIPS has released a press release today: https://bips.me/press which still does not contain the version told to Version2.

Be careful when you get a mail or anything asking you to give consent by BIPS. According to my lawyer it might be a sly attempt at getting consent to "yes the coins have not been stolen by BIPS". Does anyone (from Denmark) have any contacts at Danish National IT Forensic Police department? Can someone check if a case is registered with them and whether they really are assisting BIPS?

EDIT: What kind of shitty code had Kris written that moved all coins from 'cold wallet' to the hot wallet? So that means people who paid for the cold storage were being fleeced extra bitcoins for something that wasn't even secure. Great!

6  Other / Beginners & Help / Re: BIPS Wallet security breach on: December 04, 2013, 02:40:41 AM
Just an alert. Kris Henriksen's account (https://bitcointalk.org/index.php?action=profile;u=11921) has not been active since December 1st 2013. So has he finally decided to run now that some of us are pursuing legal remedies? Anyone communicated with him last can share their details here if they wish. Many are contacting me with his personal details (including account numbers, addresses etc). So Kris if you are reading this through your shill accounts know that you can run but cannot hide.
7  Other / Beginners & Help / Re: BIPS Wallet security breach on: December 04, 2013, 02:26:02 AM
Quote
do you have personal vendetta with Kris or what?
If you were that close with Kris that you knew so much of Bips operational,
and you knew there was weakness with Bips security config as you mentioned,
why didn't you do something before?
or you could have place your btc somewhere else instead of keeping it there??

stop embarrassing yourself mate

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.


me = kris?
nope

related to him?
well i knew him for a while, chat many times with him but those never last over 2 minutes (strictly business talk)

and you saying my posts here looks like "exclusively defending Bips"?
oh man, if i really intend to do so - none of you would stand a chance... please trust me on this Smiley

upset/ extremely upset/ mad - do whatever you feels right to do mate...
you have all the rights to express anything you like about Bips just as much as i do to express mine Wink

Ok Kris thanks for the lecture.

EDIT: Read between the lines.

8  Other / Beginners & Help / Re: BIPS Wallet security breach on: December 03, 2013, 09:33:12 AM
The whole thing is too suspicious, too suspicious.
Kris has spend his time running around and tolled the media that its is not his fault and the wallets security is the users responsibility.

The worse thing is that he is getting away this scam.
No action has been taking since 22 Nov.
We are talking about 1295 BTC!!!
Why is there no details published of any kind?

I say he is a liar and a crock!


No he isn't getting away. I'm already in touch with my lawyer. I'm going to drag this fool to the court. We are mapping out a plan to tackle this as its outside of my country. Anyone else planning to sue him?
9  Other / Beginners & Help / Re: BIPS Wallet security breach on: December 03, 2013, 09:25:50 AM
Kris was interviewed to a danish news site eailer today:
http://translate.google.com/translate?sl=da&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.version2.dk%2Fartikel%2Fny-forklaring-om-det-store-danske-bitcoin-roeveri-ddos-angreb-var-kun-et-roegsloer-55179&act=url

A short summary:
- The DDoS not the actually attack. Just a way to remove the focus from the sys admins so they could get through another security hole.

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.

Quote
- There was a bug with the way their algorithm works with hot and cold wallets. ALL bitcoins were in the hot wallet and because of this they were easier to access by hackes.

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.

Quote
- All funds are lost for the users. According to Kris he/BIPS are not responsible due to their TOS.

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.

Quote
- Kris advice people NOT to use hot wallets anymore - only with very low amounts of Bitcoins.

Thanks for the advice Saint Kris.

Quote
- Kris tells BIPS will continue as a payment provider - but have closed down there wallets for good.

I'll make sure you do not.

Quote
I think thats a pretty good summary of the article. Otherwise - try the above google translation Smiley

Thanks Smiley


do you have personal vendetta with Kris or what?
If you were that close with Kris that you knew so much of Bips operational,
and you knew there was weakness with Bips security config as you mentioned,
why didn't you do something before?
or you could have place your btc somewhere else instead of keeping it there??

stop embarrassing yourself mate

Stop using your shill accounts Kris. We know its you. Come out in the open about the hack and save yourself some embarrassment.
10  Other / Beginners & Help / Re: BIPS Wallet security breach on: December 02, 2013, 02:01:00 AM
Quote
This kind of shit brings in all the security loop-holes.
Quote
This kind of statement makes you appear smart, but it is actually without any foundation.

Oh yeah? I bet you haven't written a single line of code in your life.

Quote
As for your assertion I am Kris, or Kris's shill or  any derivation of that  - I am not.   I lost  btc in this hack.  Unlike you however, I am not looking for a scapegoat.

Obviously you aren't looking for a scapegoat. You stole our funds, why would you feel anything at all?

Quote
It's called being an adult and taking responsibility for one's own actions.

Nice try Kris. The first thing about being an adult is to man up and become transparent about the so called "hack". The very fact that there is absolutely zero information on the hack shows you are the thief. Period.

Quote
  If you argue that Kris has to take  responsibility for  the hack, then you are, by implication, saying he did it. 

Kris (or you) did not do the hack. The hack never happend. He (or you) just moved all the funds to a new address... in plain simple words Kris (or you) just stole our funds. If it was a hack I want all the technical details laid out in public domain. The onus is one you (Kris) to prove he (you) is innocent.

Quote
You yourself allegedly knew the code was not sound.  Yet you didn't tell anyone else, and  in fact kept your btc  stored in Bips.  If you are so good at finding bugs, why did you not start your own service instead of  using  what you saw as an inferior product..  However, such questions divert from the  topic, which is the breach.

It happened.  We lost our btc.  The lesson seems to be to not use hot wallets.


Okay Kris I'll answer your questions (wish you used your real name here instead). Firstly when I asked you to fix the bug you told me clearly that you will fix it asap (and that you were upgrading your systems and needed some time). Now I gave you that benefit of doubt. Now I never in my wildest dreams thought that upgrading your systems meant steal your customers funds.

Secondly, when I say violate law I did not mean the TOS violates law. I shouldn't have mixed two different things in the same sentence (was clearly pissed). What I'm trying to say is you can write whatever you want in your TOS. When it comes to legalities the TOS is used only by customers to demand their rights to a defaulting service. If you are the owner, you don't have any say as you can change the TOS at any time. Its like a rental agreement. The tenant has more legal rights compared to the owner. TOS gives the customers more legal ammunition to go after the owner of the defaulting service... not the other way round. So either you (Kris) have a really bad lawyer or are just talking shit to divert attention from the main issue: theft of our funds. By the way I have already consulted my lawyer and I'll be going ahead with legal proceedings.
11  Other / Beginners & Help / Re: BIPS Wallet security breach on: November 29, 2013, 08:29:23 PM
Kris was interviewed to a danish news site eailer today:
http://translate.google.com/translate?sl=da&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.version2.dk%2Fartikel%2Fny-forklaring-om-det-store-danske-bitcoin-roeveri-ddos-angreb-var-kun-et-roegsloer-55179&act=url

A short summary:
- The DDoS not the actually attack. Just a way to remove the focus from the sys admins so they could get through another security hole.

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.

Quote
- There was a bug with the way their algorithm works with hot and cold wallets. ALL bitcoins were in the hot wallet and because of this they were easier to access by hackes.

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.

Quote
- All funds are lost for the users. According to Kris he/BIPS are not responsible due to their TOS.

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.

Quote
- Kris advice people NOT to use hot wallets anymore - only with very low amounts of Bitcoins.

Thanks for the advice Saint Kris.

Quote
- Kris tells BIPS will continue as a payment provider - but have closed down there wallets for good.

I'll make sure you do not.

Quote
I think thats a pretty good summary of the article. Otherwise - try the above google translation Smiley

Thanks Smiley
12  Other / Beginners & Help / Re: BIPS Wallet security breach on: November 27, 2013, 09:03:35 PM
Well, this market is still very new, so you must treat the investment you make in BTC as something very risky.
I also owned BTC in my webwallet in BIPS. Sure, I lost it all, but high risk does not come with guarantees and I get that and will continue using the processor services of BIPS, as I find their system easy and cost efficient.

Why is it that i'm seeing too many newbie/junior accounts commenting similar stuff here?

Isnt' that obvious? And pathetic if i may add   Cry
Also discouraging about how that problem is going to end  Roll Eyes

I was not aware that posting here was a prerequisite to having an opinion.

Kris at least try replying from the same shill account. Its laughable and at the same time insulting to your customers. Instead of doing this BS focus on refunding your users.
13  Economy / Service Announcements / Re: BIPS, Payment Service Provider (PSP) for Merchants on: November 27, 2013, 08:53:17 PM
"Stolen"... Thats a bunch of BS!

This is the second time the owner, Kris Henriksen, has pulled of a stunt like this!

When was the first time?
14  Other / Beginners & Help / Re: BIPS Wallet security breach on: November 27, 2013, 08:35:22 PM
Okay i'm convinced that it is Kris operating shill accounts to cool down the problem. I am also convinced that he stole our coins (and he is possibly even associated with another scam site - will disclose details soon). Now I think legal route is the only option. I waited enough and gave him a lot of time to refund my coins. Its despicable that he can't even reply to his customers publicly and resort to using shill accounts. Despite stealing his customers coins, he has the nerve to not even discuss the hack openly (absolutely zero information about the hack). He is just buying time and all this nonsense of spending 5 sleepless nights going through server logs is plain BS (its already 10 days now). And its BS that he isn't liable to the coins lost. Lets see what the courts have to say in this regard.

Kris: I have added the external address as you requested. I'm giving you 72 hours for you to return my 3.3BTC to that address. If you don't you'll need to face the consequences. I don't care if others are going to go the legal route... I'm determined to go at it alone and will take it to the logical end.
15  Other / Beginners & Help / Re: BIPS Wallet security breach on: November 27, 2013, 10:08:31 AM
No i think people should stay calm and assess things clearly. However that's not easy to do when services fail you one after the other.

I think staying calm is a relative thing given the history of these sites being hacked or turning out to be scams.  Certainly the management at BIPS has done little to help assuage the fears of those affected.  In fact I would argue that their lack of communication has exacerbated them.

I have been in touch with Kris and while I cannot share any details, he has convinced me that he is taking this very seriously.  I retract my earlier implications that he stole the coins himself.  I'm convinced now that they were hacked, and that he is working hard to fix things and make them right.

That's all I got, but I thought I would let you guys know.  This is a shit situation for everyone  Embarrassed

I got the same info. Waiting for my coins Tongue
16  Other / Beginners & Help / Re: BIPS Wallet security breach on: November 27, 2013, 10:06:07 AM
Well, this market is still very new, so you must treat the investment you make in BTC as something very risky.
I also owned BTC in my webwallet in BIPS. Sure, I lost it all, but high risk does not come with guarantees and I get that and will continue using the processor services of BIPS, as I find their system easy and cost efficient.

Why is it that i'm seeing too many newbie/junior accounts commenting similar stuff here?
17  Economy / Service Announcements / Re: BIPS, Payment Service Provider (PSP) for Merchants on: November 25, 2013, 04:27:15 AM
It is imperative to understand that everything was wiped out from our servers and getting functionality back is priority #1.

It is not imperative for us to understand that getting functionality back is your priority #1.

Quote
The wallet part of BIPS was a free service to make payments easier for users.
Web Wallets are like a regular wallet that you carry cash in and not meant to keep large amounts in.

Then why did you provide this feature? The funny thing is in your Press release you are promising to bring out a "better" and more "secure" wallet in the near future. Are you planning to rob more people with this new "better" and "secure" wallet of yours?

Quote
Hence we offered a paper wallet as a cold storage alternative for those who wanted a safe storage solution.
We will be contacting all affected users as already proclaimed.
We will need their consent to hand over information to the authorities for further investigation, which hopefully can assist in catching the thief.
Those who were not affected and have a bitcoin balance will also be contacted.
Most balances left are minuscule, but if you had more than a few satoshi’s in your wallet you are affected, and will be contacted.

Another priority is doing forensics data recovery to be able to investigate and assist authorities in finding the attacker.

Quote
Technical information will not be disclosed for security reasons.

As a customer I have every right to know all the technical information involving this hack. All I have got from you is 1 graph of load spike which says nothing about the hack.

Quote
Stolen coins have been isolated and server logs have been retrieved from data recovery:
https://blockchain.info/address/1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs

Please be advised that attacks are not isolated to us and if you are storing larger amounts of coins with any third party you may want to find alternative storage solutions as soon as possible, preferably cold storage if you do not need immediate access to those coins:
www.coindesk.com/hacker-attack-polands-bitcoin-exchange/
www.coindesk.com/czech-bitcoin-exchange-bitcash-cz-hacked-4000-user-wallets-emptied/

You sound more like TradeFortress here. We don't need to be educated about alternative storage solutions. We already know about them. We store coins online for a reason. There are plenty of times where we don't have access to our offline wallets and we need money to immediately initiate a transfer. If you guys start stealing our coins by calling it a "hack" you are just contributing to ruining the bitcoin ecosystem.

I wanted to settle this issue without resorting to a rant but you have left me with no choice. You haven't yet replied to any of my messages or even on the helpdesk.

Also I digged further into BIPS activities and I realized something really surprising. It was sending some of my coins to EasyCoin (a scam site that promises to mix coins but steals users coins instead). Its unfortunate that I did not do my investigations before this and I trusted BIPS with my coins. I mean who in the right mind would send customers coins to a scam site? And why would BIPS need to do that? It already had its own coin mixing system in place.

Here is the address generated by BIPS: https://blockchain.info/address/1PGXTsbbrnXBnTgEdssRCH8Ukc57DvapcP that was used by me to deposit my coins.

The way BIPS works is that it moves the coins you deposit to its address to another collecting address. I made a deposit of 1.5BTC (transaction here: https://blockchain.info/tx/37b7e6df916b32113e9dda776d6127c0566106fcca89a750537ad27ccab11462) on 31st October 2013.

As usual it was immediately moved to another address. This time it was to 1EGm7XaUVK2iAX1TzZy4i8w7BZ9kybF59B (https://blockchain.info/tx/fcd34fecf7898c2420e7a5b36a8ffd34d5583c1a73428f63d6d64eb7639af06a) with the remaining amount returned to 14xMNNgzDtkmrPhkEZohGg3nHkPFw96hDz. Now if you inspect 14xMNNgzDtkmrPhkEZohGg3nHkPFw96hDz you'll see only 1 input and 1 output. The output is to the EasyCoin deposit address (see transaction: https://blockchain.info/tx/396d954b416c18a8034d4677e95628841b7d45324afdedbc0db43c04f16bbddf).

18  Economy / Service Announcements / Re: BIPS, Payment Service Provider (PSP) for Merchants on: November 25, 2013, 03:56:52 AM
So has no one got their BTC back from the BIPS wallets? Is it even worth submitting a helpdesk ticket right now?

Nope. Kris isn't even replying to my messages. But he is coming online atleast twice every day. I'm absolutely disappointed with his attitude. So much for professionalism!
19  Other / Beginners & Help / Re: BIPS Wallet security breach on: November 25, 2013, 02:15:31 AM
https://twitter.com/bips


 the twitter account is pretty dead.  more then a day since they spoke on it.

Kris is coming online every day atleast twice but choosing not to reply to messages or helpdesk ticket. I'll keep messaging him every day from now on until he replies. If he doesn't, i'll bump it up to every hour Tongue I hate it when people don't show the simple courtesy to even reply.
20  Other / Beginners & Help / Re: BIPS Wallet security breach on: November 23, 2013, 12:51:46 AM
OK people. I'm one of the unlucky "whales" who stored a lot of bitcoins with bips.me.  I lost about 90 bitcoins. They haven't contacted me yet, but from what I glean from these forums, my bitcoins have already gone and been spent on Russian hookers.

So. I'm willing to accept that I will never get these bitcoins back, but I'm not willing to accept that bips.me will continue on to glory, handling bitcoin transactions for merchants, getting (more?) venture funding, etc. 

In my mind, it's 'either or' - either I get my bitcoins back, or bips.me takes their website down and opens up under a completely new name. But not both.

With this in mind, I'm seeking out other 'whales' - people who lost significant numbers of bitcoin on bips.me.  If there's enough of us, what we do is get together and hire a lawyer in Denmark, and start from there. It will be worth it.

Here is a signup form:

https://docs.google.com/forms/d/1v8AL3scMErzSLPRSOhGuGXn9pzHjWNTrSE2YWEQIpxs/viewform

I am the first person to sign up, with my 90 missing bitcoins.

If nobody else signs up, or if the total number of signups doesn't add up to more than 250 bitcoins, I'll give up.

Also. I very much doubt that this was an 'inside job' or some kind of fraud. Danish people don't do those sorts of things. They just don't. However, that doesn't mean that these guys shouldn't have to start from scratch again.

damn 90 bitcoins?  Shocked
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