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Author Topic: Possible Local Bitcoins 800 BTC hack or exist scam  (Read 2531 times)
abercrombie (OP)
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April 26, 2015, 02:23:57 AM
 #1

Possible Local Bitcoins hack or exist scam.  802 Bitcoins exited their hotwallet per this thread.  Everybody going crazy in the forum since nobody can transfer coins out of local bitcoins.

https://blockchain.info/address/1NYMsMiSyiGNbn3LVsyeYKaUBXEUBxoHjR


is crypto done??  Huh

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April 26, 2015, 02:26:19 AM
 #2

Let's wait for an official announcement from LocalBitcoins.

R


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April 26, 2015, 02:30:46 AM
 #3

yes...heard the news latly but peoples really can't withdrawl.my friends are getting mad thank god that I have withdrawl my funds
Morecoin Freeman
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April 26, 2015, 02:34:04 AM
 #4

is crypto done??  Huh
Weird conclusion lol.

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April 26, 2015, 02:35:18 AM
 #5

is crypto done??  Huh
Weird conclusion lol.
Localbitcoins is the CEO of bitcoin! If they are gone, that means we have no one to guide us sheep! What do we do then? Sell!
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April 26, 2015, 04:13:33 AM
 #6

800 BTC hardly seems enough for an exit scam. Localbitcoins has been going for years, sounds like a legit tech issue, or at worst a hack, but exit scam no way doesn't make sense.

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April 26, 2015, 04:26:47 AM
 #7

800 BTC hardly seems enough for an exit scam. Localbitcoins has been going for years, sounds like a legit tech issue, or at worst a hack, but exit scam no way doesn't make sense.

The 802 Bitcoins is just their hot wallet. They may have a cold wallet with addresses that aren't well known.

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Chef Ramsay
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April 26, 2015, 04:43:06 AM
 #8

800 BTC hardly seems enough for an exit scam. Localbitcoins has been going for years, sounds like a legit tech issue, or at worst a hack, but exit scam no way doesn't make sense.
It's bold and all but does not seem like a 'finisher' plan. Someone got taken to the hilt so it is a cause for concern. 800btc equals go ahead and name it at this point.
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April 26, 2015, 04:46:59 AM
 #9

Yeah wait announment its better then we judge them scam
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April 26, 2015, 04:51:07 AM
 #10

800 BTC hardly seems enough for an exit scam. Localbitcoins has been going for years, sounds like a legit tech issue, or at worst a hack, but exit scam no way doesn't make sense.

The 802 Bitcoins is just their hot wallet. They may have a cold wallet with addresses that aren't well known.

Let's hope it is in-fact a bug or something. What's concerning is that the support has not yet posted anything about it, not on that thread or on twitter.

 

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April 26, 2015, 04:55:34 AM
 #11

People at localbitcoins are posting "scam confirmed". Pretty sure they are just shorters talking their book.

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April 26, 2015, 05:13:47 AM
 #12

800 BTC hardly seems enough for an exit scam. Localbitcoins has been going for years, sounds like a legit tech issue, or at worst a hack, but exit scam no way doesn't make sense.

The 802 Bitcoins is just their hot wallet. They may have a cold wallet with addresses that aren't well known.

Let's hope it is in-fact a bug or something. What's concerning is that the support has not yet posted anything about it, not on that thread or on twitter.

https://localbitcoins.com/forums/#!/general-discussion:error-sending-out-bitcoins

Thomas.LocalbitcoinsAdmin 2hrs ago General discussion

Error Sending Out Bitcoins


Our apologies. The developers are working on it – and while we do not have an ETA – please be assured that balances are safe and we'll do our best to get this fixed ASAP.

Sorry for any inconvenience this is causing users

Only problem with that is that the hot wallet was emptied yesterday: https://blockchain.info/tx/aaa64e2f1730fbf400df9cca30efbabf8b1dc437a6b00e516edefe4eb7bcc4f1

287 confirmations already.

Edit: By yesterday I mean on 4/24/15.

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April 26, 2015, 05:15:50 AM
 #13

800 BTC hardly seems enough for an exit scam. Localbitcoins has been going for years, sounds like a legit tech issue, or at worst a hack, but exit scam no way doesn't make sense.

The 802 Bitcoins is just their hot wallet. They may have a cold wallet with addresses that aren't well known.

Let's hope it is in-fact a bug or something. What's concerning is that the support has not yet posted anything about it, not on that thread or on twitter.

https://localbitcoins.com/forums/#!/general-discussion:error-sending-out-bitcoins

Thomas.LocalbitcoinsAdmin 2hrs ago General discussion

Error Sending Out Bitcoins


Our apologies. The developers are working on it – and while we do not have an ETA – please be assured that balances are safe and we'll do our best to get this fixed ASAP.

Sorry for any inconvenience this is causing users

Only problem with that is that the hot wallet was emptied yesterday: https://blockchain.info/tx/aaa64e2f1730fbf400df9cca30efbabf8b1dc437a6b00e516edefe4eb7bcc4f1

287 confirmations already.

Edit: By yesterday I mean on 4/24/15.

Did they go to one (known) address? Are they still there?

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April 26, 2015, 05:19:45 AM
 #14

800 BTC hardly seems enough for an exit scam. Localbitcoins has been going for years, sounds like a legit tech issue, or at worst a hack, but exit scam no way doesn't make sense.

The 802 Bitcoins is just their hot wallet. They may have a cold wallet with addresses that aren't well known.

Let's hope it is in-fact a bug or something. What's concerning is that the support has not yet posted anything about it, not on that thread or on twitter.

https://localbitcoins.com/forums/#!/general-discussion:error-sending-out-bitcoins

Thomas.LocalbitcoinsAdmin 2hrs ago General discussion

Error Sending Out Bitcoins


Our apologies. The developers are working on it – and while we do not have an ETA – please be assured that balances are safe and we'll do our best to get this fixed ASAP.

Sorry for any inconvenience this is causing users

Only problem with that is that the hot wallet was emptied yesterday: https://blockchain.info/tx/aaa64e2f1730fbf400df9cca30efbabf8b1dc437a6b00e516edefe4eb7bcc4f1

287 confirmations already.

Edit: By yesterday I mean on 4/24/15.

Did they go to one (known) address? Are they still there?

The bulk of their hot wallet coins went to a single address on 4/24/15 and they are still there. They still have about 50 bitcoins in their normal hot wallet addresses, not sure how that plays a role.

They usually reuse the same internal addresses all the time, but the address the 800+ BTC went to is new.

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April 26, 2015, 05:22:06 AM
 #15

Back online.
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April 26, 2015, 05:25:22 AM
 #16

Back online.

Were you able to actually send bitcoins out of localbitcoins? From what I can see if they are actually sending they aren't using their usual hot wallet. Do you have the address they sent from?

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April 26, 2015, 06:09:44 AM
 #17

I highly doubt Local Bitcoins would bother to perform exit scam of just 800 BTC  Grin Actually, I think they are one of the most trustworthy companies out there.

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April 26, 2015, 07:10:49 AM
 #18

SCAM CONFIRMED!

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April 26, 2015, 07:40:36 AM
 #19

800BTC for a scam?
That's like robbing a bank for the candy and pens, not a whole lot in the grand scheme of things. I'm sure it's a tech issue and will be resolved. Shorters are just talking their book like usual spreading bs to get their orders filled. Bitcoin is still fine and dandy.
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April 26, 2015, 08:41:16 AM
 #20

is this that caused the today small dump? even a small amount like that can start a chain of panic, that can cause a massive dump, don't underestimate it

these little scams remind me of the small thief that steals people's money on the street, fiat isn't any different, is actually worse than bitcoin, when we talk about being robbed...
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