If *someone* is stressing BTC... Do you support stressing *someone*?

[tl121]

I just accessed the coinwallet.eu web site successfully.  However, I note that the SSL certification does not show extended validation (green icon on Firefox) like one sees with respectable financial services, e.g. banks, Paypal, Coinbase, etc... If they had extended validation it would show that the certification authority has reviewed their corporate documents. This would show that they are an active business with physical existence, and a physical place where one can serve legal process on the company. For a financial business to operate without extended validation warrants suspicion.

https://en.wikipedia.org/wiki/Extended_Validation_Certificate

[mallard]

I support the CoinWallet.eu stress testing since we must push bitcoin to is limit. If bitcoin can't handle a stress test then how is to going to handle the future transactions of millions of users ? The stress tests also deliver important data for bitcoin development which are necessary for the block increase.

Yes, Bitcoin needs to be able to withstand attacks like these.
However they should have tested with some altcoin or on the testnet.

[addy boy]

i not support coinwallet.eu because i think coinwallet.eu will not work for long time this can be hacked easily by many hacker i think money will  not safe in this wallet there will be  many risk in this wallet use this wallet at your own risk time will be tell about this wallet.

[Pursuer]

I liked the stress testing at first (I meant the first time that it happened) but continuing it has only one result and that is just to mess with the users by making them wait long times for confirmation.

[OROBTC]

...

In the spirit of public service, I just pinged them (coinwallet.eu) five times, their site came up FAST each time.

Ah well.  What can an individual do vs. a company (even if a scammy one) employing pros...

[frankenmint]

...

In the spirit of public service, I just pinged them (coinwallet.eu) five times, their site came up FAST each time.

Ah well.  What can an individual do vs. a company (even if a scammy one) employing pros...

Can we even confirm those guys are legit?  I don't hear about ppl doing business with them.  I just only heard of them being syndicated from the usual btc rag circuit - disclaimer:  I'm not omnipotent nor omnipresent I don't know what is out there or what business presence they have elsewhere.

[frankenmint]

One reason to raise a red flag on their actions regarding this stress test. Using fake identities and other fake info regarding their service is already a sign of something fishy,

It's clearly not a real service of any type. It's a front and nothing but. Someone else said they attempted to open an 'account' and amazingly enough nothing came through.

I opened several accounts and tried to send them my money. However, they never ever reacted.

At least, they have in the KYC-section an important text:

Things you should know

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas dignissim nulla vitae efficitur elementum. Maecenas egestas turpis sem. Sed interdum interdum lorem eget dapibus. Pellentesque bibendum nibh sed tortor viverra, ornare imperdiet sem imperdiet. Donec mollis sed ex vel malesuada.

All you can do: Send them your Bitcoins. That's what I did (some dust). Since then, not a single support request was answered.

Instead, they claim to work now with OkCoin, BitFinex, BitMex and TeraExchange, selling BTC-bonds to clients.

Still convinced that this all is a fraud.

I linked your reply here onto Reddit and decided to also give them a closer look.  So far my findings:

Their Address on the website is to Felicia Trading, which is a Virtual Office (Certainly No harm nor Foul, just info for everyone else).  Looks like it costs them about £586 Per year to do business.  Found the Lorem Ipsum Page and its confirmed:



Selecting Cash In Mail Reveals the True Address (or at least a forwarder in Canada that suggests for you to mail envelopes of cash):



Legit Businesses NEVER allow this because it places unlimited liability on them, their employees, the mail carrier, etc.  You can mail cash, but if you attempt to take out an insurance claim against it, it will never be filed and it may be flagged and potentially confiscated.  There are reasons that as seen on TV advertisements tell you Don't Mail Cash.

Can't find any more info about that address listed except for that its maybe a business center with other businesses in the complex. 

Biggest red flag:  What sort of Exchange lets you buy BTC but you CANT withdraw that purchased BTC?

[Vlad2Vlad]

Yes, Bitcoin needs to be able to withstand attacks like these.
However they should have tested with some altcoin or on the testnet.

I talked to Gavin about using iXcoin as a live testnet but they never delivered the software package needed for the 20mb stress test.  So now it looks like Bitcoin itself will be the live testnet.  I'm excited to see what happens.

[btcdrak]

Lawyers think the stress test is illegal http://www.coindesk.com/bitcoin-spam-tests-could-violate-uk-law/
If this is true it would extend to all EU, USA, Canada and Australia which have similar laws in place.

[NorrisK]

It does generate them a lot of publicity, being positive or negative and even caused people in this thread to open accounts. I'd say they are doing quite well for themselves, not the network

[LiteCoinGuy]

One reason to raise a red flag on their actions regarding this stress test. Using fake identities and other fake info regarding their service is already a sign of something fishy,

It's clearly not a real service of any type. It's a front and nothing but. Someone else said they attempted to open an 'account' and amazingly enough nothing came through.

I opened several accounts and tried to send them my money. However, they never ever reacted.

At least, they have in the KYC-section an important text:

Things you should know

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas dignissim nulla vitae efficitur elementum. Maecenas egestas turpis sem. Sed interdum interdum lorem eget dapibus. Pellentesque bibendum nibh sed tortor viverra, ornare imperdiet sem imperdiet. Donec mollis sed ex vel malesuada.

All you can do: Send them your Bitcoins. That's what I did (some dust). Since then, not a single support request was answered.

Instead, they claim to work now with OkCoin, BitFinex, BitMex and TeraExchange, selling BTC-bonds to clients.

Still convinced that this all is a fraud.

i expected that. be very careful with this "wallet" or "exchange"! use something else!

[Kprawn]

This is nothing other than a PR stunt to put them in the spotlight. Good or bad press bring traffic to their site and they bargain on this to bring in more business. I sometimes wonder if they would have appreciated the same

kind of sobotage on their sites or service? Let's say someone launch a prolonged DoSS attack on their site and it goes offline for a few months... would that be appreciated by them?

This could also just be a front for something else... Time will tell, if this PR stunt would backfire on them. 

[Vlad2Vlad]

Lawyers think the stress test is illegal http://www.coindesk.com/bitcoin-spam-tests-could-violate-uk-law/
If this is true it would extend to all EU, USA, Canada and Australia which have similar laws in place.

Bitcoin is backed by all the money and power in the world yet these guys are attacking it for the 3rd time and nobody can stop them.

Is this really that difficulty to figure out?   

[pooya87]

to it just looks like a desperate attempt to get some publicity. which i think is just bringing them hatred. this is going to come back and bite them in the ass after some time though.

i wonder if anybody or any group has any plan of performing some attack on their website just to get even because they technically are stress (testing) attacking bitcoin.

[RealMalatesta]

to it just looks like a desperate attempt to get some publicity. which i think is just bringing them hatred. this is going to come back and bite them in the ass after some time though.

i wonder if anybody or any group has any plan of performing some attack on their website just to get even because they technically are stress (testing) attacking bitcoin.

Why would they need publicity? They are no real business, just some sort of scamming organisation.

What really is weird how "journalists" from CoinDesk act in this case. This isn't journalism anymore, but becoming partner-in-crime.

[edit]

However, I've filed a formal request with the Canadian and British authorities, for Coinwallet is definitively violating the AML-laws, especially S.C. 2000, c. 17. So by now, the authorities should start an investigation regarding possible violations of the Anti-Terrorist-Act.

[q34857]

Come on Bitcointalk, where's your research face?

https://i.imgur.com/tMWpm9p.png

We go to "deposit" a "bank draft", and are told we should make it out to payee 1009926 B.C. LTD. Stupidly with all these "methods" we are told to blindly send them money, but give them no way of identifying that the money they receive is owned by a particular account.

https://i.imgur.com/2tWjPNx.png

The company we are interested in was registered in August 2014, so it's either completely fake or for some reason hasn't been used before (I had a look around, there's no results for this particular canadian buisness number to be found anywhere).

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

The company number does exist in the database of the Candian government, but it appears to be a reassignment, this result is from 1986. It turns out for some reason financial services are exempt from being listed in public record. Might be worth while if someone in the US or Canada can contact a government office and see if there's a way to get information about them this way?

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

This address in particular is fairly useless, it's a remailer/virtual office located in Canada, this is fairly interesting because it's pretty off the beaten track and nowhere like the UK based address they claim on their website.

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

The website doesn't have a shitty CloudFlare configuration so they don't leak their host, however, the nameserver pair they use might expose something interesting.

https://i.imgur.com/Ab5nQkn.png

The pairs of names CloudFlare assigns is unique to the user account that adds the domain, so either coinwallet.eu is related to ibookair.net and lauincherfenix.com.ar, or someone just got unlucky and has the same pairing as them. Useless information now but might be interesting in the future.

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

Their email sending configuration is a bit weird, it uses mandrill as a proxy to avoid exposing their server behind cloudflare. Mandrill leaks the user ID of the person who made the account in the headers, which might be useful to compare with other dodgy services to see if there's any matches that might expose more about them. Specifically if you search "X-Mandrill-User: md_30632414" on your raw mailbox files we might get somewhere interesting, there's currently no results for that sadly.

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

The wallet they use can be found on walletexplorer as https://www.walletexplorer.com/wallet/000babbf8d1cc6e6 . Doesnt look like they have a particularly huge business but you can see some of their spam going in and out in the older sections of the page.

http://regex.info/exif.cgi?url=https%3A%2F%2Fwww.coinwallet.eu%2Fassets%2Fimg%2Flogo.png

We bust out the EXIF viewer, and find that their logo was created 3 months 17 days ago, using Adobe Photoshop CC on Windows. Most importantly, we now know the creators timezone is GMT+1. This timezone appears to suggest the person who created the logo was located in Algeria, Angola, Benin, Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Republic of Congo, Equatorial Guinea, Gabon, Guinea, Niger or Nigeria.

I've also requested for the WHOIS information on the domain coinwallet.eu to be unmasked by the registry.

[pooya87]

to it just looks like a desperate attempt to get some publicity. which i think is just bringing them hatred. this is going to come back and bite them in the ass after some time though.

i wonder if anybody or any group has any plan of performing some attack on their website just to get even because they technically are stress (testing) attacking bitcoin.

Why would they need publicity? They are no real business, just some sort of scamming organisation.

What really is weird how "journalists" from CoinDesk act in this case. This isn't journalism anymore, but becoming partner-in-crime.

[edit]

However, I've filed a formal request with the Canadian and British authorities, for Coinwallet is definitively violating the AML-laws, especially S.C. 2000, c. 17. So by now, the authorities should start an investigation regarding possible violations of the Anti-Terrorist-Act.

i mean some sort of advertising their scam services. they are attacking the bitcoin network and claiming that our service is not affected.
so in other words they are trying to attract more victims to their website.

[q34857]

i mean some sort of advertising their scam services. they are attacking the bitcoin network and claiming that our service is not affected.
so in other words they are trying to attract more victims to their website.

Duh. That's why there's a new section:

CoinWallet.eu is proud to offer a unique method for our users to take part in the lucrative Bitcoin Swap market through platforms such as OkCoin, BitFinex, BitMex and TeraExchange. Using this feature, you can purchase 7 or 30 day bonds with either your USD or Bitcoin balance, and lock in a fixed income for the term. When a bond is purchased, our swap trading bots automatically execute orders on the world's largest Bitcoin swap markets, thus locking in profits for our wallet users.

https://www.coinwallet.eu/bonds

[Lauda]

It does generate them a lot of publicity, being positive or negative and even caused people in this thread to open accounts. I'd say they are doing quite well for themselves, not the network

I concur. Things on the internet have really taken a turn, because sometimes negative publicity can go so far that it eventually starts becoming good publicity. They're going to draw a lot of attention to them and eventually divert it from the original shady thing that they were doing. I'm strongly against this 'stress' test which is an actual attack. If they wanted to stress test, then they would have done so on the test net. The question is, do we support using the same methods to get back at them?

[BayAreaCoins]

OP changed in order to edit their name out for less publicity to them.