Gleb Gamow
In memoriam
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Merit: 1145
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January 25, 2016, 03:06:23 AM
Last edit: January 25, 2016, 03:19:20 AM by Gleb Gamow |
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^^^ So, to put the above in perspective, Paul Vernon nor his ~40 employees noticed millions of dollars worth of cryptocurrency leaving a secure platform while working in their offices on an early Tuesday morning while conducting transactions during the heist, some of which are contained in the same blocks on the blockchain.
It took Paul Vernon a year and half later to learnt from a couple Bitcoiners that five one hundred bitcoin lots were also reduced during the event while they watched it happened in virtually real time.
If I ran an exchange, I'd have a script checking for unauthorized coin movements from my cold storage wallet(s). If someone tried to steal my funds, it would instantly make a new tx with slightly higher fee, and double-spend the coin back to myself. Perhaps spend 100% as fee if the intruder were persistent... That's just me, I'm a wily prick Question: Why is your pretend COLD WALLET connected to a live network, thus negating the term COLD WALLET? Prosecutor: Paul Vernon, please explain how a cold wallet is secure. PV: Sure. Coins are put in a safe then locked, and the key is tossed into a live volcano. Prosecutor: So, how were Cryptsy's coins stolen?  "Somebody found the key."  "I wonder where that key goes to and why its hid inside this chicken." |
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Melech
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January 25, 2016, 03:33:03 AM |
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Question: Why is your pretend COLD WALLET connected to a live network, thus negating the term COLD WALLET? Prosecutor: Paul Vernon, please explain how a cold wallet is secure. PV: Sure. Coins are put in a safe then locked, and the key is tossed into a live volcano. Prosecutor: So, how were Cryptsy's coins stolen? "Somebody found the key." "I wonder where that key goes to and why its hid inside this chicken." I don't know the specifics of Craptsy's setup, but if you have the private key for a wallet, you don't need it to be online to make & broadcast a tx... That being said, once again Craptsy fails with simple security... They could have had a cold wallet on a computer that has never been connected to the interwebs. Use it to create a tx, but then broadcast the tx from a different location. Nobody could ever steal your private keys without being physically at the computer... So, definitely not how Craptsy designed their system... Craptsy security protocols (haha) failed at every possible level... A 5th grader could have designed a more secure system |
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suchmoon
Legendary
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Activity: 3654
Merit: 8922
https://bpip.org
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January 25, 2016, 03:42:25 AM |
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Question: Why is your pretend COLD WALLET connected to a live network, thus negating the term COLD WALLET?
Prosecutor: Paul Vernon, please explain how a cold wallet is secure.
PV: Sure. Coins are put in a safe then locked, and the key is tossed into a live volcano.
Prosecutor: So, how were Cryptsy's coins stolen?
Fucking volcanos... I knew we couldn't trust them, what with all the smoke screens and spewing lava bullshit. |
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Gleb Gamow
In memoriam
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Activity: 1428
Merit: 1145
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January 25, 2016, 03:48:20 AM |
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Question: Why is your pretend COLD WALLET connected to a live network, thus negating the term COLD WALLET?
Prosecutor: Paul Vernon, please explain how a cold wallet is secure.
PV: Sure. Coins are put in a safe then locked, and the key is tossed into a live volcano.
Prosecutor: So, how were Cryptsy's coins stolen?
Fucking volcanos... I knew we couldn't trust them, what with all the smoke screens and spewing lava bullshit.  |
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Melech
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January 25, 2016, 04:58:17 AM |
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Question: Why is your pretend COLD WALLET connected to a live network, thus negating the term COLD WALLET?
Prosecutor: Paul Vernon, please explain how a cold wallet is secure.
PV: Sure. Coins are put in a safe then locked, and the key is tossed into a live volcano.
Prosecutor: So, how were Cryptsy's coins stolen?
Fucking volcanos... I knew we couldn't trust them, what with all the smoke screens and spewing lava bullshit. Simultaneously, the planted charges erupted. Atomic blasts ballooned from the craters of Loa, Vesuvius, Shasta, Washington, Fujiyama, Etna, and many, many others. Arching higher and higher, up and outwards, towering clouds mushroomed, shot through with flashes of flame, waste and fission. Great winds raced tumultuously across the face of Earth, spreading tales of destruction ... — L. Ron Hubbard, Revolt in the Stars |
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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January 25, 2016, 05:02:10 AM |
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And for his next trick, Marshall Long will attempt to destroy Bitcoin by attacking it with an altcoin named Classic: The Classic coup attempt orchestrated by the Classic Kabal (Marshall Long, Olivier Janssens, Jonathan Toomim, Michael Toomin, Gavin Andresen and Jeff Garzik) demonstrated how an organized and determined small group of individuals came very close to be able to change Bitcoin development governance model, riding the popular demand to increase the block size limit.
In the beginning of January Olivier Janssens and Mashall Long asked Jonathan Toomim to be the lead maintainer of a “simple” 2MB Hard Fork, called BitcoinClassic, after Gavin Andresen and Jeff Garzik refused the role.
(Disclaimers: Olivier is an investors in Spondoolies-Tech, we had business relations with Marshall Long and his company FinalHash and Jonathan Toomim is a customer and hosting partner of Spondoolies-Tech)
https://medium.com/@vcorem/lesson-learned-from-the-classic-coup-attempt-or-why-core-needs-to-prepare-a-gpu-only-pow-6a9afe18e4b0 |
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Monero
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whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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Gleb Gamow
In memoriam
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Activity: 1428
Merit: 1145
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January 25, 2016, 05:20:52 AM
Last edit: January 25, 2016, 05:36:16 AM by Gleb Gamow |
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And for his next trick, Marshall Long will attempt to destroy Bitcoin by attacking it with an altcoin named Classic: The Classic coup attempt orchestrated by the Classic Kabal (Marshall Long, Olivier Janssens, Jonathan Toomim, Michael Toomin, Gavin Andresen and Jeff Garzik) demonstrated how an organized and determined small group of individuals came very close to be able to change Bitcoin development governance model, riding the popular demand to increase the block size limit.
In the beginning of January Olivier Janssens and Mashall Long asked Jonathan Toomim to be the lead maintainer of a “simple” 2MB Hard Fork, called BitcoinClassic, after Gavin Andresen and Jeff Garzik refused the role.
(Disclaimers: Olivier is an investors in Spondoolies-Tech, we had business relations with Marshall Long and his company FinalHash and Jonathan Toomim is a customer and hosting partner of Spondoolies-Tech)
https://medium.com/@vcorem/lesson-learned-from-the-classic-coup-attempt-or-why-core-needs-to-prepare-a-gpu-only-pow-6a9afe18e4b0 OMG! OMG! My dick's never been so big before. Now I'm in a quagmire: Click the link and hope it stays this big longer or possibly grow, or be let down and watch it go down; Don't click the link. Hey, I'm brave - I'll have the dog click the link. EDIT: Anybody seen my dick? I think I lost it.  |
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Gleb Gamow
In memoriam
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Activity: 1428
Merit: 1145
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January 25, 2016, 06:15:31 AM
Last edit: January 26, 2016, 02:59:04 AM by Gleb Gamow |
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Hippie Tech
aka Amenstop
Legendary
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Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
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January 25, 2016, 06:35:40 AM |
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Question: Why is your pretend COLD WALLET connected to a live network, thus negating the term COLD WALLET?
Prosecutor: Paul Vernon, please explain how a cold wallet is secure.
PV: Sure. Coins are put in a safe then locked, and the key is tossed into a live volcano.
Prosecutor: So, how were Cryptsy's coins stolen?
Fucking volcanos... I knew we couldn't trust them, what with all the smoke screens and spewing lava bullshit. You just described yourself.. in a metaphoric / round about way. ALEX.  https://bitcointalk.org/index.php?topic=1333813.msg13624076#msg13624076 |
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Gleb Gamow
In memoriam
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Activity: 1428
Merit: 1145
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January 25, 2016, 06:58:23 AM |
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Question: Why is your pretend COLD WALLET connected to a live network, thus negating the term COLD WALLET?
Prosecutor: Paul Vernon, please explain how a cold wallet is secure.
PV: Sure. Coins are put in a safe then locked, and the key is tossed into a live volcano.
Prosecutor: So, how were Cryptsy's coins stolen?
Fucking volcanos... I knew we couldn't trust them, what with all the smoke screens and spewing lava bullshit. You just described yourself.. in a metaphoric / round about way. ALEX. https://bitcointalk.org/index.php?topic=1333813.msg13624076#msg13624076 Ironically, I commented in that thread sans reading a post, perhaps even the OP, only making light of its title. At this penning I consider suchmoon a good guy and would hate to read that thread and learn something different. Thanks for the link, just the same. Now, I'm in a for-real quagmire. |
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Hueristic
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Activity: 3808
Merit: 4894
Doomed to see the future and unable to prevent it
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January 25, 2016, 08:00:28 AM |
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I just can't believe anyone has coins on this shit "exchange" and I chase flush draws all day.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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Richard1972x
Full Member
Offline
Activity: 224
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
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January 25, 2016, 08:09:11 AM |
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I think at the very end Cryptsy will finally shut down. Nobody that have been locked there for months will have any interest to start there again. In addition it would be very difficult to get new additional customer here.
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Gleb Gamow
In memoriam
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Offline
Activity: 1428
Merit: 1145
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January 25, 2016, 09:05:28 AM |
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 Old Cryptsy on the left; The proposed new Cryptsy on the right. |
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Bitskint
Member
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Activity: 79
Merit: 10
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January 25, 2016, 11:41:14 AM |
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I think at the very end Cryptsy will finally shut down. Nobody that have been locked there for months will have any interest to start there again. In addition it would be very difficult to get new additional customer here.
The thing is, if the site was to open again with trading and deposits allowed while keeping some wallets unable to withdraw till tx fees replenish them, might sound bad to some. There are a hell of a lot of users with funds tied up in there that the majority of people would go for this. All you have to think is do people want to see their coins again, people will say yes. Better some rescue plan for us all rather than nothing in the end. If the bank-run that happened never did, I have a feeling it would have worked like has been said. I know there is a TRUST thing to be got over, but if the cover up was indeed a last ditch attempt to save US ALL and was working, the finger should be pointed at the site that gave the info that caused the bank-run and messed up the plan. Now MOST of the story is out , where does it leave US ALL ? If we should see the site become operational again we should all be there to help , because we all have a stake in it , till ALL wallets are open again for withdrawals. I would rather see a trickle of my lost coins , knowing they are eventually coming back to me , than nothing at all. I would deposit too ( alt coins ) and if we all put the effort in, the faster the recovery would be. Bad mouthing is not going to help. ( At least till you know your money's gone for good ) |
1M68XehjYww77DLgwW9rk2zRid8Z8B7uw7 <-- my new BTC addy since Cryptsy took everything
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garmin
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January 25, 2016, 01:13:44 PM |
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ThePhwner
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January 25, 2016, 02:35:51 PM |
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what is the point in putting all this transactions and screenshots? no offense just wondering , i have myself lost some btc due to this but what is the intention? i pretty much consider the little i had there lost for ever
Well, what's the point of a decentralized currency with a 100% public blockchain? If this were a traditional bank no one would be able to see anything without subpoenas, etc., and they could and would destroy evidence. Shitsy might be trying but with a public record backed by lots of independent nodes, that task becomes more difficult. Sorry you're out some BTC; I suspect a lot of folks are, but there's value in the forensics here. I think at the very end Cryptsy will finally shut down. Nobody that have been locked there for months will have any interest to start there again. In addition it would be very difficult to get new additional customer here.
Ummm keep up brother. It already has. You can't do anything there but wait for token withdrawals of a few dustbin shitcoins. https://www.youtube.com/watch?v=L0MK7qz13bU |
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garmin
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January 25, 2016, 02:55:33 PM
Last edit: January 25, 2016, 04:26:49 PM by garmin |
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DrxGxr
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January 25, 2016, 04:21:07 PM |
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I think at the very end Cryptsy will finally shut down. Nobody that have been locked there for months will have any interest to start there again. In addition it would be very difficult to get new additional customer here.
The thing is, if the site was to open again with trading and deposits allowed while keeping some wallets unable to withdraw till tx fees replenish them, might sound bad to some. There are a hell of a lot of users with funds tied up in there that the majority of people would go for this. All you have to think is do people want to see their coins again, people will say yes. Better some rescue plan for us all rather than nothing in the end. If the bank-run that happened never did, I have a feeling it would have worked like has been said. I know there is a TRUST thing to be got over, but if the cover up was indeed a last ditch attempt to save US ALL and was working, the finger should be pointed at the site that gave the info that caused the bank-run and messed up the plan. Now MOST of the story is out , where does it leave US ALL ? If we should see the site become operational again we should all be there to help , because we all have a stake in it , till ALL wallets are open again for withdrawals. I would rather see a trickle of my lost coins , knowing they are eventually coming back to me , than nothing at all. I would deposit too ( alt coins ) and if we all put the effort in, the faster the recovery would be. Bad mouthing is not going to help. ( At least till you know your money's gone for good ) i think you are missing out the big part that should go like this 1. cryptsy is liable for the money supposedly stolen hmm i mean embezzled. 2.this money belongs to customers so cryptsy now owes the customers. 3.money put in by customers after event has absolutely nothing to do with the event. the missing money is now cryptsy debts. 4.at no point should new deposits be allocated towards paying off the debts. That means cryptsy now knowingly spending customer funds to pay off its debts to customers i know crazy stuff. = stealing and now site is running a ponzi/pyramid scheme.and is now basically a criminal entity in operation. and not reporting the incident to the authorities only works out for cryptsy and not the current or future customers it plans to steal from in the future commencing from the event 5. cryptsy ran this scam for 18 months. and actually had the diversity to blame a online article for its final demise. still unwilling to take any responsibility for theft/embezzlement/cover up/unreal irresponsibility. 6. he offers this options up has a possible remedy . http://blog.cryptsy.comquote 1. We shut down the website and file bankruptcy, letting users file claims via the bankruptcy process and letting the court make the disbursements. - or – 2. Somebody else comes in to purchase and run Cryptsy while also making good on requested withdrawals. - or – 3. If somehow we are able to re-aquire the stolen funds, then we allow all withdrawal requests to process. bug vern and cryptsy are clearly insane and/or delusional. are you ? |
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DrxGxr
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January 25, 2016, 04:35:07 PM |
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okOK BUG VERN WHAT IS THE CURRENT BALANCE OF ALL CURRENT COINS? .AND HOW HAS CUSTOMER DEPOSITS AFTER EVENT BEEN ALLOCATED FOR WITHDRAWALS. THIS SIMPLE LITTLE THINGS ARE EXACTLY WHY SUCH THINGS MUST BE REPORTED STRAIGHT AWAY UNLESS YOU HAVE A ULTERIOR MOTIVE NOT TO DO SO. GIVING THE FACT THAT NOT DOING SO IS ALSO A BREACH OF THE LAW. WICH YOU ARE CLEARLY WILLING TO BREAK.
THEN THIS IDIOT UP HERE THINKS ALL OF THIS IS OK, AND BUG CRAPTSY VERN SHOULD HAVE BEEN GIVING THE SPACE TO CONTINUE HIS SCAM IN PEACE. YOU SIR ARE A LTTLE CUNTA FOR EVEN SUGGESTING SUCH TRAVESTY.
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