Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE

[molecular]

things look alright to me.

looks good to me. I withdrew some BTC. But they're doing withdrawals manually, so it'll take some time, I guess.

[1714040325]

1714040325

[1714040325]

1714040325

[1714040325]

1714040325

[lucb1e]

10am passed, no sign of trading activity yet. Another deadline crossed.

Edit 10:14 CET:

Down for Maintenance
Bitcoin-Central.net is temporarily down for maintenance.

We're currently restarting the trading engine and should be back within in a few minutes

Edit 11:20 CET: still down. "A few minutes" is no deadline per se, but more than an hour later?

Edit 11:27: Up! The price is 149 euros, quite a bit higher than Mt.Gox. My buy orders didn't make it through for lower prices

My Bitcoin withdrawal is also still pending.

[Arthur Randolph]

Even market orders are not going through.
Hey, lagging is a MtGox thing only!

Edit: Went through at 149.89EUR, that's 194.72USD, whereas MtGox is at 184.38USD. Srsly...

[lucb1e]

Has anyone else been able to withdraw coins from btcentral to local wallets (on your pc)? My withdrawal is still pending and doesn't show up in the block chain.

[seldon]

They said, that all withdrawals will be manually checked.

I can't seem to make any trades btw, they show fees and changes in balance but upon page refresh everything is back  :/

[1PFYcabWEwZFm2Ez5LGTx3ftz]

"BTC withdraws will be processed manually for the next couple of days until we switch back to immediate automatic withdraws.
This temporary restriction is meant to allow careful monitoring of our operations in the initial phase of the recovery."

This looks way too much like Cyprus situation. Oh, the irony.

Why oh why on Earth would you do this? Why open the website for trade, but not allow people to withdraw? Even if you are sincere about "is meant to allow careful monitoring of our operations", don't you see how messed up this looks to your users?

I didn't lose my trust when you were hacked, I didn't lose my trust when you were offline for a week, I didn't lose my trust when the deadline for re-opening the website was extended several times, but NOW I lost any trust I had in you. I am withdrawing everything I have (assuming that will be possible at all; my bitcoin withdrawal is "pending" for ~36 hours now), and never using your website again.

_{(sorry for double post, but I believe this is important for everyone to see)}

[addi]

This will do you guys way more harm then just taking the initial withdraw punch and climb back up. Accept the withdraws, eat it up, you still have plenty of trust among the users and there is still a huge need for your service.

[seldon]

Dunno, seems sensible to me. Systems were hacked, who knows if there isn't some nice backdoor still running on the servers just waiting for a chance to cash out from the hot wallet.

[1PFYcabWEwZFm2Ez5LGTx3ftz]

Dunno, seems sensible to me. Systems were hacked, who knows if there isn't some nice backdoor still running on the servers just waiting for a chance to cash out from the hot wallet.

They had 7 days to check, re-check and re-re-check for backdoors and anything else.

The fact that they impose such "capital controls", implies that either:
a) some coins actually got stolen, and they don't have enough coins to let everyone withdraw;
b) no coins got stolen, but they didn't actually keep 100% of the coins, and since after this hack they expected a "bank run", they had to impose controls, because they don't have enough coins to let everyone withdraw;

Even if this implication is not true, most users will come to the same conclusion, and this will hurt your reputation more than the hack did.

You can't mock Cyprus for closing banks for a week and after opening not letting people withdraw THEIR money, and then do EXACTLY THE SAME THING.

[tvbcof]

Dunno, seems sensible to me. Systems were hacked, who knows if there isn't some nice backdoor still running on the servers just waiting for a chance to cash out from the hot wallet.

Alll of the important Linux systems I've built have been scripted.  Thus, I can re-image a host which I have any concern about in a matter of minutes, and I often keep checksums of every file on a virgin system.  On BSD systems I can and have re-build world on just an unexplained re-boot just in case.  And none of my systems are even sensitive enough to hold passwords, much less financial data.  I don't even consider myself a competent system administrator!

The skill level demonstrated by most Bitcoin related 'businesses' is simply appalling to me, particularly since there is a financial component.  No wonder fucking near every one of them has been hacked.

[Rockefoten]

Maybe I missed this while skimming through the pages, but does anyone have any idea how this could/would affect the "first exchange licensed to operate with a bank... This is HUGE"-part? (which this thread was really about?)
Maybe this incident will give their partners second thoughts?
Or had this turned out to be "vapornews" anyhow?

[marcus_of_augustus]

Dunno, seems sensible to me. Systems were hacked, who knows if there isn't some nice backdoor still running on the servers just waiting for a chance to cash out from the hot wallet.

Alll of the important Linux systems I've built have been scripted.  Thus, I can re-image a host which I have any concern about in a matter of minutes, and I often keep checksums of every file on a virgin system.  On BSD systems I can and have re-build world on just an unexplained re-boot just in case.  And none of my systems are even sensitive enough to hold passwords, much less financial data.  I don't even consider myself a competent system administrator!

The skill level demonstrated by most Bitcoin related 'businesses' is simply appalling to me, particularly since there is a financial component.  No wonder fucking near every one of them has been hacked.

Hey want to do a bitcoin start-up with me? .... You sound like just the guy I'm looking for.

[tvbcof]

Dunno, seems sensible to me. Systems were hacked, who knows if there isn't some nice backdoor still running on the servers just waiting for a chance to cash out from the hot wallet.

Alll of the important Linux systems I've built have been scripted.  Thus, I can re-image a host which I have any concern about in a matter of minutes, and I often keep checksums of every file on a virgin system.  On BSD systems I can and have re-build world on just an unexplained re-boot just in case.  And none of my systems are even sensitive enough to hold passwords, much less financial data.  I don't even consider myself a competent system administrator!

The skill level demonstrated by most Bitcoin related 'businesses' is simply appalling to me, particularly since there is a financial component.  No wonder fucking near every one of them has been hacked.

Hey want to do a bitcoin start-up with me? .... You sound like just the guy I'm looking for.

No.  Alas, I already have a job which I've been trying to lose for years and it precludes me from legally and ethically working on anything else.  Almost done though, but now the problem is that I'm so fucking rich from BTC that I don't really need to work.  (If Bitcoin goes anywhere that is, and if it doesn't then working on a Bitcoin project would be a waste of time.)   I'm burnt out on software and sys-admin stuff generally and will be for a year or two.  If I muster any interest sooner, the thing which interests me most at the moment is crypto-currency, but not Bitcoin proper which I feel is on a dead end (as I define it.)

Thanks though!

[1PFYcabWEwZFm2Ez5LGTx3ftz]

Maybe I missed this while skimming through the pages, but does anyone have any idea how this could/would affect the "first exchange licensed to operate with a bank... This is HUGE"-part? (which this thread was really about?)
Maybe this incident will give their partners second thoughts?
Or had this turned out to be "vapornews" anyhow?

The fact that they are partners with a bank, keeps me hope that this is just incompetence on their part, and that the funds will be unfrozen eventually.

However, if it turned out that they didn't keep 100% of coins, or that they lied about coins not being stolen, this could have an interesting effect, that any other future exchange cooperating with a bank, would be viewed with distrust by default.

[nurbili]

I was able to withdraw some BTC from my bitcoin-central account. But they still not credited my 1000,- EUR SEPA transfer from 2013-03-25 to my account...

[coined]

still no response to my support ticket about my missing bitcoins, it's been 7 days.

[moni3z]

Dunno, seems sensible to me. Systems were hacked, who knows if there isn't some nice backdoor still running on the servers just waiting for a chance to cash out from the hot wallet.

Alll of the important Linux systems I've built have been scripted.  Thus, I can re-image a host which I have any concern about in a matter of minutes, and I often keep checksums of every file on a virgin system.  On BSD systems I can and have re-build world on just an unexplained re-boot just in case.  And none of my systems are even sensitive enough to hold passwords, much less financial data.  I don't even consider myself a competent system administrator!

The skill level demonstrated by most Bitcoin related 'businesses' is simply appalling to me, particularly since there is a financial component.  No wonder fucking near every one of them has been hacked.

Hey want to do a bitcoin start-up with me? .... You sound like just the guy I'm looking for.

Hire somebody from openbsd-dev or henning brauer for consulting, the guy who maintains pf. He runs http://www.bsws.de/ and offers managed servers. Run the cold wallet yourself. Or look into google app engine and trust google's infrastructure

[lucb1e]

Has anyone else been able to withdraw coins from btcentral to local wallets (on your pc)? My withdrawal is still pending and doesn't show up in the block chain.

My coin arrived! Took about 44 hours, but it has 12 confirmations by now
They pay a transaction fee of 0.0005 btw.

still no response to my support ticket about my missing bitcoins, it's been 7 days.

I had an answer to my support ticket in about 30 hours. I'd think they are either investigating it, or putting it off to investigate later (there are probably 10.000 other support requests coming in, most of which are much quicker to answer, and being speedy now won't help in your case). I do agree with you that it's been a while, they could at least tell you the status... In fact, it would be nice if the support system showed your position in the queue.

[2weiX]

took me about 2h to withdraw ~50 BTC.

[addi]

Yep, they are accepting withdrawals again in full force. nice.