Bitcoin Forum
May 04, 2024, 10:52:30 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Cryptsy: Idea for recovering funds  (Read 1161 times)
aardvark15 (OP)
Hero Member
*****
Offline Offline

Activity: 994
Merit: 510


View Profile
March 17, 2016, 10:02:53 PM
 #1

An idea I have for recovering money for Cryptsy customers without relying on Paul Vernon or Cryptsy is as follows:

1)  Have a trusted user of Bitcointalk.org set up a bitcoin address and he/she holds the private key.

2)  Advertise this address as a place to send bitcoins to go to Cryptsy customers that lost money.

3)  Anyone can send bitcoins to this address anonymously such as the "hacker", Paul Vernon, Satoshi Nakamoto, or anyone else that is wealthy and wants to help a brother out.

4)  After a period of time (a year maybe), all bitcoins collected are divided among those that can prove they lost money on Cryptsy and it will be divided based on how much they lost.  For example:  if customer A lost 1% of the stolen bitcoins, he gets 1% of the bitcoins collected in this address.

What do you guys think?  Two potential negatives to this idea are a) can we really trust someone to hold that money if any gets collected, and b) if someone is just being generous and decides to donate some bitcoins, there are those that may think he is the hacker and try to go after him.  We would have to make it clear that anyone that donates will not be tracked down.
1714863150
Hero Member
*
Offline Offline

Posts: 1714863150

View Profile Personal Message (Offline)

Ignore
1714863150
Reply with quote  #2

1714863150
Report to moderator
"There should not be any signed int. If you've found a signed int somewhere, please tell me (within the next 25 years please) and I'll change it to unsigned int." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
suchmoon
Legendary
*
Offline Offline

Activity: 3654
Merit: 8922


https://bpip.org


View Profile WWW
March 18, 2016, 12:02:39 AM
 #2

An idea I have for recovering money for Cryptsy customers without relying on Paul Vernon or Cryptsy is as follows:

1)  Have a trusted user of Bitcointalk.org set up a bitcoin address and he/she holds the private key.

2)  Advertise this address as a place to send bitcoins to go to Cryptsy customers that lost money.

3)  Anyone can send bitcoins to this address anonymously such as the "hacker", Paul Vernon, Satoshi Nakamoto, or anyone else that is wealthy and wants to help a brother out.

4)  After a period of time (a year maybe), all bitcoins collected are divided among those that can prove they lost money on Cryptsy and it will be divided based on how much they lost.  For example:  if customer A lost 1% of the stolen bitcoins, he gets 1% of the bitcoins collected in this address.

What do you guys think?  Two potential negatives to this idea are a) can we really trust someone to hold that money if any gets collected, and b) if someone is just being generous and decides to donate some bitcoins, there are those that may think he is the hacker and try to go after him.  We would have to make it clear that anyone that donates will not be tracked down.

#4 is impossible without Cryptsy customer database.

Also there is no incentive whatsoever for the "hacker" to send anything to it, so you would end up with some dust donations at best.
aardvark15 (OP)
Hero Member
*****
Offline Offline

Activity: 994
Merit: 510


View Profile
March 18, 2016, 12:19:03 AM
Last edit: March 18, 2016, 02:14:19 AM by aardvark15
 #3

An idea I have for recovering money for Cryptsy customers without relying on Paul Vernon or Cryptsy is as follows:

1)  Have a trusted user of Bitcointalk.org set up a bitcoin address and he/she holds the private key.

2)  Advertise this address as a place to send bitcoins to go to Cryptsy customers that lost money.

3)  Anyone can send bitcoins to this address anonymously such as the "hacker", Paul Vernon, Satoshi Nakamoto, or anyone else that is wealthy and wants to help a brother out.

4)  After a period of time (a year maybe), all bitcoins collected are divided among those that can prove they lost money on Cryptsy and it will be divided based on how much they lost.  For example:  if customer A lost 1% of the stolen bitcoins, he gets 1% of the bitcoins collected in this address.

What do you guys think?  Two potential negatives to this idea are a) can we really trust someone to hold that money if any gets collected, and b) if someone is just being generous and decides to donate some bitcoins, there are those that may think he is the hacker and try to go after him.  We would have to make it clear that anyone that donates will not be tracked down.

#4 is impossible without Cryptsy customer database.

Also there is no incentive whatsoever for the "hacker" to send anything to it, so you would end up with some dust donations at best.

You are correct that someone from Cryptsy would need to be involved.  I know you are laughing, but they don't have to have access to the money.  Someone from Cryptsy (like Cryptsy_Jim) knows what accounts show a balance and how much it is. He can take a support ticket from each of those customers with their bitcoin address and provide that list to a rep from Bitcointalk.org.

You're also right that there is no incentive for the hacker to send anything.  But we also know that the hacker hasn't moved the money for the last 2 years.  If he's nervous about being discovered, he could send it back to take the heat off.  This is just an idea, and maybe not a great one, but what other options do we have?
suchmoon
Legendary
*
Offline Offline

Activity: 3654
Merit: 8922


https://bpip.org


View Profile WWW
March 18, 2016, 01:13:01 AM
 #4

An idea I have for recovering money for Cryptsy customers without relying on Paul Vernon or Cryptsy is as follows:

1)  Have a trusted user of Bitcointalk.org set up a bitcoin address and he/she holds the private key.

2)  Advertise this address as a place to send bitcoins to go to Cryptsy customers that lost money.

3)  Anyone can send bitcoins to this address anonymously such as the "hacker", Paul Vernon, Satoshi Nakamoto, or anyone else that is wealthy and wants to help a brother out.

4)  After a period of time (a year maybe), all bitcoins collected are divided among those that can prove they lost money on Cryptsy and it will be divided based on how much they lost.  For example:  if customer A lost 1% of the stolen bitcoins, he gets 1% of the bitcoins collected in this address.

What do you guys think?  Two potential negatives to this idea are a) can we really trust someone to hold that money if any gets collected, and b) if someone is just being generous and decides to donate some bitcoins, there are those that may think he is the hacker and try to go after him.  We would have to make it clear that anyone that donates will not be tracked down.

#4 is impossible without Cryptsy customer database.

Also there is no incentive whatsoever for the "hacker" to send anything to it, so you would end up with some dust donations at best.

You are correct that someone for Cryptsy would need to be involved.  I know you are laughing, but they don't have to have access to the money.  Someone from Cryptsy (like Cryptsy_Jim) knows what accounts show a balance and how much it is. He can take a support ticket from each of those customers with their bitcoin address and provide that list to a rep from Bitcointalk.org.

You're also right that there is no incentive for the hacker to send anything.  But we also know that the hacker hasn't moved the money for the last 2 years.  If he's nervous about being discovered, he could send it back to take the heat off.  This is just an idea, and maybe not a great one, but what other options do we have?

Not a lot of options, that's true. But given how trollish and arrogant Cryptsy (ex-)employees have been so far the hope for cooperation is slim.

As for the "hacker" - we don't even know if there was one. All we have is BigVern's post a year and a half after the fact. No post mortem of the hack itself (just a reference to a previously known exploit), no reports to the authorities, a messy divorce, a fancy house, and the "CEO" hiding abroad.

TECSHARE
In memoriam
Legendary
*
Offline Offline

Activity: 3318
Merit: 1958


First Exclusion Ever


View Profile WWW
March 18, 2016, 02:27:15 PM
 #5

This wont work for many reasons. Also this should be in service discussion not scam accusations.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!