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Author Topic: britcoin exchange locked  (Read 1465 times)
FractalUniverse
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June 19, 2011, 08:17:19 PM
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Due to the recent events at MTGox.com, we at Britcoin have decided to move our servers to a new location. MTGox suffered an SQL injection which means access to the site's funds were in the hands of the malicious hacker. As such, until we see evidence to the contrary, for security reasons we are assuming that MTGox has none of it's client's bitcoins. For this reason, we have withdrawn their access to our servers and the sensitive information on those servers. While our servers were separate, we were purchasing server space from MagicalTux, the owner/operator of MTGox. We have already moved all our customer bitcoins to a wallet which has newly been created and has the highest measure of security possible. The GBP deposits of course are still safe in our business bank account as well. We will put Britcoin up again as soon as possible, but only once we are confident we have the highest level of security our users deserve.

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June 19, 2011, 08:22:42 PM
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way to go britcoin
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June 19, 2011, 08:25:01 PM
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Very mature move, it also has the side effect of preventing panic trading while this all clears out.

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June 19, 2011, 08:27:16 PM
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The orderbook was looking pretty dire. Probably a wise move, prevent a sell off and let things calm down.

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June 19, 2011, 08:31:36 PM
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Just noticed this sentence.

for security reasons we are assuming that MTGox has none of it's client's bitcoins

interesting..

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June 20, 2011, 10:53:36 AM
 #6

Back up now.

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