Bitcoin Forum
May 16, 2022, 07:57:22 PM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: 1 2 3 4 5 6 7 8 [All]
  Print  
Author Topic: BIPS, Payment Service Provider (PSP) for Merchants  (Read 75278 times)
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
July 08, 2013, 01:57:38 PM
Last edit: February 06, 2014, 08:12:08 AM by Kris
 #1



BIPS is one of the largest payment solution providers within Europe. BIPS operates as a Payment Service Provider (PSP) for Merchants and acquirers bitcoin payments for consumers and merchants.

Customers can buy or sell Bitcoin via a range of banking options, including direct deposits and international bank transfers. BIPS facilitate transfers to and from EgoPay and to Paypal, with more options planned to be added in the future. Buy / Sell requires ID verification to comply with current KYC/AML policies and regulations.

Low to zero fees, no chargebacks and none of the credit card hassle.
1652731042
Hero Member
*
Offline Offline

Posts: 1652731042

View Profile Personal Message (Offline)

Ignore
1652731042
Reply with quote  #2

1652731042
Report to moderator
1652731042
Hero Member
*
Offline Offline

Posts: 1652731042

View Profile Personal Message (Offline)

Ignore
1652731042
Reply with quote  #2

1652731042
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1652731042
Hero Member
*
Offline Offline

Posts: 1652731042

View Profile Personal Message (Offline)

Ignore
1652731042
Reply with quote  #2

1652731042
Report to moderator
1652731042
Hero Member
*
Offline Offline

Posts: 1652731042

View Profile Personal Message (Offline)

Ignore
1652731042
Reply with quote  #2

1652731042
Report to moderator
assortmentofsorts
Member
**
Offline Offline

Activity: 91
Merit: 10



View Profile
July 08, 2013, 02:05:07 PM
 #2

How do i perform a subscription API request via BIPS? I see an example in my dashboard (under Merchant > Instant Payment Notification sub-section) but don't see any API specific information regarding creating a subscription-based invoice?

Also please include a way to fetch current buy/sell price via the API (or probably even websocket streaming would be great) Smiley

If you want to tip: BTC 1KbjTUEfcziwMv7BMXcjmvNAKEpTJbZCsF
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
July 08, 2013, 02:09:23 PM
 #3

Subscription will be launched around when bitcoin v.9 is completed.

Also please include a way to fetch current buy/sell price via the API (or probably even websocket streaming would be great) Smiley

Will look into this.
assortmentofsorts
Member
**
Offline Offline

Activity: 91
Merit: 10



View Profile
July 08, 2013, 02:10:42 PM
 #4

Subscription will be launched around when bitcoin v.9 is completed.

Awesome! Thanks Smiley

If you want to tip: BTC 1KbjTUEfcziwMv7BMXcjmvNAKEpTJbZCsF
bittenbob
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500


View Profile
July 09, 2013, 03:17:01 AM
 #5

reserved
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
July 15, 2013, 09:25:57 AM
Last edit: July 15, 2013, 02:27:14 PM by Kris
 #6

Browser Extension, https://bips.me/extension and BIPS Application Gallery, https://bips.me/apps Did you make something that integrate ‪#‎BIPS‬ ?



Browser Extension

The BIPS 'Send Bitcoin' button is the primary tool for sending Bitcoin from your BIPS wallet. It enables in browser QR code scanning via the 'Send Bitcoin' button.


Apps



Have you made something cool utilizing any of BIPS API's, let us know by using "Add to BIPS" form on our Application Gallery page.
ninjaboon
Legendary
*
Offline Offline

Activity: 2086
Merit: 1002



View Profile WWW
July 16, 2013, 05:36:02 AM
 #7

Looking at Application Gallery page now.
Will definitely talk about your services when I present at WebCamp Cyberjaya this month, 25 July.
http://bitcoinmalaysia.com/2013/07/10/bitcoin-at-webcamp-cyberjaya-1-25-july-2013/



Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
July 16, 2013, 01:35:39 PM
 #8

Looking at Application Gallery page now.
Will definitely talk about your services when I present at WebCamp Cyberjaya this month, 25 July.
http://bitcoinmalaysia.com/2013/07/10/bitcoin-at-webcamp-cyberjaya-1-25-july-2013/

Sounds interesting, I'll be happy to answer any questions you might have.
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
July 19, 2013, 12:03:35 PM
 #9



Pay with your Danske Bank, Receive Bitcoins in under a minute!
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
July 23, 2013, 09:42:57 PM
 #10

July 23, 2013 - Press Release, BIPS changes to Bitstamp https://bips.me/press/release/20130723
🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
*
Offline Offline

Activity: 1260
Merit: 1036

👻


View Profile
August 01, 2013, 05:19:35 AM
Last edit: August 01, 2013, 06:34:21 AM by TradeFortress
 #11

Kris, you still have not got back to me regarding if you have a security vulnerability bounty program.

I believe fixing critical vulnerabilities before someone with malicious intentions empties your wallet is more important than adding new features, but it's your business.
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 882
Merit: 501


Ching-Chang;Ding-Dong


View Profile WWW
August 01, 2013, 03:06:21 PM
 #12

You're rates are too poor though. They are a few percentage points off of bitstamp...

Check out BitcoinATMTalk - https://bitcoinatmtalk.com
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
August 01, 2013, 08:17:59 PM
Last edit: August 01, 2013, 08:28:02 PM by Kris
 #13

Kris, you still have not got back to me regarding if you have a security vulnerability bounty program.

I believe fixing critical vulnerabilities before someone with malicious intentions empties your wallet is more important than adding new features, but it's your business.

So what you are saying is that you've done unauthorized penetrations test on BIPS, without my authorization, and without allowing me to acknowledge your report, analyze it and, if deemed critical, reward you if you wish, for helping us, as stated in our Security Policy ?

https://bips.me/security
assortmentofsorts
Member
**
Offline Offline

Activity: 91
Merit: 10



View Profile
August 02, 2013, 09:14:04 AM
 #14

Kris, you still have not got back to me regarding if you have a security vulnerability bounty program.

I believe fixing critical vulnerabilities before someone with malicious intentions empties your wallet is more important than adding new features, but it's your business.

Just an FYI: I got rewarded for helping find a bug in their IPN layer.

If you want to tip: BTC 1KbjTUEfcziwMv7BMXcjmvNAKEpTJbZCsF
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 882
Merit: 501


Ching-Chang;Ding-Dong


View Profile WWW
August 02, 2013, 09:22:17 AM
 #15

Kris, you still have not got back to me regarding if you have a security vulnerability bounty program.

I believe fixing critical vulnerabilities before someone with malicious intentions empties your wallet is more important than adding new features, but it's your business.

So what you are saying is that you've done unauthorized penetrations test on BIPS, without my authorization, and without allowing me to acknowledge your report, analyze it and, if deemed critical, reward you if you wish, for helping us, as stated in our Security Policy ?

https://bips.me/security

If that is the case, thumbs up to you guys for standing behind your security guarantee.

Check out BitcoinATMTalk - https://bitcoinatmtalk.com
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
August 02, 2013, 12:06:46 PM
Last edit: August 02, 2013, 12:20:54 PM by Kris
 #16

You're rates are too poor though. They are a few percentage points off of bitstamp...

We are not an exchange, BIPS is a payment processor mostly used by merchants. Maybe I misunderstood your question?
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 882
Merit: 501


Ching-Chang;Ding-Dong


View Profile WWW
August 02, 2013, 12:24:46 PM
 #17

You're rates are too poor though. They are a few percentage points off of bitstamp...

We are not an exchange, BIPS is a payment processor mostly used by merchants. Maybe I misunderstood your question?

"Buy, Sell, Trade and withdraw to bank. Today" is what it says in your signature.

I'm a little confused.

The rate's for accepting payment in bitcoin and then converting it to USD are pretty poor. Recently you guys had a press release saying you were going to base your prices off of bitstamp, but I don't see this.

Check out BitcoinATMTalk - https://bitcoinatmtalk.com
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
August 02, 2013, 12:53:12 PM
 #18

You're rates are too poor though. They are a few percentage points off of bitstamp...

We are not an exchange, BIPS is a payment processor mostly used by merchants. Maybe I misunderstood your question?

"Buy, Sell, Trade and withdraw to bank. Today" is what it says in your signature.

I'm a little confused.

The rate's for accepting payment in bitcoin and then converting it to USD are pretty poor. Recently you guys had a press release saying you were going to base your prices off of bitstamp, but I don't see this.

Very true, BIPS Buy Bitcoin option for verified customers are not very competitive right now, however to make up for this we are quick in getting the Bitcoin to you and the "money" to you for sell. But wait a few weeks, and we will have something very big to announce. Something that I personally think you will like.

We don't hold any significant market share in the US.

The press release you mention is here, https://bips.me/press/release/20130723
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 882
Merit: 501


Ching-Chang;Ding-Dong


View Profile WWW
August 02, 2013, 01:47:10 PM
 #19

You're rates are too poor though. They are a few percentage points off of bitstamp...

We are not an exchange, BIPS is a payment processor mostly used by merchants. Maybe I misunderstood your question?

"Buy, Sell, Trade and withdraw to bank. Today" is what it says in your signature.

I'm a little confused.

The rate's for accepting payment in bitcoin and then converting it to USD are pretty poor. Recently you guys had a press release saying you were going to base your prices off of bitstamp, but I don't see this.

Very true, BIPS Buy Bitcoin option for verified customers are not very competitive right now, however to make up for this we are quick in getting the Bitcoin to you and the "money" to you for sell. But wait a few weeks, and we will have something very big to announce. Something that I personally think you will like.

We don't hold any significant market share in the US.

The press release you mention is here, https://bips.me/press/release/20130723

I've spoken to a few people from BIPs at the various conferences and am impressed with what you guys are doing, don't get me wrong.

Until you switched to bitstamp for your rates, you actually had some of the most competitive rates around.

However, 3-5 days for a wire transfer to go through isn't exactly quick. Also, wire transfers (for most americans) carry a reception fee (in my banks case, $15).

The best of luck to you guys though, I have no doubt that you will succeed.

Check out BitcoinATMTalk - https://bitcoinatmtalk.com
ninjaboon
Legendary
*
Offline Offline

Activity: 2086
Merit: 1002



View Profile WWW
August 02, 2013, 02:53:29 PM
 #20

Very true, BIPS Buy Bitcoin option for verified customers are not very competitive right now, however to make up for this we are quick in getting the Bitcoin to you and the "money" to you for sell. But wait a few weeks, and we will have something very big to announce. Something that I personally think you will like.

We don't hold any significant market share in the US.

The press release you mention is here, https://bips.me/press/release/20130723

I can't wait for your new announcement. I want to get your service running here in Asia but with the recent drama in Thailand, it'll have to wait out for a few weeks for the dust to settle down.

System
Newbie
*
Offline Offline

Activity: 18
Merit: 0



View Profile
August 06, 2013, 11:39:09 PM
 #21

https://cdn.bips.me/includes/googlecheckout.png


Merchant casualties of November 20th, 2013, Think Bitcoin?

https://bips.me/googlecheckout
System
Newbie
*
Offline Offline

Activity: 18
Merit: 0



View Profile
August 07, 2013, 10:44:46 PM
 #22

"Bitcoin economy continues to dominate as BIPS lowers spread on buy/sell to a record low"

https://bips.me/merchants
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
August 07, 2013, 11:27:57 PM
 #23

I can't wait for your new announcement. I want to get your service running here in Asia but with the recent drama in Thailand, it'll have to wait out for a few weeks for the dust to settle down.

See above for the announcement, a bit ahead of schedule even.
System
Newbie
*
Offline Offline

Activity: 18
Merit: 0



View Profile
August 20, 2013, 09:25:12 PM
 #24

Secure Texting + Bitcoin Payment

Bitcoin payments

Hook your account up to BIPS and begin spending and earning Bitcoin in your everyday life. Settle bills with friends, transact on Craigslist. The sky is the limit.

Secure texting

Rely on encrypted text and picture messaging. You can permanently delete some or all messages from a conversation at any time.


        http://anonymouse.org/cgi-bin/anon-www.cgi/http://anonymouse.org/cgi-bin/anon-www.cgi/http://img708.imageshack.us/img708/7420/d3jp.png


August 20, 2013
Press Release
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
August 21, 2013, 04:18:52 PM
 #25

osCommerce Payment Module now available to accept payments in Bitcoin via BIPS, Bitcoin Internet Payment System https://bips.me/shopmodules#osCommerce
Swordsoffreedom
Legendary
*
Online Online

Activity: 2030
Merit: 1112


🔥::No Risk No Gain::🔥


View Profile WWW
August 23, 2013, 03:48:45 AM
 #26

Not sure if this question is applicable but I will ask it to make sure.

Is this program safe to use regarding the issues with Android aka has it been patched?
https://bitcointalk.org/index.php?topic=271831.0;topicseen

.
.Duelbits.
█▀▀▀▀▀











█▄▄▄▄▄
TRY OUR
  NEW  UNIQUE
GAME!
.
.DICE..
▄▄██████▄▄
▄▄██████████████▄▄
▄██████████████████████▄
██████████████████████████
██████████████████████████
██████████████████████████
██████████████████████████
██████████████████████████
██████████████████████████
▀████████████████████████▀
▀██████████████████████▀
▀▀██████████████▀▀
▀▀██████▀▀
PROVABLY
      FAIR       
                     ███████
                       ███       ▄
                   ▄▄███████▄▄   ▄█▄
 ██  ████████
  ▄▄█████████████████▀ ▀
              █████          █████
      █████
  ██████         ▄   ████
            ██████        ▄▀     ████
████████
    ██████     ███       ████
            █████▄              ████
     ███████████████
            ████

              ████████▄▄▄▄▄▄  █████
               ▀▀███████████████▀▀
                   ▀▀███████▀▀
INSTANT
      BET       
NEARLY UP TO
.50%. REWARDS
▀▀▀▀▀█











▄▄▄▄▄█
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
August 23, 2013, 06:43:56 AM
Last edit: August 23, 2013, 09:55:55 AM by Kris
 #27

Not sure if this question is applicable but I will ask it to make sure.

Is this program safe to use regarding the issues with Android aka has it been patched?
https://bitcointalk.org/index.php?topic=271831.0;topicseen

Unless issues is discovered in the official bitcoin daemon, BIPS will remain very safe.

The issue with Android was the random numbers generator provided by the Android operating system.

However thanks for asking, it is a very appropriate question.
System
Newbie
*
Offline Offline

Activity: 18
Merit: 0



View Profile
August 27, 2013, 06:35:00 AM
Last edit: August 27, 2013, 06:49:36 AM by System
 #28

New cutting edge feature at BIPS, Register Protocol Handler for bitcoin: links

When a user clicks on "Register Bitcoin Protocol Handler", it should display a prompt to the user, asking permission to allow the web application to register as a handler for the protocol.

http://img209.imageshack.us/img209/802/bmv3.png

Firefox displays a prompt in the notification bar area:

http://img39.imageshack.us/img39/8572/wxd.png


Now, anytime the user clicks a Bitcoin URI link, the browser will route the action to the URL supplied when the web application registered, in this case BIPS Send Bitcoin tool.
Firefox will, by default, prompt the user before handing off the action.

http://img837.imageshack.us/img837/5352/jnx.png

The result is easy access to pay invoices or any Bitcoin URI links by simply clicking on the button/link. No more white error screens, because the user do not have Bitcoin installed to handle Bitcoin URI protocol handler.

http://img42.imageshack.us/img42/2672/9vtq.png
bernard75
Legendary
*
Offline Offline

Activity: 1316
Merit: 1003



View Profile
September 10, 2013, 10:05:32 PM
Last edit: October 07, 2013, 12:41:40 PM by bernard75
 #29

You can now buy and link my cards to BIPS now:
EUR: https://bips.me/checkout/invoice/LId/nc
GBP: https://bips.me/checkout/invoice/LId/pc
System
Newbie
*
Offline Offline

Activity: 18
Merit: 0



View Profile
October 07, 2013, 04:14:30 AM
 #30

BIPS to release support for sending payment requests using BIP 70 message formats.

Upon completion, transactions to merchants are irreversible. Any dispute that you may have should be addressed directly to the merchant. BIPS do not mediate disputes. However BIP 70 provides a secure proof of payment, which the customer can use in case of a dispute with the merchant.

http://tinyurl.com/pws8etg
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
October 07, 2013, 09:41:41 AM
 #31

Zen Cart, Bitcoin payment module integrating BIPS ready for download. https://bips.me/shopmodules#ZenCart
overunity
Full Member
***
Offline Offline

Activity: 198
Merit: 100



View Profile
October 11, 2013, 08:55:51 AM
 #32

Hello Kris,
I have come here to address an issue I have .

I cannot access your customer service using the contact button at the bottom of the BIPS page

When I put in my e-mail and password it tells me it is incorrect .

This is strange since I clicked "contact " while logged into the BIPS account .

The issue I'am trying to resolve is that I want to verify my bank but you require "SWIFT or BIC"  What is this ?

In the uk we use account number and sort code .

But you like bitstamp who I have attempted to deal with ask for  iban and swift which my bank says they cannot transfer funds to .

I want to try to purchase £10 worth of bitcoin from you to test the waters but it seems very difficult for me to accomplish .

How can I make bitcoin simple to my customers if I find it impossible myself ?
overunity
Full Member
***
Offline Offline

Activity: 198
Merit: 100



View Profile
October 11, 2013, 08:59:22 AM
Last edit: October 11, 2013, 09:09:28 AM by overunity
 #33

Maybe your service and others will be useful in a pure bitcoin economy but getting fiat to bitcoin seems to me as a tradesman to be a major hurdle .

I'am a simple tradesman not a computer wizard ,what is the simplest, easy to apply method to get a complete noob to pay me in bitcoin using your service .

My customers will not go to the trouble I'am going to just to pay me bitcoin .

I,am hoping to present to them something that is easily executable .

If I can make this work I know a lot of issues this will solve in the uk contracting industry and many of the company director I know would at least try it .

I want to try to make it work on small individual private jobs before involving some company directors .

A live converstion would be easier to discuss but many bitcoin companies seem to prefer forums and e-mail which is not how I communicate in the building industry .

Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
October 11, 2013, 09:38:11 AM
 #34

Hi,

You will want to use the help desk for questions like these, as it is unlikely we will have a good success rate using the bitcointalk forum for resolutions. Out of all the staff in BIPS help desk, it is mainly just me visiting the bitcointalk forums and keeping up to date with what is happening here.

https://helpdesk.bips.me/

Hello Kris,
I have come here to address an issue I have .

I cannot access your customer service using the contact button at the bottom of the BIPS page

When I put in my e-mail and password it tells me it is incorrect .

This is strange since I clicked "contact " while logged into the BIPS account .

The help desk and BIPS runs two entirely difference databases, so you will simply want to hit "Submit a Ticket"


The issue I'am trying to resolve is that I want to verify my bank but you require "SWIFT or BIC"  What is this ?

In the uk we use account number and sort code .

But you like bitstamp who I have attempted to deal with ask for  iban and swift which my bank says they cannot transfer funds to .

I want to try to purchase £10 worth of bitcoin from you to test the waters but it seems very difficult for me to accomplish .

How can I make bitcoin simple to my customers if I find it impossible myself ?

SWIFT or BIC is Business Identifier Codes, before 2009 also known as Bank Identifier Code.
The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication

And one of these, no matter what they call it, is something your bank needs to have. If your local branch for some reason does not have a SWIFT, BIC or what they might call it, the intermediary bank your branch uses will have this.

What you want to do is ask your bank for details about international wire transfer information.
bernard75
Legendary
*
Offline Offline

Activity: 1316
Merit: 1003



View Profile
October 11, 2013, 09:46:34 AM
 #35

BIC: http://www.theswiftcodes.com/united-kingdom
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
October 11, 2013, 09:53:53 AM
 #36

Maybe your service and others will be useful in a pure bitcoin economy but getting fiat to bitcoin seems to me as a tradesman to be a major hurdle .

Bitcoin to fiat, or any virtual currency to fiat is a major hurdle sometimes for customer and provider. There are so many undefined regulations we need to adhere and take account for that it almost, and mark I say almost is impossible. However I like to think that we are making process is making this as easy as possible at BIPS.


I'am a simple tradesman not a computer wizard ,what is the simplest, easy to apply method to get a complete noob to pay me in bitcoin using your service .

My customers will not go to the trouble I'am going to just to pay me bitcoin .

I,am hoping to present to them something that is easily executable .

I would say using BIPS mobile checkout, as seen example of here, https://bips.me/checkout/mobile/cb you will want to replace "cb" with your own Public Account ID as found in Account. Also you will find the link directly on your bitcoin eWallet dashboard.


If I can make this work I know a lot of issues this will solve in the uk contracting industry and many of the company director I know would at least try it .

As I understand it so far, the issue at hand was bank integration, so that you could exchange bitcoin instantly to money in your bank, if we can find out what your UK bank likes to call SWIFT or BIC. We are one step closer to our final goal of making bitcoin perfectly simple.


I want to try to make it work on small individual private jobs before involving some company directors .

Seems like a good idea before going large scale. What you want to present them could also be BIPS invoices, as you can generate "hosted" invoices directly without the needs for web server, eCommerce database system etc. and the likes.

See more at https://bips.me/invoices

Where you are able to create Invoices, Recurring invoices, set the TAX on individually items, overall, which currency to use for invoicing the client and much more.


A live converstion would be easier to discuss but many bitcoin companies seem to prefer forums and e-mail which is not how I communicate in the building industry .

Correct, we have tried our best to focus on providing quick support via our help desk, https://helpdesk.bips.me/ hence our live support phone number is undermanned. However if you call BIPS bitcoin enterprise solution phone number displayed on the website, and stay long enough on the line (its toll free) sooner or later it will switch and forward the call directly to me. I try to attend single handed the best I can to each and every call coming in on this number.

overunity
Full Member
***
Offline Offline

Activity: 198
Merit: 100



View Profile
October 11, 2013, 04:32:19 PM
 #37

As I understand it so far, the issue at hand was bank integration, so that you could exchange bitcoin instantly to money in your bank, if we can find out what your UK bank likes to call SWIFT or BIC. We are one step closer to our final goal of making bitcoin perfectly simple.

The other way round is my first hurdle .

I wanted to test the waters with a small payment using your platform .

I click Buy bitcoins .

Asked for information I have never heard of before to verify my account before I'am allowed to purchase .

iban ?
Bic ,swift ?

I know after research that these are international details needed to transfer money internationally .
This would itself put off all my customers and would be hesitant to ask them to do this . .Especially since my bank TSB charge £10:00 per transaction .

Can I ask since London is the major financial capital of the world with virtually self regulating banks why all bitcoin companies insist on transferring gbp to eur to usd ?

I live in the Uk every transaction I complete deals with Account number and sort code .
If your platform could exchange gbp to bitcoin seamlessly with no £10 transaction fee I could attempt this .

I Live and work in Britain so do my clients I very much doubt they would be willing to enter international currency market just to pay for a small private job.

I need a simple way for them to get bitcoin like them atm machines advertised were people can simply put gbp in and get a paper ticket with the bitcoin on .That obviously isn't a reality yet .

For now my issue to overcome is getting a simple method for my customers to access bitcoins to pay me .


 
2G2BT
Newbie
*
Offline Offline

Activity: 10
Merit: 0



View Profile WWW
October 12, 2013, 11:27:31 AM
 #38

At BIPS we offer to accept and pay out in all currencies that are supported by our bank as well as holding foreign currency accounts for as many major currency accounts as possible.
GBP is next on our list to add, but this is still going to be an international transfer as only SEPA offer next to instant bank transfers across borders, and that is only workable in EUR.

As both Britain and Denmark are not using the Euro as the main currency within our banking systems, conversions are almost always inevitable. However you can send GBP to us and we will load your account with bitcoin according to our conversion rate (fiat to bitcoin) less the actual bank fee.

Unfortunately many banks around the world still charge very high fees on international transfers, even if they are conducted in the local currency.
We are lucky to have a banking system with rather low banking fees and the max fee paid is equivalent to $7.5 USD with the lowest being $2.25 USD.

This is actually one of the reasons bitcoin is such a great way to pay. Once you have bitcoin, sending payments across borders becomes free or almost free.
However converting from fiat to bitcoin and vice versa will never be free unless banks across the globe decide to ditch the fees - and we know that will never happen.

Sure as a payment solution provider, we could open bank accounts all across the globe and it's quite possible we will have many local bank options in the future. That will not be free either though. Daily transfers to local clients accounts, possibly, but maintaining a bank account in a foreign country is certainly not free. Having said that, we will strive to make transfers as cheap as possible no matter where you are located in the world and are adding more options as fast as we possibly can.

As for atm machines at this point - Bitcoin usage and demand is still scattered over large areas and setting up such machines would carry a huge bill, which one way or another has to be paid. We will be back to regular bank atm fees for buying bitcoins this way and even that will take a long time before will be a reality.

Physical presence requires money - there is no way around it.

The probable best solution for your customers for now, would be to encourage them to buy bitcoin in bulk in order to spread bank transfer flat fees over a larger amount. And then use bitcoins to pay for services.
And even better for the long term, would be for them themselves to accept bitcoins as payments for goods and services and then spend the bitcoin with another supplier of goods accepting bitcoin.
Keep the circulation in bitcoin instead of converting back and forth to fiat. As much as possible!
overunity
Full Member
***
Offline Offline

Activity: 198
Merit: 100



View Profile
October 12, 2013, 04:59:08 PM
 #39


Thank you very handy link .

I still couldn't fill the form in even with all them codes .

My bank used to be Lloyds TSB .
It is now TSB and I cannot see any codes for them .
There are codes for about 6 different LTSB  so I would not know which one to use .

Thank you for the info though I will contact my bank again to see if I can get any joy
bernard75
Legendary
*
Offline Offline

Activity: 1316
Merit: 1003



View Profile
October 12, 2013, 05:05:09 PM
 #40

Some banks fail to comply with regulations in effect since 2009, but until February 2014 all must have them and stop ripping their customers off(i mean more than they do anyways).
overunity
Full Member
***
Offline Offline

Activity: 198
Merit: 100



View Profile
October 12, 2013, 05:13:31 PM
 #41

At BIPS we offer to accept and pay out in all currencies that are supported by our bank as well as holding foreign currency accounts for as many major currency accounts as possible.
GBP is next on our list to add, but this is still going to be an international transfer as only SEPA offer next to instant bank transfers across borders, and that is only workable in EUR.

As both Britain and Denmark are not using the Euro as the main currency within our banking systems, conversions are almost always inevitable. However you can send GBP to us and we will load your account with bitcoin according to our conversion rate (fiat to bitcoin) less the actual bank fee.

Unfortunately many banks around the world still charge very high fees on international transfers, even if they are conducted in the local currency.
We are lucky to have a banking system with rather low banking fees and the max fee paid is equivalent to $7.5 USD with the lowest being $2.25 USD.

This is actually one of the reasons bitcoin is such a great way to pay. Once you have bitcoin, sending payments across borders becomes free or almost free.
However converting from fiat to bitcoin and vice versa will never be free unless banks across the globe decide to ditch the fees - and we know that will never happen.

Sure as a payment solution provider, we could open bank accounts all across the globe and it's quite possible we will have many local bank options in the future. That will not be free either though. Daily transfers to local clients accounts, possibly, but maintaining a bank account in a foreign country is certainly not free. Having said that, we will strive to make transfers as cheap as possible no matter where you are located in the world and are adding more options as fast as we possibly can.

As for atm machines at this point - Bitcoin usage and demand is still scattered over large areas and setting up such machines would carry a huge bill, which one way or another has to be paid. We will be back to regular bank atm fees for buying bitcoins this way and even that will take a long time before will be a reality.

Physical presence requires money - there is no way around it.


The probable best solution for your customers for now, would be to encourage them to buy bitcoin in bulk in order to spread bank transfer flat fees over a larger amount. And then use bitcoins to pay for services.
And even better for the long term, would be for them themselves to accept bitcoins as payments for goods and services and then spend the bitcoin with another supplier of goods accepting bitcoin.
Keep the circulation in bitcoin instead of converting back and forth to fiat. As much as possible!

Thank you for  the explanation .
I think we agree that until people can simply transfer currency into bitcoin easily(maybe never) we are at a dead end as people just will opt to pay cash ,why should they bother ? ,I cannot at the moment give them a good reason .
For now bitcoin's  use is as online cash for digital goods I'am struggling to envisage the future for bitcoin in the current physical services economy .
May be it will gather momentum as a store of value and protection mechanism against the possible failure or re-evaluation of fiat currency but it seems to have very limited use in the real economy due to it's restrictions
2G2BT
Newbie
*
Offline Offline

Activity: 10
Merit: 0



View Profile WWW
October 12, 2013, 05:24:35 PM
 #42


Thank you very handy link .

I still couldn't fill the form in even with all them codes .

My bank used to be Lloyds TSB .
It is now TSB and I cannot see any codes for them .
There are codes for about 6 different LTSB  so I would not know which one to use .

Thank you for the info though I will contact my bank again to see if I can get any joy

I just went to TSBs homepage and used their ask a question feature - entered Swift code and got this respeonse:
Quote
We no longer issue SWIFT codes; to make a payment to your account from overseas you will require your BIC code and IBAN number.

You can find your BIC (Branch Identifier Code) and your International Bank Account Number (IBAN) on the top of your paper statements.

And yes at the moment bitcoin is still in a building phase - in which we are all a part of - the best incentive at this point for most, is that they avoid high costs in credit card fees as more and more are placing the extra cost on the customers as well as more and more restrictions on what cards you can use.
Hope that helps!
assortmentofsorts
Member
**
Offline Offline

Activity: 91
Merit: 10



View Profile
October 26, 2013, 06:26:55 PM
 #43

Update: BIPS node.js library updated to v0.7.0. Added rates API along with convenience methods: https://github.com/shripadk/bips

If you want to tip: BTC 1KbjTUEfcziwMv7BMXcjmvNAKEpTJbZCsF
System
Newbie
*
Offline Offline

Activity: 18
Merit: 0



View Profile
October 31, 2013, 07:44:24 AM
 #44

BIPS to Offer 40,000+ Merchants Using Bigcommerce the Option to Accept Payments in Bitcoin
https://bitcointalk.org/index.php?topic=314966.0
System
Newbie
*
Offline Offline

Activity: 18
Merit: 0



View Profile
October 31, 2013, 07:47:13 AM
 #45

70,000+ Merchants Using Shopify Can Now Accept Payments in Bitcoin
https://bitcointalk.org/index.php?topic=319395.0
System
Newbie
*
Offline Offline

Activity: 18
Merit: 0



View Profile
October 31, 2013, 07:49:04 AM
 #46

Founder & CEO of BIPS, Kris Henriksen Talks About Bitcoin Payments In Europe
https://bitcointalk.org/index.php?topic=320542.0
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 04, 2013, 09:26:56 PM
 #47

ninjaboon
Legendary
*
Offline Offline

Activity: 2086
Merit: 1002



View Profile WWW
November 05, 2013, 12:16:56 AM
 #48

new staff POS app looks cool.

Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 07, 2013, 03:37:08 PM
 #49

Thanks, we worked hard on it.
PaulC2K
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
November 11, 2013, 05:45:19 PM
 #50

Is there anyone who has used their API with php who would be able to explain to me how to take their example and actually get something to present itself on a page.

I've tried the example:
Code:
$ch = curl_init();
curl_setopt_array($ch, array(
CURLOPT_URL => 'https://bips.me/api/v1/sendto',
CURLOPT_USERPWD => 'apikey',
CURLOPT_POSTFIELDS => 'amount=1&to=1AGRQLxMmYEbBCGHaTEanSLXZnfzsGVTDF',
CURLOPT_RETURNTRANSFER => true,
CURLOPT_HTTPAUTH => CURLAUTH_BASIC));
curl_exec($ch);
curl_close($ch);
while using my 'sendto' API key, and i just get an empty page.

I basically need to be able to build something similar to their first screenshot example, the embedded invoice, for a shopping cart type setup. I can cope with the contents of the users order, and calculating a total, however unless i can figure out how to present the user with a payment system for that order im not going anywhere.

Can someone assist me with just the information which would turn the above into a payment processing screen for the 1btc to '1AGRQLxMmYEbBCGHaTEanSLXZnfzsGVTDF', no additional info, just display the screen asking me to send funds to the address to complete the purchase. I should be able to figure out how to send the actual info i need myself, but its all pointless if i cant understand why the example doesnt work as its provided, something else must be needed surely?
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 11, 2013, 05:55:57 PM
 #51

Hi, you will have to grep the output from curl_exec in a JSON decoded object like below:

Code:
$output = json_decode(curl_exec($ch));

This will give you a stdClass object.

Code:
{
"status": "success",
"txid": "the transaction id"
}

Access this object in PHP:

Code:
print $output->status;
print $output->txid;
Sztef89
Member
**
Offline Offline

Activity: 72
Merit: 10


Bitcoin maniac ;)


View Profile
November 11, 2013, 06:55:35 PM
 #52

Please help:

https://bips.me/merchant/test

POST parametres:
ipn: http://www.example.com
secret: secretpassword

Response:

SECRET NOT DEFINED

Beer: 16NGGxmChWfC6LWzd3txZBf6jrBeVoMZpF
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 11, 2013, 06:59:45 PM
 #53

Hi, have you clicked Save Changes after writing in your Secret?
PaulC2K
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
November 11, 2013, 07:09:16 PM
 #54

Hi, you will have to grep the output from curl_exec in a JSON decoded object like below:

Code:
$output = json_decode(curl_exec($ch));

This will give you a stdClass object.

Code:
{
"status": "success",
"txid": "the transaction id"
}

Access this object in PHP:

Code:
print $output->status;
print $output->txid;

Hmm, thats a tiny bit of progress in terms of getting information. All i get from $output is stdClass Object ( [status] => Insufficient funds )

There are no funds, but then i wasnt aware i was asking it to tell me about the funds, i'd assumed i was trying to send 1btc to the address.

What im looking for is this:
https://ie.bips.me/includes/embedded.png
The contents of the iframe which will process the payment using the settings defined within the example code. What am i missing?

I assumed the invoice example is used to issue someone an agreed invoice, or is this what your calling the standard payment processing system? Im basically looking for something to process the payment from a shopping cart, as shown in the above image, so the total cost of the transaction and the information for it would be based on the users decisions. From what i can tell, the 'invoice' area isnt for this, and i'd assumed the invoice example tied to the issuing of invoices.
Sztef89
Member
**
Offline Offline

Activity: 72
Merit: 10


Bitcoin maniac ;)


View Profile
November 11, 2013, 08:00:24 PM
 #55

Hi, have you clicked Save Changes after writing in your Secret?

Nope Smiley thank you, its ok now Smiley

Beer: 16NGGxmChWfC6LWzd3txZBf6jrBeVoMZpF
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 11, 2013, 08:32:36 PM
 #56

#PaulC2K that is BIPS Invoice, you will utilize the Invoice API for creating those.

See more here, https://bips.me/connect/BitcoinInternetPaymentSystemAPI.pdf
PaulC2K
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
November 11, 2013, 08:59:26 PM
 #57

#PaulC2K that is BIPS Invoice, you will utilize the Invoice API for creating those.

See more here, https://bips.me/connect/BitcoinInternetPaymentSystemAPI.pdf

Hi Kris,

Thanks for clarifying that, i'd made the assumption based on what i'd seen within the invoice section of the site and it felt to me like this would be a merchant side invoicing solution, maybe it is, but the invoice API doesnt follow that same approach. i think when i tried just using the example info with my API it told me there wasnt an invoice, or it was an invalid invoice or something, so that just seemed to confirm it was something where you'd issue an invoice and the API would then process it.

I'll see what i can make of the pdf and a bit of time trying stuff, im in a bit of a hurry because having just set up the basics with Bitpay im rather unimpressed, not entirely sure BIPS is better on those aspects, but im unimpressed enough to try it.

Paul
PaulC2K
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
November 11, 2013, 11:24:04 PM
 #58

Kris, i've just quickly thrown something together and im actually getting something now Grin, however it doesnt appear to be quite the same as the image advertised. I set the iframe to 640x260 as implied on the API page, but ended up having to adjust that to 640x420 to get everything in, with around 110px of nothing at the top, and there doesnt appear to be any 'valid' timer.
Is this something which needs to be implemented within a cURL options? There doesnt seem to be much covered in the pdf.
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 12, 2013, 12:36:38 AM
 #59

It will fit in 640x260 with room to spare, but I think you are not showing the iframe version, the iframe version will only show when you append /iframe to the end of the Invoice URL received back from the Invoice API.

You will have to enable the timer in your BIPS merchant account. Simply select the check box called "Convert bitcoins and transfer to my bank account", this will enable the timer, so customers are required to pay within 15 minutes for BIPS to guarantee the rate for a merchant.
PaulC2K
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
November 12, 2013, 01:51:53 AM
 #60

It will fit in 640x260 with room to spare, but I think you are not showing the iframe version, the iframe version will only show when you append /iframe to the end of the Invoice URL received back from the Invoice API.

You will have to enable the timer in your BIPS merchant account. Simply select the check box called "Convert bitcoins and transfer to my bank account", this will enable the timer, so customers are required to pay within 15 minutes for BIPS to guarantee the rate for a merchant.

I've got the timer enabled, not quite how i'd have wanted it to be honest, i'm calculating the btc price based on its current value, so if i want $500 in BTC then i'd ask for 1.23btc, but in 10min it could be 2.34btc, and i asked for $500 in btc.
That said, if i accept the payment in USD, do you require a bank account on record, or can i hold currency then when im ready place a BTC buy order and transfer the BTC to another wallet? Bitpay dont give me that option, which is one of the main reasons im seeking an alternative. I've looked in the buy/sell area and im not entirely sure if ewallet means btc wallet, but being able to convert to fiat then back to BTC when im ready, is what im looking for.


The iframe issue, are you saying i need to use CURLOPT_URL => 'https://bips.me/api/v1/invoice/iframe', in order to enable it, as there doesnt appear to be any difference when i use that, theres still a 110px space at the top.

Essentially, what i have is this:
Code:
<iframe src ="http://domain.com/invoice.php" width="640" height="420" scrolling="no" frameborder="0"></iframe>
Code:
$ch = curl_init();
curl_setopt_array($ch, array(
CURLOPT_URL => 'https://bips.me/api/v1/invoice/iframe',
CURLOPT_USERPWD => 'apikey',
CURLOPT_POSTFIELDS => 'price=100&currency=USD',
CURLOPT_RETURNTRANSFER => true,
CURLOPT_HTTPAUTH => CURLAUTH_BASIC));
header('Location: ' . curl_exec($ch));
curl_close($ch);

Infact, just viewing the invoice.php file, that takes me to your site and theres a great big empty space at the top. Looking at the code, theres 3x <br> in there, but i guess thats because im not doing what your suggesting, i just cant understand how else i'd do it from what you've said.
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 12, 2013, 02:22:17 AM
 #61

Code:
$ch = curl_init();
curl_setopt_array($ch, array(
CURLOPT_URL => 'https://bips.me/api/v1/invoice',
CURLOPT_USERPWD => 'apikey',
CURLOPT_POSTFIELDS => 'price=100&currency=USD&item=TEST&custom=' . json_encode(array('order_id' => '1')),
CURLOPT_RETURNTRANSFER => true,
CURLOPT_HTTPAUTH => CURLAUTH_BASIC));
$url = curl_exec($ch);
curl_close($ch);
header('Location: ' . $url . '/iframe');
PaulC2K
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
November 12, 2013, 04:47:59 AM
 #62

Thanks for that Kris, thats spot on.
I also appreciate you adding the additional json custom code, saves me needing to come back and ask about that if i needed such info adding.
Sadly i doubt it'll be the last you'll hear from me on the subject, but i really appreciate you taking the time to point out what im missing.

Are you able to comment on the holding of USD on the account, without a bank account being on record? If we can take payments in btc, automatically converted to USD which held on the account for a short period of time, and then place a buy order to convert it to BTC when we're ready to transfer the funds, then this service would be perfect for what we need.
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 17, 2013, 06:48:54 PM
 #63

Being DDoS, I am on it, sorry for the inconvenience.

http://www.reddit.com/r/Bitcoin/comments/1qo6cj/bips_being_ddosed/
cubicdissection
Member
**
Offline Offline

Activity: 231
Merit: 10


View Profile WWW
November 18, 2013, 08:12:30 AM
 #64

Any idea when you're gonna be back up?  I saw your Reddit post from three days ago...
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 18, 2013, 11:18:28 AM
Last edit: November 18, 2013, 02:38:00 PM by Kris
 #65

Apparently the first assumption is that the DDoS attack initiated major hardware failure, and wiped out the file system on all the servers.
http://www.reddit.com/r/Bitcoin/comments/1qo6cj/bips_being_ddosed/

Status:
We are propagating new servers and restoring backup onto those now.
Current estimate for online status is within the hour. We are waiting on the blockchain to download for our bitcoind's

Our Contingency Planning and Disaster Recovery Plan:

Our future contingency planning will include backing up the blockchain for better risk management like in this case, where it has catastrophic consequences that we are not able to deploy backup within minutes, but have to wait 5 - 9 hours for the blockchain to download. (we are at "blocks" : 269439)

Personally I am sorry for any inconvenience, this might cause.
lenny_
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


DARKNETMARKETS.COM


View Profile WWW
November 18, 2013, 01:30:04 PM
 #66

Quote
Current estimate for online status is within the hour

Hey Kris, it was 2 hours ago, any news when website will be back online?

Regards,
Lenny

DARKNET MARKETS >> https://DARKNETMARKETS.COM
cointraffic
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
November 18, 2013, 02:45:07 PM
 #67

Are you guys still down or are VPN-service IPs blocked due to stricter cloudflare settings?
TheRandomGuy
Full Member
***
Offline Offline

Activity: 162
Merit: 100


View Profile
November 18, 2013, 03:28:43 PM
 #68

Still down. Sad

BTC: 1wbGAAabrsu8pjVXWUQvjUUhe18e721K2
FAUCET ROTATOR SCRIPT
TheRandomGuy
Full Member
***
Offline Offline

Activity: 162
Merit: 100


View Profile
November 18, 2013, 04:28:27 PM
 #69

Yay! It's back up! :3  Smiley

BTC: 1wbGAAabrsu8pjVXWUQvjUUhe18e721K2
FAUCET ROTATOR SCRIPT
Sztef89
Member
**
Offline Offline

Activity: 72
Merit: 10


Bitcoin maniac ;)


View Profile
November 18, 2013, 09:56:13 PM
 #70

Yay! It's back up! :3  Smiley

Nope Sad just homepage

Beer: 16NGGxmChWfC6LWzd3txZBf6jrBeVoMZpF
TheRandomGuy
Full Member
***
Offline Offline

Activity: 162
Merit: 100


View Profile
November 19, 2013, 01:23:09 AM
 #71

Yay! It's back up! :3  Smiley

Nope Sad just homepage

Ahhh. You are right.

BTC: 1wbGAAabrsu8pjVXWUQvjUUhe18e721K2
FAUCET ROTATOR SCRIPT
assortmentofsorts
Member
**
Offline Offline

Activity: 91
Merit: 10



View Profile
November 19, 2013, 10:34:01 AM
 #72

Apparently the first assumption is that the DDoS attack initiated major hardware failure, and wiped out the file system on all the servers.
http://www.reddit.com/r/Bitcoin/comments/1qo6cj/bips_being_ddosed/

Status:
We are propagating new servers and restoring backup onto those now.
Current estimate for online status is within the hour. We are waiting on the blockchain to download for our bitcoind's

Our Contingency Planning and Disaster Recovery Plan:

Our future contingency planning will include backing up the blockchain for better risk management like in this case, where it has catastrophic consequences that we are not able to deploy backup within minutes, but have to wait 5 - 9 hours for the blockchain to download. (we are at "blocks" : 269439)

Personally I am sorry for any inconvenience, this might cause.

Hey Kris, any updates? Smiley

If you want to tip: BTC 1KbjTUEfcziwMv7BMXcjmvNAKEpTJbZCsF
Sztef89
Member
**
Offline Offline

Activity: 72
Merit: 10


Bitcoin maniac ;)


View Profile
November 19, 2013, 03:03:06 PM
 #73

Apparently the first assumption is that the DDoS attack initiated major hardware failure, and wiped out the file system on all the servers.
http://www.reddit.com/r/Bitcoin/comments/1qo6cj/bips_being_ddosed/

Status:
We are propagating new servers and restoring backup onto those now.
Current estimate for online status is within the hour. We are waiting on the blockchain to download for our bitcoind's

Our Contingency Planning and Disaster Recovery Plan:

Our future contingency planning will include backing up the blockchain for better risk management like in this case, where it has catastrophic consequences that we are not able to deploy backup within minutes, but have to wait 5 - 9 hours for the blockchain to download. (we are at "blocks" : 269439)

Personally I am sorry for any inconvenience, this might cause.

Hey Kris, any updates? Smiley

??

Beer: 16NGGxmChWfC6LWzd3txZBf6jrBeVoMZpF
cubicdissection
Member
**
Offline Offline

Activity: 231
Merit: 10


View Profile WWW
November 19, 2013, 03:43:10 PM
 #74

Would also like an update.  This has been a very long outage during a period when I'm sure a lot of us would like to be able to access our coins.
TookDk
Legendary
*
Offline Offline

Activity: 1862
Merit: 1055


One coin to rule them all


View Profile WWW
November 19, 2013, 10:51:37 PM
 #75

I have full understanding for system breakdowns and it takes some time to get em online.
But I have to criticize BIPS for the lack of information, a small status update once in a while would be highly appreciated, I believe the homepage had one with the last 24 hours.
I have so far not read "Your coins are safe", am I the only one with this concern? 

Cryptography is one of the few things you can truly trust.
Sztef89
Member
**
Offline Offline

Activity: 72
Merit: 10


Bitcoin maniac ;)


View Profile
November 19, 2013, 10:53:33 PM
Last edit: November 19, 2013, 11:15:51 PM by Sztef89
 #76

I have full understanding for system breakdowns and it takes some time to get em online.
But I have to criticize BIPS for the lack of information, a small status update once in a while would be highly appreciated, I believe the homepage had one with the last 24 hours.
I have so far not read "Your coins are safe", am I the only one with this concern?  

+1

You not only one ! :/

Update: 19 November, 9:55pm — Merchant Processing restored. Buy / Sell restored.

login doesn't work... "Error 50x"

Beer: 16NGGxmChWfC6LWzd3txZBf6jrBeVoMZpF
TookDk
Legendary
*
Offline Offline

Activity: 1862
Merit: 1055


One coin to rule them all


View Profile WWW
November 19, 2013, 11:21:16 PM
 #77

I was able to login just now, however my balance is not showed anywhere.

Cryptography is one of the few things you can truly trust.
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 19, 2013, 11:23:41 PM
Last edit: November 26, 2013, 09:49:45 PM by Kris
 #78

Statement from BIPS, November 19th 2013.
 
On November 15th BIPS was the target of a massive DDoS attack, which is now believed to have been the initial preparation for a subsequent attack on November 17th that overloaded our managed switches and disconnected the iSCSI connection to the SAN on BIPS servers. Once executed; overloaded our managed switches and disconnected the iSCSI connection to the SAN on BIPS servers.
Regrettably, despite several layers of protection, the attack caused vulnerability to the system, which has then enabled the attacker/s to gain access and compromise several wallets.
 
At this point all wallet functions have been disabled in order to conduct a full investigation and audit. BIPS will be contacting compromised wallet owners individually.

BIPS will also be contacting merchants who have not enabled automatic conversion of bitcoin.
 
Merchant processing functionality and buy/sell has been re-enabled.

 
BIPS help desk system is currently not accessible and will not be re-enabled until an alternative hosting solution has been arranged for this. In the mean time, support is reachable via email to support(at)bips(dot)me. Previously submitted tickets need to be resubmitted via email. Please be patient and allow 24-72 hours to receive a reply.
assortmentofsorts
Member
**
Offline Offline

Activity: 91
Merit: 10



View Profile
November 19, 2013, 11:49:13 PM
 #79

Statement from BIPS, November 19th 2013.
 
On November 15th BIPS was the target of a massive DDoS attack, which is now believed to have been the initial preparation for a subsequent attack on November 17th that overloaded our managed switches and disconnected the iSCSI connection to the SAN on BIPS servers.
Regrettably, despite several layers of protection, the attack caused vulnerability to the system, which has then enabled the attacker/s to gain access and compromise several wallets.
 
At this point all wallet functions have been disabled in order to conduct a full investigation and audit. BIPS will be contacting compromised wallet owners individually.

BIPS will also be contacting merchants who have not enabled automatic conversion of bitcoin.
 
Merchant processing functionality and buy/sell has been re-enabled.

 
BIPS help desk system is currently not accessible and will not be re-enabled until an alternative hosting solution has been arranged for this. In the mean time, support is reachable via email to support(at)bips(dot)me. Previously submitted tickets need to be resubmitted via email. Please be patient and allow 24-72 hours to receive a reply.


Hey Kris. I had 3.3+ BTC sitting in the wallet. Should I send you an email at support(at)bips(dot)me? How should those of us who had some BTC in the wallet proceed?


If you want to tip: BTC 1KbjTUEfcziwMv7BMXcjmvNAKEpTJbZCsF
assortmentofsorts
Member
**
Offline Offline

Activity: 91
Merit: 10



View Profile
November 21, 2013, 02:02:41 AM
 #80

Kris any updates??? Its unusually quiet on BIPS end.... getting me worried!

If you want to tip: BTC 1KbjTUEfcziwMv7BMXcjmvNAKEpTJbZCsF
assortmentofsorts
Member
**
Offline Offline

Activity: 91
Merit: 10



View Profile
November 21, 2013, 03:34:08 AM
 #81

So, just logged into my account and seen that all transactions are gone as well as invoices and some btc...
What is going on?

No idea. Sent a mail yester to the support address. No reply yet Sad

If you want to tip: BTC 1KbjTUEfcziwMv7BMXcjmvNAKEpTJbZCsF
TookDk
Legendary
*
Offline Offline

Activity: 1862
Merit: 1055


One coin to rule them all


View Profile WWW
November 21, 2013, 08:16:51 AM
 #82

I would really like some information too - its ridiculous.   Angry

Cryptography is one of the few things you can truly trust.
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 21, 2013, 03:13:56 PM
 #83

We are working 24/7 to re-establish all core functionalities, including our support helpdesk, which will be available very soon to enable global communication.
So far updates are and have been available on https://bips.me/press
https://bitcointalk.org/index.php?topic=252308.msg3645043#msg3645043
cubicdissection
Member
**
Offline Offline

Activity: 231
Merit: 10


View Profile WWW
November 21, 2013, 05:05:19 PM
 #84

Kris, it's nice to hear you are working 24/7.  That said, it's been days since we have been able to access our balances, all during a period of great volatility. 

The information that some wallets were compromised is alarming.  Combined with the vague communications, I think you can see why we're worried.

Perhaps you could take a couple moments to comment on how many wallets were compromised (a handful? most of them?) and how your company plans to make whole those who lost what they entrusted you with.
allincoin
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
November 22, 2013, 12:49:44 AM
 #85

agreed very vague...  Now that I can post outside of the "Newbie Area"   I'll link in the thread I started over there...  

https://bitcointalk.org/index.php?topic=341682.0


Are BIPS Wallet Holders going to be TradeFortress'd?
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 22, 2013, 11:50:08 AM
 #86

System status as of 22 November 12:45pm - Help Desk Restored. https://helpdesk.bips.me/
Kris
Donator
Hero Member
*
Offline Offline

Activity: 640
Merit: 500


View Profile
November 22, 2013, 02:41:22 PM
 #87

It is imperative to understand that everything was wiped out from our servers and getting functionality back is priority #1.
The wallet part of BIPS was a free service to make payments easier for users.
Web Wallets are like a regular wallet that you carry cash in and not meant to keep large amounts in.
Hence we offered a paper wallet as a cold storage alternative for those who wanted a safe storage solution.
We will be contacting all affected users as already proclaimed.
We will need their consent to hand over information to the authorities for further investigation, which hopefully can assist in catching the thief.
Those who were not affected and have a bitcoin balance will also be contacted.
Most balances left are minuscule, but if you had more than a few satoshi’s in your wallet you are affected, and will be contacted.

Another priority is doing forensics data recovery to be able to investigate and assist authorities in finding the attacker.
Technical information will not be disclosed for security reasons.

Stolen coins have been isolated and server logs have been retrieved from data recovery:
https://blockchain.info/address/1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs

Please be advised that attacks are not isolated to us and if you are storing larger amounts of coins with any third party you may want to find alternative storage solutions as soon as possible, preferably cold storage if you do not need immediate access to those coins:
www.coindesk.com/hacker-attack-polands-bitcoin-exchange/
www.coindesk.com/czech-bitcoin-exchange-bitcash-cz-hacked-4000-user-wallets-emptied/
bernard75
Legendary
*
Offline Offline

Activity: 1316
Merit: 1003



View Profile
November 22, 2013, 03:26:45 PM
 #88

It is imperative to understand that everything was wiped out from our servers and getting functionality back is priority #1.
The wallet part of BIPS was a free service to make payments easier for users.
Web Wallets are like a regular wallet that you carry cash in and not meant to keep large amounts in.
Hence we offered a paper wallet as a cold storage alternative for those who wanted a safe storage solution.
We will be contacting all affected users as already proclaimed.
We will need their consent to hand over information to the authorities for further investigation, which hopefully can assist in catching the thief.
Those who were not affected and have a bitcoin balance will also be contacted.
Most balances left are minuscule, but if you had more than a few satoshi’s in your wallet you are affected, and will be contacted.

Another priority is doing forensics data recovery to be able to investigate and assist authorities in finding the attacker.
Technical information will not be disclosed for security reasons.

Stolen coins have been isolated and server logs have been retrieved from data recovery:
https://blockchain.info/address/1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs

Please be advised that attacks are not isolated to us and if you are storing larger amounts of coins with any third party you may want to find alternative storage solutions as soon as possible, preferably cold storage if you do not need immediate access to those coins:
www.coindesk.com/hacker-attack-polands-bitcoin-exchange/
www.coindesk.com/czech-bitcoin-exchange-bitcash-cz-hacked-4000-user-wallets-emptied/

Those werent exactly well established players in the bitcoin industry...
cubicdissection
Member
**
Offline Offline

Activity: 231
Merit: 10


View Profile WWW
November 22, 2013, 04:30:47 PM
 #89

It is imperative to understand that everything was wiped out from our servers and getting functionality back is priority #1.

Maybe to YOU.  MY #1 priority is you getting my BTC back! 


The wallet part of BIPS was a free service to make payments easier for users.
Web Wallets are like a regular wallet that you carry cash in and not meant to keep large amounts in.

You never said that before you lost my BTC.  As someone who pursues and gets merchants to sign up for your service, you surely realize that many if not most of them are not well versed in Bitcoin.  At NO point did you EVER say hey you shouldn't keep your BTC with us.  In fact, your website said:
Your data is secure at BIPS
BIPS was built by passionate bitcoiners and talented developers. BIPS is hosted in our private server facilities. Passwords are stored with a double salted SHA-512 hashing algorithm. Our entire website is protected with AES RIJNDAEL 256 encryption and we have encryption of data traffic with 2048-bit, highest assurance Extended Validation SSL certificate, with 99.9% Browser Recognition.
Bitcoin Security
BIPS protects your payment information with industry-leading security and fraud protection.
On top of this, our server/database is regularly stored on tape backups. For added security you can also enable Secure Card and Google Authenticator at any time for up to 3 levels of authentication.


So yeah, I felt pretty goddamn secure leaving my BTC balance there.


Those who were not affected and have a bitcoin balance will also be contacted.
Most balances left are minuscule, but if you had more than a few satoshi’s in your wallet you are affected, and will be contacted.

So basically ALL balances are gone?  Why don't you speak in plain english and quit giving us the runaround?  Because it makes me think you're a liar and have something to hide.


Technical information will not be disclosed for security reasons.

Wrong.  You need to convince me and others you didn't simply transfer out the funds yourself.  Given the silence, poor communication, delays etc you are not looking very trustworthy.   If you think people are going to simply take your word for it and walk away from thousands of BTC you're dead wrong.
TheRandomGuy
Full Member
***
Offline Offline

Activity: 162
Merit: 100


View Profile
November 22, 2013, 07:39:46 PM
 #90

Welp. I'm gonna start using software wallets again.

Nice using ya guys.  Grin

BTC: 1wbGAAabrsu8pjVXWUQvjUUhe18e721K2
FAUCET ROTATOR SCRIPT
dantes
Newbie
*
Offline Offline

Activity: 9
Merit: 0


View Profile
November 22, 2013, 07:57:41 PM
 #91

This is terrible.  And all the comments here are on target.  Communication from BIPS is terrible. 

First priority is getting the BTC back. 

BIPS has no future unless the BTC come back so there is no point working 24/7 to re-establish anything else.
allincoin
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
November 22, 2013, 09:17:30 PM
 #92

Agreed with all the comments just made...
ghengis34
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
November 23, 2013, 05:41:23 PM
 #93

I think I lost more than anyone else -- 90 BTC.

Anyone else who lost a significant amount, please sign up here:

https://docs.google.com/forms/d/1v8AL3scMErzSLPRSOhGuGXn9pzHjWNTrSE2YWEQIpxs/viewform

If there are enough of us, it will be a negotiating block, to try to settle this on fair terms for everyone.

On one side, bitcoin is the wild west, and I really doubt this was intentional on the part of bips.me -- just probably overconfidence to run a wallet service without proper security.

But on the other side, I don't think anyone will be happy if bips.me continues on as a viable business without some kind of compensation for (former) wallet holders.

It's really important that - unless you have very good evidence - that nobody make wild accusations about fraud or internal theft or anything like that. If you do that, you will open yourself up to a lawsuit from bips.me for libel. (At least that's how it would work in the USA.) And it's just not fair or ethical to accuse anyone of something for which you have no evidence.

I do however think it's reasonable, fair, and legal for the affected individuals to get together and try to negotiate as a group for some kind of compensation.

Also -- I did finally hear back from the help desk, who asked for my phone number. But nothing concrete. My guess is that basically everything was stolen they are scrambling to see if they can come up with some kind of compensation package. But that's just a guess and I could be proven wrong.






Dadio202
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
November 23, 2013, 06:52:57 PM
 #94

Hi ghengis. I have signed up to your form. Your comments are spot on. Glad to hear you at least heard back from them, hope i do as well. I lost 4.8 btc and also sent them £500 to purchase more. They didn't use the £s so I presume they still have them, hope their bank wasn't compromised as well.
Sztef89
Member
**
Offline Offline

Activity: 72
Merit: 10


Bitcoin maniac ;)


View Profile
November 23, 2013, 06:58:49 PM
 #95

I lost about 0.9 BTC

Beer: 16NGGxmChWfC6LWzd3txZBf6jrBeVoMZpF
btcven
Hero Member
*****
Offline Offline

Activity: 716
Merit: 500


Bitcoin Venezuela


View Profile WWW
November 23, 2013, 08:31:30 PM
 #96

Who the hell puts 90 BTC in a web wallet? I had ~0.13 BTC there and I'm waiting to get it back as I think BIPS is a little bit trustworthy. But I can also learn to finally switch out from web wallets, get an Android and install Electrum on it instead of using web wallet even for cents.

Admin: rdymac (PGP) | contacto@bitcoinvenezuela.com | @cafebitcoin | Electrum, lightweight bitcoin client
If I've been helpful tip me a coffee! Cheesy1rdymachKZpA9pTYHYHMYZjfjnoBW6B3k Bitrated user: rdymac.
cubicdissection
Member
**
Offline Offline

Activity: 231
Merit: 10


View Profile WWW
November 24, 2013, 07:48:59 AM
 #97

Who the hell puts 90 BTC in a web wallet?

Merchants do.  The people who are concerned with running a business and don't have the time to spend hours upon hours pouring over the arcane intricacies of cryptocurrencies.  The people who put their heart, soul and product out there on a very risky newfangled thing called Bitcoin.  The people who you need to move this whole circus forward into the mainstream.  So maybe a little less derision?  Put yourself into their shoes?
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756
Merit: 522



View Profile
November 24, 2013, 04:56:23 PM
 #98

It is imperative to understand that everything was wiped out from our servers and getting functionality back is priority #1.
The wallet part of BIPS was a free service to make payments easier for users.
Web Wallets are like a regular wallet that you carry cash in and not meant to keep large amounts in.
Hence we offered a paper wallet as a cold storage alternative for those who wanted a safe storage solution.
We will be contacting all affected users as already proclaimed.
We will need their consent to hand over information to the authorities for further investigation, which hopefully can assist in catching the thief.
Those who were not affected and have a bitcoin balance will also be contacted.
Most balances left are minuscule, but if you had more than a few satoshi’s in your wallet you are affected, and will be contacted.

Another priority is doing forensics data recovery to be able to investigate and assist authorities in finding the attacker.
Technical information will not be disclosed for security reasons.

Stolen coins have been isolated and server logs have been retrieved from data recovery:
https://blockchain.info/address/1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs

Please be advised that attacks are not isolated to us and if you are storing larger amounts of coins with any third party you may want to find alternative storage solutions as soon as possible, preferably cold storage if you do not need immediate access to those coins:
www.coindesk.com/hacker-attack-polands-bitcoin-exchange/
www.coindesk.com/czech-bitcoin-exchange-bitcash-cz-hacked-4000-user-wallets-emptied/

Those werent exactly well established players in the bitcoin industry...

Just like this piece of shit.

This is your reminder, fuckwits:

Quote
Problem 4 : Permeating all the foregoing and sufficiently so to become a problem in its own right is the incredible arrogance of the recently liberated corporate slavebois working as independent coders. Seriously, start working on the BTC securities trade system of the future without ever having worked for MPEx, without having humbly presented your inept ideas to the most grandiose master Mircea Popescu (ie, me), without anything like that ? O, why, because you’re a special little trainflake of brilliance and genius who can ? Really ?

1. Learn the pecking order. All opinions are not equal. Some people are to be respected. Learn who. Some people are irrelevant and easily ignored. Learn who. More importantly than the who, learn why. Is it just because "everyone else seems to think so"? That's no good, forget it. Is it because they were right when everyone else was wrong? That's perfect, especially if it occurs with any sort of consistency.

Quote
The story of Pointless and Witless

One day the woodchipper was invented. Thenceforth :

Pointless : Don’t put your hand in the woodchipper.
 Witless #n : Stop trying to deny people their woodchipper access which is a god given right god dangit!

Witless #n falls into the woodchipper and dies a bloody death.

~ * ~


Pointless : If you put your hand in the woodchipper you’ll die.
 Witless #n+1 : You’re just jealous because your hands aren’t as long as mine. We’ll see who dies first!

Witless #n+1 falls into the woodchipper and dies a screaming death.

~ * ~

Pointless : Jezuz you idiots just leave the woodchipper be.
 Witless #n+2 : Why are you being so unprofessional. Also I know better.
 Pointless : Various idiots have said this before. Here’s some bloody remains.
 Witless #n+2 : This is negative PR. You do your thing and I do my thing and we’ll see who dies first!

Witless #n+2 falls into the woodchipper and dies a painful death.

~ * ~


Pointless : Hello sir. Here at BTC House no noob by woodchipper at all.
 Witless #n+k : I know what I’m doing.
 Pointless : You couldn’t possibly.
 Witless #n+k : Tell you what. You do your thing and I do my thing and we’ll see who dies first!

Witless #n+k falls into the woodchipper and dies a shocking death.

Time to get it through your thick skulls: you don't start a bitcoin business without having first been ok'd by someone. Get with the program.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
btcven
Hero Member
*****
Offline Offline

Activity: 716
Merit: 500


Bitcoin Venezuela


View Profile WWW
November 24, 2013, 07:05:04 PM
 #99

Who the hell puts 90 BTC in a web wallet?

Merchants do.  The people who are concerned with running a business and don't have the time to spend hours upon hours pouring over the arcane intricacies of cryptocurrencies.  The people who put their heart, soul and product out there on a very risky newfangled thing called Bitcoin.  The people who you need to move this whole circus forward into the mainstream.  So maybe a little less derision?  Put yourself into their shoes?

Make them use Electrum instead if they move that amount of money. Invest in a better merchant solution using more secure methods as MPK, or help making software better so web wallets are not needed.

Admin: rdymac (PGP) | contacto@bitcoinvenezuela.com | @cafebitcoin | Electrum, lightweight bitcoin client
If I've been helpful tip me a coffee! Cheesy1rdymachKZpA9pTYHYHMYZjfjnoBW6B3k Bitrated user: rdymac.
grantbdev
Sr. Member
****
Offline Offline

Activity: 292
Merit: 250



View Profile
November 24, 2013, 07:42:41 PM
 #100

So has no one got their BTC back from the BIPS wallets? Is it even worth submitting a helpdesk ticket right now?

Don't use BIPS!
allincoin
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
November 25, 2013, 02:53:40 AM
 #101

doesn't seem like bips plans to do anything except continue business as usual and pretend nothing happened
assortmentofsorts
Member
**
Offline Offline

Activity: 91
Merit: 10



View Profile
November 25, 2013, 03:56:52 AM
 #102

So has no one got their BTC back from the BIPS wallets? Is it even worth submitting a helpdesk ticket right now?

Nope. Kris isn't even replying to my messages. But he is coming online atleast twice every day. I'm absolutely disappointed with his attitude. So much for professionalism!

If you want to tip: BTC 1KbjTUEfcziwMv7BMXcjmvNAKEpTJbZCsF
assortmentofsorts
Member
**
Offline Offline

Activity: 91
Merit: 10



View Profile
November 25, 2013, 04:27:15 AM
 #103

It is imperative to understand that everything was wiped out from our servers and getting functionality back is priority #1.

It is not imperative for us to understand that getting functionality back is your priority #1.

Quote
The wallet part of BIPS was a free service to make payments easier for users.
Web Wallets are like a regular wallet that you carry cash in and not meant to keep large amounts in.

Then why did you provide this feature? The funny thing is in your Press release you are promising to bring out a "better" and more "secure" wallet in the near future. Are you planning to rob more people with this new "better" and "secure" wallet of yours?

Quote
Hence we offered a paper wallet as a cold storage alternative for those who wanted a safe storage solution.
We will be contacting all affected users as already proclaimed.
We will need their consent to hand over information to the authorities for further investigation, which hopefully can assist in catching the thief.
Those who were not affected and have a bitcoin balance will also be contacted.
Most balances left are minuscule, but if you had more than a few satoshi’s in your wallet you are affected, and will be contacted.

Another priority is doing forensics data recovery to be able to investigate and assist authorities in finding the attacker.

Quote
Technical information will not be disclosed for security reasons.

As a customer I have every right to know all the technical information involving this hack. All I have got from you is 1 graph of load spike which says nothing about the hack.

Quote
Stolen coins have been isolated and server logs have been retrieved from data recovery:
https://blockchain.info/address/1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs

Please be advised that attacks are not isolated to us and if you are storing larger amounts of coins with any third party you may want to find alternative storage solutions as soon as possible, preferably cold storage if you do not need immediate access to those coins:
www.coindesk.com/hacker-attack-polands-bitcoin-exchange/
www.coindesk.com/czech-bitcoin-exchange-bitcash-cz-hacked-4000-user-wallets-emptied/

You sound more like TradeFortress here. We don't need to be educated about alternative storage solutions. We already know about them. We store coins online for a reason. There are plenty of times where we don't have access to our offline wallets and we need money to immediately initiate a transfer. If you guys start stealing our coins by calling it a "hack" you are just contributing to ruining the bitcoin ecosystem.

I wanted to settle this issue without resorting to a rant but you have left me with no choice. You haven't yet replied to any of my messages or even on the helpdesk.

Also I digged further into BIPS activities and I realized something really surprising. It was sending some of my coins to EasyCoin (a scam site that promises to mix coins but steals users coins instead). Its unfortunate that I did not do my investigations before this and I trusted BIPS with my coins. I mean who in the right mind would send customers coins to a scam site? And why would BIPS need to do that? It already had its own coin mixing system in place.

Here is the address generated by BIPS: https://blockchain.info/address/1PGXTsbbrnXBnTgEdssRCH8Ukc57DvapcP that was used by me to deposit my coins.

The way BIPS works is that it moves the coins you deposit to its address to another collecting address. I made a deposit of 1.5BTC (transaction here: https://blockchain.info/tx/37b7e6df916b32113e9dda776d6127c0566106fcca89a750537ad27ccab11462) on 31st October 2013.

As usual it was immediately moved to another address. This time it was to 1EGm7XaUVK2iAX1TzZy4i8w7BZ9kybF59B (https://blockchain.info/tx/fcd34fecf7898c2420e7a5b36a8ffd34d5583c1a73428f63d6d64eb7639af06a) with the remaining amount returned to 14xMNNgzDtkmrPhkEZohGg3nHkPFw96hDz. Now if you inspect 14xMNNgzDtkmrPhkEZohGg3nHkPFw96hDz you'll see only 1 input and 1 output. The output is to the EasyCoin deposit address (see transaction: https://blockchain.info/tx/396d954b416c18a8034d4677e95628841b7d45324afdedbc0db43c04f16bbddf).


If you want to tip: BTC 1KbjTUEfcziwMv7BMXcjmvNAKEpTJbZCsF
daibasen
Newbie
*
Offline Offline

Activity: 30
Merit: 0


View Profile
November 25, 2013, 11:39:38 AM
 #104

Did a story about it:

Bitcoin Payment Processor BIPS Attacked, Over $1m Stolen
http://www.coindesk.com/bitcoin-payment-processor-bips-attacked-1m-stolen/
bnjmnkent
Full Member
***
Offline Offline

Activity: 196
Merit: 100


View Profile
November 25, 2013, 07:27:28 PM
Last edit: November 25, 2013, 08:25:06 PM by bnjmnkent
 #105

F* Sad
For Bitcoin and everybody involved, I hope this gets resolved properly FWIW
moderate
Member
**
Offline Offline

Activity: 98
Merit: 10

nearly dead


View Profile
November 25, 2013, 09:05:37 PM
 #106

On November 15th BIPS was the target of a massive DDoS attack,

All good so far, it happens to everyone.

which is now believed to have been the initial preparation for a subsequent attack on November 17th that overloaded our managed switches and disconnected the iSCSI connection to the SAN on BIPS servers.

huh, what ? who is the idiot that setup this network ?

Regrettably, despite several layers of protection, the attack caused vulnerability to the system, which has then enabled the attacker/s to gain access and compromise several wallets.

Wait wait wait. There is some huge step missing there, what are you omitting ? How do go you from DDoS, to network failure, to XXX, to access breach ?
Please don't get into the same territory as TF.
Pierre
Full Member
***
Offline Offline

Activity: 207
Merit: 100


View Profile
November 25, 2013, 10:08:36 PM
 #107

...attack on November 17th that overloaded our managed switches and disconnected the iSCSI connection to the SAN on BIPS servers. ... the attack caused vulnerability to the system, which has then enabled the attacker/s to gain access and compromise several wallets.

This it utter bullshit. Overloading a SAN 'caused vulnerability'? No that is nonsense. Please elaborate because this looks like BIPS is just making shit up.
allincoin
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
November 25, 2013, 10:54:43 PM
 #108

Glad there are others with enough technical knowledge to call them out if indeed thats the case...
Abdussamad
Legendary
*
Offline Offline

Activity: 3066
Merit: 1423



View Profile
November 25, 2013, 11:26:12 PM
 #109

Who the hell puts 90 BTC in a web wallet? I had ~0.13 BTC there and I'm waiting to get it back as I think BIPS is a little bit trustworthy. But I can also learn to finally switch out from web wallets, get an Android and install Electrum on it instead of using web wallet even for cents.

Sorry to read this. I've seen you in the Electrum forums and you're always helping people. I hope you get your coins back.
cubicdissection
Member
**
Offline Offline

Activity: 231
Merit: 10


View Profile WWW
November 26, 2013, 06:31:50 AM
 #110

On November 15th BIPS was the target of a massive DDoS attack,

All good so far, it happens to everyone.

which is now believed to have been the initial preparation for a subsequent attack on November 17th that overloaded our managed switches and disconnected the iSCSI connection to the SAN on BIPS servers.

huh, what ? who is the idiot that setup this network ?

Regrettably, despite several layers of protection, the attack caused vulnerability to the system, which has then enabled the attacker/s to gain access and compromise several wallets.

Wait wait wait. There is some huge step missing there, what are you omitting ? How do go you from DDoS, to network failure, to XXX, to access breach ?
Please don't get into the same territory as TF.

Agree.  I do woodworking now but I used to be in IT. I sent this to a buddy of mine who ran pen testing for a large security corporation...I'll let you guys know what he says.
Pierre
Full Member
***
Offline Offline

Activity: 207
Merit: 100


View Profile
November 26, 2013, 09:19:41 AM
 #111

There's is definitely something fishy here. DDoS attacks don't just 'cause vulnerability' in a system. Either a very important part of the story is being left out or BIPS is making it all up. I don't see how a disconnected or overloaded iSCSI connected SAN can 'cause vulnerability' leaving their system open for hackers?

BIPS please explain.
cubicdissection
Member
**
Offline Offline

Activity: 231
Merit: 10


View Profile WWW
November 26, 2013, 09:39:26 PM
 #112

I have been in touch with Kris and while I cannot share any details, he has convinced me that he is taking this very seriously.  I retract my earlier implications that he stole the coins himself.  I'm convinced now that they were hacked, and that he is working hard to fix things and make them right.

That's all I got, but I thought I would let you guys know.  This is a shit situation for everyone  Embarrassed
bitpop
Legendary
*
Offline Offline

Activity: 2716
Merit: 1058



View Profile WWW
November 27, 2013, 01:42:33 AM
 #113

Lol what idiots use web wallets? You were warned LONG AGO by instawallet.
I only use blockchain and even left them.
At least blockchain never held your private keys unencrypted.
An attack there would only get people who log in over a time period by comprising the javascript to get the unencrypted private keys.

stormlighter
Full Member
***
Offline Offline

Activity: 152
Merit: 100


View Profile
November 27, 2013, 08:38:44 PM
 #114

"Stolen"... Thats a bunch of BS!

This is the second time the owner, Kris Henriksen, has pulled of a stunt like this!
assortmentofsorts
Member
**
Offline Offline

Activity: 91
Merit: 10



View Profile
November 27, 2013, 08:53:17 PM
 #115

"Stolen"... Thats a bunch of BS!

This is the second time the owner, Kris Henriksen, has pulled of a stunt like this!

When was the first time?

If you want to tip: BTC 1KbjTUEfcziwMv7BMXcjmvNAKEpTJbZCsF
bernard75
Legendary
*
Offline Offline

Activity: 1316
Merit: 1003



View Profile
November 27, 2013, 08:57:01 PM
 #116

"Stolen"... Thats a bunch of BS!

This is the second time the owner, Kris Henriksen, has pulled of a stunt like this!

Was it with BIPS?
stormlighter
Full Member
***
Offline Offline

Activity: 152
Merit: 100


View Profile
November 27, 2013, 09:08:18 PM
 #117

With BIPS, Kris Henriksen pulled a Inputs.io (Tradefortress) claiming ddos attacks overloaded some switches and the hackers gained access. Bitch please....
His last wallet service https://bitcointalk.org/index.php?topic=249751.new

cubicdissection
Member
**
Offline Offline

Activity: 231
Merit: 10


View Profile WWW
November 28, 2013, 12:04:48 AM
 #118

With BIPS, Kris Henriksen pulled a Inputs.io (Tradefortress) claiming ddos attacks overloaded some switches and the hackers gained access. Bitch please....
His last wallet service https://bitcointalk.org/index.php?topic=249751.new

WalletBit was not a scam. I asked for my balance to be transferred months after the service closed and they did it immediately.
grantbdev
Sr. Member
****
Offline Offline

Activity: 292
Merit: 250



View Profile
December 09, 2013, 07:45:45 PM
 #119

So...any refunds yet?

Don't use BIPS!
allincoin
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
December 09, 2013, 07:58:35 PM
 #120

no refunds, the update below from the 4th basically stated they are not responsable we shouldn't have trusted them to hold any of our coins.

Wallet Status Update
04 December 2013 12:25 AM
We sincerely apologise for the limited information that has been available up to now, but we have not had and are still short of facts to be able to make sufficient thorough official statements.

 

Most of what was recoverable from our servers and backups has now been restored and we are currently working on retrieving more information to get a better understanding of what exactly happened, and most of all what can be done to track down who did it.

 

1295 bitcoins in total were sent to an external wallet by the attackers.

https://blockchain.info/address/1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs

Those bitcoins are not retrievable unless we can find the perpetrators and somehow make a demand they return the coins.

The Danish National IT Forensic Police department have agreed to assist us examining what data there is.

 

It appears that in order to file a police report for theft, we may need consent from all affected parties to lodge, as according to the police they can not classify this as a theft due to the current non regulation of bitcoin. We are currently looking in to details surrounding this further, awaiting a response from our lawyers and the police department.

Will there be any reimbursement available?

Please bear in mind that the wallet service was a free service and thus there has been 0 revenue generated from it. Hence BIPS is unable to reimburse bitcoins lost unless the stolen coins are retrieved.

We are discussing the possibility of a compensation plan with our legal advisors, but are unable to comment further on this for now.



Practical information:

 
There are a few account holders who have a small balance of bitcoins in their wallets after the attack. Some have also had payments sent to their BIPS wallet bitcoin addresses and we recovered these on November 19th sending them to an external wallet for safety reasons. These coins will naturally be available for withdrawal by the respective owners. Any bitcoins sent to old addresses after November 19th will also be available to withdraw by those they belong to.

 

Some merchants have accumulated sales that have been converted to Fiat over time, but not yet reached their minimum payouts. Their balances will also be available in their chosen currency with an option to have them paid out immediately or paid manually together with their new accumulated balance.

 

For all of the above instances, we are currently working on setting up a clone containing old wallet info and transactions, please grant us patience ..

 

Notice:

 

Our mailing system was wiped out during the attack and is still not restored. That means that if we send out mass emails, a large number of these will never reach their destination or end up in Spam folders (some email providers will even auto delete them).

Please check the news section of our helpdesk for more updates and information regularly in case you are amongst the ones who are not receiving our emails.


 
btcven
Hero Member
*****
Offline Offline

Activity: 716
Merit: 500


Bitcoin Venezuela


View Profile WWW
December 10, 2013, 01:08:36 AM
 #121

Who the hell puts 90 BTC in a web wallet? I had ~0.13 BTC there and I'm waiting to get it back as I think BIPS is a little bit trustworthy. But I can also learn to finally switch out from web wallets, get an Android and install Electrum on it instead of using web wallet even for cents.

Sorry to read this. I've seen you in the Electrum forums and you're always helping people. I hope you get your coins back.

The worst thing is that the bitcoins that were in the BIPS wallet were from using their payment processor, so they were my client's bitcoins. Had to paid them their Euros and get nothing in return. Those coins were supposed to be sold to pay them, not with my own pocket.

Admin: rdymac (PGP) | contacto@bitcoinvenezuela.com | @cafebitcoin | Electrum, lightweight bitcoin client
If I've been helpful tip me a coffee! Cheesy1rdymachKZpA9pTYHYHMYZjfjnoBW6B3k Bitrated user: rdymac.
ghengis34
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
December 18, 2013, 11:10:19 AM
 #122

I've written a message to bips.me today.

Bitcoin is currently plunging in value, and I believe that this now gives this company a change to survive.

As we've discussed, there is NO WAY that bips.me will be able to continue as a viable merchant processor (or with any other function), if it does not reimburse users whose bitcoins were stolen due to poor security in the bips.me wallet.

As I wrote previously, I believe bips.me has two options.

1) Go out of business. Shut down the bips.me website. Possibly, in the future, quietly open with a new domain, brand name, etc.

2) Reimburse users whose bitcoins were stolen in November 2013.

This is an open call to bips.me: The time to save your business by taking step #2 above is NOW. If you lost 1200 bitcoins in the theft, my guess is that less than 600 of these were held by external users. If that estimate is correct, this means you could ensure the survival of your business for less than $250,000.

Please do this, and we'll all wish you well in future endeavors.
TookDk
Legendary
*
Offline Offline

Activity: 1862
Merit: 1055


One coin to rule them all


View Profile WWW
December 18, 2013, 11:36:42 AM
 #123

I agree.
I would love to see BIPS do some kind of compromise for it's clients and earn some trust, I am not hoping for a full restoration of the balance before the attack, but a partial compensation would be appropriate  - any suggestions or initiative from BIPS to resolve the case are most welcome.

Cryptography is one of the few things you can truly trust.
Dadio202
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
December 18, 2013, 12:21:18 PM
 #124

Totally agree. Now is the time BIPS to buy some BTC and make an offer and maybe that will restore the confidence that I once had in you.
bitpop
Legendary
*
Offline Offline

Activity: 2716
Merit: 1058



View Profile WWW
December 18, 2013, 01:45:43 PM
 #125

Their site doesn't even mention the loss?

mstr
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
December 18, 2013, 01:53:16 PM
 #126

I totally agree also. I think they must reimburse all the BTC. We all know BTC is like cash. But, don't you give cash also to a bank and if they loose it is their loose, not yours?

This people has been untransparent in this whole issue and they take forever to answer mails.

The Bitcoins I loose where bought from them directly, so the obvious thing was to keep them in their wallet if I was going to keep them online, I kind of was nonsense to move them to another wallet. If I trusted them to buy is obvious I would trust them to keep them.

I have been exchanging emails with them and the last time they "amused" me with this line: "In your case having actually bought bitcoins from us, that is a little different. Not everyone bought bitcoins from us and many who did, moved those to an external wallet for safe keeping."

Don't you think that this a terrible sentence almost admiting that their wallet was not safe? I refer specifically to this: "...moved those to an external wallet for safe keeping", so that means keeping bitcoin with them was not safe and they knew it?
I find this outrageous!
bitpop
Legendary
*
Offline Offline

Activity: 2716
Merit: 1058



View Profile WWW
December 18, 2013, 01:55:02 PM
 #127

No one keeps Bitcoins at an exchange. Never do that!

mstr
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
December 18, 2013, 02:04:09 PM
 #128

now, I know it... but as other user stated, they specified in their web how saqfe they were. As I say, if you trust therm enogh with your fiat money to exchange it, mades no sense not to trust them your BTC.

now, we all know.
bitpop
Legendary
*
Offline Offline

Activity: 2716
Merit: 1058



View Profile WWW
December 18, 2013, 02:22:48 PM
 #129

Sorry. Us earlier folk learned from instawallet. Never trust your private keys to anyone. Blockchain wallet is fine because it decrypts it only locally.

rhubear
Newbie
*
Offline Offline

Activity: 33
Merit: 0


View Profile
December 18, 2013, 03:25:16 PM
 #130

I would like to see some action taken by BIPS but I think it's highly unlikely unless lawyers & courts etc are involved. 

I probably lost the most BTC (through naively trusting them more than a local wallet at home.  I lost a lot more than 100 BTC, which is very embarrassing (& hugely expensive for me).   I invested when BTC was about $20.

I'm in favour of exploring the legal options, although because of the lack of a legal framework around BTC, even a legal approach may be completely pointless.  Of course I'm also in favour of trying other means for some sort of refund.



allincoin
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
December 18, 2013, 03:57:32 PM
 #131

It would offer an opportunity at reimbursement...  mostly wishful thinking though.
Swordsoffreedom
Legendary
*
Online Online

Activity: 2030
Merit: 1112


🔥::No Risk No Gain::🔥


View Profile WWW
December 21, 2013, 09:09:23 AM
Last edit: January 03, 2014, 10:07:33 AM by Swordsoffreedom
 #132

Sorry. Us earlier folk learned from instawallet. Never trust your private keys to anyone. Blockchain wallet is fine because it decrypts it only locally.

True that the longer your here the more suspicious and protective you become  Smiley

.
.Duelbits.
█▀▀▀▀▀











█▄▄▄▄▄
TRY OUR
  NEW  UNIQUE
GAME!
.
.DICE..
▄▄██████▄▄
▄▄██████████████▄▄
▄██████████████████████▄
██████████████████████████
██████████████████████████
██████████████████████████
██████████████████████████
██████████████████████████
██████████████████████████
▀████████████████████████▀
▀██████████████████████▀
▀▀██████████████▀▀
▀▀██████▀▀
PROVABLY
      FAIR       
                     ███████
                       ███       ▄
                   ▄▄███████▄▄   ▄█▄
 ██  ████████
  ▄▄█████████████████▀ ▀
              █████          █████
      █████
  ██████         ▄   ████
            ██████        ▄▀     ████
████████
    ██████     ███       ████
            █████▄              ████
     ███████████████
            ████

              ████████▄▄▄▄▄▄  █████
               ▀▀███████████████▀▀
                   ▀▀███████▀▀
INSTANT
      BET       
NEARLY UP TO
.50%. REWARDS
▀▀▀▀▀█











▄▄▄▄▄█
mstr
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
December 30, 2013, 12:24:07 PM
 #133

this bips people had weeks without answer my enquiries by their support site. anyone has got in touch with them lately?
rhubear
Newbie
*
Offline Offline

Activity: 33
Merit: 0


View Profile
December 30, 2013, 01:16:44 PM
 #134

this bips people had weeks without answer my enquiries by their support site. anyone has got in touch with them lately?

I wonder if ghengis had any response to his letter to them?

I'm thinking of sounding out a Danish lawyer regarding dealing with this matter as a theft of "an asset with a publically recognised value", and holding BIPS accountable for the value they were storing, regardless of whether it was a business model for them.

I don't know the names of those involved in this theft, or how many of you there are.  Perhaps PM me if you're involved.  However I think ghengis has all these details.

bitpop
Legendary
*
Offline Offline

Activity: 2716
Merit: 1058



View Profile WWW
December 30, 2013, 01:34:50 PM
 #135

Sorry but the guys are long gone on vacation

mstr
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
January 03, 2014, 04:41:47 PM
 #136

well, after weeks they decided to answer me, but just a pretty lame email where they copied AGAIN the same "wallet status" they have in their press area from dec 4th, 1 month ago. I mean, you may guess how I felt when I saw that pasted once more in the mail they sent me with no other detail, more than a very brief excuse that they have had a lot of work with the support given the increase in the use of BTC.

this people is pissing me off. Is no longer about the money, is how I feel they are making fun of us.
rhubear
Newbie
*
Offline Offline

Activity: 33
Merit: 0


View Profile
January 03, 2014, 05:26:27 PM
 #137

well, after weeks they decided to answer me, but just a pretty lame email where they copied AGAIN the same "wallet status" they have in their press area from dec 4th, 1 month ago. I mean, you may guess how I felt when I saw that pasted once more in the mail they sent me with no other detail, more than a very brief excuse that they have had a lot of work with the support given the increase in the use of BTC.

this people is pissing me off. Is no longer about the money, is how I feel they are making fun of us.

I've just sent an email to a lawyers firm in Copenhagen:  Brandt & Lauritzen --  asking them for their option on our legal options.

I have no idea whether we do have any legal options, I thought I'd ask the professionals!  I lost enough BTC to warrant some expenditure chasing compensation.   PM me if you want more details.

bitpop
Legendary
*
Offline Offline

Activity: 2716
Merit: 1058



View Profile WWW
January 03, 2014, 06:11:30 PM
 #138

Impersonate a cop and tell them to, freez mudda fukkas

Bit_Joe
Newbie
*
Offline Offline

Activity: 51
Merit: 0


View Profile
May 27, 2014, 10:05:52 PM
 #139

http://www.coindesk.com/fidor-bank-bips-partner-merchant-payments/


perhaps he will be in a position to compensate those who lost coins soon..
bitpop
Legendary
*
Offline Offline

Activity: 2716
Merit: 1058



View Profile WWW
May 28, 2014, 05:27:23 PM
 #140

http://www.coindesk.com/fidor-bank-bips-partner-merchant-payments/


perhaps he will be in a position to compensate those who lost coins soon..

Nah just more people to steal from

gtraah
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250



View Profile
July 05, 2014, 01:42:48 PM
 #141

BIPS IS A RIP OFF. THEY CHARGE MORE FEES THAN MY NORMAL BANK ACCOUNT WOULD

PRODUCT COST $5k

THROUGH BIPS IT COSTS roughly $5200

200 fee WTF??

My bank transfer charged me $20 they are an embarrassment to BTC
bitpop
Legendary
*
Offline Offline

Activity: 2716
Merit: 1058



View Profile WWW
July 05, 2014, 02:28:54 PM
 #142

BIPS IS A RIP OFF. THEY CHARGE MORE FEES THAN MY NORMAL BANK ACCOUNT WOULD

PRODUCT COST $5k

THROUGH BIPS IT COSTS roughly $5200

200 fee WTF??

My bank transfer charged me $20 they are an embarrassment to BTC

You missed my earlier warnings, bips is a fraud, they also used to run a wallet and stole all the bitcoins

Bitpay is the only one to use

CIYAM
Legendary
*
Offline Offline

Activity: 1890
Merit: 1023


Ian Knowles - CIYAM Lead Developer


View Profile WWW
July 05, 2014, 02:31:20 PM
 #143

Although I won't go as far as bitpop I would certainly say "don't use them" as their fees (charged to the *buyer*) are simply ridiculous.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
DiamanteGaroto
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
August 07, 2014, 07:42:30 PM
 #144

WHAT HELL ! Angry Angry

I got a lot of invoices opened without confirmations on BIPS.ME

http://imgur.com/Og5nzgb

3 TICKETS OPENED ON THEIR HELPDESK SINCE 24 HOURS AGO!!!

OKF-220-79798
EOI-273-90817
OYM-951-64613

HURRY MAN!

SOMEONE WITH THIS SAME TROUBLE?
Scamalert
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


Captain


View Profile
May 26, 2015, 08:13:13 PM
 #145

Sorry for necro bumbing this thread, but I feel it is necessary.

The stolen bitcoins are on the move after sitting idle at 1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs for 1.5 years:

https://blockchain.info/address/1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs

Looks like they are being mixed.
I think all the victims need to know that their stolen coins are being moved.
mstr
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
May 31, 2015, 08:56:43 PM
 #146

Bitcoins will never worth the investment thanks to people like BIPS. They simple waited until we forgot. THis kind of situations defeates the "good intention" and the "faierness" of the Bitcoinds. BIPS a$$%@les. And now our personal information leaked from this forum. The web is not the best place to handle your finance and your personal info lately.
Scamalert
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


Captain


View Profile
May 31, 2015, 09:02:11 PM
 #147

Bitcoins will never worth the investment thanks to people like BIPS. They simple waited until we forgot. THis kind of situations defeates the "good intention" and the "faierness" of the Bitcoinds. BIPS a$$%@les. And now our personal information leaked from this forum. The web is not the best place to handle your finance and your personal info lately.

Interesting that not more people have reacted to this necro bumb.
It seams like in this business, then is 1.5 years enough time to hide away the cash and dig them back up and start spendin.... and all is forgotten. wow.
btcven
Hero Member
*****
Offline Offline

Activity: 716
Merit: 500


Bitcoin Venezuela


View Profile WWW
June 18, 2015, 09:58:29 AM
 #148

I have not forgotten

Admin: rdymac (PGP) | contacto@bitcoinvenezuela.com | @cafebitcoin | Electrum, lightweight bitcoin client
If I've been helpful tip me a coffee! Cheesy1rdymachKZpA9pTYHYHMYZjfjnoBW6B3k Bitrated user: rdymac.
bittenbob
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500


View Profile
January 19, 2016, 09:38:22 PM
 #149

An open letter to Kris Henriksen:

As someone who used to be associated with BIPS and whose reputation has taken a hit as a result of the website's hack, I ask for transparency on behalf of the public and myself. You have provided the public no concrete details about what was exploited nor how access was gained. ~1300 BTC of user funds were taken and not repaid to this day: A tragedy which is hard to stomach given the once sterling reputation of the business. When I left BIPS in the summer of 2013 there were no known security issues and a sizable profit sitting in the wallet. Having handled customer support, I did not see a single security flaw reported up until my departure.

Until you provide technical proof of the hack beyond the address which Bitcoins were sent to I have very serious concerns about what happened. Anyone could have discovered this address using the block chain and I refuse to believe you have no more details than that. Providing the full technical details of this hack to the public may help in apprehending the suspect and give hope to those who have lost coins. As far as I can tell BIPS is long gone and not coming back - there is nothing to lose by releasing information about the hack.

The stolen coins were on the move last summer until the public took note; so whoever took them still has access and in theory could return them. If the hacker has a heart, they will give the Bitcoins back to someone who can give them back to the users. I want nothing to do with the process but I propose BitPay, BitStamp or some other reputable member of the community provide an address which funds can be sent to. My relationship with BIPS officially ended July 2013 and I want nothing to do with it after how things ended.

To the hacker: You will never be able to spend those coins, so why don't you just return them? Any attempts to spend them will result in your identity being revealed and you being caught.

Kris: You owe it to the public to provide every technical detail to the public including the server logs. The missing ~1300 BTC is almost $1 million Canadian today and silence on the issue is unacceptable. The public needs to know I am not okay with this and you should not be either.


Sincerely,
Adam Harding
Scamalert
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


Captain


View Profile
January 19, 2016, 10:06:15 PM
 #150

An open letter to Kris Henriksen:

As someone who used to be associated with BIPS and whose reputation has taken a hit as a result of the website's hack, I ask for transparency on behalf of the public and myself. You have provided the public no concrete details about what was exploited nor how access was gained. ~1300 BTC of user funds were taken and not repaid to this day: A tragedy which is hard to stomach given the once sterling reputation of the business. When I left BIPS in the summer of 2013 there were no known security issues and a sizable profit sitting in the wallet. Having handled customer support, I did not see a single security flaw reported up until my departure.

Until you provide technical proof of the hack beyond the address which Bitcoins were sent to I have very serious concerns about what happened. Anyone could have discovered this address using the block chain and I refuse to believe you have no more details than that. Providing the full technical details of this hack to the public may help in apprehending the suspect and give hope to those who have lost coins. As far as I can tell BIPS is long gone and not coming back - there is nothing to lose by releasing information about the hack.

The stolen coins were on the move last summer until the public took note; so whoever took them still has access and in theory could return them. If the hacker has a heart, they will give the Bitcoins back to someone who can give them back to the users. I want nothing to do with the process but I propose BitPay, BitStamp or some other reputable member of the community provide an address which funds can be sent to. My relationship with BIPS officially ended July 2013 and I want nothing to do with it after how things ended.

To the hacker: You will never be able to spend those coins, so why don't you just return them? Any attempts to spend them will result in your identity being revealed and you being caught.

Kris: You owe it to the public to provide every technical detail to the public including the server logs. The missing ~1300 BTC is almost $1 million Canadian today and silence on the issue is unacceptable. The public needs to know I am not okay with this and you should not be either.


Sincerely,
Adam Harding

I have been amazed for a long time how someone could get away with stealing 1300 BTC so easy and people just forget about just as fast.

BIPS was reorganized into a new company called coinify, Kris was in charge of "technology and security", lol. But looks like he left the company in silence, he is not to be found any where in the industry, so either he got a job at burger king or he retired early.

Last year did coinify got a huge government grand last year to develop "bitcoin technology", it was a lot of money could have covered a huge chunk of the loses. But why should they, it was BIPS he lost the coins not them, this is "new" company.

The funds are already being spend, but slowly, so far is 30 BTC been cashed out:
https://blockchain.info/address/1HpwmCt8LE6uA6gMDowMiYAFjqAa5BNrzg

You cannot just sell 1300 BTC on bitstamp, it would cause you problems, he is selling them slowly over time.

The account "Kris" was stolen hacked during the bitcointalk database hack, don't expect to see this thieve around here again, don't even think he is watching this thread anymore.

Damn sad story, so many broken dreams...
bittenbob
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500


View Profile
January 19, 2016, 10:51:31 PM
 #151

The funds are already being spend, but slowly, so far is 30 BTC been cashed out:
https://blockchain.info/address/1HpwmCt8LE6uA6gMDowMiYAFjqAa5BNrzg

You cannot just sell 1300 BTC on bitstamp, it would cause you problems, he is selling them slowly over time.

Except if you follow the coins to http://blockr.io/address/info/1EWTiEJ9E3vdc3vDh86WQExTRhduDKdmmd you will see that 29 BTC has not moved since that day. I believe the hacker saw the community respond to the moved coins and/or was waiting to see if they could be safely moved. Someone really needs to do a full technical analysis of where these coins have gone and set up alerts if they do move again. I believe the hacker still has access to the funds but is trying to find a way they can get away with it.

BIPS was reorganized into a new company called coinify, Kris was in charge of "technology and security", lol. But looks like he left the company in silence, he is not to be found any where in the industry...

I was not aware of this but will have to look more into the legal details of what happened. If this is the case then Coinify should attempt to do something for the customers of BIPS who lost money.
bittenbob
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500


View Profile
January 19, 2016, 11:01:21 PM
 #152

But looks like he left the company in silence, he is not to be found any where in the industry, so either he got a job at burger king or he retired early.

Any ideas on when he left the company? Without saying anything further, I am curious if there is any correlation with the timing of the first transaction on May 13, 2015.


Damn sad story, so many broken dreams...

Yes there are all the way around. I cannot describe the impact this experience has had on my well being. I do not like that ~1300 BTC were taken from a product which I promoted and had lent my credibility to. After meeting Kris in person the first time I had a grand mal seizure and have since been diagnosed with epilepsy. I believe the stress from this whole experience has contributed to my seizure disorder and truly wish everyone could get their funds back. It is also why I have remained silent for so long.
Scamalert
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


Captain


View Profile
January 20, 2016, 08:07:54 PM
 #153

But looks like he left the company in silence, he is not to be found any where in the industry, so either he got a job at burger king or he retired early.

Any ideas on when he left the company? Without saying anything further, I am curious if there is any correlation with the timing of the first transaction on May 13, 2015.


Damn sad story, so many broken dreams...

Yes there are all the way around. I cannot describe the impact this experience has had on my well being. I do not like that ~1300 BTC were taken from a product which I promoted and had lent my credibility to. After meeting Kris in person the first time I had a grand mal seizure and have since been diagnosed with epilepsy. I believe the stress from this whole experience has contributed to my seizure disorder and truly wish everyone could get their funds back. It is also why I have remained silent for so long.

Last time I checked coinifys staff list was in the summer 2015, kris was there, he is gone now, without a trace.
ejntaylor
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
October 27, 2017, 10:46:17 AM
 #154

Long time ago but I still remember.

Can see from Scamalerts posts there are two BTC addresses:

https://blockchain.info/address/1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs
https://blockchain.info/address/1HpwmCt8LE6uA6gMDowMiYAFjqAa5BNrzg

Would someone be so kind as to explain a few things to me:

- Do you think these are being monitored by any legal types?
- If so, is this BTC now tainted and cant be used. If so, whats the point of stealing it?
- Is there anything we can do to keep an eye on our stolen BTC?

Thanks
Pages: 1 2 3 4 5 6 7 8 [All]
  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!