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AmazonStuff (OP)
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February 14, 2014, 09:37:52 AM |
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Hackers used transaction malleability to steal BTC from exchanges (yes, plural, it's not only Gox, read the Bitstamp statement)
Consequence:
1. Exchanges have the fiat they say they have
2. Exchanges don't have the BTC they say they have
Conclusion:
1. Some users don't have reported BTC on exchange they think they have
Speculate how this could be solved
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piramida
Legendary
 Offline
Activity: 1176
Merit: 1010
Borsche
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February 14, 2014, 09:44:13 AM |
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Hackers used transaction malleability to steal BTC from exchanges (yes, plural, it's not only Gox, read the Bitstamp statement)
troll much? "No funds have been lost and no funds are at risk. " /eot |
i am satoshi
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AmazonStuff (OP)
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February 14, 2014, 09:58:51 AM |
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Sure, they can say whatever they want, but read between lines, this is from their statement: Currently it has suspended processing Bitcoin withdrawals due to inconsistent results reported by our bitcoind wallet, caused by a denial-of-service attack using transaction malleability to temporarily disrupt balance checking. |
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GigaCoin
Sr. Member
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Activity: 308
Merit: 251
Giga
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February 14, 2014, 10:35:00 AM |
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already solved, withdrawals will return today. check out my thread about it
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AmazonStuff (OP)
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February 14, 2014, 10:36:40 AM |
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I'm not talking about BTC withdrawal, sure all of them will fix that, I'm talking about BTC missing from exchanges and how will they address that problem.
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seriouscoin
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February 14, 2014, 10:44:48 AM |
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Sure, they can say whatever they want, but read between lines, this is from their statement: Currently it has suspended processing Bitcoin withdrawals due to inconsistent results reported by our bitcoind wallet, caused by a denial-of-service attack using transaction malleability to temporarily disrupt balance checking. You're either extremely stupid or trolling or both.... Inconsistent results by their wallet does not mean the bitcoins got stolen. Stupid shit, go read the actual explanation of this "bug" as well as understand completely how blockchain works. |
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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February 14, 2014, 10:50:13 AM |
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There are no btc missing, except from Gox because of their crappy software that was easily fooled using transaction malleability.
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Bitcoin = Gold on steroids
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AmazonStuff (OP)
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February 14, 2014, 11:00:08 AM |
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There are no btc missing, except from Gox because of their crappy software that was easily fooled using transaction malleability.
I don't think that Gox is the only one who was fooled by transaction malleability, read the latest Bitstamp announcement: Bitstamp, with help from the Bitcoin core developers, has implemented a solution that passes our preliminary tests and audits. Why would they apply the fix, if their software was good? Exchanges should address this problem and make official announcement with the estimate of how many BTC were stolen from their wallets. |
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seriouscoin
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February 14, 2014, 11:04:04 AM |
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There are no btc missing, except from Gox because of their crappy software that was easily fooled using transaction malleability.
I don't think that Gox is the only one who was fooled by transaction malleability, read the latest Bitstamp announcement: Bitstamp, with help from the Bitcoin core developers, has implemented a solution that passes our preliminary tests and audits. Why would they apply the fix, if their software was good? Exchanges should address this problem and make official announcement with the estimate of how many BTC were stolen from their wallets.Wow  Quite smart there chief.... after ppl telling to read what the fck the bug is first b4 making idiotic claim like that. |
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GigaCoin
Sr. Member
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Activity: 308
Merit: 251
Giga
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February 14, 2014, 11:04:40 AM |
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There are no btc missing, except from Gox because of their crappy software that was easily fooled using transaction malleability.
I don't think that Gox is the only one who was fooled by transaction malleability, read the latest Bitstamp announcement: Bitstamp, with help from the Bitcoin core developers, has implemented a solution that passes our preliminary tests and audits. Why would they apply the fix, if their software was good? Exchanges should address this problem and make official announcement with the estimate of how many BTC were stolen from their wallets. i asumme they have a huge collateral to cover for those losses ? I mean they have the power to buy at low prices which i think they did in the recent dip, just a thought |
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Kupsi
Legendary
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Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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February 14, 2014, 11:16:19 AM |
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Why would they apply the fix, if their software was good?
The software was vulnerable to DOS attacks. |
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seriouscoin
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February 14, 2014, 11:17:26 AM |
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Why would they apply the fix, if their software was good?
The software was vulnerable to DOS attacks. But but..... where are those stolen coins? Apparently i dont know what DDOS attack mean...... |
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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February 14, 2014, 11:41:44 AM |
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Gotta love these people talking about things without having a clue whatsoever what's actually going on...
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Bitcoin = Gold on steroids
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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February 14, 2014, 04:46:31 PM |
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yeah very freaking funny. no wonder price went down this much, people mostly like to panic first, educate themselves... never.
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i am satoshi
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john_doe
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February 15, 2014, 12:06:14 AM |
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I'm not talking about BTC withdrawal, sure all of them will fix that, I'm talking about BTC missing from exchanges and how will they address that problem.
The exchanges will cover the loss. They make money running their business, remember? |
If you believe my post is helpful and you feel like donating a small amount, please use this address: 165i2m6WNT3v4KPWbFesKhceaXf2shcUDR
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fonzie
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February 15, 2014, 12:08:31 AM |
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SR 2.0 got a lot of coins stolen due to the malleability problem.!
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi |
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CrusaderTim
Newbie
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Activity: 20
Merit: 0
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February 15, 2014, 12:19:38 AM |
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SR 2.0 got a lot of coins stolen due to the malleability problem.!
Most likely SR admin stole all the coins himself, using transaction malleability problem as an excuse |
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MatTheCat
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February 15, 2014, 01:29:06 AM |
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Hackers used transaction malleability to steal BTC from exchanges (yes, plural, it's not only Gox, read the Bitstamp statement)
Consequence:
1. Exchanges have the fiat they say they have
2. Exchanges don't have the BTC they say they have
Conclusion:
1. Some users don't have reported BTC on exchange they think they have
Speculate how this could be solved
Exchanges could conspire to crash the Bitcoin price, buy back BTC on the cheap, and equalise discrepancies between user Bitcoin accounts and actual blockchain approved Bitcoins in exchanges' wallets, and make a profit doing so..... .....but they would never do that, would they (as if it weren't patently obvious that Gox are already doing it). Most likely SR admin stole all the coins himself, using transaction malleability problem as an excuse
Yep. All a bit too convenient for my liking. SR 2 and Sheepmarket now. Just lets the world see what a legendary character Ross Ulbricht was. He could have fucked off with a big pile of everyone elses Bitcoins at any point, but he preferred to keep on running a pioneering and very dangerous business with honesty and integrity. Not many would have done the same in his shoes. Silk Road 1 was a flagship example of how online commerce should be done. As soon I logged into SR2, it became apparently very quickly, just how much dodgier the place had become....and then this..... |
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