Another Bitcoin Stolen Its Deposits

[cerberre]

It is also the same guy who stole plenty of wallets from blockchain !!!

http://www.reddit.com/r/Bitcoin/comments/1z0ug6/blockchaininfo_wallet_emptied_as_far_as_i_can/

[NLNico]

are they (developer) going to build a better secured script to exchange bitcoin/litecoin to prevent hackings like what just happened recently?

I would like to encourage site owners who read this, to make a security bug bounty program. So there is a bigger chance a non-harmful hacker find any bug and helps you to make your website more secure. See also my topic for examples sites/programs https://bitcointalk.org/index.php?topic=483195.0

[cerberre]

There are some tags linked to this address :

https://blockchain.info/related_tags?active=1Ne5bGjDdgmbsGdNK9ocwrQiWf8K1FTuSa

Especially this tag received coins from this address :

dmzpkts

[Beliathon]

It's crazy how this works. We finally have money that is free of the corruption of banks. But the first thing many people do with their coins is put them in a "bank". I use quotes because they are not banks are they?

Would you let a random person from another country borrow your car? Then why are you leaving your BTC with them?

Quoted for the MFin TRUTH! THANK YOU!

You are a scholar and a gentleman/lady.

God DAMN people are fucking stupid.

It's not _your_ money unless YOU'RE the only one who controls the private keys!!!! It's like CASH! GET IT?

[freebit13]

The reason we have to wonder if it "really was hacked" ?

Because nobody goes to prison if they get caught stealing.

I dont want Bitcoin regulated, but there needs to be strict laws in place harshly punishing ANYONE who starts a bitcoin service and is suspected of theft.

It blows me away that CEO of Flexcoin just releases a nonchalant note to the public, then goes on with his day.

He should be in cuffs right now, pending investigation, like everyone else.

At the very least, harsh punishment for failing to secure his customers funds.  Its his problem.   His fault. 

You cant say "We offered cold storage for an extra fee.  If you didn't select it, oh well!"

This is why it keeps happening.  Nobody has been punished yet.

-B-

These laws already exist don't they? A Bitcoin service is a company, there are laws that regulate companies (see UCC). It's got nothing to do with Bitcoin, we don't need more laws.

[bassclef]

It's crazy how this works. We finally have money that is free of the corruption of banks. But the first thing many people do with their coins is put them in a "bank". I use quotes because they are not banks are they?

Would you let a random person from another country borrow your car? Then why are you leaving your BTC with them?

Quoted for the MFin TRUTH! THANK YOU!

You are a scholar and a gentleman/lady.

God DAMN people are fucking stupid.

It's not _your_ money unless YOU'RE the only one who controls the private keys!!!! It's like CASH! GET IT?

This cannot be repeated often enough:

DON'T TRUST YOUR BITCOINS WITH ANYONE BUT YOURSELF
IF YOU DONT OWN THE PRIVATE KEY YOU DO NOT OWN YOUR BITCOINS

[cozytrade]

from their T&C :

Flexcoin Inc is not responsible for insuring any bitcoins stored in the Flexcoin system. You are entering into this agreement with Flexcoin Inc. You agree to not hold Flexcoin Inc, or Flexcoin Inc's stakeholders, or Flexcoin Inc's shareholders liable for any lost bitcoins.

mmmm

[mateo]

WHY WHY WHY ARE PEOPLE STILL LEAVING THEIR COINS WITH THIRD PARTIES

1. Insane volatility of the market price.
2. People trust "professionally looking" third parties more than themselves (sometimes for a good reason). All it takes is a modern-looking website and people will think: "well they seem to know what they're doing, my coins are better off with them than on my laptop".

[Coins4life]

Nobody will ever learn. This is like trying to teach a cat to speak French.

[QuestionAuthority]

Another example of Darwin's theory at work. Natural selection is ensuring that stupid people live in squalor.

[leopard2]

So if law enforcement isn't enforcing existing laws or investigating existing crimes why would you think that more regulation would change anything.

Summarized:
The cops are not enforcing the laws, so the solution is to pass more laws.

they are enforcing the laws, preferrably those on victimless crimes

speeding and parking tickets are their favorites

[StarfishPrime]

Apparently it is the same guy who hacked Mt Gox. it leads to the same address :

1Ne5bGjDdgmbsGdNK9ocwrQiWf8K1FTuSa

Mixer of some type. Anyone know who controls this address?

[freebit13]

So if law enforcement isn't enforcing existing laws or investigating existing crimes why would you think that more regulation would change anything.

Summarized:
The cops are not enforcing the laws, so the solution is to pass more laws.

they are enforcing the laws, preferrably those on victimless crimes

speeding and parking tickets are their favorites

"victimless crime"... isn't that an oxmoron?