List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses

[shmoula]

Seems like good news!

Announcement Update!

There has been a slight change in our closure procedure.Instead of closing CT forever, we have decided to reopen CT after 3 months with a completely new development team and management staff.Till then your balance will remain with us if not withdrawn by 29th Jan.

The new management team will contact all users and shareholders in near future.Feel free to contact us at ctnewteam@crypto-trade.com.Thank you for understanding.

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[flipstyle]

Seems like good news!

Announcement Update!

There has been a slight change in our closure procedure.Instead of closing CT forever, we have decided to reopen CT after 3 months with a completely new development team and management staff.Till then your balance will remain with us if not withdrawn by 29th Jan.

The new management team will contact all users and shareholders in near future.Feel free to contact us at ctnewteam@crypto-trade.com.Thank you for understanding.

hahahahahahahaha.


cryptorush 2.0.  I swear all these scammy sack of shits all use the same 'scam template' every time.

[freedomno1]

Seems like good news!

Announcement Update!

There has been a slight change in our closure procedure.Instead of closing CT forever, we have decided to reopen CT after 3 months with a completely new development team and management staff.Till then your balance will remain with us if not withdrawn by 29th Jan.

The new management team will contact all users and shareholders in near future.Feel free to contact us at ctnewteam@crypto-trade.com.Thank you for understanding.

It's a bit early to call it a mintpal scam yet
But it's worth keeping track of this for a while longer in my opinion

[hongw]

Have you considered adding in all the bitcointalk ponzi's that we have seen recently (maybe as a whole)?

If not then crypto double apparently got away with 1,000 BTC which should be above your threshold. Additionally according to recent court evidence in the DRP/Ross Ulbright case, $2 million (USD) was stolen from what appeared to be a SR account.

[shmoula]

Well, if not CT, then ESECURITY assets were kind of theft. But CT pre-closure was handled very bad - they should stop trades, empty orders and than announce that, like they did some time ago. So let's wait those three months and do something with ESEC/KODDOS theft on shareholders.

It's a bit early to call it a mintpal scam yet
But it's worth keeping track of this for a while longer in my opinion

[KS]

Shouldn't Ukyo/WeExchange be in here as well?

https://bitcointalk.org/index.php?topic=337523.0

[dree12]

Shouldn't Ukyo/WeExchange be in here as well?

https://bitcointalk.org/index.php?topic=337523.0

Thanks. I'll have time again come this Sunday, so I'll put up an update then.

[RussianRaibow]

Shouldn't Ukyo/WeExchange be in here as well?

https://bitcointalk.org/index.php?topic=337523.0

Thanks. I'll have time again come this Sunday, so I'll put up an update then.

I think FiedCat scamming million dollar worth bitcoin in AM hash scam should be a part of it...

https://bitcointalk.org/index.php?topic=974058.0

[finlon]

Seems the list also needs to add the BTER hack that happened now. Do you add things ,like the bitstamp hack, even through it was later covered by the company ?

[KS]

LABCOIN too.

http://www.reddit.com/r/Bitcoin/comments/1ncckq/labcoin_has_been_outed_as_a_scam_run_by_notorious/

https://bitcointalk.org/index.php?topic=325431.0 Labcoin lawsuit
https://bitcointalk.org/index.php?topic=263445.0 Labcoin IPO

[TheGr33k]

This post is really informative thanks for posting this, all are really cool to look at and read

[Possum577]

Is there any information how heists, thefts, hacks, and scams have been avoided, fought or resolved?

A list of violations this long doesn't help entice the new user to the Bitcoin system. (Of course the list of violations in cash is endless...so likely will bitcoin.)

[BitcoinFr34k]

Is there any information how heists, thefts, hacks, and scams have been avoided, fought or resolved?

A list of violations this long doesn't help entice the new user to the Bitcoin system. (Of course the list of violations in cash is endless...so likely will bitcoin.)

Those happen every day and are much too many to list individually. The fact that people are able to take precautions in protecting themselves when trading means that they have prevented themselves from getting scammed.

Shouldn't Ukyo/WeExchange be in here as well?

https://bitcointalk.org/index.php?topic=337523.0

Thanks. I'll have time again come this Sunday, so I'll put up an update then.

I think FiedCat scamming million dollar worth bitcoin in AM hash scam should be a part of it...

https://bitcointalk.org/index.php?topic=974058.0

I am actually surprised I haven't seen more threads about this. He also has very little negative trust right now because of his scam - he still has overall 150+  positive feedback.

[freedomno1]

I am actually surprised I haven't seen more threads about this. He also has very little negative trust right now because of his scam - he still has overall 150+  positive feedback.

It's a wait and see approach with Friedcat, he delivered a lot of miners and paid dividends to IPO holders
Could just be a failed business due to bad batches of chips

[ranlo]

Is there any information how heists, thefts, hacks, and scams have been avoided, fought or resolved?

A list of violations this long doesn't help entice the new user to the Bitcoin system. (Of course the list of violations in cash is endless...so likely will bitcoin.)

I think it's a dual-edged sword.

On one hand, you're showing potential users the dangers. You're teaching them ahead of time what there is to lose, so they're aware of the implications of using Bitcoin.

On the other, you're right: it puts out the message that Bitcoin is nothing but a scam (which is what I hear non-stop from outsiders I speak to about cryptos).

The only way to fight this is centralization/government interference, which is what Bitcoin tries to steer away from. Essentially, these scammers are screwing over the entire community (including themselves) to get a few extra dollars.

[freedomno1]

Is there any information how heists, thefts, hacks, and scams have been avoided, fought or resolved?

A list of violations this long doesn't help entice the new user to the Bitcoin system. (Of course the list of violations in cash is endless...so likely will bitcoin.)

I think it's a dual-edged sword.

On one hand, you're showing potential users the dangers. You're teaching them ahead of time what there is to lose, so they're aware of the implications of using Bitcoin.

On the other, you're right: it puts out the message that Bitcoin is nothing but a scam (which is what I hear non-stop from outsiders I speak to about cryptos).

The only way to fight this is centralization/government interference, which is what Bitcoin tries to steer away from. Essentially, these scammers are screwing over the entire community (including themselves) to get a few extra dollars.

Dual-edged is the best way to put it.

It doesn't mean we should just ignore the scams in question and forget they ever happened rather we should remember to try and avoid future ones.
It does hurt the ecosystem to see so many scams and hacks but an awareness is beneficial to try and prevent repeat occurrences.

As for fighting it, to an extent you need to trust others if your using their services exchanges etc as they control your coins same as any bank.

Centralization is where it gets complicated more advanced Bitcoin development is looking to resolve the hacking issue with Triple Sig or Quad sig verification aka multisig, and to my knowledge Ethereum/Maidsafe outside Bitcoin are trying to develop distributed smart contracts that act as virtual companies, with tokens of value etc instead.

So in the future security developments will make it safer, but it could make it easier to run with coins if the operators themselves are untrustworthy, about half of that long list is operator failure the other part is primarily security breaches not including lost coins.

In regards to security breaches solutions can be found, but with a shady operators it's still at present difficult to implement a tracking system that everyone agrees on and will use.

(Bitcoin-OTC and Web of Trust technically exist if your going to argue Mircea's point but not that many people use them, didn't work on Pirateat40 though)

[ranlo]

about half of that long list is operator failure the other part is primarily security breaches not including lost coins.

This leads to another huge problem: you don't know who is telling the truth and who isn't. This "I was hacked" seems to be the most popular excuse now, and there's no way to prove whether or not it's true. Someone can start up a business, run off with $10m, and then say "oh, lol, I was hacked. Sorry guys but it's all gone" and take no blame.

Bitcoin-Trader is a big example of this. There is more than enough proof showing that they ran with the funds, yet their claim that they were "hacked" seems to be enough for a lot of people to say it wasn't their fault.

[Beatkoyn]

I want to know if how many of these guys are still in active operation right now.

And how many shut down after the attack?

[sofu]

130,000 BTC were stolen from evolution   

http://www.deepdotweb.com/2015/03/18/interview-with-nswgreat-evolution-staff-member/

[ebliever]

130,000 BTC were stolen from evolution   

http://www.deepdotweb.com/2015/03/18/interview-with-nswgreat-evolution-staff-member/

Anybody know of evidence these funds have been dumped? I figure the $40 price drop the last day or so is either because the Evolution stash was dumped, or people rushed to sell in expectation it would be dumped, and caused a panic-dump instead.