Bitcoin Forum
September 23, 2019, 06:39:44 PM *
News: If you like a topic and you see an orange "bump" link, click it. More info.
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitstamp Deposit Bug  (Read 2564 times)
dave111223
Legendary
*
Offline Offline

Activity: 1162
Merit: 1001


View Profile WWW
April 24, 2014, 01:37:45 PM
 #1

There is a bug in the Bitstamp system whereby if you receive 2 or more deposits in the same Bitcoin transaction only 1 of the deposits get recorded and the other deposits never appear in your account.

This can easily occur in many situations, for example:

Example A)
You have a number of different Bitstamp deposit addresses.  You make a withdrawal from an online exchange (such as BTC-e) to address A.   Then a few minutes later you decide to make another deposit to Address B.  The two transactions happen to be grouped together into one 'sendmany' from BTC-e to Bitstamp.

Both amounts will arrive at Bitstamps wallet, however the second payment will never appear in your account.

Example B)
Two different people who happen to use the same online wallet system (do not know each other).  They both make transfers to your Bitstamp account.
If the payments get group into the same 'sendmany' transaction you will only receive one of the the payments.

Example C (untested the most serious case):
*I have not tested this example but following the above logic this could happen.
Two different people who don't know eachother both using BTC-e.  Both make a transfer from their BTC-e to their own Bitstamp accounts.  The sends get put into the same Bitcoin transaction.  Only one person gets a deposit.

Bitstamp have been informed of this bug but seem unwilling to fix it.  Although they will correct missing individual deposits if discovered.

I urge Bitstamp to fix issue bug immediately. Sendmany is a part of the way bitcoin works and should not result in loses to the user.

If you receive a lot of deposits to your Bitstamp account it can be easy not to notice a missing deposit; I'd suggest all users export their deposit history and check that all deposits have been accounted for.
1569263984
Hero Member
*
Offline Offline

Posts: 1569263984

View Profile Personal Message (Offline)

Ignore
1569263984
Reply with quote  #2

1569263984
Report to moderator
1569263984
Hero Member
*
Offline Offline

Posts: 1569263984

View Profile Personal Message (Offline)

Ignore
1569263984
Reply with quote  #2

1569263984
Report to moderator
1569263984
Hero Member
*
Offline Offline

Posts: 1569263984

View Profile Personal Message (Offline)

Ignore
1569263984
Reply with quote  #2

1569263984
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1569263984
Hero Member
*
Offline Offline

Posts: 1569263984

View Profile Personal Message (Offline)

Ignore
1569263984
Reply with quote  #2

1569263984
Report to moderator
TheMage
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1000


Litecoin Association Director


View Profile
January 05, 2015, 06:18:06 AM
 #2

Bump due to recent Bitstamp issues.


Was this ever addressed?

Follow me on twitter https://twitter.com/TheRealMage for Litecoin and Litecoin Association news!
mazi
Newbie
*
Offline Offline

Activity: 33
Merit: 0


View Profile
January 05, 2015, 07:52:59 AM
 #3

Was this ever addressed?

I've experience the same problem a few weeks ago, and a friend is experiencing this right now (his missing deposit still not credited to his account).

The way Bitstamp handled the issue for me was to first ask me not to do such transactions; then they credited my account with missing bitcoins (that they had already received) after a week or so. They also never admitted it was their fault or apologized. I was quite disappointed with their response and actions.
mayax
Legendary
*
Offline Offline

Activity: 1302
Merit: 1004


View Profile
January 05, 2015, 10:12:57 AM
 #4

there are already few posts here.

Bitstamp is HACKED and there are rumors that their bank is closing their account.
sirfancy
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
January 05, 2015, 03:05:26 PM
 #5

there are already few posts here.

Bitstamp is HACKED and there are rumors that their bank is closing their account.

First of all, that is unrelated to OP's post.

Second of all, we know.

Lastly, it was just one of the operational wallets that was compromised. Their cold storage is fine. Just don't make any deposits until it's all sorted out.
mayax
Legendary
*
Offline Offline

Activity: 1302
Merit: 1004


View Profile
January 05, 2015, 03:16:26 PM
 #6

Bitstamp lost 18K BTC. https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

that means around of 4,8 MIL. USD

what's next? Bitcoin price will go down....
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!