Bitcoin Forum
December 10, 2016, 01:14:18 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 [4] 5 6 7 8 »  All
  Print  
Author Topic: Bitcoinica lost 43,554 BTC from Linode compromise, suspicious TXIDs publicized  (Read 52318 times)
Etlase2
Hero Member
*****
Offline Offline

Activity: 798


View Profile
March 02, 2012, 05:02:05 AM
 #61

bananas

B-A-N-A-N-A-S

3k was one thing, but 44k? damn

1481332458
Hero Member
*
Offline Offline

Posts: 1481332458

View Profile Personal Message (Offline)

Ignore
1481332458
Reply with quote  #2

1481332458
Report to moderator
1481332458
Hero Member
*
Offline Offline

Posts: 1481332458

View Profile Personal Message (Offline)

Ignore
1481332458
Reply with quote  #2

1481332458
Report to moderator
1481332458
Hero Member
*
Offline Offline

Posts: 1481332458

View Profile Personal Message (Offline)

Ignore
1481332458
Reply with quote  #2

1481332458
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481332458
Hero Member
*
Offline Offline

Posts: 1481332458

View Profile Personal Message (Offline)

Ignore
1481332458
Reply with quote  #2

1481332458
Report to moderator
zhoutong
VIP
Hero Member
*
Offline Offline

Activity: 490


View Profile WWW
March 02, 2012, 05:04:07 AM
 #62

i would hold off on the congrats to Zhou until he actually delivers the coins.  that is a lot to deliver.

We are not discontinuing the service. Trading, deposits and withdrawals will all go back to normal in a few hours (once our new Bitcoin server has caught up with the current block).

We are honoring every single withdrawal request, large or small. No account had any balance deductions resulted from this incident.

Founder of NameTerrific (https://www.nameterrific.com/). Co-founder of CoinJar (https://coinjar.io/)

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 02, 2012, 05:04:58 AM
 #63

i would hold off on the congrats to Zhou until he actually delivers the coins.  that is a lot to deliver.

We are not discontinuing the service. Trading, deposits and withdrawals will all go back to normal in a few hours (once our new Bitcoin server has caught up with the current block).

We are honoring every single withdrawal request, large or small. No account had any balance deductions resulted from this incident.

glad to hear you reiterate this.
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
March 02, 2012, 05:06:16 AM
 #64

Let just hope you don't store 40K bitcoin of your customer's money on your red hot wallet next time.

BkkCoins
Hero Member
*****
Offline Offline

Activity: 784


firstbits:1MinerQ


View Profile WWW
March 02, 2012, 05:08:31 AM
 #65

Keeping this many BTC in a "hot" wallet is just nutty. I wonder if MtGox keeps that qty online? If the transfer volume really requires so much instantly available then I'd be looking at ways to use offline wallets and cron based transfers to move money between them as needed. Bitcoin has a lot of flexibility in how transactions are created and posted or batched so I think it would be wise for any business doing high volume transfers to seriously look at ways to keep account depth highly controlled.

Your ability to bounce back despite how hard hit is pretty astounding. Profits must be very worthwhile!

Clipse
Hero Member
*****
Offline Offline

Activity: 504


View Profile
March 02, 2012, 05:09:10 AM
 #66

This is quite insane, this thief is probably follow these threads thats why he started to dump as quickly as possible now.

I still dont see the current dumping as just a phase, its way to linear.

...In the land of the stale, the man with one share is king... >> Clipse

We pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
zhoutong
VIP
Hero Member
*
Offline Offline

Activity: 490


View Profile WWW
March 02, 2012, 05:10:33 AM
 #67

Let just hope you don't store 40K bitcoin of your customer's money on your red hot wallet next time.

We are developing a customized Bitcoin client for sever use, with hard-coded security designed specifically for web apps.

Founder of NameTerrific (https://www.nameterrific.com/). Co-founder of CoinJar (https://coinjar.io/)

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
stick_theman
Sr. Member
****
Offline Offline

Activity: 372


View Profile
March 02, 2012, 05:13:39 AM
 #68

We are developing a customized Bitcoin client for sever use, with hard-coded security designed specifically for web apps.

That's what I'm talking about!  Fighting back like Rockie already.
bbit
Legendary
*
Offline Offline

Activity: 1288

Bitcoin


View Profile
March 02, 2012, 05:16:09 AM
 #69

Zhou, talk to Mark at mtgox.  i bet there's something he can do to intercept at least some of these coins as the thief tries to cash out on mtgox.
Mt.gox response so far: https://bitcointalk.org/index.php?topic=66986.msg778811#msg778811
bitcoinBull
Legendary
*
Offline Offline

Activity: 826


rippleFanatic


View Profile
March 02, 2012, 05:16:55 AM
 #70

Let just hope you don't store 40K bitcoin of your customer's money on your red hot wallet next time.

It's not customers' money anymore, but his loss.  There's plenty of blame to go around (starting with Linode), but I have enough confidence that zhou can eat the loss, and then make it back.

College of Bucking Bulls Knowledge
max in montreal
Hero Member
*****
Offline Offline

Activity: 504


View Profile
March 02, 2012, 05:34:55 AM
 #71

Can we not follow these coins?

If i was the thief, I would deposit onto silk road and just withdraw into another wallet...there is your free coin mixer...
paraipan
Legendary
*
Offline Offline

Activity: 924


Firstbits: 1pirata


View Profile WWW
March 02, 2012, 05:40:38 AM
 #72

This is quite insane, this thief is probably follow these threads thats why he started to dump as quickly as possible now.

I still dont see the current dumping as just a phase, its way to linear.

+1

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
max in montreal
Hero Member
*****
Offline Offline

Activity: 504


View Profile
March 02, 2012, 05:42:11 AM
 #73

half on SR the other half on the armoury...

Scarface...
bbit
Legendary
*
Offline Offline

Activity: 1288

Bitcoin


View Profile
March 02, 2012, 05:43:42 AM
 #74

half on SR the other half on the armoury...

Scarface...

naaassttyyy......
stochastic
Hero Member
*****
Offline Offline

Activity: 532


View Profile
March 02, 2012, 06:36:11 AM
 #75

We didn't have the opportunity to scan our whole system for suspicious transactions that were not initiated from our customers because we had to shut down the system immediately after we've discovered the huge loss. We did get a rough estimate and we published a press release to warn our users about the deposit address replacement.

However, now we have concluded that we lost 43,554 BTC from this incident and we will reimburse our customers for the full amount. For transparency, we would like to disclose all the suspicious transaction ids in this incident:

I hope you get insurance next time to account for any losses due to theft.

Introducing constraints to the economy only serves to limit what can be economical.
finway
Hero Member
*****
Offline Offline

Activity: 714


View Profile
March 02, 2012, 06:37:48 AM
 #76

Not much.

pastory99
Jr. Member
*
Offline Offline

Activity: 36


View Profile
March 02, 2012, 07:00:18 AM
 #77

This is very sad to hear. I wish you the best of luck with whatever you decide to do now.

Matthew N. Wright
Untrustworthy
Hero Member
*****
Offline Offline

Activity: 588


Hero VIP ultra official trusted super staff puppet


View Profile
March 02, 2012, 07:01:11 AM
 #78

We didn't have the opportunity to scan our whole system for suspicious transactions that were not initiated from our customers because we had to shut down the system immediately after we've discovered the huge loss. We did get a rough estimate and we published a press release to warn our users about the deposit address replacement.

However, now we have concluded that we lost 43,554 BTC from this incident and we will reimburse our customers for the full amount. For transparency, we would like to disclose all the suspicious transaction ids in this incident:

I hope you get insurance next time to account for any losses due to theft.

Doesn't exist.

You could only have the USD insured.

viboracecata
Legendary
*
Offline Offline

Activity: 1260



View Profile
March 02, 2012, 07:02:09 AM
 #79

Good luck to zhoutong.

Bro
Full Member
***
Offline Offline

Activity: 218



View Profile
March 02, 2012, 07:20:15 AM
 #80

http://news.ycombinator.com/item?id=2973301
Pages: « 1 2 3 [4] 5 6 7 8 »  All
  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!