zhoutong (OP)
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March 02, 2012, 05:04:07 AM |
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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.
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cypherdoc
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March 02, 2012, 05:04:58 AM |
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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.
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kiba
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March 02, 2012, 05:06:16 AM |
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Let just hope you don't store 40K bitcoin of your customer's money on your red hot wallet next time.
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BkkCoins
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March 02, 2012, 05:08:31 AM |
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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!
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Clipse
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March 02, 2012, 05:09:10 AM |
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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.
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...In the land of the stale, the man with one share is king... >> ClipseWe pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
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zhoutong (OP)
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March 02, 2012, 05:10:33 AM |
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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.
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stick_theman
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March 02, 2012, 05:13:39 AM |
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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.
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bbit
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Bitcoin
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March 02, 2012, 05:16:09 AM Last edit: March 02, 2012, 05:35:56 AM by bbit |
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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
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bitcoinBull
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rippleFanatic
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March 02, 2012, 05:16:55 AM |
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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.
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College of Bucking Bulls Knowledge
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max in montreal
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March 02, 2012, 05:34:55 AM |
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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...
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paraipan
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March 02, 2012, 05:40:38 AM |
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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
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BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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max in montreal
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March 02, 2012, 05:42:11 AM |
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half on SR the other half on the armoury...
Scarface...
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bbit
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March 02, 2012, 05:43:42 AM |
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half on SR the other half on the armoury...
Scarface...
naaassttyyy......
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stochastic
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March 02, 2012, 06:36:11 AM |
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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.
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Introducing constraints to the economy only serves to limit what can be economical.
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finway
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March 02, 2012, 06:37:48 AM |
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Not much.
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pastory99
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March 02, 2012, 07:00:18 AM |
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This is very sad to hear. I wish you the best of luck with whatever you decide to do now.
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Matthew N. Wright
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Hero VIP ultra official trusted super staff puppet
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March 02, 2012, 07:01:11 AM |
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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.
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viboracecata
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Varanida : Fair & Transparent Digital Ecosystem
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March 02, 2012, 07:02:09 AM |
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Good luck to zhoutong.
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Bro
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March 02, 2012, 07:20:15 AM |
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roomservice
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March 02, 2012, 07:37:42 AM |
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Sorry for your loss zhoutong!
To be honest, this incident brought Bitcoinica to my attention for the first time.
Really great service, i just registered and made a deposit!
Wish you the best and good luck for the future.
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"Tonight's the night. And it's going to happen again, and again. It has to happen. Nice night."
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