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Author Topic: 37 BTC STOLEN from electrum NEED HELP  (Read 3754 times)
CoinDiver
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August 11, 2014, 02:11:10 PM
 #21

This is the only flaw on the crypto, the lack of protection for the coin holders, ppl said too bad, this can happen to anyone, I think the developers should work on a way to prevent this actions, Sorry for you lost.

This is not a problem with crypto. Physical currency has the same problem. Banks were created to help people store their physical currency safely. It's simple a problem with the state of bitcoin infrastructure. Soon there will be "bitcoin banks" that will store your bitcoin for you and guarantee safe keeping. They will have take the burden of confirming your identity before allowing the bitcoins to be removed, and will be liable for all unauthorized withdrawals. It's coming, the market will demand it for full adoption.

http://mises.org/daily/3229
BTC:1PEyEKyVZgUvV4moXvCD5rQN21QETGPpLc
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herebittybittybitty
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August 11, 2014, 07:50:20 PM
 #22

This is the only flaw on the crypto, the lack of protection for the coin holders, ppl said too bad, this can happen to anyone, I think the developers should work on a way to prevent this actions, Sorry for you lost.

Sorry to be so blunt, but... you are a fool and you are spreading misinformation. This can *NOT* happen to anyone. It can only happen to someone who failed to take necessary precautions, like the OP.
ukboy555
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August 11, 2014, 09:48:22 PM
 #23

its tru.im fool Sad
herebittybittybitty
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August 11, 2014, 11:47:53 PM
 #24

its tru.im fool Sad

Hey man, tons of us have lost lots of money/possessions due to foolish choices. Take it as an expensive lesson and move on with your life... things will get better.
jonald_fyookball
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August 12, 2014, 04:45:39 PM
 #25

you need to move that 8 BTC to another wallet immediately.

Probably the 8 BTC was in another address and didn't show up
as default when the hacker stole your seed.

But, they will figure it soon...

And yes, everyone should be using cold storage!!!

ThomasV
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August 13, 2014, 11:35:26 PM
 #26

and my seed was saved in my email Sad

1. what do you mean by that?

2. move all the remaining coins away from this wallet.

3. it does not make sense to steal part of the coins and to leave 8 btc in the wallet.
if you publish the master public key, we might be able to see what really happened.

Electrum: the convenience of a web wallet, without the risks
ukboy555
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August 14, 2014, 09:56:36 PM
 #27

thank u for ur help guys.i kno im so stupid and thank u for ur kindness .im gonna put a bounty on this guy .worse has to happen to him
30 btc to the person who get him
thank god tht money was in my pc and i dont use that for internet

here is the master public key

2909e71890d9f4a2bf9ddd1e28f3cbaa93a221b2f4c5670a847364835fe373d6248e5b5baf95ba6 effc705e490c55c2378b6566b0a12d90187604cc6def06072
ThomasV
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August 15, 2014, 06:54:46 AM
 #28

I see no reason why the "hacker" would not take the last 8 BTC from the OP.

Looking at the wallet:
Most of the coins were sent to 1BA8FTYVxVnebhxQGzxJWy4Y4QKwsVKEko, in 7 transactions.
I guess the reason why we see 7 transactions instead of just one, is that the coins in the wallet were highly fragmented: each of these transactions has dozens of inputs.
However, these transactions paid only 0.1mBTC in fees.

I consider it likely that an 8th transaction was attempted with the rest of the coins, but failed to be propagated due to insufficient fees.

If that is the case, the final withdrawal (15d291dd8e705298499e37026b8574042eb3b0bccc0046878500af0b19c319fb, probably made by the legitimate owner) double spent the thief withdrawal.
(that withdrawal paid 0.4mBTC in fees)

Lessons learnt:
 - never email your seed to yourself. (write it on paper)
 - pay the suggested transaction fees, if you are in a hurry to have your transactions confirmed.

Electrum: the convenience of a web wallet, without the risks
ukboy555
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August 15, 2014, 12:02:08 PM
 #29

Hi thomas thanks fr the reply. But still they need my password to transfer money? So how they did it mate?
jonald_fyookball
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August 15, 2014, 01:55:30 PM
 #30

Hi thomas thanks fr the reply. But still they need my password to transfer money? So how they did it mate?

no they don't.  the password protects the machine itself...if someone got control of your machine or broke into your office they need the pwd to send...but the seed can recover wallet with no pwd.  (you cannot read your seed if the wallet is locked with pwd, but that doesn't matter if you already had sent yourself the seed)

dabura667
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August 15, 2014, 04:27:45 PM
 #31

Hi thomas thanks fr the reply. But still they need my password to transfer money? So how they did it mate?

To add to Thomas's "Lessons Learnt":

- If you're going to invest large sums of money into something, at least learn how it works.

You should not be putting your coins in anything you don't fully understand.


The Electrum "seed" is just 16 bytes of random data (shown to you as 12 words). This random data is the "key" to all of your bitcoins.

In other words. Anyone who knows those 12 words can spend your bitcoins.


The password you set when you create a wallet does the following:
- It takes the 16 bytes of random data, aka your "key" ("seed") and it encrypts it. Encryption means that "If you don't put the password in correctly, no one can look at your random 16 byte "key.""

- This means that normally, your computer has a bunch of data that, when joined with your password, will recreate those 12 words for you.

HOWEVER.

You took those 12 words and you left them on your e-mail account.

Anyone who knows those words can spend your bitcoins.

Someone hacked your e-mail, and saw your seed. (Let me guess: did you save it as a Draft and Write something like "Electrum Seed: ...")

In fact, I'm sure there was some way to know your e-mail address, and that it was an e-mail address was connected to you, and that you had a lot of BTC.



There's another lesson learned:
- Never tell anyone how much BTC you own. You're painting a target on your back.



Take the time to learn, or learn the hard way. That's how life works.

Sorry you had to learn the hard way.

My Tip Address:
1DXcHTJS2DJ3xDoxw22wCt11FeAsgfzdBU
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August 17, 2014, 02:50:06 PM
 #32

and my seed was saved in my email Sad

you what???

I'm sorry for your loss.

get a trezor. And don't write down its seed using a keyboard,... ever. Use a pen and paper.



PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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