[Payout Updates] Bitcoinica site is taken offline for security investigation

[proudhon]

Edited my post to provide some more details. The "Identification - True" seems to be related to whether you said on your claim page whether you are ok with providing identification to speed up the verification process, as it was already there before any password was entered. I have no idea whether the password I entered was correct or if I made a typo. I hope the fact that the password field is gone means that it was correct.

Yes, Zhou confirmed that not getting anything back is a good thing.  If it was wrong, then you would have seen a message about it.

[1713895012]

1713895012

[1713895012]

1713895012

[realnowhereman]

$5.93 and no way to hedge, or sell.

I'm pretty patient, but this is getting painful to watch, while Bitcoinica sit on funds.

Get that liquidation policy worked out and published: fast.

[realnowhereman]

- valuation rallies -> go to the Bitcoinica thread looking to find posts of despair at the lost chance of speculating  -> there they are 

  True enough.

Be fair though: price has being going steadily up for weeks, and people have kept quiet.  If the price had stayed stable (where my long was losing), and bitcoinica decided to liquidate my long, then I would have lived with the loss.

Price hasn't been stable though; and Bitcoinica are going to be damned if they do and damned if they don't.

They can't liquidate everything at the current price because all those with massively losing shorts will quite rightly go nuts at the fact that they weren't able to choose their own exit price because the website is down.

They can't liquidate everything at the original price, $4.94, because all those with longs that would lose at that price but win at today's price will quite rightly go nuts that if they had known that Bitcoinica were going to do that three weeks ago, they could at least have hedged.

Their only non-"go nuts" option was to take a loss themselves and liquidate everything at its most favourable price -- then or now.  With price shooting up, that becomes less and less likely as that would be an impossible to take loss.  Even liquidating at the average price becomes less and less likely, as that's uncomfortably high for them too.

My guess then, is that the only reasonable option they have available to them is to cancel all positions rather than liquidate them at a price; and simply refund the margins.  That would be like when bookies have to do an "all bets cancelled" because of unforeseen events.  Depending on the ratio between shorts, longs and BTC and USD held, that could easily turn out to be expensive too -- they might suddenly find they have too much USD and not enough BTC to refund margins.  They'll have to buy some then, but the price has gone up 20%.  So that'll be another 20% loss on top of the stolen 20%.

Bitcoinica... your delays are making things worse, not better for you.  Or are you hoping that the price is going to tumble back to $5?

[seriouscoin]

Fck, the hacker attempted to login to my email that i used for bitcoinica . Google caught it in time and locked my account.

The IP is from Guam.

[BadBear]

Fck, the hacker attempted to login to my email that i used for bitcoinica . Google caught it in time and locked my account.

The IP is from Guam.

You hadn't changed your password?

[dimitry765]

I entered my password, hit authenticate, but nothing happened. Is that normal?

Same happened to me, and no message like the last couple of posts.

Same thing.  The password field just disappeared.

It should be normal. I entered my password and it disappeared, but in the backend it shows "Password verified" as true.

Zhou, you reseted my password, I have an  email from you (on the 3rd of april), but when i put it in password form it says "No password hash found please contact verify@bitcoinica.com to request manual verification".

http://i068.radikal.ru/1206/4e/cabff0c7e341.png

[proudhon]

Everyone should be using 2 factor auth on their Google accounts in addition to strong, unique passwords.

[BIGMERVE]

I just sent an email to verify@bitcoinica.com and my email said the address does not exist. anyone else try emailing them?

[thest0ckman]

I just sent an email to verify@bitcoinica.com and my email said the address does not exist. anyone else try emailing them?

here is what i get after emailing verify@bitcoinica.com:

Date: Tuesday, June 12, 2012, 8:48 PM

Sorry, we were unable to deliver your message to the following address.

<verify@bitcoinica.com>:
No MX or A records for bitcoinica.com

[Krakonos]

I just sent an email to verify@bitcoinica.com and my email said the address does not exist. anyone else try emailing them?

Hey, I have and email seems to exist. I even checked the logs of my email server and it seems ok:

Code:

Jun 13 14:36:27 ibex postfix/smtp[26887]: 5ADE53E092: to=<verify@bitcoinica.com>, relay=aspmx.l.google.com[173.194.70.26]:25, delay=0.83, delays=0.02/0.01/0.47/0.33, dsn=2.0.0, status=sent (250 2.0.0 OK 1339590987 gy19si1512239bkc.20)

Code:

krakonos@muskox ~ $ dig MX bitcoinica.com
...
bitcoinica.com.		1800	IN	MX	5 alt2.aspmx.l.google.com.
bitcoinica.com.		1800	IN	MX	10 aspmx2.googlemail.com.
bitcoinica.com.		1800	IN	MX	10 aspmx3.googlemail.com.
bitcoinica.com.		1800	IN	MX	1 aspmx.l.google.com.
bitcoinica.com.		1800	IN	MX	5 alt1.aspmx.l.google.com.

In case bitcoinica is in posession of bitcoinica.com (and I think there is no reason why thay should not be), it looks good to me. Maybe you have a typo or your mail client doing something nasty?

[Bitcoin Oz]

I just sent an email to verify@bitcoinica.com and my email said the address does not exist. anyone else try emailing them?

here is what i get after emailing verify@bitcoinica.com:

Date: Tuesday, June 12, 2012, 8:48 PM

Sorry, we were unable to deliver your message to the following address.

<verify@bitcoinica.com>:
No MX or A records for bitcoinica.com

 

[BIGMERVE]

I just sent an email to verify@bitcoinica.com and my email said the address does not exist. anyone else try emailing them?

Hey, I have and email seems to exist. I even checked the logs of my email server and it seems ok:

Code:

Jun 13 14:36:27 ibex postfix/smtp[26887]: 5ADE53E092: to=<verify@bitcoinica.com>, relay=aspmx.l.google.com[173.194.70.26]:25, delay=0.83, delays=0.02/0.01/0.47/0.33, dsn=2.0.0, status=sent (250 2.0.0 OK 1339590987 gy19si1512239bkc.20)

Code:

krakonos@muskox ~ $ dig MX bitcoinica.com
...
bitcoinica.com.		1800	IN	MX	5 alt2.aspmx.l.google.com.
bitcoinica.com.		1800	IN	MX	10 aspmx2.googlemail.com.
bitcoinica.com.		1800	IN	MX	10 aspmx3.googlemail.com.
bitcoinica.com.		1800	IN	MX	1 aspmx.l.google.com.
bitcoinica.com.		1800	IN	MX	5 alt1.aspmx.l.google.com.

In case bitcoinica is in posession of bitcoinica.com (and I think there is no reason why thay should not be), it looks good to me. Maybe you have a typo or your mail client doing something nasty?

I just quadruple checked for typos and sent a second email, still nothing.

[genjix]

Not all the password hashes exist. Only a few of them. That's why it says no password hash found. The record is not an old record but simply a recent sample of a random bunch of users. It does not matter how old your account is.

Just tried the email and it seems to work fine for me.

[Krakonos]

I just sent an email to verify@bitcoinica.com and my email said the address does not exist. anyone else try emailing them?

here is what i get after emailing verify@bitcoinica.com:

Date: Tuesday, June 12, 2012, 8:48 PM

Sorry, we were unable to deliver your message to the following address.

<verify@bitcoinica.com>:
No MX or A records for bitcoinica.com

Seems like dns problem. I've checked the logs from a week ago and the MX records were the same (at least the one my mail server used is the aspmx.l.google.com, like I posted above). No idea why you can't list MX records.

[kokjo]

Not all the password hashes exist. Only a few of them. That's why it says no password hash found. The record is not an old record but simply a recent sample of a random bunch of users. It does not matter how old your account is.

Just tried the email and it seems to work fine for me.

my account has been validated by password, and i got a mail earlier from you(genjix at riseup dot com), saying that my claim has been accepted/validated, and that you would pay me out.

question: WHEN?

[iamapi]

So how about other accounts?

Not all the password hashes exist. Only a few of them. That's why it says no password hash found. The record is not an old record but simply a recent sample of a random bunch of users. It does not matter how old your account is.

Just tried the email and it seems to work fine for me.

[thest0ckman]

just tried to email verify@bitcoinica.com  again today and the email bounced back again

[BIGMERVE]

just tried to email verify@bitcoinica.com  again today and the email bounced back again

What email service? I'm using yahoo and it's not working either.

[thest0ckman]

just tried to email verify@bitcoinica.com  again today and the email bounced back again

What email service? I'm using yahoo and it's not working either.

i am using yahoo as well.

ty for asking

[dopamine]

2 more days till 30 days and still no update from bitcoinica on open positions or ETA when they expect to refund the funds to customers or how close are they to resume trading or testing there new bitcoinica service nothing, I know how much bitcoins I have and have all my deposit transaction numbers. Im sure this could be alot worst if bitcoins price went down in value. So how about a update soon...