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Author Topic: Stamp hot wallet problem?  (Read 4360 times)
Morecoin Freeman
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January 05, 2015, 04:33:25 AM
 #21

Scary news. I have a lot of trust in bitstamp though. They will probably come with a fix soon.

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January 05, 2015, 04:34:56 AM
Last edit: January 05, 2015, 02:36:58 PM by Wandererfromthenorth
 #22

Ok I just checked if I received the email, I didn't...


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January 05, 2015, 04:40:33 AM
 #23

Why would they not have a backup of the hot wallet private keys?

Absurd...

Could someone stole their keys and emptied the hot wallet so they don't want people to send to those addresses again?
I would agree with this interpretation. Lost doesn't mean "We can't find them anymore", lost means someone else might know all the hot wallet private keys.

They were not specific which meaning it was. Until then it is simply speculation  Cheesy

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January 05, 2015, 04:43:26 AM
 #24

It is a bad idea to ask your customers to send bitcoin to your hot wallet. In this case, the amount of hot bitcoin could not be controlled and it is difficult to manage the risk.

Bitcoin should be sent to a cold wallet, and manually replenish the hot wallet if needed.

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January 05, 2015, 04:45:56 AM
 #25

Official Posting

https://www.bitstamp.net/article/bitcoin-withdraws-suspended/
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January 05, 2015, 04:47:05 AM
 #26


That's from February 2013

Quote
Withdrawals which failed on the 10th and 11th of February will be canceled and the amounts added back to the customer account balances.

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Wandererfromthenorth
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January 05, 2015, 04:49:36 AM
 #27

The deposit page shows this:


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January 05, 2015, 04:53:22 AM
 #28

so confirmed

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.
.Duelbits.
.
..THE MOST REWARDING CASINO......
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       +4,000      
PROVABLY FAIR
GAMES
   $500,000  
MONTHLY
PRIZE POOL
      $10,000     
BLACKJACK
GIVEAWAY
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January 05, 2015, 04:54:30 AM
 #29

It is a bad idea to ask your customers to send bitcoin to your hot wallet. In this case, the amount of hot bitcoin could not be controlled and it is difficult to manage the risk.

Bitcoin should be sent to a cold wallet, and manually replenish the hot wallet if needed.

this ^.

Seems they have it backwards.

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January 05, 2015, 04:57:58 AM
 #30

It is a bad idea to ask your customers to send bitcoin to your hot wallet. In this case, the amount of hot bitcoin could not be controlled and it is difficult to manage the risk.

Bitcoin should be sent to a cold wallet, and manually replenish the hot wallet if needed.

this ^.

Seems they have it backwards.

Yes, but if it's a bug in the way keys are handled, then the cold wallet could end up with the same problem and it's a much larger problem at that point. Something simple like a flipped bit can cause this.

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January 05, 2015, 04:58:34 AM
 #31

What are the chances all the sales were of fake coins?  Haha...
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January 05, 2015, 05:03:47 AM
 #32

What are the chances all the sales were of fake coins?  Haha...

it is possible...

but what if, just like gox, there were users that had the capability of putting in buy orders and when those orders get filled their account doesn't have fiat deducted from it.

Essentially free coins.  Roll Eyes

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January 05, 2015, 05:09:26 AM
 #33

What are the chances all the sales were of fake coins?  Haha...

Wasn't bitstamp the last exchange to dump?

Selling out to advertisers shows you respect neither yourself nor the rest of us.
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January 05, 2015, 05:12:44 AM
 #34

Anyone able to withdraw?
I can't get my coins out... :/

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January 05, 2015, 05:16:41 AM
 #35

Anyone able to withdraw?
I can't get my coins out... :/

what happens when you initiate a withdraw of BTC?

Any message? Error?

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January 05, 2015, 05:17:46 AM
Last edit: January 05, 2015, 01:31:08 PM by Wandererfromthenorth
 #36

Anyone able to withdraw?
I can't get my coins out... :/
Buy XRP (ripple), send the coins to poloniex.com (make an account there) and exchange them for BTC if you want.


It works, it's currently the only way, do it, to stay safe.


https://twitter.com/mBTCPizpie/status/551964995932540928
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January 05, 2015, 05:23:43 AM
 #37

Anyone able to withdraw?
I can't get my coins out... :/
Buy XRP (ripple), send the coins at poloniex.com (make an account there) and exchange them for BTC if you want.


It works, it's currently the only way, do it, to stay safe.


https://twitter.com/mBTCPizpie/status/551964995932540928

Honestly how is ripple safe if it depends upon trust networks?

Still to this day I won't touch ripple with a 1000 foot pole.

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
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January 05, 2015, 06:14:09 AM
 #38

this might push us down.

Or up? Can't send coins to the exchange to dump?

Exactly, Up would be logical.
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January 05, 2015, 06:54:56 AM
 #39

Anyone able to withdraw?
I can't get my coins out... :/
Buy XRP (ripple), send the coins at poloniex.com (make an account there) and exchange them for BTC if you want.


It works, it's currently the only way, do it, to stay safe.


https://twitter.com/mBTCPizpie/status/551964995932540928

Honestly how is ripple safe if it depends upon trust networks?

Still to this day I won't touch ripple with a 1000 foot pole.

The Ripple consensus ledger is a whole lot safer than holding any BTC on an exchange...
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January 05, 2015, 07:50:33 AM
 #40

Anyone able to withdraw?
I can't get my coins out... :/
Buy XRP (ripple), send the coins at poloniex.com (make an account there) and exchange them for BTC if you want.


It works, it's currently the only way, do it, to stay safe.


https://twitter.com/mBTCPizpie/status/551964995932540928

Honestly how is ripple safe if it depends upon trust networks?

Still to this day I won't touch ripple with a 1000 foot pole.

The Ripple consensus ledger is a whole lot safer than holding any BTC on an exchange...

really? I see no difference. counterparty risk is simply that...counterparty risk

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