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Author Topic: Bitstamp issues statement and temporarily suspends service  (Read 8050 times)
justforbtc
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January 05, 2015, 04:20:45 PM
 #61

Bitstamp lost 18K BTC. https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf


sell your Bitcoin. the price will go DOWN ......!!!!

Here is the main cold wallet of Bitstamp: https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa

From the earliest transaction of the address: https://blockchain.info/tx/8f1d3a8ef6b2d4a25d2f499279e01518b4770819ccbc39a765c4c326170c61b3

the source addresses and destination address are all cold wallets of Bitstamp.  The total amount of these cold wallets are about 200K.

The 18k BTC lost is about 10% of total reserve of Bitstamp.
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mayax
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January 05, 2015, 04:27:08 PM
 #62

Bitstamp lost 18K BTC. https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf


sell your Bitcoin. the price will go DOWN ......!!!!

Here is the main cold wallet of Bitstamp: https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa

From the earliest transaction of the address: https://blockchain.info/tx/8f1d3a8ef6b2d4a25d2f499279e01518b4770819ccbc39a765c4c326170c61b3

the source addresses and destination address are all cold wallets of Bitstamp.  The total amount of these cold wallets are about 200K.

The 18k BTC lost is about 10% of total reserve of Bitstamp.

it is NOT Bitstamp reserve. it's the CLIENT's money.
mike81
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January 05, 2015, 04:30:39 PM
 #63


Here is the main cold wallet of Bitstamp: https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa

From the earliest transaction of the address: https://blockchain.info/tx/8f1d3a8ef6b2d4a25d2f499279e01518b4770819ccbc39a765c4c326170c61b3

the source addresses and destination address are all cold wallets of Bitstamp.  The total amount of these cold wallets are about 200K.

The 18k BTC lost is about 10% of total reserve of Bitstamp.

So is this the hot wallet then?: https://blockchain.info/nl/address/1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew
justforbtc
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January 05, 2015, 04:34:32 PM
 #64

Bitstamp lost 18K BTC. https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf


sell your Bitcoin. the price will go DOWN ......!!!!

Here is the main cold wallet of Bitstamp: https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa

From the earliest transaction of the address: https://blockchain.info/tx/8f1d3a8ef6b2d4a25d2f499279e01518b4770819ccbc39a765c4c326170c61b3

the source addresses and destination address are all cold wallets of Bitstamp.  The total amount of these cold wallets are about 200K.

The 18k BTC lost is about 10% of total reserve of Bitstamp.

it is NOT Bitstamp reserve. it's the CLIENT's money.

My mistake, so Bitstamp lost about 10% of client's BTC.
justforbtc
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January 05, 2015, 04:35:14 PM
 #65


Here is the main cold wallet of Bitstamp: https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa

From the earliest transaction of the address: https://blockchain.info/tx/8f1d3a8ef6b2d4a25d2f499279e01518b4770819ccbc39a765c4c326170c61b3

the source addresses and destination address are all cold wallets of Bitstamp.  The total amount of these cold wallets are about 200K.

The 18k BTC lost is about 10% of total reserve of Bitstamp.

So is this the hot wallet then?: https://blockchain.info/nl/address/1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew


Just don't care about it as there is only very small balance.
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January 05, 2015, 04:39:01 PM
 #66

how did you calculate this "small" balance? it's around of 5 MIL USD.

How much does have Bitstamp? 50 MIL? Let's get real. Smiley

Even so, Bitstamp MUST have these money in bank, right? I think most of these money came from bank deposits.
justforbtc
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January 05, 2015, 04:42:28 PM
 #67

how did you calculate this "small" balance? it's around of 5 MIL USD.

How much does have Bitstamp? 50 MIL? Let's get real. Smiley

Even so, Bitstamp MUST have these money in bank, right? I think most of these money came from bank deposits.

I meant the balance in https://blockchain.info/address/1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew is very small and we don't need to care about it.
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January 05, 2015, 04:48:08 PM
 #68

lololol

Here we go again...another service bites the dust...mt gox part 2379248723897234879234. This shit will never end until it takes bitcoin down with it.  Unbelievable.

Im thinking they currently just have a technical issue, im not using them or have any money in there but its doesnt look like a gox situation.

The fact of the matter is...regardless how 'bad' this situation really is...it shows that bitcoin money is safe nowhere.  Exchanges can basically take your money and run at any instant and claim they were hacked...with no repurcussions or explicit proof.  If that isn't enough to scare away any potential future adopters, I don't know what is.

Having lost various amounts at cryptorush and coinex...hearing stories like this don't even phase me...it's just another broken record that you basically expect.

Addtionally...anyone ever notice how these exchanges just so happen to conveniently go bust right when bitcoin is experiencing huge price volatility (either good or bad).  It's like the scammers don't even really care about hiding their motives anymore, because they know they can get away scotch free.

Most businesses who stole money are gone to have or are already having legal charges. Is not so easy.
fran2k
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January 05, 2015, 04:54:43 PM
 #69

we are talking about 14% of their coins lost ? pffff... Smiley
a lot of money lost. millions !

Where do you see 14% of their total coins is lost?

I think they just lost a few hundred coins max.

http://www.reddit.com/r/Bitcoin/comments/2re2pw/18864_coins_stolen_from_stamp_that_doesnt_look/

this sucks.

Very interesting address. Specially the very high fees payed for ultra fast confirmations.


Could just they made proof of reservers, like signing the twit with some cold storage addresses ?
mayax
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January 05, 2015, 04:56:08 PM
 #70

ask the money back from Bitstamp.
Almost all their BTC should be backed by real money (USD or EURO). these money are into their bank account.

they "lose" the BTC but the real money will remain to them if you will accept the "loss".
So, ask your money back by bank wire asap. Their bank will froze the account shortly.
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January 05, 2015, 04:59:23 PM
 #71

...
Very interesting address. Specially the very high fees payed for ultra fast confirmations.


It is not true , with 1btc you have the same time/chance to receive confirm (include in a block) as 0.0004 btc . It's a question of lucky ....
fran2k
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January 05, 2015, 05:00:12 PM
 #72

it is very curious that the Bitcoin price didn't fall YET.

normally, any real "stock" market would have reacted until now. the "players" would have sold...I think Bitcoin foundation is not strange of this.

Totally.

Bitstamp lost 18K BTC. https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

sell your Bitcoin. the price will go DOWN ......!!!!

I bet this is Bitstamp themselves making some tricky maneuvers.

Market making you say? Hehe..

Bitstamp lost 18K BTC. https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf


sell your Bitcoin. the price will go DOWN ......!!!!

Here is the main cold wallet of Bitstamp: https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa

From the earliest transaction of the address: https://blockchain.info/tx/8f1d3a8ef6b2d4a25d2f499279e01518b4770819ccbc39a765c4c326170c61b3

the source addresses and destination address are all cold wallets of Bitstamp.  The total amount of these cold wallets are about 200K.

The 18k BTC lost is about 10% of total reserve of Bitstamp.

This is actually good news!
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January 05, 2015, 05:04:37 PM
 #73

...
Very interesting address. Specially the very high fees payed for ultra fast confirmations.


It is not true , with 1btc you have the same time/chance to receive confirm (include in a block) as 0.0004 btc . It's a question of lucky ....

If the space is limited, and i.e. we have a tx with lot of inputs/outputs (high size) then a high fee creates incentive for priority inclusion.
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January 05, 2015, 05:11:23 PM
 #74

...
Very interesting address. Specially the very high fees payed for ultra fast confirmations.

It is not true , with 1btc you have the same time/chance to receive confirm (include in a block) as 0.0004 btc . It's a question of lucky ....

If the space is limited, and i.e. we have a tx with lot of inputs/outputs (high size) then a high fee creates incentive for priority inclusion.

That's true but the commissions of those transactions are unnecessarily big. You don't need 1, 0.5 or even 0.1 BTC to guarantee that your transaction will be in the next block. With a transaction of 0.001 BTC you are pretty much sure you are paying a fee big enough for the faster confirmation possible.

Nagle
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January 05, 2015, 08:12:34 PM
 #75

Bitstamp CEO probably on an extended vacation in his newly acquired island mansion in Dubai.
No, Vegas:
Quote
Bitstamp retweeted:
Nejc Kodrič @nejc_kodric  ·  9 hours ago

Due to circumstances I skipped my connecting flight and spend the night in NYC. I am flying to Vegas today to attend CES.
General_A
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January 05, 2015, 08:17:04 PM
 #76

it is very curious that the Bitcoin price didn't fall YET.

normally, any real "stock" market would have reacted until now. the "players" would have sold...I think Bitcoin foundation is not strange of this.
Maybe the price drop of the last few days was whales factoring this news in.

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January 05, 2015, 09:50:38 PM
 #77

On bitstamp: "Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored."

But if you look at the transactions of that possible hacked bitstamp address, the first transaction happened on January 4th, 2015 2:26:20 UTC. and the last transaction happens 2015-01-05 18:12:07, it is still accepting transactions after 9:00



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January 05, 2015, 10:03:17 PM
 #78

On bitstamp: "Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored."

But if you look at the transactions of that possible hacked bitstamp address, the first transaction happened on January 4th, 2015 2:26:20 UTC. and the last transaction happens 2015-01-05 18:12:07, it is still accepting transactions after 9:00


Someone wasn't aware of what's going on and send to the old address maybe?

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January 05, 2015, 10:09:06 PM
 #79

On bitstamp: "Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored."

But if you look at the transactions of that possible hacked bitstamp address, the first transaction happened on January 4th, 2015 2:26:20 UTC. and the last transaction happens 2015-01-05 18:12:07, it is still accepting transactions after 9:00


Someone wasn't aware of what's going on and send to the old address maybe?

The transactions after 9:00 are all small, maybe some testing going on, so most likely it is a cold wallet that still belongs to bitstamp. My guess is that this is not the compromised hot wallet, the compromised hot wallet is still unknown

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January 05, 2015, 10:51:24 PM
 #80

Seems to me those are the funds from the hot wallet: http://www.coindesk.com/bitstamp-claims-roughly-19000-btc-lost-hot-wallet-hack/

On another note, where did this statement come from? Was it made directly to Coindesk at CES maybe?
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