bitstamp 18,000 bitcoins stolen? -confirmed

[fairlay]

If you have reliable information when or if at all Bitstmap will return and withdrawals will be possible you can directly earn money on our prediction market: https://www.fairlay.com/event/category/bitcoin/bad-news/

If not you can at least have a look what people are thinking how are willing to put money on it.

[Mieehayii]

is this figure accurate? 18,000BTC  mtgox2
where should we trading the next?

[fran2k]

Bad and sad news.

Hopefully 2FA will be incorporated into Bitcoin at protocol level if it proves to be a success for Darkcoin.

Imagine that...stolen coins unspendable...

That's what multisig is for...

There was a story about a dark market silk road successor site that was busted, but the feds could not get users bitcoins because the site used multisig. If a dodgy website like that can use multisig why can't the legit exchanges? They could at least offer it as optional.

Was that SR2 ? Didn't realize that they were using multisig. It's clear it should be the standard ASAP.

[smoothie]

If they got robbed, you would think they have some form of insurance covering the losses.
Fees they get per trade should IMO cover any flaw or hack that gets exploited.

If they have learned anything from GOX they will give people their money without fuss and bite the bullet.
If they do that trust in Bitcoin will remain and they will be a trusted and respected exchange.

For now they are taking the only valid approach and that is shutting it down to stop any secondary hacks and scan for forensics.

I have no money in Bitstamp but I am looking how Bitstamp resolves this problem.  

I would imagine there would be a run on coins and fiat to get out of bitstamp as soon as f*cking possible.

If I had a hefty sum of BTC and/or fiat I would want 100% of each out of there as soon as possible

If bitstamp doesn't have enough of their own stash to cover the losses and a run on coins and fiat withdraws they will be mtgox 2.

Biting the bullet would be ideal for trust of their customers.

If they don't bite the bullet and cover the losses and allow full BTC and fiat withdrawals with no unnecessary delays... I will never use them again and will do the same as I did with mtgox and post all over this forum how they are hiding their insolvency.

Let us hope they step up to the plate and take the loss from their own funds and let people get their money out.

This article says Bitstamp got $10m investment from Pantera Capital in 2013. That alone's enough to cover a $5m loss.

http://www.coindesk.com/paypal-bitstamp-chief-compliance-officer/

yes im sure their investors will be "okay" with taking half of their capital investment to cover their incompetence in this latest hack. 

[Biodom]

While in fiat land...$31 mil was stolen from XOOM ("thieves impersonating employees transfer money to overseas accounts" ...hmmm.. bizzaro)
http://www.marketwatch.com/story/xoom-shares-drop-after-31-million-stolen-2015-01-05

[fran2k]

From wall observer

This is pretty weird -> https://twitter.com/AdamGuerbuez/status/551862867956617216

WTF is this? Who is this guys?

Who knows where this statement was made: http://www.coindesk.com/bitstamp-claims-roughly-19000-btc-lost-hot-wallet-hack/

On their homepage :  https://www.bitstamp.net/

No, that still has the old statement. The coindesk article contains a new one from Bitstamps CEO admitting the 19000 BTC are lost.

So effectively someone managed to stole the hot wallet. This is a shame again for bitcoin. We should move on to multisig exchanges and p2p exchanges with FIAT assets like BitShares bitUSD.

[galdur]

So, the 18,867.63256844 BTC are sitting here

https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

What´s the problem then ?

[waterpile]

This is why people will lose faith in BTC businesses. Always getting hacked like what happened to Mt.Gox

* 18kBTC that will make the price go down..

[galdur]

This is why people will lose faith in BTC businesses. Always getting hacked like what happened to Mt.Gox

* 18kBTC that will make the price go down..

Yeah, like a bird landing on an elephant.

Anyway, since the bitcoins are accounted for and sitting there in a wallet for all to see

what exactly is the problem ?

[smoothie]

This is why people will lose faith in BTC businesses. Always getting hacked like what happened to Mt.Gox

* 18kBTC that will make the price go down..

Yeah, like a bird landing on an elephant.

Anyway, since the bitcoins are accounted for and sitting there in a wallet for all to see

what exactly is the problem ?

If I am not mistaken they do not control that wallet.

[galdur]

This is why people will lose faith in BTC businesses. Always getting hacked like what happened to Mt.Gox

* 18kBTC that will make the price go down..

Yeah, like a bird landing on an elephant.

Anyway, since the bitcoins are accounted for and sitting there in a wallet for all to see

what exactly is the problem ?

If I am not mistaken they do not control that wallet.

At least the loot has been located. That would seem to be a positive sign.

[smoothie]

This is why people will lose faith in BTC businesses. Always getting hacked like what happened to Mt.Gox

* 18kBTC that will make the price go down..

Yeah, like a bird landing on an elephant.

Anyway, since the bitcoins are accounted for and sitting there in a wallet for all to see

what exactly is the problem ?

If I am not mistaken they do not control that wallet.

At least the loot has been located. That would seem to be a positive sign.

True. but they will find a way to move the coins around via mixers to avoid being caught.

The coins are not in bitstamp's possession as far as I can tell.

[galdur]

It´s sitting there at blockchain.info marked

Bitstamp Hack

Unless that site is run by retarded people the funds must be frozen.

[waterpile]

It´s sitting there at blockchain.info marked

Bitstamp Hack

Unless that site is run by retarded people the funds must be frozen.

tell me how can that wallet be frozen? Just give it a time and you will see how those coins will be moved.

[galdur]

I take it that those idiots at Bitstamp contacted some law enforcement

which then are in all likelihood aware of the location of the loot.

[galdur]

If thieves can deposit loot in a wallet for all to see specially

marked LOOT and then calmly take their time withdrawing it

then bitcoin is doomed for sure

[bitcon]

poor daytraders.  i feel sorry for them being ripped off.... not. 

[awais3344_1]

so they're definitely stolen.

http://www.coindesk.com/bitstamp-claims-roughly-19000-btc-lost-hot-wallet-hack/

[Nrcewker]

unfortunately, this news has been confirmed

[AceWallen]

poor daytraders.  i feel sorry for them being ripped off.... not. 

really? that's pretty cold. they are helping to provide liquidity, and helping overall price discovery. why the hate?