BitStamp - hacked and down

[mayax]

Bitstamp problem is on the news :  http://www.cnbc.com/id/102309754

12 hours without any update !

Ask your money back by bank wire. They must have the money in their bank account.

Do not be passive as you were with Mt.Gox. Claim your money back.

Almost all the deposits were made by bank wire to Bitstamp so they have your money

[elephantas1]

so that 40 dollar price drop yesterday was because of this hack? am i right?

[psybits]

Bitstamp problem is on the news :  http://www.cnbc.com/id/102309754

12 hours without any update !

Ask your money back by bank wire. They must have the money in their bank account.

Do not be passive as you were with Mt.Gox. Claim your money back.

Almost all the deposits were made by bank wire to Bitstamp so they have your money

Well if you take what they are saying at face value: "As a security precaution against compromises Bitstamp only maintains a small fraction of customer bitcoins in online systems. Bitstamp maintains more than enough offline reserves to cover the compromised bitcoins. "

There is probably nothing to worry about. Time will tell I suppose.

[mayax]

Bitstamp problem is on the news :  http://www.cnbc.com/id/102309754

12 hours without any update !

Ask your money back by bank wire. They must have the money in their bank account.

Do not be passive as you were with Mt.Gox. Claim your money back.

Almost all the deposits were made by bank wire to Bitstamp so they have your money

Well if you take what they are saying at face value: "As a security precaution against compromises Bitstamp only maintains a small fraction of customer bitcoins in online systems. Bitstamp maintains more than enough offline reserves to cover the compromised bitcoins. "

There is probably nothing to worry about. Time will tell I suppose.

let's say these are the facts. is it hard to write another update?

 there are many people who are waiting few words. also, i don't blame anybody who is worried because MTgox felt almost in the same way.

[psybits]

Bitstamp problem is on the news :  http://www.cnbc.com/id/102309754

12 hours without any update !

Ask your money back by bank wire. They must have the money in their bank account.

Do not be passive as you were with Mt.Gox. Claim your money back.

Almost all the deposits were made by bank wire to Bitstamp so they have your money

Well if you take what they are saying at face value: "As a security precaution against compromises Bitstamp only maintains a small fraction of customer bitcoins in online systems. Bitstamp maintains more than enough offline reserves to cover the compromised bitcoins. "

There is probably nothing to worry about. Time will tell I suppose.

let's say these are the facts. is it hard to write another update?

 there are many people who are waiting few words. also, i don't blame anybody who is worried because MTgox felt almost in the same way.

Sure if I had coins in Bitstamp I would be worried too. IF Bitstamp are telling the truth everything will be ok. Time will tell.

[Bobsurplus]

That's fucked... How much have they lost?

[Supercrypt]

so that 40 dollar price drop yesterday was because of this hack? am i right?

i think yea because people are afraid of mt.gox shutdown and don't want to take risk anymore
they think bitstamp is next after mt.gox

[shorena]

-snip-
Sure if I had coins in Bitstamp I would be worried too. IF Bitstamp are telling the truth everything will be ok. Time will tell.

Who keeps his/her coins on an exchange anyway... well


I got a mail from bitstamp:

Code:

Dear customer,

Today our transaction processing server detected problems with our hot wallet and stopped processing withdrawals.

You should STOP SENDING bitcoin deposits to your Bitstamp account IMMEDIATELY as private keys of your deposit address may be lost.

Your bitcoins already deposited with us are stored in a cold wallet and can not be affected.

We will send you more info as soon as possible.

Best regards,

Bitstamp team 

as I dont keep my coins on an exchange I didnt bother to login and check.

[psybits]

so that 40 dollar price drop yesterday was because of this hack? am i right?

i think yea because people are afraid of mt.gox shutdown and don't want to take risk anymore
they think bitstamp is next after mt.gox

I think the price drop was before the hack actually ....

[ScreamnShout]

Very bad news, they handled it well though.

[psybits]

Very bad news, they handled it well though.

That remains to be seen. If they are telling the truth and they have the funds to cover all customer Bitcoin (and don't take 6 months to return it to people) then they have handled it very well indeed.

[ScreamnShout]

Very bad news, they handled it well though.

That remains to be seen. If they are telling the truth and they have the funds to cover all customer Bitcoin (and don't take 6 months to return it to people) then they have handled it very well indeed.

They mention a cold storage supply to reimburse users if they do not act on this it will kill their business.

[mayax]

so that 40 dollar price drop yesterday was because of this hack? am i right?

i think yea because people are afraid of mt.gox shutdown and don't want to take risk anymore
they think bitstamp is next after mt.gox

I think the price drop was before the hack actually ....

and because of the fake transactions. all big exchangers reported fake transactions. almost 50% are fake.
they manipulated the Bitcoin price and Bitstamp is not a stranger of this, being the 3rd one as volume.


https://www.cryptocoinsnews.com/fake-transaction-chains-double-2014-bitcoin-volume/

[mayax]

Very bad news, they handled it well though.

That remains to be seen. If they are telling the truth and they have the funds to cover all customer Bitcoin (and don't take 6 months to return it to people) then they have handled it very well indeed.

They mention a cold storage supply to reimburse users if they do not act on this it will kill their business.

I repeat, almost ALL the money are in their bank account.

Most of the people are depositing by bank wire so, Bitstamp has the money as fiat currency.

Let's say the BTC from Bitstamp wallets disappear, the BTC is backed by real money(at least 90% from it)

[psybits]

so that 40 dollar price drop yesterday was because of this hack? am i right?

i think yea because people are afraid of mt.gox shutdown and don't want to take risk anymore
they think bitstamp is next after mt.gox

I think the price drop was before the hack actually ....

and because of the fake transactions. all big exchangers reported fake transactions. almost 50% are fake.
they manipulated the Bitcoin price and Bitstamp is not a stranger of this, being the 3rd one as volume.


https://www.cryptocoinsnews.com/fake-transaction-chains-double-2014-bitcoin-volume/

That article doesn't say anything about exchanges faking transactions?

Even without the long chain transactions the article refers to - Bitcoin transactions have been steadily increasing.

Not really sure what evidence you have for your claims?

[carlosiness]

again misinformation, domain not down..

[rokkyroad]

Do any of these situations end well? Gox, Vircurex, Cryptorush, Mintpal.

Only one that I know of: Poloniex was hacked but paid everyone back.

[mayax]

again misinformation, domain not down..

Mtgox domain is up. Does it help?

[Keyser Soze]

That article doesn't say anything about exchanges faking transactions?

Even without the long chain transactions the article refers to - Bitcoin transactions have been steadily increasing.

Not really sure what evidence you have for your claims?

He doesn't have any, he just wants to spread fud.

[mayax]

please tell that to Mt Gox clients who lost A LOT of money.

People like you came at that time saying that "someone is spreading FUD".

I am just saying that Bistamp's clients must claim their money back. Their money are into Bitstamp's bank account. They don't have to be passive as they were with MTgox.

They must react from the first moment an exchanger is "down" for a "hacking" problem.