BitStamp - hacked and down

[bitcoin2.0]

https://www.youtube.com/watch?v=TtCVRIwcBYU&index=1&list=PLjgfpSQFJTLqbgHm8mkgPdD-ma7t0bRhK

decentralized BTC exchange cannot be hacked

(trustless / no counterparty risk / insured and secured by blockchain technology)

[Keyser Soze]

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".

Ok, prove these two bolded claims you made then:

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)

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.

[KIRAZ]

Nothing have been enclosed with hacked or compromised. They already gave a public statement, people just like to fud at this.
They To restate: "the bulk of our bitcoin are in cold storage, and remain completely safe."

[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".

Ok, prove these two bolded claims you made then:

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)

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.

Look to the Bitstamp numbers. Most of their deposits are coming from bank wires. How else? It's something normal.
How can you buy Bitcoin from Bitstamp if you want to trade? By bank wire, of course. How do you withdrawn your Bitcoin? By bank wire. All the transactions are through bank in the end because the people needs real money not Bitcoin.

So, BitStamp has a lot of money in their bank account which can cover any loss (or least should do it...who knows ...)

[mayax]

Nothing have been enclosed with hacked or compromised. They already gave a public statement, people just like to fud at this.
They To restate: "the bulk of our bitcoin are in cold storage, and remain completely safe."

please read again :

 "We have reason to believe that one of Bitstamp’s operational wallets was compromised on January 4th, 2015."


https://www.bitstamp.net/

[SirChiko]

again misinformation, domain not down..

Mtgox domain is up. Does it help?

Hah, right argument...but they promise (stamp) to cover the loses so why should there be an problem with value?

[Bit_Happy]

...
...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)

When miners and merchants sell BTC some/many of them quickly withdraw the fiat. To say that Bitstamp can cover lost Bitcoins from the bank account makes no sense in the real world.

There is no reason to panic, since Stamp has a much better track record than Gox ever did.

[mayax]

...
...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)

When miners and merchants sell BTC some/many of them quickly withdraw the fiat. To say that Bitstamp can cover lost Bitcoins from the bank account makes no sense in the real world.

There is no reason to panic, since Stamp has a much better track record than Gox ever did.

I am saying that all the Bitcoin that Bitstamp's clients are buying, are bought with real money by bank wire.
These money are in Bitstamp's bank account.

more than that, imagine someone is buying 1 BTC with 300 USD by bank wire and a week after 1 BTC = 200 USD. many are selling.
Make the calculations. Bitstamp had around of 2 MIL USD deposits per day.
a month ago  1 BTC = 380  .
now 1 BTC = 280 USD

100 USD is the difference. calculate how much they earned in 1 month only from bitcoin price.
YES, they earned millions in one month )


Ask your money back !

[Febo]

https://bitcointalk.org/index.php?action=profile;u=38966

You see. Vod knew this long time ago, that Bitstamp is scam. He placed negative trust t one of Bitstamp owner half year ago. If more people would listen to Vod, world of crypto would be much safer.

[Nagle]

As a reminder, here's the first Mt. Gox notice when they stopped withdrawals:

TOKYO - JAPAN - June 20th, 2013
      
Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within a timely manner, which has created unnecessary delays for our global customers. This is especially so for those in the United States who are requesting wire transfer withdrawals from their accounts.
      
We are currently making improvements to process withdrawals of United States Dollar (USD) denominations, and as a result are temporarily suspending cash withdrawals of USD for the next two weeks.

Please be reassured that USD deposits and transfers to Mt. Gox will remain unaffected, as will deposits and withdrawals in other currencies, and we will be resuming USD withdrawals once the process is completed.

We apologize for any inconvenience this causes our U.S. customers in the meantime, and look forward to resuming withdrawal service as well as debuting a dramatically improved trading engine which will be launching very soon.

Regards
Mt.Gox Co. Ltd Team.

That was the first of many excuses. Two weeks later, withdrawals did not resume. A few people were able to pry funds out of Mt. Gox after that date, but not many. On July 1, 2013, I wrote:

The important thing is not to buy or sell, it's to get assets out of Mt. Gox if you can. If Mt. Gox is honest, they have 100% of the funds deposited, and taking assets out of Mt. Gox won't hurt them. If they're not...

I'm saying the same thing this time. If there's any way you can get your assets out of Bitstamp, do it now. Do not delay. Use lawyers if necessary.

[Pustul]

Ask your money back !

Lol you keep saying that, tell me how instead...

[princesocapuyo]

Can someone explain this to me though? I mean, if they didn't get hacked then they scammed people? everyone keeps advising to get their money back like they're gonna lose it.

[P0rny]

Ask your money back !

Lol you keep saying that, tell me how instead...

Yep, unless you guys are hiding Bitstamp's employees in your pockets... exactly how are you going to "ask" for anything?

If someone has a spare genie, please lend me your lamp

[mayax]

call Bitstamp. travel to Slovenia if you are in Europe. it's 2 hours away of any Europe corner.


https://www.youtube.com/watch?v=ob9Ak1t09Ao

[stdset]

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

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

Btc-e also survived a hack back in 2012: https://bitcointalk.org/index.php?topic=96831.0

[mayax]

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

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

Btc-e also survived a hack back in 2012: https://bitcointalk.org/index.php?topic=96831.0

who is BTC-e owner or CEO ? do you know where is their office?

BTC-e is very fishy.

[stdset]

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

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

Btc-e also survived a hack back in 2012: https://bitcointalk.org/index.php?topic=96831.0

who is BTC-e owner or CEO ? do you know where is their office?

BTC-e is very fishy.

What you are trying to say? That they scammed somebody? I personally didn't experience any issues with them, neither with Bitstamp until now.

[mayax]

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

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

Btc-e also survived a hack back in 2012: https://bitcointalk.org/index.php?topic=96831.0

who is BTC-e owner or CEO ? do you know where is their office?

BTC-e is very fishy.

What you are trying to say? That they scammed somebody? I personally didn't experience any issues with them, neither with Bitstamp until now.

I am saying that many people are using fishy companies. who is BTC-e? give one name, a bank account under their company's name, give me something that it's real about them

[Bit_Happy]

...
...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)

When miners and merchants sell BTC some/many of them quickly withdraw the fiat. To say that Bitstamp can cover lost Bitcoins from the bank account makes no sense in the real world.

There is no reason to panic, since Stamp has a much better track record than Gox ever did.

I am saying that all the Bitcoin that Bitstamp's clients are buying, are bought with real money by bank wire.
These money are in Bitstamp's bank account....

Let's get on the same page, "1, 2, 3":

The people who make fiat deposits often never make cash withdrawals, if they only buy and remove BTC.
Much of the cash is taken out by others, who deposited and sold Bitcoins.

1) An unknown amount of Bitcoin is missing, not cash.
2) None of the missing Bitcoin can legally be replaced with money from "Bitstamp's bank account".
3) Telling people to withdraw cash does nothing for people who might have lost Bitcoins.

[mayax]

The lastest statement from CEO Nejc Kodrič :

"Bitstamp customers can rest assured that their bitcoins held with us as prior to temporary suspension of services on January 5th (at 9am UTC) are completely safe and will be honored in full.

On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC.  Upon learning of the breach, we immediately notified all customers that they should no longer make deposits to previously issued bitcoin deposit addresses.  As an additional security measure, we suspended our systems while we fully investigate the incident and actively engage with law enforcement officials.

This breach represents a small fraction of Bitstamp’s total bitcoin reserves, the overwhelming majority of which are are held in secure offline cold storage systems. We would like to reassure all Bitstamp customers that their balances held prior to our temporary suspension of services will not be affected and will be honored in full.

We appreciate customers’ patience during this disruption of services. We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days. Customers can stay informed via updates on our website, on Twitter (@Bitstamp) and through Bitstamp customer support at support@bitstamp.net."

So. all the "rumors" were right. 5 MIL lost.

The website will be (MAYBE) online a 1 week or so...i recommend you to ask your money back those who deposited them by bank wire.