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Devin Chow (OP)
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January 08, 2015, 10:15:57 AM
Last edit: January 26, 2015, 11:51:38 PM by Devin Chow
 #1

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Elwar
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January 08, 2015, 10:17:32 AM
 #2

They said they keep 10-15% in hot storage.

So...at least 180,000 bitcoins.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
CoinCidental
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January 08, 2015, 10:23:23 AM
 #3

They said they keep 10-15% in hot storage.

So...at least 180,000 bitcoins.

"they said"........... can we still believe anything a "hacked" exchange says though ? thats the real question
if the past is anything to go by ,get out everything you can ASAP
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January 08, 2015, 10:33:32 AM
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I think cold wallet is this one https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa
asdlolciterquit
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January 08, 2015, 10:40:34 AM
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How do you know this?
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January 08, 2015, 12:43:30 PM
 #6

They said they keep 10-15% in hot storage.

So...at least 180,000 bitcoins.

I think 180,000 coins is quite a low number for such a large exchange.

Especially when there are plenty of large traders with at least 2,000+ Bitcoins.
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January 08, 2015, 12:49:49 PM
 #7

They said they keep 10-15% in hot storage.

So...at least 180,000 bitcoins.

I think 180,000 coins is quite a low number for such a large exchange.

Especially when there are plenty of large traders with at least 2,000+ Bitcoins.


"As of 13:00 CEST 24/05/2014, Bitstamp held 183,497.40310794 BTC in their cold wallet."

http://www.coindesk.com/bitstamp-passes-audit-overseen-bitcoin-developer-mike-hearn/

“Bitcoin is wild and crazy investment that I’m diversifying out of all the time,” - Gavin Andresen
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January 08, 2015, 12:54:50 PM
 #8

They said they keep 10-15% in hot storage.

So...at least 180,000 bitcoins.

I think 180,000 coins is quite a low number for such a large exchange.

Especially when there are plenty of large traders with at least 2,000+ Bitcoins.


"As of 13:00 CEST 24/05/2014, Bitstamp held 183,497.40310794 BTC in their cold wallet."

http://www.coindesk.com/bitstamp-passes-audit-overseen-bitcoin-developer-mike-hearn/

I already knew that.

Still I think it's quite a low number of coins for such a large exchange.

The 30K whale had nearly 17% of their total coin holdings.
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January 08, 2015, 12:56:16 PM
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Well maybe most of those "large traders" are smart enough to not keep their coins on the exchange all the time.
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January 08, 2015, 01:00:07 PM
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Looks like this guy did some blockchain forensics and the results do not look good...
The whole thing is pretty fishy if you ask me.

http://www.reddit.com/r/Bitcoin/comments/2rqarz/what_happened_to_bitstamp_blockchain_forensics/


https://twitter.com/Datavetaren/status/553094243674501121
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January 08, 2015, 01:02:07 PM
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Looks like this guy did some blockchain forensics and the results do not look good...
The whole thing is pretty fishy if you ask me.

http://www.reddit.com/r/Bitcoin/comments/2rqarz/what_happened_to_bitstamp_blockchain_forensics/


https://twitter.com/Datavetaren/status/553094243674501121

Presumably you have read the content and the comments below. If so, why post?
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January 08, 2015, 01:04:16 PM
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google for bitstamp cold wallet address and you'll find that right away.  Grin

but bitstamp claim to have 183,497.40310794 BTC... hmmm never mind, wrong date
Wandererfromthenorth
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January 08, 2015, 01:05:29 PM
Last edit: January 08, 2015, 02:42:54 PM by Wandererfromthenorth
 #13

Looks like this guy did some blockchain forensics and the results do not look good...
The whole thing is pretty fishy if you ask me.

http://www.reddit.com/r/Bitcoin/comments/2rqarz/what_happened_to_bitstamp_blockchain_forensics/


https://twitter.com/Datavetaren/status/553094243674501121

Presumably you have read the content and the comments below. If so, why post?
What do you mean?
It's an ongoing debate.

I hope everything's fine and people get their money out in the end of course...
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January 08, 2015, 01:09:32 PM
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google for bitstamp cold wallet address and you'll find that right away.  Grin

but bitstamp claimed to have 183,497.40310794 BTC... hmmm

Yes, as already mentioned, you can trace coins from audit to this address.
There are some others that can should be Stamps.
1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa
1JYTUJZMTsJkqDfLzBG1bGcaBngLgSPAoQ
1PuSoNughjE4zTdRQS2sDhLEFbVgkB3kS7
16vXP31udcx67Xk9KZJNAq2JM6i4hFSGyh
1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew
1ABobw22YXGu4vKtysgX9AKRqz3fUFWv4E
1GVtpiTSEwC1vUe3UGFRBHjGTrWVFuiArs
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January 08, 2015, 01:19:45 PM
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google for bitstamp cold wallet address and you'll find that right away.  Grin

but bitstamp claim to have 183,497.40310794 BTC... hmmm never mind, wrong date

Yeah, the dropping size of the cold storage could simply be explained through losing market share to bitfinex/okcoin/etc; In november 2013 they had 194,933 BTC and in May 2014 about 10k less. After all they haven't done much to compete against modern exchanges like okcoin and bitfinex.

“Bitcoin is wild and crazy investment that I’m diversifying out of all the time,” - Gavin Andresen
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January 08, 2015, 01:54:03 PM
 #16


google for bitstamp cold wallet address and you'll find that right away.  Grin

but bitstamp claim to have 183,497.40310794 BTC... hmmm never mind, wrong date

Yeah, the dropping size of the cold storage could simply be explained through losing market share to bitfinex/okcoin/etc; In november 2013 they had 194,933 BTC and in May 2014 about 10k less. After all they haven't done much to compete against modern exchanges like okcoin and bitfinex.

Or they were bleeding bitcoins through an exploit.

It would be very reassuring to know they are holding 134 000 BTC, they should sign the address here : https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa

They said they keep 10-15% in hot storage.

So...at least 180,000 bitcoins.

"they said"........... can we still believe anything a "hacked" exchange says though ? thats the real question
if the past is anything to go by ,get out everything you can ASAP

The site is not accessible.
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January 08, 2015, 03:08:07 PM
 #17


google for bitstamp cold wallet address and you'll find that right away.  Grin

but bitstamp claimed to have 183,497.40310794 BTC... hmmm

Yes, as already mentioned, you can trace coins from audit to this address.
There are some others that can should be Stamps.
1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa
1JYTUJZMTsJkqDfLzBG1bGcaBngLgSPAoQ
1PuSoNughjE4zTdRQS2sDhLEFbVgkB3kS7
16vXP31udcx67Xk9KZJNAq2JM6i4hFSGyh
1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew
1ABobw22YXGu4vKtysgX9AKRqz3fUFWv4E
1GVtpiTSEwC1vUe3UGFRBHjGTrWVFuiArs

Bitstamp probably created the biggest bitcoin wallet ever for the audit, but I doubt all their cold storage bitcoins were in that one address beforehand. Why put all your eggs in one basket? Their cold storage is probably now spread out among multiple addresses, most likely including those above.
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January 08, 2015, 03:59:17 PM
 #18


google for bitstamp cold wallet address and you'll find that right away.  Grin

but bitstamp claim to have 183,497.40310794 BTC... hmmm never mind, wrong date

Yeah, the dropping size of the cold storage could simply be explained through losing market share to bitfinex/okcoin/etc; In november 2013 they had 194,933 BTC and in May 2014 about 10k less. After all they haven't done much to compete against modern exchanges like okcoin and bitfinex.

Or they were bleeding bitcoins through an exploit.

It would be very reassuring to know they are holding 134 000 BTC, they should sign the address here : https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa

They said they keep 10-15% in hot storage.

So...at least 180,000 bitcoins.

"they said"........... can we still believe anything a "hacked" exchange says though ? thats the real question
if the past is anything to go by ,get out everything you can ASAP

The site is not accessible.

i meant ASAP as in at the earliest opportunity.........as soon as it opens if i had money or coin there i would withdraw
i imagine many people will do the same
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January 08, 2015, 05:41:31 PM
 #19


google for bitstamp cold wallet address and you'll find that right away.  Grin

but bitstamp claim to have 183,497.40310794 BTC... hmmm never mind, wrong date

Yeah, the dropping size of the cold storage could simply be explained through losing market share to bitfinex/okcoin/etc; In november 2013 they had 194,933 BTC and in May 2014 about 10k less. After all they haven't done much to compete against modern exchanges like okcoin and bitfinex.

Or they were bleeding bitcoins through an exploit.

It would be very reassuring to know they are holding 134 000 BTC, they should sign the address here : https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa

They said they keep 10-15% in hot storage.

So...at least 180,000 bitcoins.

"they said"........... can we still believe anything a "hacked" exchange says though ? thats the real question
if the past is anything to go by ,get out everything you can ASAP

The site is not accessible.

i meant ASAP as in at the earliest opportunity.........as soon as it opens if i had money or coin there i would withdraw
i imagine many people will do the same

Yes it will be a good test of their sound finances but if they resume operations and they can prove they own enough BTC to cover deposits most people will trust them and will keep using bitstamp to get fiat or btc and will keep bitcoins or fiat on the exchange to trade.
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