Bitcoinica MtGox account compromised

[m3ta]

Because I was having that much faith into bitcoins.

Having faith in Bitcoins and having faith in Bitcoinica are two SO DIFFERENT things...

[1713946883]

1713946883

[IIOII]

No, this is not the users' fault. Why should the bitcoinica users eat all the loss?

+1

It makes no sense to make us eat the loss. That is their own fault. They need to all stop taking a paycheck like Zhou did and/or start eating muesli with even cheaper milk and cough up the money out of pocket.

Some of us have undeniable proof and we want our money back.

+1

[vapourminer]

if they had paid out all those verified claims in a timely manner, there (probably) wouldnt have been all that coin and money in mtgox to steal.

PS I have nothing in bitcoinia, just observing with disbelief.

[kiba]

PS I have nothing in bitcoinia, just observing with disbelief.

Me neither. Sorry for everyone that was involved. It must be a sucky day to be the owner of bitcoinica.

But still..Bitcoin not in cold wallet? WTF MAN? This is basic bitcoin security 101.

[zveda2000]

My theory is that genjix sold the bitcoins short hoping to buy them back cheaper. That explains  http://bitcoinmedia.com/bitcoin-euro-stories-are-exaggerated/.

But, the price went up 50% and so 1/3 of the bitcoins were 'lost'. genjix is a poker player and gambler. Also this would explain the desperate sell walls of 40k btc of the last couple of days.

I hope I am wrong..

[kiba]

My theory is that genjix sold the bitcoins short hoping to buy them back cheaper. That explains  http://bitcoinmedia.com/bitcoin-euro-stories-are-exaggerated/.

But, the price went up 50% and so 1/3 of the bitcoins were 'lost'. genjix is a poker player and gambler. Also this would explain the desperate sell walls of 40k btc of the last couple of days.

I hope I am wrong..

This is all nonsense without facts to back it up.

[Transisto]

How many attempts does LastPass give people to enter their password before locking the account?
...

LastPass uses offline (aka client-side) authentication, so basically you get unlimited attempts at guessing a password. This is not a bad thing per se, provided the password is strong enough and *randomly generated*.

False, Lastpass provide an offline feature*, you first must log into it to download the encrypted content.

[Phinnaeus Gage]

I just finished reading page one, and I can't believe what I'm reading. I serious can't.

There's is no way in the name of Jehovah that a police report should not be filed.

If a police report is not filed within 24 hours, I will start a petition, amassing names of those who demand a scammer tag be affixed to all user names on this forum attached to Bitcoinica, staying on their account until every last $ or BTC is returned.

At this stage, there is no fucking reason why a police report should not be filed.

24 HOURS!!! Mark!

~Bruno~

[zveda2000]

This is all nonsense without facts to back it up.

Does it really make less sense than the story being told here?

[tbcoin]

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no comments

[naima53]

My theory is that genjix sold the bitcoins short hoping to buy them back cheaper. That explains  http://bitcoinmedia.com/bitcoin-euro-stories-are-exaggerated/.

But, the price went up 50% and so 1/3 of the bitcoins were 'lost'. genjix is a poker player and gambler. Also this would explain the desperate sell walls of 40k btc of the last couple of days.

I hope I am wrong..

I thought so too .. So far, nothing for me, no payment ..

[zveda2000]

Think about it. genjix takes a very long time to pay people back.. taking time out to write an article bashing bitcoin for the first time ever (a comment to the article even states "i thought Amir was pro-Bitcoin?"). Then as soon as the price jumps to $7.50, oh we had another hacking and 1/3 of the BTC are gone.

[vampire]

May be I am dumb - so they had the last pass's password set to be the same as the Mt.Gox API key? If true, uh oh - this is just so unbelievable....

[kiba]

Think about it. genjix takes a very long time to pay people back.. taking time out to write an article bashing bitcoin for the first time ever (a comment to the article even states "i thought Amir was pro-Bitcoin?"). Then as soon as the price jumps to $7.50, oh we had another hacking and 1/3 of the BTC are gone.

Everyday he stays in the UK, another day goes by when the police can arrest him. He's a person and we know his face. If he's trying to run away with the money, he have nothing to gain from reaping scorn on him.

Sometime, the simplest explanation is that people screwed up so massively that it looks like an inside job.

Frankly, I am tired of people screwing up left and right. (Even I lost some coins...to mybitcoin)

[dopamine]

Whoa so no update on how they going to pay back everyone...

[flatfly]

The payments process was looking good, but now Patrick has walked away and I'm unsure what happens next.

I am very confident genjix is an honest and dedicated guy trying his best at managing this very stressful episode.

However, am I the only one getting the impression that the actual owners/managers of Bitcoinica are jumping ship one after the other, not even caring to give any updates anymore, while leaving genjix as a scapegoat here?

Genjix, do seek help as soon as possible, you shouldn't be left alone to handle this mess.

[hazek]

No, this is not the users' fault. Why should the bitcoinica users eat all the loss?

+1

It makes no sense to make us eat the loss. That is their own fault. They need to all stop taking a paycheck like Zhou did and/or start eating muesli with even cheaper milk and cough up the money out of pocket.

Some of us have undeniable proof and we want our money back.

Actually they need to honor their terms of use their clients agreed to and if they didn't make any guarantees about security they're off the hook and it's the client's fault for putting money someplace where such guarantees weren't made.

[Bitcoin Oz]

Lastpass now has google authenticator fwiw.

[kiba]

However, am I the only one getting the impression that the actual owners/managers of Bitcoinica are jumping from the sinking ship one after the other, not even caring to give any updates anymore, while leaving genjix as a scapegoat here?

Who the hell are the owners?

[dopamine]

I will post another update once I know more. I'm guessing that payments will have to take a forced 30% cut. This has cost everyone a lot of money, time and stress dealing with this mess. We are actively losing money from dealing with the payouts.

So basically bitcoinica was losing money paying back claims, can you explain how you loose money thats not even yours paying back claims?