Bitcoinica MtGox account compromised

[stochastic]

https://bitcointalk.org/index.php?topic=95738.0

https://bitcointalk.org/index.php?topic=95738.0



+11111111111

I hope they start locking his account on this forum.  There is a lot of incriminating evidence on all this posts over the last year.

Uh, how would that help even if there was 100% proof?

How would it not help?  A few pages back he entered the LastPass account again without authorization.

It probably doesn't matter much at this point considering no one is going to trust bitcoinica with money anymore, but if a company doesn't bother to change passwords after hacks it's worth noting.

I don't think you followed the link, those accusations would be called embezzlement, money laundering, and wire fraud.  After this those previous 'hacks' could be called into question as well.

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[JoelKatz]

It just sucks that the Bitcoin world is so screwed up you basically have to stuff your money in your mattress

That's actually a feature, not a bug. Don't trust the bank, keep your money with you

"You don't have to X" is a feature. "You can't X" is a bug.

Plus, an equally serious adoption problem is that it is *very* hard to properly create and manage a secure wallet.

[Ente]

It just sucks that the Bitcoin world is so screwed up you basically have to stuff your money in your mattress

That's actually a feature, not a bug. Don't trust the bank, keep your money with you

"You don't have to X" is a feature. "You can't X" is a bug.

Plus, an equally serious adoption problem is that it is *very* hard to properly create and manage a secure wallet.

I was sure just about anyone sees it as a great plus, that you *can* securely stuff all coins in your mattress. On paper, on a usb drive, engraved in stone, in an encrypted email. That, for me, is one of the key features (among others). You don't have to, though. With results one can observe now, and could observe several times in the past.

On the contrary. It is now pretty simple and reasonably secure to create and manage a secure wallet. No matter if offline/paper (bitaddress.org) or cold (armory) or hot (encryption). It still involves more clicks, more live-cd-booting, more planning and more thoughts than a regular bank account, paypal, or buying bullion.

And yet, to me it seems a million times more secure and reasonable than those!

Ente

[caveden]

It just sucks that the Bitcoin world is so screwed up you basically have to stuff your money in your mattress

That's actually a feature, not a bug. Don't trust the bank, keep your money with you

"You don't have to X" is a feature. "You can't X" is a bug.

Come on, you can't say it's a "bitcoin bug" the fact that so many "bitcoin-banks" have failed. It is really unfortunate and even tragic to some, but it is not a "bug".

Most people, even professionals, don't really know how to secure critical private data. Even Sony lost lots of its private data once. Is it really such a surprise that small companies, however motivated they are, fail in something that big companies with tons of money to spend in security have also failed?

The main "problem", if you will, is that in bitcoin, differently from the "fiat world", your private data is your money. But that's also an advantage of the system, in some situations.

Plus, an equally serious adoption problem is that it is *very* hard to properly create and manage a secure wallet.

Agreed. But again, that's not that easy to solve either.
I expect these dedicated devices like bitcoincard and Ellet to be a huge contribution into solving this issue.

[JoelKatz]

Come on, you can't say it's a "bitcoin bug" the fact that so many "bitcoin-banks" have failed. It is really unfortunate and even tragic to some, but it is not a "bug".

It's not a "bitcoin bug" in the sense that it's a bug in bitcoin itself. It's a "bitcoin bug" in the sense that it's a defect in the ecosystem.

Most people, even professionals, don't really know how to secure critical private data. Even Sony lost lots of its private data once. Is it really such a surprise that small companies, however motivated they are, fail in something that big companies with tons of money to spend in security have also failed?

No, it's not. And the fact that using Bitcoins requires me to do something that's incredibly difficult to do right is a serious problem.

With fiat currency, banks are insured. If it's stolen, I can call the police and they at least understand the issue.

[caveden]

And the fact that using Bitcoins requires me to do something that's incredibly difficult to do right is a serious problem.

I agree. That's why I don't yet recommend bitcoin to non-technical people. At least not in any sensible amounts.
I do believe though it's just a matter of time until the resources necessary to overcome such problem are available.

[cnbtcnews]

New evidence shows that zhoutong is the hacker.

After Bitcoinica MtGox account compromised ,zhoutong sell LR in China.

日期:2012-7-12

Ryan(11853074) 20:03:18

6.2出LR，财付通付款

Ryan(11853074) 20:13:06

要多少有多少

Ryan(11853074) 20:13:12

我帮一个朋友出的

Ryan(11853074) 20:14:06

1万美元之内都没什么问题

Ryan(11853074) 20:17:18

LibertyReserve

And  zhoutong's LR account is :
http://cnbtcnews.com/wp-content/uploads/2012/07/zhongtongLRaccount.jpg

zhoutong said The hacker registered a Liberty Reserve account U9236056 at Jul 12, 2012 9:42 PM.

So now everyone knows zhoutong is the hacker!!!

[zhoutong]

I have posted a statement:

https://bitcointalk.org/index.php?topic=95795.0

[BitcoinBug]

Come on, you can't say it's a "bitcoin bug" the fact that so many "bitcoin-banks" have failed. It is really unfortunate and even tragic to some, but it is not a "bug".

It's not a "bitcoin bug" in the sense that it's a bug in bitcoin itself. It's a "bitcoin bug" in the sense that it's a defect in the ecosystem.

Yes? Somebody called me?
(sorry, couldn't resist )

[muyuu]

Does death punishment apply to minors in China?

[Bitcoin Oz]

Does death punishment apply to minors in China?

They just send them to labour camps for life.

[repentance]

Does death punishment apply to minors in China?

Why on earth would China have jurisdiction?

[Bitcoin Oz]

Does death punishment apply to minors in China?

Why on earth would China have jurisdiction?

Zhou Tong is currently in Australia so the first port of call would be the Australian federal police if anything.

[tbcoin]

Although at this point is very difficult to trust anyone, I prefer to believe the version of Zhou. We all seemed impossible and ridiculous that they could steal 40k dollars, without could be quickly and easily traceable, plus there is no need to risk having stolen so 40k bitcoins. Zhou's story reinforces my theory that the theft of dollars only pretended to distract the attention, but considering that never caught a bitcoins thief , makes more sense to go to incriminate Zhou.

Call me gullible but I see so

Honestly if the money is forthcoming, I do not care who stole it.

With so much idealism libertarian around the bitcoin and here already there who want to freeze bitcoin addresses ... should not be so hypocritical, nobody likes being robbed but we can not pretend to have a currency outside the government and come running to their laws when rob us.

PD:

It seems incredible that anyone thinks that Zhou is so stupid as to do something like that and get caught so foolishly..

[repentance]

Does death punishment apply to minors in China?

Why on earth would China have jurisdiction?

Zhou Tong is currently in Australia so the first port of call would be the Australian federal police if anything.

It would be Victoria Police.  The AFP only handles specific, designated Commonwealth crimes.  Victoria Police would investigate as far as they were able and then investigations would be handed off to international law enforcement agencies either through the memorandums of understanding we have with some nations or through Interpol in Canberra.

Although the AuxumXchange transactions were money laundering, if they didn't touch the Australian financial system in some way then it's unlikely that AUSTRAC's financial intelligence unit would be involved in any investigation.

[Bitcoin Oz]

Does death punishment apply to minors in China?

Why on earth would China have jurisdiction?

Zhou Tong is currently in Australia so the first port of call would be the Australian federal police if anything.

It would be Victoria Police.  The AFP only handles specific, designated Commonwealth crimes.  Victoria Police would investigate as far as they were able and then investigations would be handed off to international law enforcement agencies either through the memorandums of understanding we have with some nations or through Interpol in Canberra.

Although the AuxumXchange transactions were money laundering, if they didn't touch the Australian financial system in some way then it's unlikely that AUSTRAC's financial intelligence unit would be involved in any investigation.

The Victoria Police are the most corrupt in Australia

[bremer-btc-user]

does anybody else have problems to reach their personal Claim-Page at bitcoinica.com?
I tried the original Link of the Claim confirmation mail... and got an error....

[ninjarobot]

Same here, when I try to open my claim I now get:

Code:

Error 102 (net::ERR_CONNECTION_REFUSED): The server refused the connection.

Let me guess: The customer claims database has been wiped and there were no backups?

[Bitcoin Oz]

Same here, when I try to open my claim I now get:

Error 102 (net::ERR_CONNECTION_REFUSED): The server refused the connection.

Let me guess: The customer claims database has been wiped and there were no backups?

 

[Phinnaeus Gage]

Same here, when I try to open my claim I now get:

Error 102 (net::ERR_CONNECTION_REFUSED): The server refused the connection.

Let me guess: The customer claims database has been wiped and there were no backups?

 

Just goes to prove you never mess with a relic collector.

I need this very important question(s) answered. If I found a personalized affiliate code used for some well known company (not a Bitcoin entity) first used BBC (before Bitcoin), and that same code is used today directly linking to Bitcoin-type enterprises, namely key player(s) in this fiasco, would that be relevant? And what are the chances of any personalize affiliate code being abandoned, then picked up or transferred to some other (which I don't think is possible, but this is an important question in case I'm wrong).

If my research, which includes the above, is correct, then I'm taken aback by what I've discovered. Please accept my apologies for the suspense, but I do need the above questions answered before I proceed further.

~Bruno~