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Author Topic: 796 lost 1,000 bitcoin  (Read 10711 times)
hl5460
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January 28, 2015, 04:28:35 AM
 #1

796 lost 1000 bitcoin when dealing with customer withdrawal request, paid with shareholder's interest.
More http://8btc.com/thread-13689-1-1.html

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Sindelar1938
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January 28, 2015, 04:41:44 AM
 #2

What does this mean? A little lost here

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January 28, 2015, 05:00:15 AM
 #3

What does this mean? A little lost here

After translation from google, seems that a Chinese exchange called 796 was hacked out of 1,000 BTC, by hackers switching the deposit (or withdrawal) address.. or something to that effect.

"... after detailed analysis of various logs and audit records, we found the system to update a few days ago the existence of sub-module exploited by hackers, causing the user to mention the current address has been tampered with, coupled with hackers deliberately used a similar address with the original withdrawals address to confuse users and our manual review."

Here is the google translation link I used.
https://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2F8btc.com%2Fthread-13689-1-1.html&sandbox=1


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Sindelar1938
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January 28, 2015, 05:13:35 AM
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Thanks mate
That's pretty shocking if true, surprised that Coindesk hasn't picked this up yet

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January 28, 2015, 05:23:28 AM
 #5

796 lost 1000 bitcoin when dealing with customer withdrawal request, paid with shareholder's interest.
More http://8btc.com/thread-13689-1-1.html


Thanks i remember never using 796 but that it is the only other exchange besides havelock to have had any Asicminer shares for trading after Btct and bitfunder shut down.

It's strange though I don't see it on 796 as a news bulletin but it was on weibo so thanks for the note

Thanks mate
That's pretty shocking if true, surprised that Coindesk hasn't picked this up yet


Language barrier it's a Chinese exchange they will catch it soon enough I bet.
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January 28, 2015, 05:55:16 AM
 #6

What does this mean? A little lost here
We have been tracking the progress. Hacker replaced the customer's withdrawal address with his own address. 796 will compensate the customer with shareholder's interest.

bitcoin_bagholder
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January 28, 2015, 05:59:10 AM
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What does this mean? A little lost here
We have been tracking the progress. Hacker replaced the customer's withdrawal address with his own address. 796 will compensate the customer with shareholder's interest.

With shareholder's interest eh.

How many years would that take?

Sure this "hack" wasn't an inside job?

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January 28, 2015, 06:04:52 AM
 #8

796 is futures trade site.
Most people there are just gamblers, speculating at 20x or even 50x original rate.

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January 28, 2015, 06:06:07 AM
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What does this mean? A little lost here
We have been tracking the progress. Hacker replaced the customer's withdrawal address with his own address. 796 will compensate the customer with shareholder's interest.

With shareholder's interest eh.

How many years would that take?

Sure this "hack" wasn't an inside job?
It has caused suspicious problems. In weibo (Chinese version of Twitter), some has argued it might be the user himself who did the job.

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January 28, 2015, 10:03:58 AM
 #10

796 lost 1000 bitcoin when dealing with customer withdrawal request, paid with shareholder's interest.
More http://8btc.com/thread-13689-1-1.html


Found out about this site for the first time a few days ago, it was becoming quite popular with traders.  Seems hard to believe all these hacks.... i mean 1k bitcoins gone wtf ? hope you guys dont have funds on the site.
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January 28, 2015, 10:41:38 AM
 #11

What does this mean? A little lost here
We have been tracking the progress. Hacker replaced the customer's withdrawal address with his own address. 796 will compensate the customer with shareholder's interest.

With shareholder's interest eh.

How many years would that take?

Sure this "hack" wasn't an inside job?
It has caused suspicious problems. In weibo (Chinese version of Twitter), some has argued it might be the user himself who did the job.

That i would believe.

Bitcoinexp
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January 28, 2015, 10:54:25 AM
 #12

That's probably gonna cripple the exchange.  Shocked
Why exactly 1000 bitcoins though?  Tongue

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January 28, 2015, 12:23:26 PM
 #13

That's probably gonna cripple the exchange.  Shocked
Why exactly 1000 bitcoins though?  Tongue

Inside job of course

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January 28, 2015, 12:27:35 PM
 #14

When the f*ck will people learn, and stop keeping large amounts of money at exchanges. Especially shitty, small, non-transparent, obscure, unproven, or lacking-solid-reputation ones.

The only two exchanges I would currently trust my money with, are Kraken and Bitstamp. And then still, why the hell would I be keeping my money there if it's much safer in my own wallet.

Get this, people: EXCHANGES ARE NOT BANKS OR SAVING ACCOUNTS!

In theory, there's no difference between theory and practice. In practice, there is.
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January 28, 2015, 12:30:47 PM
 #15

I've never know the existen of 796.com until today , I was lucky :/.  An hack attack  Huh
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January 28, 2015, 12:47:16 PM
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I've never know the existen of 796.com until today , I was lucky :/.  An hack attack  Huh

Hack attack, Basically it is. Someone hacked the system and changed the withdrawal address of the customers.

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January 28, 2015, 12:58:17 PM
 #17

I've never know the existen of 796.com until today , I was lucky :/.  An hack attack  Huh

Hack attack, Basically it is. Someone hacked the system and changed the withdrawal address of the customers.

But then.... How does the hacker know the person who he switched his cashout address with has so many coins in his account?


redsn0w
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January 28, 2015, 12:59:34 PM
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I've never know the existen of 796.com until today , I was lucky :/.  An hack attack  Huh

Hack attack, Basically it is. Someone hacked the system and changed the withdrawal address of the customers.

But then.... How does the hacker know the person who he switched his cashout address with has so many coins in his account?



A know what is an hack attack  Cheesy , my [Huh] it was for the security of the various sites/exchanges .
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January 28, 2015, 01:05:06 PM
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I've never know the existen of 796.com until today , I was lucky :/.  An hack attack  Huh

Hack attack, Basically it is. Someone hacked the system and changed the withdrawal address of the customers.

But then.... How does the hacker know the person who he switched his cashout address with has so many coins in his account?



A know what is an hack attack  Cheesy , my [Huh] it was for the security of the various sites/exchanges .

Huh? What does that mean  Cheesy

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January 28, 2015, 01:20:15 PM
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Quite disappointing it took them this long to notice it, did they just think nobody was making deposits anymore?

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