BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE |

[redsn0w]

What's going on...

more than 48 hours without any news, believe it or not, i'm really worring

Hope the best for Bter.

Or maybe also "hope the best to those people that have lost their bitcoins". Now every one know to not keep the own coins into an exchange, until they will start to "save" the bitcoins in a multi sig. cold wallet (in the correct way).

[VenusFlyTrap]

Is there a Chinese Bitcoin Embassy ?

Chinese bitcoin embassy?

[thunderjet]

Nobody mention,but BTER has also huge CNY deposits which are at least 10-15 times bigger than BTC and altcoins deposits altogether.Because of that they cant just disappear. Chinese government will catch them quickly and make example of them.


As I see,stolen BTCs are not moving,so thief/thieves probably want to extort money and that behavior looks suspiciously same like it was the case with NXT hacker few months ago.BTC nodes (used to obtain transactions) triangulation analysis gives 75% probability that thief is from Poland and 25% from Ukraine.Analysis of nodes server connections in the time of transactions could give much more information - I hope so that BTER already doing it.

[readysalted89]

Nobody mention,but BTER has also huge CNY deposits which are at least 10-15 times bigger than BTC and altcoins deposits altogether.Because of that they cant just disappear. Chinese government will catch them quickly and make example of them.


As I see,stolen BTCs are not moving,so thief/thieves probably want to extort money and that behavior looks suspiciously same like it was the case with NXT hacker few months ago.BTC nodes (used to obtain transactions) triangulation analysis gives 75% probability that thief is from Poland and 25% from Ukraine.Analysis of nodes server connections in the time of transactions could give much more information - I hope so that BTER already doing it.

How do you know how big their CNY deposits are?

I think they promised to return the CNY deposits and alt coins, but it must be very tempting for them to run instead. The mintpal owner stole all the bitcoins and ran with them. I think he has an arrest warrant out for him but nobody had found him the last time I looked into it.

[thunderjet]

it is estimation based on their trading volume in CNY,which was much more than for BTC pairs

[tee-rex]

Is there a Chinese Bitcoin Embassy ?

Probably in a quiet corner of a labour camp somewhere.

And the Bter staff are being interrogated by the officials for the second day in a row, and there is no one there to update the message or reply the emails (rubbing my eyes).

[abyrnes81]

I sent him an email but they don't reply to me   , this is not "cool".

[Borisz]

Is there a Chinese Bitcoin Embassy ?

Probably in a quiet corner of a labour camp somewhere.

And the Bter staff are being interrogated by the officials for the second day in a row, and there is no one there to update the message or reply the emails (rubbing my eyes).

Or they are actually working on a solution and not posting bogus information in the meanwhile. Assuming the best-case scenario.
I mean, if they lost the coins and trying to get it back, what (apart from the bounty) extra information should they give? Probably having legal issues as well/police matter apart from a huge money loss.

Anyway, I keep an eye on their website and check it a few times a day hoping for some info. That's all I can do.

[Borisz]

I sent him an email but they don't reply to me   , this is not "cool".

I guess they must be receiving thousands of emails about this.

[tee-rex]

Is there a Chinese Bitcoin Embassy ?

Probably in a quiet corner of a labour camp somewhere.

And the Bter staff are being interrogated by the officials for the second day in a row, and there is no one there to update the message or reply the emails (rubbing my eyes).

Or they are actually working on a solution and not posting bogus information in the meanwhile. Assuming the best-case scenario.
I mean, if they lost the coins and trying to get it back, what (apart from the bounty) extra information should they give? Probably having legal issues as well/police matter apart from a huge money loss.

Anyway, I keep an eye on their website and check it a few times a day hoping for some info. That's all I can do.

The thief (whoever him be) made himself heard of, one wallet has been split once again and 500 bitcoins seem to have gone through a mixer. I think this might be a fatal mistake on his part and he will finally be tracked down if not yet already.

[redsn0w]

I sent him an email but they don't reply to me   , this is not "cool".

I guess they must be receiving thousands of emails about this.

Borisz has right, however someone from you know how much customers had in his exchange (registered/active)? Or aren't public data?

[tee-rex]

I sent him an email but they don't reply to me   , this is not "cool".

I guess they must be receiving thousands of emails about this.

Borisz has right, however someone from you know how much customers had in his exchange (registered/active)? Or aren't public data?

I remember there had been a number of registered users on the site, something around 45 thousand people. But this may well be a number from another exchange that stuck to my memory.

[redsn0w]

I sent him an email but they don't reply to me   , this is not "cool".

I guess they must be receiving thousands of emails about this.

Borisz has right, however someone from you know how much customers had in his exchange (registered/active)? Or aren't public data?

I remember there had been a number of registered users on the site, something around 45 thousand people. But this may well be a number from another exchange that stuck to my memory.

Thanks, I will inform and I will find the answer of my question. However I've updated the OP with this interesting video (a quick bipartisan explanation also about why a decentralised exchange is needed):



BTER HACK $1.75m in Bitcoin Stolen in Cold Wallet Hack - VOICE OF CRYPTO ::
 http://youtu.be/nX5TA5CPMN8

[owlcatz]

cold wallet attack? that's not a cold wallet then.

Another shitty scam, another week... wtf.. 

[Jcga]

From BTER.com New Message :

"Get the latest updates at （获取最新进展）:

Twitter：twitter.com/btercom
微博：weibo.com/btercom"

[izanagi narukami]

That's a shocked news for me.
I've ever trade in here to cast a vote on voting contest on past day.

Never been thought if this big exchanger can be hack  and as I know they provide a thousand of bitcoin transaction everyday.

With this incident, more people will less trust to bitcoin

[funtotry]

It seems like an exchange is "hacked" every day now! Same lesson over and over again. Never for more than 1 minute leave your money on an exchange as your wallet. When its on the exchange you don't "own" the bitcoins as you don't have the private key and you trust that when you click send they will send. If you are going to use a centralized exchange just send your bitcoins when you are doing the trade and don't leave anything on there.

[smith coins]

very strange...elevated number of "incidents on exchanges" in the last couple of years.

[cshelswell]

very strange...elevated number of "incidents on exchanges" in the last couple of years.

Probably just more people that know about bitcoin and also about hacking. If that's what it was...

[kingscrown]

inside job - forget ur money.