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

[deisik]

Updates from Twitter:

We are seeking all ways to compensate our users including selling http://BTER.com  (Debits & funds not included): admin@mail.bter.com

CNY and USD withdrawals will be enabled first in these days and the crypto-coins (NXT etc)will be handled later when we make sure it's safe.

It appears that they are going to sell just Bter liabilities.

Thanks I've added the screenshots of their two tweets. It seems they want "reimburse" all the losses, let's see how much time will it take.

How much is the fish?

[SebastianJu]

Since the old thread was deleted where i asked that question. Can you give me the source that has such infos first? I mean online newspapers or newsgroups or something like that. It would be worth observing them.

[redsn0w]

Since the old thread was deleted where i asked that question. Can you give me the source that has such infos first? I mean online newspapers or newsgroups or something like that. It would be worth observing them.

Here an updated article (but not 100% truth, it has some errors) : http://247cryptonews.com/bter-got-hacked-7000-bitcoins-stolen-7-different-accounts/

After you can check this thread and also reddit : http://www.reddit.com/r/Bitcoin/search?q=bter&sort=new&restrict_sr=on

[SebastianJu]

Since the old thread was deleted where i asked that question. Can you give me the source that has such infos first? I mean online newspapers or newsgroups or something like that. It would be worth observing them.

Here an updated article (but not 100% truth, it has some errors) : http://247cryptonews.com/bter-got-hacked-7000-bitcoins-stolen-7-different-accounts/

After you can check this thread and also reddit : http://www.reddit.com/r/Bitcoin/search?q=bter&sort=new&restrict_sr=on

The reddit is bter specific and the article seems to be a blog. Might be that he brought it first but what i want to know even more if the blog is a source for such infos that is worth observing because they bring such news FIRST.

To be exact, i would like to have one or more website that i can observe in order to get such news as one of the first. Not only this one but all kind of news that might crash the bitcoin price.

[peligro]

i have a feeling if they open up to withdraw alts everyone is going to withdraw asap which I suspect will spell the end of BTER

You'd think so, wouldn't you?
But something tells me that some people will still trust them enough to trade there, and keep their coins there.
BTER's like a cat. 9 lives. We'll see if this was the 9th or not.

They will open only for withdrawals. The exchange is finished as of now. I assume they will likely allow some investment from VCs and restart later.

[btcxyzzz]

They will might open only for withdrawals. The exchange is finished as of now. I assume they will likely allow some investment from VCs and restart later.

Fixed that for you.

[verdun2003]

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information (support@mail.bter.com).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

[Cassius]

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information (support@mail.bter.com).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

[WEBcreator]

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information (support@mail.bter.com).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

do you mean a code of " I think we are done here and its time to unplug the cable and grab what we could grab " i personally think that way, since bter is shady especially after the bitbay ICO issue

[redsn0w]

Now I challenge someone to use bter again (if it will re-open), or better " to keep your coins on an exchange" and that exchange doesn't use multiSig for his cold wallet.

It seems (not probable) that the exchange will not reopen, what do you think guys ?

[Cassius]

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information (support@mail.bter.com).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

do you mean a code of " I think we are done here and its time to unplug the cable and grab what we could grab " i personally think that way, since bter is shady especially after the bitbay ICO issue

It's really impossible to know. My impressions so far (based on the NXT hack and impressions of the Bitbay thing from people I trust) have been that they have been incompetent, naive and a little too easy to push around rather than downright dishonest. What they do to make good on this will be telling, though the fact is they just can't cover $1.75 million.
The fact that a bunch of other exchanges were hit and BTER was first makes it harder for me to think it was all down to the management there (rogue employees is entirely another matter).

[verdun2003]

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information (support@mail.bter.com).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

I know of 3 exchanges hacked that week-end- would you have the name of the 5 exchanges?

Plus, I believe it doesn't dispense them to provide proof of what they are claiming to the Bter users who lost almost 2 million USD.

[Cassius]

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information (support@mail.bter.com).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

I know of 3 exchanges hacked that week-end- would you have the name of the 5 exchanges?

Plus, I believe it doesn't dispense them to provide proof of what they are claiming to the Bter users who lost almost 2 million USD.

http://bitcoinblogs.net/bter-not-alone-other-bitcoin-exchanges-go-silent/?utm_source=twitterfeed&utm_medium=twitter&utm_term=%23bitcoin+%23bitcoinmining+%23howtominebitcoins
CCEDK also got DDOS'ed. There may have been others.
It doesn't absolve them of providing proof. But it's an interesting twist.

[WEBcreator]

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information (support@mail.bter.com).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

do you mean a code of " I think we are done here and its time to unplug the cable and grab what we could grab " i personally think that way, since bter is shady especially after the bitbay ICO issue

It's really impossible to know. My impressions so far (based on the NXT hack and impressions of the Bitbay thing from people I trust) have been that they have been incompetent, naive and a little too easy to push around rather than downright dishonest. What they do to make good on this will be telling, though the fact is they just can't cover $1.75 million.
The fact that a bunch of other exchanges were hit and BTER was first makes it harder for me to think it was all down to the management there (rogue employees is entirely another matter).

indeed there are bunch of issue with bter anyway, lets hope what they stated will be true, since i read in twitter that they gonna find a way to compensate the loss of their customer

[altsay]

Luckily i had my coins on alts there and got 0 BTC.

Yet i'm not hopeful for the alts either, since the previous NXT hack was resolved by a "woman's touch". It's a dream, let alone wishful thinking, to expect the same thing to happen again.

[Cassius]

Luckily i had my coins on alts there and got 0 BTC.

Yet i'm not hopeful for the alts either, since the previous NXT hack was resolved by a "woman's touch". It's a dream, let alone wishful thinking, to expect the same thing to happen again.

Different situation. The hacker needed BTC because you can't sell 50m NXT without crashing the market. He settled for much less of a liquid currency.
In this case, he stole BTC. Unless they have a lead on his id, there's nothing to negotiate.
Alts are still there, in their cold wallets. What becomes of them...? Haircuts for all customers, release of all funds, gradual withdrawals to avoid panic and to maintain trading - who knows?

[tee-rex]

I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information (support@mail.bter.com).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

do you mean a code of " I think we are done here and its time to unplug the cable and grab what we could grab " i personally think that way, since bter is shady especially after the bitbay ICO issue

It's really impossible to know. My impressions so far (based on the NXT hack and impressions of the Bitbay thing from people I trust) have been that they have been incompetent, naive and a little too easy to push around rather than downright dishonest. What they do to make good on this will be telling, though the fact is they just can't cover $1.75 million.
The fact that a bunch of other exchanges were hit and BTER was first makes it harder for me to think it was all down to the management there (rogue employees is entirely another matter).

indeed there are bunch of issue with bter anyway, lets hope what they stated will be true, since i read in twitter that they gonna find a way to compensate the loss of their customer

If the thief doesn't return the stolen funds for a ransom, the only other thing that could save them as an exchange is a buyout by some venture capitalist with deep pockets (that seems to be what they presently opt and hope for). To tell the truth, trading at Bter was fun.

[redsn0w]

Another "site has lost" 3'000 bitcoins , here more information : https://bitcointalk.org/index.php?topic=959767.0 
(someone from you know the chinese language , it would be interesting translate this document - http://weibo.com/p/1001603811406934850153).

[thunderjet]

Another "site has lost" 3'000 bitcoins , here more information : https://bitcointalk.org/index.php?topic=959767.0 
(someone from you know the chinese language , it would be interesting translate this document - http://weibo.com/p/1001603811406934850153).

Old BTC theft, from May 2014,but the way hackers did it looks very similar to BTER theft. Unfortunately, BTER site is not at dedicated servers,but on same servers as hundreds of other websites.It made significantly easier for hackers to robbed them.

[Borisz]

Another "site has lost" 3'000 bitcoins , here more information : https://bitcointalk.org/index.php?topic=959767.0 
(someone from you know the chinese language , it would be interesting translate this document - http://weibo.com/p/1001603811406934850153).

Old BTC theft, from May 2014,but the way hackers did it looks very similar to BTER theft. Unfortunately, BTER site is not at dedicated servers,but on same servers as hundreds of other websites.It made significantly easier for hackers to robbed them.

Would it matter where they host their web services if a cold wallet was compromised that was supposedly not there?