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Author Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE |  (Read 119637 times)
tee-rex
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February 18, 2015, 08:38:54 PM
 #301

High time to develop a cryptocurrency specifically suited for trading at exchanges without losing hold of it until the deal is stricken. Is this ever possible if only in theory?
Cassius
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February 18, 2015, 09:43:05 PM
 #302

High time to develop a cryptocurrency specifically suited for trading at exchanges without losing hold of it until the deal is stricken. Is this ever possible if only in theory?

InstantDEX will launch in beta on Friday. Distributed near-realtime exchange. Should solve a few problems.
Crypto is supposed to be decentralised: that's the point. You don't solve the problems of centralisation by created better centralised exchanges.
abyrnes81
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February 18, 2015, 09:45:58 PM
Last edit: February 18, 2015, 10:00:08 PM by abyrnes81
 #303

They still don't reply to me, I'm very sad and I don't know what should I do.
tee-rex
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February 18, 2015, 10:03:58 PM
 #304

High time to develop a cryptocurrency specifically suited for trading at exchanges without losing hold of it until the deal is stricken. Is this ever possible if only in theory?

InstantDEX will launch in beta on Friday. Distributed near-realtime exchange. Should solve a few problems.
Crypto is supposed to be decentralised: that's the point. You don't solve the problems of centralisation by created better centralised exchanges.

Thanx for the info. Will certainly try it out when it opens. I hope the orders at such an exchange will be executed as smooth.

They still don't reply to me, I'm very sad and I don't know what should I do.

The best thing is to forget about the money for the moment.
feryjhie
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February 19, 2015, 04:47:55 AM
 #305

Will this make the price of bitcoind down ?
slacknation
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February 19, 2015, 04:56:09 AM
 #306

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?

it does, for bter, the private key of the cold wallet was not compromised
the process of transferring bitcoins into hot wallets was compromised so in a sense if you are hosted on a non secure platform, your hot wallet address could be changed to empty your cold wallet
WEBcreator
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February 19, 2015, 05:35:58 AM
 #307

Will this make the price of bitcoind down ?

for the moment no, they will put the money in the wallet for a long time, perhaps month, until people forget about this and start moving it to exchanger, moving it now is pretty risky

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TetraHect0rCannabinol
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February 19, 2015, 05:40:47 AM
 #308

this sucks, I really liked bter aswell, hopefully they release a report so we can lookout for their fuck up in the future Smiley

*Grabs a bottle of Whiskey* - Its official, Im crazyer than crazy, I Am Hect0r Baby Cheesy
redsn0w (OP)
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February 19, 2015, 09:47:53 AM
 #309

this sucks, I really liked bter aswell, hopefully they release a report so we can lookout for their fuck up in the future Smiley

We are still waiting a "full" report of what is happened that day. I hope they will post it as soon as possible.
tee-rex
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February 19, 2015, 09:55:01 AM
 #310

this sucks, I really liked bter aswell, hopefully they release a report so we can lookout for their fuck up in the future Smiley

We are still waiting a "full" report of what is happened that day. I hope they will post it as soon as possible.

Having witnessed such a blatant disregard and neglect towards their customers this is quite unlikely, even if they return all the money in the end.
SolidStateSurvivor
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February 19, 2015, 09:55:26 AM
 #311

Will this make the price of bitcoind down ?

AFAIK the bitcoind is free, you can download it off the bitcoin site. Wink If they are smart, they sell little by little, over a long time, in many places.

Founding member of Hashmeisters Inc...
tee-rex
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February 19, 2015, 10:03:10 AM
 #312

Will this make the price of bitcoind down ?

AFAIK the bitcoind is free, you can download it off the bitcoin site. Wink If they are smart, they sell little by little, over a long time, in many places.

With an ever increasing probability of being caught finally. And it won't help if they are going to sell the loot in small portions.
Equipment4BTC
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February 19, 2015, 10:04:42 AM
 #313

Tragic day for anybody with funds on BTER  Angry Hope there was no real big loser who trusted them!

Where are the alt coins any word yet?
sandy47bt
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February 19, 2015, 12:44:46 PM
 #314

Tragic day for anybody with funds on BTER  Angry Hope there was no real big loser who trusted them!

Where are the alt coins any word yet?

All altcoin will be given back to the owners
But, for BTC is just impossible Sad

I think they didn't upgrade their security after NXT incident
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February 19, 2015, 12:48:48 PM
 #315

Will this make the price of bitcoind down ?

for the moment no, they will put the money in the wallet for a long time, perhaps month, until people forget about this and start moving it to exchanger, moving it now is pretty risky

Already moving it since yesterday , 1 wallet at time 500 a piece , 2 wallets already moved , 5 to go

SimplisticStu
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February 19, 2015, 12:53:57 PM
 #316

Has anybody else made a link with wallets that have commented to satoshiDICE?
abyrnes81
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February 19, 2015, 01:49:07 PM
 #317

High time to develop a cryptocurrency specifically suited for trading at exchanges without losing hold of it until the deal is stricken. Is this ever possible if only in theory?

InstantDEX will launch in beta on Friday. Distributed near-realtime exchange. Should solve a few problems.
Crypto is supposed to be decentralised: that's the point. You don't solve the problems of centralisation by created better centralised exchanges.

Thanx for the info. Will certainly try it out when it opens. I hope the orders at such an exchange will be executed as smooth.

They still don't reply to me, I'm very sad and I don't know what should I do.

The best thing is to forget about the money for the moment.

 Undecided Undecided , but this is not correct. I've lost ~ 3,4 bitcoin on bter.com .
tee-rex
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February 19, 2015, 02:10:53 PM
 #318

High time to develop a cryptocurrency specifically suited for trading at exchanges without losing hold of it until the deal is stricken. Is this ever possible if only in theory?

InstantDEX will launch in beta on Friday. Distributed near-realtime exchange. Should solve a few problems.
Crypto is supposed to be decentralised: that's the point. You don't solve the problems of centralisation by created better centralised exchanges.

Thanx for the info. Will certainly try it out when it opens. I hope the orders at such an exchange will be executed as smooth.

They still don't reply to me, I'm very sad and I don't know what should I do.

The best thing is to forget about the money for the moment.

 Undecided Undecided , but this is not correct. I've lost ~ 3,4 bitcoin on bter.com .

I'm sure that many people here lost even more, and they also hope to be able to withdraw their money from bter one day. But with the present lack of information it is better to think that the money has been irrevocably lost and gone. Don't work up yourself with unfounded hopes.
WEBcreator
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February 19, 2015, 04:53:05 PM
 #319

High time to develop a cryptocurrency specifically suited for trading at exchanges without losing hold of it until the deal is stricken. Is this ever possible if only in theory?

InstantDEX will launch in beta on Friday. Distributed near-realtime exchange. Should solve a few problems.
Crypto is supposed to be decentralised: that's the point. You don't solve the problems of centralisation by created better centralised exchanges.

Thanx for the info. Will certainly try it out when it opens. I hope the orders at such an exchange will be executed as smooth.

They still don't reply to me, I'm very sad and I don't know what should I do.

The best thing is to forget about the money for the moment.

 Undecided Undecided , but this is not correct. I've lost ~ 3,4 bitcoin on bter.com .

I'm sure that many people here lost even more, and they also hope to be able to withdraw their money from bter one day. But with the present lack of information it is better to think that the money has been irrevocably lost and gone. Don't work up yourself with unfounded hopes.

any full report yet about this?i am very eager to know how the hell did their cold wallet got stolen anyway

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██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
   
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●  TELEGRAM
tee-rex
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February 19, 2015, 05:00:35 PM
 #320

High time to develop a cryptocurrency specifically suited for trading at exchanges without losing hold of it until the deal is stricken. Is this ever possible if only in theory?

InstantDEX will launch in beta on Friday. Distributed near-realtime exchange. Should solve a few problems.
Crypto is supposed to be decentralised: that's the point. You don't solve the problems of centralisation by created better centralised exchanges.

Thanx for the info. Will certainly try it out when it opens. I hope the orders at such an exchange will be executed as smooth.

They still don't reply to me, I'm very sad and I don't know what should I do.

The best thing is to forget about the money for the moment.

 Undecided Undecided , but this is not correct. I've lost ~ 3,4 bitcoin on bter.com .

I'm sure that many people here lost even more, and they also hope to be able to withdraw their money from bter one day. But with the present lack of information it is better to think that the money has been irrevocably lost and gone. Don't work up yourself with unfounded hopes.

any full report yet about this?i am very eager to know how the hell did their cold wallet got stolen anyway

This is the last thing that they would want to provide given their attitude toward us. We could as well hope that the hacker would decide to share this info.
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