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

[tee-rex]

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]

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]

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

[tee-rex]

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]

Will this make the price of bitcoind down ?

[slacknation]

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]

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

[TetraHect0rCannabinol]

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

[redsn0w]

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

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]

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

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]

Will this make the price of bitcoind down ?

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

[tee-rex]

Will this make the price of bitcoind down ?

AFAIK the bitcoind is free, you can download it off the bitcoin site. 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]

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

Where are the alt coins any word yet?

[Nixian]

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]

Has anybody else made a link with wallets that have commented to satoshiDICE?

[abyrnes81]

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.

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

[tee-rex]

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.

  , 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]

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.

  , 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

[tee-rex]

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.

  , 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.

[Cassius]

Google translate on their Weibo page suggests that the hacker compromised the mechanism for refilling the hot wallet from the 'cold', allowing them to empty it.