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Author Topic: Kipcoin lost 3000 btc and shutdown  (Read 7495 times)
ronaldo40
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February 19, 2015, 05:21:56 AM
 #61

DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK

https://bitcointalk.org/index.php?topic=945881.0

I used to keep it on a third party / exchanger. so I am ready to buy the coin when the price down. so that bad?

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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bryant.coleman
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February 19, 2015, 06:32:37 AM
 #62

Wow another hack, much surprise.

Not sure whether this one is a real hack or an insider job (a la Mt Gox). I expected the hackers to slow down, as the exchange rates have hit rock bottom.  Grin
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February 19, 2015, 07:17:13 AM
 #63

DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK

https://bitcointalk.org/index.php?topic=945881.0

I used to keep it on a third party / exchanger. so I am ready to buy the coin when the price down. so that bad?

I am also to keep it on a third party / exchanger but Don't keep the amount you can't loose
so that if one day there is a problem, we are not too regret  Smiley
hl5460 (OP)
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February 19, 2015, 08:00:41 AM
 #64

CEO of Kipcoin is a well-known person among the Chinese bitcoin circle. Two reports of him/kipcoin:
http://8btc.com/thread-14335-1-1.html
http://8btc.com/forum.php?mod=redirect&goto=findpost&ptid=14319&pid=91443

Victims are angry because Kipcoin has been withholding information and still throwing around their "Interest Return" products just a couple of days ago. But such weibo has been deleted.

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February 19, 2015, 09:58:13 AM
 #65

That was expected of kipcoin sooner or later
it was always a ponzi for me
ronaldo40
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February 20, 2015, 07:01:56 AM
 #66

DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK

https://bitcointalk.org/index.php?topic=945881.0

I used to keep it on a third party / exchanger. so I am ready to buy the coin when the price down. so that bad?

I am also to keep it on a third party / exchanger but Don't keep the amount you can't loose
so that if one day there is a problem, we are not too regret  Smiley

yes of course, I did not save too much only 0.1  Wink

so if the loss is not so sorry  Smiley

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February 20, 2015, 07:14:15 AM
 #67

Remember guys keep your coins with you and do not store them anywhere else.

yes you must store on trusted sites and so many who use it Smiley

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February 21, 2015, 07:38:51 PM
 #68

DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK

https://bitcointalk.org/index.php?topic=945881.0

I used to keep it on a third party / exchanger. so I am ready to buy the coin when the price down. so that bad?

I am also to keep it on a third party / exchanger but Don't keep the amount you can't loose
so that if one day there is a problem, we are not too regret  Smiley

Me too, i'm still keep my btc on a exchanger but the amount is not too big just around 0.1BTC
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February 23, 2015, 03:15:53 PM
 #69

A detailed description of the hacking process and the compensation proposal by Kipcoin CEO.
http://8btc.com/thread-14368-1-1.html

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February 23, 2015, 04:04:48 PM
 #70

Just read this. Sad to see so many hacks happening every month.

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February 23, 2015, 04:16:36 PM
 #71

To be perfectly honest, this is the first I've ever heard of Kipcoin.

3000BTC is a whole lot of moolah, but small potatoes if you compare it to Gox, BitStamp, Mycoin hacks.

Just goes to show you not to keep a whole lot of your stash online on centralized wallet services.  Not sure why you'd need to use Kipcoin to trade on exchanges instead of funding exchanges directly, but that's a whole other discussion.

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March 06, 2015, 04:29:21 PM
 #72

this is not possible to be hacked. in my eyes ALL recent "hacks" = inside attack from employers. because when you run btc-wallet on secured enviroment it s practically impossible to hack funds. but you must keep safe (hardware in controlled location, alternative transport layer for broadcasting funds from cold storage, and so and so on).... it s very sad this is happening again and again. this is only point when i say maybe a little bit control/regulation for exchanges is good. (example - BTC foundation makes team for testing btc-exchanges and only when it s really secure it gets a certification for securement)... but there is 10000 ways for making it s all better and safer.
(all is only my opinion)

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March 06, 2015, 04:35:25 PM
 #73

this is not possible to be hacked. in my eyes ALL recent "hacks" = inside attack from employers. because when you run btc-wallet on secured enviroment it s practically impossible to hack funds. but you must keep safe (hardware in controlled location, alternative transport layer for broadcasting funds from cold storage, and so and so on).... it s very sad this is happening again and again. this is only point when i say maybe a little bit control/regulation for exchanges is good. (example - BTC foundation makes team for testing btc-exchanges and only when it s really secure it gets a certification for securement)... but there is 10000 ways for making it s all better and safer.
(all is only my opinion)

thank you

This is obvious how can someone hack an offline wallet with a remote attack? It is impossible. Maybe as you said them were only a lot of inside job for stole all the bitcoin and claim a presumed hack.
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