ninjaboon
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Activity: 2114
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February 18, 2015, 03:57:14 PM |
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this would not have happened if they used multisig.
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btbrae
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February 18, 2015, 04:01:19 PM |
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Someone's gonna have to do a thread summarising all the recent hacks as I only have a certain amount of time to read all the individual threads.
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pawel7777
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February 18, 2015, 04:08:32 PM
Last edit: February 18, 2015, 04:30:59 PM by pawel7777 |
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this would not have happened if they used multisig.
Bitstamp implemented multisig after the hack. And after what happened to Bter, there will be a major pressure on every exchange to do the same. And there's no really excuse not to do it. So it seems to be a last call for any shady exchanges to "get hacked". Someone's gonna have to do a thread summarising all the recent hacks as I only have a certain amount of time to read all the individual threads.
+1, but I'd like to see a comprehensive list with all the hacks, not just the recent ones (with short description). I'm sure there have been ~20 over the years. |
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1Referee
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Activity: 2170
Merit: 1427
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February 18, 2015, 04:42:20 PM |
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These services and exchanges are a paradise for hackers.
Why should they work if they can make millions in just a single day......
Very sad news, once again. It's quite clear that these amateurs can't run such a service.
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gadman2
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Activity: 977
Merit: 1000
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February 18, 2015, 04:44:50 PM |
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luckyluigi
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Activity: 239
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February 18, 2015, 04:48:07 PM |
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Probably too soon to be able to reach firm conclusions, but as time passes I'd like to see someone research all the reported "hacked exchanges/online wallets/etc." and identify the root causes of the hacks. Is it malware/remote intrusion? Or inside jobs by employees? Or the owner of the exchange/business taking the funds and running? I suspect the 2nd cause (inside jobs by non-owners) may be the principal cause of theft.
Bitcoin businesses need to develop very robust security protocols before they even think about crafting their systems and opening for business. If they have any flaws or loopholes they WILL be found and exploited. Count on it. And that includes by insiders as well as outsiders to the organization.
Of course, traditional fiat businesses are facing the same situation, but there is a lot less transparency about their losses and failures.
1% ++ monthly returns is a pretty obvious ponzi if you ask me. |
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BCwinning
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February 18, 2015, 04:51:13 PM |
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4th one and only 2 months into the year. Is there a site taking bets on who is next?  |
The New World Order thanks you for your support of Bitcoin and encourages your continuing support so that they may track your expenditures easier.
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Bit_Happy
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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February 18, 2015, 04:54:15 PM |
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"Inferior companies" are getting eliminated: Welcome to the free market, please enjoy your journey.
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manselr
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Activity: 868
Merit: 1004
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February 18, 2015, 05:21:12 PM |
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Not a hack. Exchange owners panicking and running away with incautious people's money. Do not leave money in exchanges! wake up people.
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redsn0w
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Activity: 1778
Merit: 1042
#Free market
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February 18, 2015, 05:23:35 PM |
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WTF, this is very very bad. The 2015 hasn't begun in a good way, I've read that it gave an interest for keep bitcoin on the site. I hope now people will start (really) to not keep their own coins on an exchange, site, etc.... but instead in their own bitcoin wallet.
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tee-rex
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February 18, 2015, 05:35:29 PM |
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"Inferior companies" are getting eliminated: Welcome to the free market, please enjoy your journey.
Hold your breath and stick to your money! |
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Remember remember the 5th of November
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Activity: 1862
Merit: 1011
Reverse engineer from time to time
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February 18, 2015, 05:39:11 PM |
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So lets see
Bitstamp
Mycoin
bter
kipcoin
and a bunch more.
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BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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David Latapie
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February 18, 2015, 05:43:56 PM |
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Looks like 2015 is going to be the year of hacks... And ponzi. Or, as someone theorized it, many exchanges are just not profitable because of BTC price. So they shutdown . The honest one say the truth, other get "hacked". Winner: multisig implementation. Hopefully. Vitalik Buterin on multisigSome people, initially including myself, are seeing this as a “changing of the guard” moment for the Bitcoin community, where it was amateur and badly managed services that were at fault for their own thefts and professionals would soon come in and take over. If this was a mere one or two thefts, then this would indeed be a reasonable, and fully satisfactory, explanation. |
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FattyPonzi
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Activity: 42
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February 18, 2015, 05:51:31 PM |
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Can't believe people are still using online wallets to store btc...
Any service offering interest on btc deposits should be treated with caution.
Hey, i'm using online wallet ( blockchain.info ) because i'm new to Bitcoin and i don't have time, internet and pc ( 100gb ssd ) for bitcoin wallet.. that's it.. |
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FattyPonzi
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Activity: 42
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February 18, 2015, 05:54:54 PM |
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electrum is safe like normal wallet? |
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oblivi
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February 18, 2015, 05:57:55 PM |
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electrum is safe like normal wallet? Yes. Even tho i still use qt wallet cause im paranoid as fuck. |
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dimfot
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February 18, 2015, 06:03:48 PM |
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stolen btc is the reason that price is going down..they sell the btc and investors get screwed
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Netnox
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Activity: 2044
Merit: 1008
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February 18, 2015, 06:06:52 PM |
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The bright side is that all these poorly managed incompetent exchanges get washed away. There really need to be a stronger regulation on exchanges, then i bet 80% of these exchanges wouldn't pass the test.
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