Bitcoin Forum
December 15, 2017, 10:03:55 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How many Bitcoins have been stolen in total?  (Read 1625 times)
Mike Jones
Newbie
*
Offline Offline

Activity: 14


Bitcoin's Chief Executive Officer


View Profile
July 29, 2012, 10:41:47 PM
 #1

As I read more into Bitcoin, the topic of theft comes up often. How much has been stolen in total?

Don't you worry about Bitcoin, let me worry about Bitcoin.

1HjH1Gm45w1m6J44VmXezvih3NzgXG7YfE
1513375435
Hero Member
*
Offline Offline

Posts: 1513375435

View Profile Personal Message (Offline)

Ignore
1513375435
Reply with quote  #2

1513375435
Report to moderator
1513375435
Hero Member
*
Offline Offline

Posts: 1513375435

View Profile Personal Message (Offline)

Ignore
1513375435
Reply with quote  #2

1513375435
Report to moderator
1513375435
Hero Member
*
Offline Offline

Posts: 1513375435

View Profile Personal Message (Offline)

Ignore
1513375435
Reply with quote  #2

1513375435
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513375435
Hero Member
*
Offline Offline

Posts: 1513375435

View Profile Personal Message (Offline)

Ignore
1513375435
Reply with quote  #2

1513375435
Report to moderator
Shadow383
Sr. Member
****
Offline Offline

Activity: 336


View Profile
July 29, 2012, 11:03:06 PM
 #2

25000BTC from someone who left wallet unencrypted last year.
about 58000BTC from the linode "hack" (I think, someone may need to correct me).
about 200000BTC currently from Bitcoinica (I'm classing bitcoinica's funds as stolen until they refund people).
Oh, and we have shroedinger's ponzi (BTCST) over in the lending section, which has liabilities of well over 200000BTC.

So I'd say at least 85000, could go as high as a million by the end of the year  Wink
Lethos
Sr. Member
****
Offline Offline

Activity: 476


Keep it Simple. Every Bit Matters.


View Profile WWW
July 29, 2012, 11:14:57 PM
 #3

... and people wonder why their is so much distrust in this world.

Yeah that kinda proves it.

Lethos Designs | UK BTC Seller -  Local Bitcoins | BTC OTC Rating | 1EFhXfX9uXsbXBF3LC69GiVfS3SHCsyMR1
FPGA: 2x Quad XC6SLX150 Boards
aq
Full Member
***
Offline Offline

Activity: 238


View Profile
July 29, 2012, 11:20:02 PM
 #4

As I read more into Bitcoin, the topic of theft comes up often. How much has been stolen in total?
In this forum you are able to search, by clicking the small "button" labeled "search" and type in your, well, search. So within 2 seconds you would have been able to find this:
https://bitcointalk.org/index.php?topic=83794.0
But of course it is way easier to open a new thread...

@theymos: can we have a sub-section for those constantly repeating threads?
FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
July 29, 2012, 11:25:46 PM
 #5

... and people wonder why their is so much distrust in this world.

Yeah that kinda proves it.

Most of the thefts were actually caused by too much or misplaced trust.

Besides, it is actually a very small number. Why not go totaling up the number of transactions which weren't thefts to see how much bigger it is and therefore how much goodness there is?

Both are silly ways of calculating trust/distrust.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
pekv2
Hero Member
*****
Offline Offline

Activity: 770



View Profile
July 29, 2012, 11:26:32 PM
 #6

How much did mybitcoinwallet walk away with?
repentance
Hero Member
*****
Offline Offline

Activity: 840


View Profile
July 29, 2012, 11:35:32 PM
 #7


about 200000BTC currently from Bitcoinica (I'm classing bitcoinica's funds as stolen until they refund people).


Where are you getting that number from?  They lost ~18,000 BTC in the Rackspace hack and 40,000 in the MtGox breach.  Even if you add in the BTC they lost in the Linode hack (~43,000 BTC, which you seem to have counted separately), the total comes nowhere near 200,000 BTC.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
Shadow383
Sr. Member
****
Offline Offline

Activity: 336


View Profile
July 29, 2012, 11:44:01 PM
 #8


about 200000BTC currently from Bitcoinica (I'm classing bitcoinica's funds as stolen until they refund people).


Where are you getting that number from?  They lost ~18,000 BTC in the Rackspace hack and 40,000 in the MtGox breach.  Even if you add in the BTC they lost in the Linode hack (~43,000 BTC, which you seem to have counted separately), the total comes nowhere near 200,000 BTC.
I was counting the value of all of their deposits as "stolen" since I don't honestly believe people are likely to get it back in the foreseeable future  Wink

I didn't include it on my low-end estimate though.

Also, completely forgot about mybitcoin - I know of individuals with >5000BTC on there, so that must've been pretty huge.
unclemantis
Member
**
Offline Offline

Activity: 98


(:firstbits => "1mantis")


View Profile
July 29, 2012, 11:44:04 PM
 #9

A lot.

PHP, Ruby, Rails, ASP, JavaScript, SQL
20+ years experience w/ Internet Technologies
Bitcoin OTC | GPG Public Key                                                                               thoughts?
repentance
Hero Member
*****
Offline Offline

Activity: 840


View Profile
July 29, 2012, 11:59:16 PM
 #10

May thread on this topic which includes a comprehensive list of thefts, scams, hacks and other losses.


https://bitcointalk.org/index.php?topic=83794.0



All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
aq
Full Member
***
Offline Offline

Activity: 238


View Profile
July 30, 2012, 12:03:26 AM
 #11

May thread on this topic which includes a comprehensive list of thefts, scams, hacks and other losses.
https://bitcointalk.org/index.php?topic=83794.0
I mentioned the same thread in post#4, but I guess people like talking repeatedly about the same things all the time, so I think you will be ignored too...
niko
Hero Member
*****
Offline Offline

Activity: 742


There is more to Bitcoin than bitcoins.


View Profile
July 30, 2012, 12:44:08 AM
 #12

Anyone can write anything on this or any other forum. I'll write this: I've never had any coins stolen since I start mining, trading, and using them in January 2011.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
dissipate
Sr. Member
****
Offline Offline

Activity: 289


View Profile
July 30, 2012, 12:45:13 AM
 #13

25000BTC from someone who left wallet unencrypted last year.
about 58000BTC from the linode "hack" (I think, someone may need to correct me).
about 200000BTC currently from Bitcoinica (I'm classing bitcoinica's funds as stolen until they refund people).
Oh, and we have shroedinger's ponzi (BTCST) over in the lending section, which has liabilities of well over 200000BTC.

So I'd say at least 85000, could go as high as a million by the end of the year  Wink

I wouldn't call BTCS&T stealing. Anyone with half a brain cell knows that could be Game Over at any time.
Astro
Sr. Member
****
Offline Offline

Activity: 276



View Profile
July 30, 2012, 12:58:49 AM
 #14

How many BTC does ZT own?  That's your answer.
bitcoinminer
Sr. Member
****
Offline Offline

Activity: 322



View Profile
July 30, 2012, 01:02:27 AM
 #15

The answer is "Not NEARLY Enough because people keep doing really stupid things and losing all their bitcoins".

I hope that the left half of the intelligence bell curve loses all their BTC, so that everyone elses will go up in value.

"This site has been around for WEEKS! Why not trust 40k worth of BTC to them?!?!?!"

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
mc_lovin
Legendary
*
Offline Offline

Activity: 1162


www.bitcointrading.com


View Profile WWW
July 30, 2012, 01:21:43 AM
 #16

I wonder how many coins have been stolen twice!

niko
Hero Member
*****
Offline Offline

Activity: 742


There is more to Bitcoin than bitcoins.


View Profile
July 30, 2012, 01:25:13 AM
 #17

I wonder how many coins have been stolen twice!

This!

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
Scott J
Legendary
*
Offline Offline

Activity: 1778


View Profile
July 30, 2012, 01:28:53 AM
 #18

As I read more into Bitcoin, the topic of theft comes up often. How much has been stolen in total?
Many have been stolen.

But it's worth remembering that every single theft could have been prevented.

JayCoin
Sr. Member
****
Offline Offline

Activity: 408


Crypt'n Since 2011


View Profile WWW
July 30, 2012, 01:32:20 AM
 #19

10BTC stolen from p2pmining.com (Really from the miners on the pool) .  Someone went through a lot of effort for $87.  Goes to show that even a site with even a few Bitcoins on it is a target.  I would suggest that any further Bitcoin ventures use servers under private control rather than renting one in a data center.  

Hello There!
Lethos
Sr. Member
****
Offline Offline

Activity: 476


Keep it Simple. Every Bit Matters.


View Profile WWW
July 30, 2012, 08:58:57 AM
 #20

... and people wonder why their is so much distrust in this world.

Yeah that kinda proves it.

Most of the thefts were actually caused by too much or misplaced trust.

Besides, it is actually a very small number. Why not go totaling up the number of transactions which weren't thefts to see how much bigger it is and therefore how much goodness there is?

Both are silly ways of calculating trust/distrust.

Okay, guess I phrased that badly, but I agree.

Their is a lot more mistrust than in the early days when people too blindly trusted the exchanges and individuals in the community.

I am one of those who feel a strong sense of distrust of exchanges, which isn't helped when I live in the UK when their is a severe lacking of exchanges which operate here. Most which have somehow been involved in these events which have lead to people losing a lot of bitcoins or money.

Lethos Designs | UK BTC Seller -  Local Bitcoins | BTC OTC Rating | 1EFhXfX9uXsbXBF3LC69GiVfS3SHCsyMR1
FPGA: 2x Quad XC6SLX150 Boards
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!