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News BITCOIN, Heists, Thefts, Hacks, Scams, and Losses

  1. Feb 26, 2014 #1

    nsaspook

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    BITCOIN, “Heists, Thefts, Hacks, Scams, and Losses.”

    http://www.npr.org/blogs/thetwo-way...-exchange-mt-gox-goes-dark-after-theft-report

    At least with Zimbabwe 100 trillion dollar bills you had something to clean yourself with.
    http://www.theblaze.com/wp-content/uploads/2011/01/trillion-620x362.jpg
     
  2. jcsd
  3. Mar 6, 2014 #2

    nsaspook

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    http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

    Is this the mystery man?
    Or maybe not?
    http://hosted.ap.org/dynamic/stories/U/US_BITCOIN_FOUNDER_DENIAL?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-03-06-19-35-06 [Broken]

     
    Last edited by a moderator: May 6, 2017
  4. Mar 6, 2014 #3

    nsaspook

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    http://www.washingtonpost.com/world/asia_pacific/ceo-of-bitcoin-exchange-found-dead-in-singapore/2014/03/06/7649bc60-a4f3-11e3-b865-38b254d92063_story.html?algtrack=cfrec-1&tid=btm_rex_2 [Broken]

     
    Last edited by a moderator: May 6, 2017
  5. Mar 7, 2014 #4

    nsaspook

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    Last edited: Mar 7, 2014
  6. Mar 7, 2014 #5

    Pythagorean

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  7. Mar 7, 2014 #6

    nsaspook

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    My interest on the subject is mainly in the efforts that people are using to steal the currency (it must represent something of value or people won't steal it) and the fallout. Bitcoin as a concept seems very solid but the cash interface seems to be run by some less than top notch people competing with criminals that seem to have actually been awake during lessons about transaction security if these are not inside jobs.
     
  8. Mar 8, 2014 #7

    nsaspook

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    http://www.itworld.com/it-management/408628/lost-translation-tangled-tale-mt-goxs-missing-millions

    The transaction malleability issue with the current Bitcoin core software requires exchanges be very careful with balances when dealing with in-house wallet or vault/escrow software.
    Transaction Malleability
     
    Last edited: Mar 8, 2014
  9. Mar 8, 2014 #8

    lisab

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  10. Mar 8, 2014 #9

    AlephZero

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    Aside from the apparently snail-like pace of transferring bitcoin to other currencies (as reported in the media, I don't have any personal experience!) I wonder how much money some people made "for free", aribitraging Mt Gox's exchange rates against other exchanges. Something very strange started happening three weeks before Mt Gox closed down...

    Of course foreign exchange traders try to do this all the time with "real" currencies, but not on the scale of "buy $1000 worth of bitcoins at Mt Gox, take them somewhere else, and sell them the same day for $2000".

    attachment.php?attachmentid=67429&d=1394335845.png
    attachment.php?attachmentid=67428&d=1394335845.png
     

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  11. Mar 8, 2014 #10

    nsaspook

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    Last edited: Mar 8, 2014
  12. Mar 9, 2014 #11

    jim hardy

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    What does that flatleak chart mean?

    Right now it shows a constant stream of them flowing into China, from CNY. Like a hundred per minute.

    Is somebody converting a lot of CNY's (chinese yuans?) into bitcoins?

    OOps there just went one into US.

    11:40 PM mountain time
     
  13. Mar 12, 2014 #12

    nsaspook

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    http://www.chron.com/news/texas/article/Japanese-bitcoin-exchange-files-US-bankruptcy-case-5304166.php [Broken]

     
    Last edited by a moderator: May 6, 2017
  14. Mar 12, 2014 #13
    Wow that is very strange! The total volume is 928k, and the amount of Bitcoins that disappeared were 744k. Not wanting to start a conspiracy theory but that was a Bitcoin dumping that happened at Mt. Gox, someone really wanted to sell a lot of bitcoins fast :rolleyes:
     
  15. Mar 12, 2014 #14

    lisab

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    Wow, you're right! Quick, someone call the Securities and Exchange Commission!

    Oh. Wait.

    Nevermind :biggrin:.
     
  16. Mar 21, 2014 #15

    nsaspook

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    The 'social engineering' attack.
    http://www.coindesk.com/canadian-bitcoin-exchange-lose-100000-in-attack/

     
  17. Mar 23, 2014 #16

    nsaspook

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    https://vircurex.com/welcome/ann_reserved.html

     
  18. Mar 23, 2014 #17
    I take litecoin and bitcoin business like a poker game. Quit while you're ahead, which I did :)
     
  19. Mar 30, 2014 #18

    nsaspook

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    And the beat goes on...people getting mugged.

    http://www.coindesk.com/coinex-pw-hacked-will-cover-losses/
    http://www.cryptocoinsnews.com/2014/03/25/cryptorush-loses-millions-of-blackcoins/
     
    Last edited: Mar 30, 2014
  20. Apr 4, 2014 #19

    nsaspook

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    http://cyprus-mail.com/2014/04/04/police-probe-claims-of-bitcoin-fraud/
     
  21. Apr 24, 2014 #20

    nsaspook

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    http://arstechnica.com/tech-policy/...-smell-of-fraud-from-one-bitcoin-miner-maker/

     
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