Hate to say this but if this sort of sloppiness continues, the bitcoin brand will be trampled so badly it will never get off the ground.
Too late, I'm afraid. Who, today, uses Bitcoin, except for criminals and speculants?
Bitcoinica MtGox account compromised
11–20 of 108 posts
Re: Bitcoinica MtGox account compromised
#12I would've thought that no one would keep using Bitconica after their first major breach but here I am, shocked by the fact that people still kept trusting them with their Bitcoins
Yeah, I just don't get how this is possible. The first time, sure, people just get caught off guard. But after that?
Send your bitcoins to me, people. I'll never give them back, but at least you'll know where they are.
Re: Bitcoinica MtGox account compromised
#13I would've thought that no one would keep using Bitconica after their first major breach but here I am, shocked by the fact that people still kept trusting them with their Bitcoins
I've lost count of how many times they have been breached. Why don't they get independent pen testers and get them to test their system? Surely paying a pen tester $5k is much better than the amount of negative publicity you get when you lose $350K
Three times apparently (from the forum):
Feb ~ 200k USD
May ~ 91k USD
Today ~ 300k USDRe: Bitcoinica MtGox account compromised
#14This might explain the unusual rise of BTC vs. USD. The thief might have just traded those dollars to bitcoins which makes them harder to trace.
This only happened today and the rally has been on for more than a week.
From the article:
> The original hacker could have compromised the funds on May 11th or any day thereafter.
Re: Bitcoinica MtGox account compromised
#15Fool me once, shame on you. Fool me twice, shame on me.
Re: Bitcoinica MtGox account compromised
#16Earlier quoted context omitted.
This only happened today and the rally has been on for more than a week.
From the article: > The original hacker could have compromised the funds on May 11th or any day thereafter.
Yep, but the transfer didn't happen until today. He might have had the passwords all along, that's a different thing.
In May, the equivalent of some ~90K US$ were stolen.
Today, 40K BTC + 40K US$ (amounting to ~350K at current valuation) were transferred out of Bitcoinica's MtGox account. Different issue and it definitely doesn't explain the recent rally.
Re: Bitcoinica MtGox account compromised
#17This seems like it has turned into a game for the hackers now. Bitcoinica get breached, re-load their defenses and then its just a matter of time before the hackers get in again.
I don't think anything nefarious is going on, but it would appear there is little or no consequences for breaches which makes it a low risk, high reward opportunity.
If I were them, I'd kill the business, completely start over with a new company name, new site, new everything. As long as they're in business, they are going to remain a target.
Re: Bitcoinica MtGox account compromised
#18Earlier quoted context omitted.
This only happened today and the rally has been on for more than a week.
From the article: > The original hacker could have compromised the funds on May 11th or any day thereafter.
But they were only cashed out from MtGox today. So he could have done it earlier, but only did it today. At least that's how I read it.
Re: Bitcoinica MtGox account compromised
#19I would've thought that no one would keep using Bitconica after their first major breach but here I am, shocked by the fact that people still kept trusting them with their Bitcoins
Nobody is using bitcoinica. Everyone is seeking refunds.
Edit: Bitcoinica is still in the process of refunding everyone from the last breach when this happens.
Re: Bitcoinica MtGox account compromised
#20This seems like it has turned into a game for the hackers now. Bitcoinica get breached, re-load their defenses and then its just a matter of time before the hackers get in again. I don't think anything nefarious is going on, but it would appear there is little or no consequences for breaches which makes it a low risk, high reward opportunity. If I were them, I'd kill the business, completely start over with a new com…
How would a new company name help anything? If they want customers to be able to find them again, surely so will the hackers?