Bitcoin exchange hacked via Rails exploit, funds stolen
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Bitcoin exchange hacked via Rails exploit, funds stolen
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Re: Bitcoin exchange hacked via Rails exploit, funds stolen
#2The good news is that they are going to cover the losses: https://bitcointalk.org/index.php?topic=135919.msg1448056#ms...
edit: I was wrong about the title, see below comment.
Re: Bitcoin exchange hacked via Rails exploit, funds stolen
#3The good news is that they are going to cover the losses: https://bitcointalk.org/index.php?topic=135919.msg1448056#ms... edit: I was wrong about the title, see below comment.
No, some other site (https://bitcoin-central.net/) fixed it within 5 minutes, not the one that was compromised (https://vircurex.com/).
Re: Bitcoin exchange hacked via Rails exploit, funds stolen
#4I guess this is still the Wild Wild West era of Bitcoin; I'd wager plenty of banks got knocked off by bandits back in the day, too.
What happened to a bank's customer's funds if it got robbed prior to 1933?
Re: Bitcoin exchange hacked via Rails exploit, funds stolen
#5Well, this is what I'd call service!
"Before the wild speculations beginn, the service will be recovered and we pay the losses out of our own pockets."
If they can, of course. But still, a very nice gesture.
Re: Bitcoin exchange hacked via Rails exploit, funds stolen
#6I guess this is still the Wild Wild West era of Bitcoin; I'd wager plenty of banks got knocked off by bandits back in the day, too. What happened to a bank's customer's funds if it got robbed prior to 1933?
The banking system was already very sophisticated pre-1930s.
Re: Bitcoin exchange hacked via Rails exploit, funds stolen
#7I guess this is still the Wild Wild West era of Bitcoin; I'd wager plenty of banks got knocked off by bandits back in the day, too. What happened to a bank's customer's funds if it got robbed prior to 1933?
The banking system was already very sophisticated pre-1930s.
In the US, at least, people still got famous for being bank robbers back then. The FDIC, which provides limited insurance for bank deposits, started their insurance on January 1, 1934. So, sophistication aside, it's an interesting question what happened to depositors after a bank robbery.
Re: Bitcoin exchange hacked via Rails exploit, funds stolen
#8I can't get to the article at the moment, but I'd love to know why they failed to update their app especially since it handles financial transactions. I had several apps to update and the process took very little time and effort.
Re: Bitcoin exchange hacked via Rails exploit, funds stolen
#9I can't get to the article at the moment, but I'd love to know why they failed to update their app especially since it handles financial transactions. I had several apps to update and the process took very little time and effort.
Hey, are you also basically free, well-advertised and available to everyone in the world who is running rails simultaneously
I don't understand why they also didn't use you then.
Re: Bitcoin exchange hacked via Rails exploit, funds stolen
#10I guess this is still the Wild Wild West era of Bitcoin; I'd wager plenty of banks got knocked off by bandits back in the day, too. What happened to a bank's customer's funds if it got robbed prior to 1933?
The banking system was already very sophisticated pre-1930s.
My question was, specifically: It's 1903, you deposit your life savings into your local bank, and a week alter it gets robbed. Do you get any of that money back? Or are you now broke?