Bitcoinica MtGox account compromised

I 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

Re: Bitcoinica MtGox account compromised

#6

Post by 0x0 » Fri, Jul 13, 2012, 2:50 PM UTC

I can't believe people entrust virtual money to sites like these which in general - but consistently - seem to be run by amateurs.

Re: Bitcoinica MtGox account compromised

#7

Post by xSwag » Fri, Jul 13, 2012, 2:50 PM UTC

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.

Re: Bitcoinica MtGox account compromised

#8

Post by jsh4ft » Fri, Jul 13, 2012, 2:51 PM UTC

I feel badly for the people that lost money, and hope that some legal action is taken against the organization.

Re: Bitcoinica MtGox account compromised

#9

Post by muyuu » Fri, Jul 13, 2012, 2:51 PM UTC

Smrchy wrote: post #4

This 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.

Re: Bitcoinica MtGox account compromised

#10

Post by xSwag » Fri, Jul 13, 2012, 2:52 PM UTC

codesuela wrote: post #5

I 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