Online wallet service mybitcoin.com disappears with $250k+ worth of bitcoins, claims hack - GoFuckYourself.com

rowan · 08-05-2011, 08:03 AM

"Who is Tom Williams? MyBitcoin.com, which disappeared without explanation from the internet about a week ago, is back up with a messages ?From the desk of Tom Williams, operator of MyBitcoin.com.? The statement, labeled an ?incident report,? is the only live page on the site. MyBitcoin noticed a large amount of BTC missing, the statement says, realized its security had been breached, and pulled the site immediately. After investigating the hack, the statement says, the ?we? behind MyBitcoin realized it was bankrupt and ?would have to go into receivership.? There will be a claims process for reimbursing users, the statement says."

[...]

"MyBitcoin is based out of the popular off-shore banking hub of St. Kitts and Nevis, but vigilantes have fingered a group of Canadian hackers and the handles ?dalin,? ?nanaimogold,? and ?themadhatter.? The group has not responded to an interview request as of yet."

Full article:

http://www.betabeat.com/2011/08/05/m...with-bitcoins/

Serge Litehead · 08-05-2011, 08:12 AM

Wonder how much total bitcoins are gone, i've heard one account had 25000 BTC stored on there which is nuts.

Love Sex · 08-05-2011, 08:13 AM

kind of scary, why anyone would keep that much in there is nuts. There is an article from the guy that had all his transactions reversed for a serious amount of money when it crashed.

I closed the program after that.

rowan · 08-05-2011, 08:21 AM

Quote:

Originally Posted by holograph

Wonder how much total bitcoins are gone, i've heard one account had 25000 BTC stored on there which is nuts.

I think that's probably what the $250k figure the article mentions was based on. There's no way to know the total sum of coins stored there, but some people came forward and revealed the large amounts they had stored there.

I wouldn't trust a third party with 25,000 BTC, if you're that incompetent pay someone $200 to install a bitcoin client and show you how to use it...

BTW, you still mining? I'm making about 1BTC every 5-6 days, and it's been consistent for about 4-5 weeks now, so I'm wondering if the difficulty levels are starting to stabilise. Is there somewhere to see a history of past difficult level changes?

seeandsee · 08-05-2011, 08:22 AM

secure bitcoins...

Serge Litehead · 08-05-2011, 08:26 AM

Quote:

Originally Posted by Love Sex

kind of scary, why anyone would keep that much in there is nuts. There is an article from the guy that had all his transactions reversed for a serious amount of money when it crashed.

I closed the program after that.

Bitcoin itself and its network is pretty safe and secure. The issue in all these incidents is personal and web based services security vulnerability. Bitcoins must be treated as cash, if your wallet is sticking out of pocket in crowded mall, you can be sure it will be gone. people never had to deal with security because previously there wasn't much to steal from their computers, with Bitcoin - not any more, if you keep stash of cash on your computer you better be sure it's safe, and be wary who you trust with your money.

the transaction reversal you are mentioning has nothing to do with bitcoin itself, bitcoin transactions are irreversible. there was hacker rundown on exchange and some of executed orders were fraudulent in nature - they were reversed. from my understanding this is also common practice in all other real world exchanges.

fris · 08-05-2011, 08:26 AM

good excude for stealing money

Phoenix · 08-05-2011, 08:27 AM

i still dont even know what a bitcoin is..lol

L-Pink · 08-05-2011, 08:30 AM

Quote:

Originally Posted by Phoenix

i still dont even know what a bitcoin is..lol

Thank God I'm not the only one.

But I am smart enough not to leave a full wallet anywhere near the internet.

.

rowan · 08-05-2011, 08:34 AM

Wow, just noticed BTC is down to about $10.50. I haven't been keeping up with the market since I'm using a dedicated computer for mining, I just put my finger on the graphics card every now and then to confirm it's warm. Seriously.

Serge Litehead · 08-05-2011, 08:34 AM

Quote:

Originally Posted by rowan

BTW, you still mining? I'm making about 1BTC every 5-6 days, and it's been consistent for about 4-5 weeks now, so I'm wondering if the difficulty levels are starting to stabilise. Is there somewhere to see a history of past difficult level changes?

i'm taking summer break from mining lol, stopped somewhere between 1.3-1.5M difficulty. what's your hash rate?

i got on to exchanges and seeing if I can produce any little gains with trading - so far so good, i'm in the green *knock on the wood* =)

Barry-xlovecam · 08-05-2011, 08:35 AM

Bitcoins in "motion"

CaptainHowdy · 08-05-2011, 08:36 AM

Jack Sparrow · 08-05-2011, 11:22 AM

Wtf is bitcoin?

Agent 488 · 08-05-2011, 12:30 PM

sure it was a "hack." thanks for the money suckers.

Si · 08-05-2011, 12:35 PM

Another bitcoin success story

96ukssob · 08-05-2011, 12:40 PM

Quote:

Originally Posted by rowan

"Who is Tom Williams? MyBitcoin.com, which disappeared without explanation from the internet about a week ago, is back up with a messages ?From the desk of Tom Williams, operator of MyBitcoin.com.? The statement, labeled an ?incident report,? is the only live page on the site. MyBitcoin noticed a large amount of BTC missing, the statement says, realized its security had been breached, and pulled the site immediately. After investigating the hack, the statement says, the ?we? behind MyBitcoin realized it was bankrupt and ?would have to go into receivership.? There will be a claims process for reimbursing users, the statement says."

[...]

"MyBitcoin is based out of the popular off-shore banking hub of St. Kitts and Nevis, but vigilantes have fingered a group of Canadian hackers and the handles ?dalin,? ?nanaimogold,? and ?themadhatter.? The group has not responded to an interview request as of yet."

Full article:

http://www.betabeat.com/2011/08/05/m...with-bitcoins/

Quote:

Originally Posted by CaptainHowdy

Hmmm...

Coup · 08-05-2011, 12:43 PM

MTGOX was an online marketplace for trading cards lol

Fat Panda · 08-05-2011, 12:58 PM

this could easily happen with any of the pseudo banks floating around gfy too. watch out people...remember epassporte?

pornmasta · 08-05-2011, 01:13 PM

in motion !

Harmon · 08-05-2011, 01:15 PM

This industry makes me laugh over and over. All of you stupid morons claiming that bitcoins were legit are owned. Dumb fucks. Trusting idiocracy. Stupid fucks.

pornmasta · 08-05-2011, 01:22 PM

ok let's try egold... :D

mayabong · 08-05-2011, 04:06 PM

Any webmasters have a bitcoin payment method and an affiliate program? I'll promote. Talk to the guys at bit-pay.com to get a shopping cart set up. Instant payouts in cash or bitcions if you'd like from what I understand. no chargebacks.

Brujah · 08-05-2011, 04:29 PM

but unlike cash, can't every bitcoin and transaction be tracked?

HomerSimpson · 08-05-2011, 04:43 PM

and now he'll take the price down on all markets until he sells all that BTCs for cash...

rowan · 08-05-2011, 04:45 PM

Quote:

Originally Posted by Harmon

This industry makes me laugh over and over. All of you stupid morons claiming that bitcoins were legit are owned. Dumb fucks. Trusting idiocracy. Stupid fucks.

Bitcoins are equivalent to cash.

If you give your cash to someone else to look after, there's a risk they may never give it back.

It's the exchanges and third party wallets that are having all of the "security" problems, not the underlying bitcoin network itself.

Agent 488 · 08-05-2011, 04:51 PM

you all shrug off the idea that the fatal flaw in bitcoin is the exchanges, but it is true .... as proved yet again.

you know that the cops will be running their own exchanges as well. if they don't already.

mayabong · 08-05-2011, 04:54 PM

Quote:

Originally Posted by Agent 488

you all shrug off the idea that the fatal flaw in bitcoin is the exchanges, but it is true .... as proved yet again.

you know that the cops will be running their own exchanges as well. if they don't already.

Anyone can be an exchange. Once bitcoins are spread around more you'll be able to buy and sell locally. You don't absolutely need exchanges for bitcoins to exist.

P.S.: my bitcoin wasn't an exchange.

L-Pink · 08-05-2011, 04:58 PM

I just updated my personal financial statement for my bank, there was no line for bitcoins. I'll bring this up next time we talk.

.

Serge Litehead · 08-05-2011, 05:20 PM

Quote:

Originally Posted by Brujah

but unlike cash, can't every bitcoin and transaction be tracked?

Haven't heard any stories yet where thief was found and stolen bitcoins returned to their owners.
I read in other forum that fbi cybercrime division is following mybitcoin story though, we'll see how it's going to pan out.

rowan · 08-05-2011, 06:24 PM

Bitcoin transactions are public, but they're just a bunch of numbers. There is no identifying information attached to them, so there's no guaranteed way to find out who the sending and/or receiving parties are in a transaction.

Agent 488 · 08-05-2011, 06:26 PM

Quote:

Originally Posted by rowan

Bitcoin transactions are public, but they're just a bunch of numbers. There is no identifying information attached to them, so there's no guaranteed way to find out who the sending and/or receiving parties are in a transaction.

http://www.dw-world.de/dw/article/0,,15276051,00.html

Bitcoin not so anonymous, Irish researcher says

mayabong · 08-05-2011, 06:51 PM

Quote:

Originally Posted by Agent 488

http://www.dw-world.de/dw/article/0,,15276051,00.html

Bitcoin not so anonymous, Irish researcher says

So whats your solution to the current monetary circus? (crickets)

moeloubani · 08-05-2011, 07:07 PM

bitcoin isn't anonymous at all if you want it to be worth something

as soon as you exchange the money and take it out you link it to yourself and leave a trail that's easy to see for example

http://blockexplorer.com/address/1DV...9MCxeGEtmMmQCh

you can see what wallets the money is going into and coming out of and if you follow it long enough you would be able to see them arriving at an exchangers bitcoin and thats who would have the info on identity

Si · 08-05-2011, 07:10 PM

It's funny seeing all these bitcointards still raving about how great it is in a thread that just proves one of its hundreds of flaws.

Better than seeing someone faceplant off a bicycle.

mayabong · 08-05-2011, 07:15 PM

Quote:

Originally Posted by moeloubani

bitcoin isn't anonymous at all if you want it to be worth something

as soon as you exchange the money and take it out you link it to yourself and leave a trail that's easy to see for example

http://blockexplorer.com/address/1DV...9MCxeGEtmMmQCh

you can see what wallets the money is going into and coming out of and if you follow it long enough you would be able to see them arriving at an exchangers bitcoin and thats who would have the info on identity

What if you exchange your bitcoins with someone locally in a coffee shop?

Serge Litehead · 08-05-2011, 07:32 PM

Quote:

Originally Posted by Si

It's funny seeing all these bitcointards still raving about how great it is in a thread that just proves one of its hundreds of flaws.

Better than seeing someone faceplant off a bicycle.

like there never been runs on banks or like there never have been shady companies, billers, etc. before? so what exactly it proves? that whole currency is illegitimate because someone run away with bunch of money?

rowan · 08-07-2011, 12:46 AM

BTC now down in the $7's

I think it might be time to turn off my mining rig.

DWB · 08-07-2011, 04:07 AM

Quote:

Originally Posted by Harmon

This industry makes me laugh over and over. All of you stupid morons claiming that bitcoins were legit are owned. Dumb fucks. Trusting idiocracy. Stupid fucks.

This.

cykoe6 · 08-07-2011, 08:38 AM

This thread makes me smile.

Emil · 08-07-2011, 08:51 AM

Quote:

Originally Posted by Harmon

This industry makes me laugh over and over. All of you stupid morons claiming that bitcoins were legit are owned. Dumb fucks. Trusting idiocracy. Stupid fucks.

The stupid thing is that people trusted mybitcoin.com with their bitcoins instead of having them on their own computer.

ottopottomouse · 08-07-2011, 09:00 AM

ha haha haha

Agent 488 · 08-07-2011, 09:17 AM

Quote:

Originally Posted by holograph

like there never been runs on banks or like there never have been shady companies, billers, etc. before? so what exactly it proves? that whole currency is illegitimate because someone run away with bunch of money?

if the trading gateways continually fold, get hacked, disappear the currency is all but dead.

you guys will never get that because you are not just using a currency you are part of an online cult.

mayabong · 08-07-2011, 10:19 AM

Really wonder why there is so much hatred towards the bitcoin idea. Is it because you guys don't understand how it works? Whats wrong with another method of getting sales? Whats wrong with no chargebacks? The way bit-pay is set up, you dont even need to ever touch a bitcoin.

Looks like some people in adult are using bitcoins to their advantage.

https://bitcointalk.org/index.php?topic=32428.0

Agent 488 · 08-07-2011, 10:24 AM

Quote:

Originally Posted by mayabong

Really wonder why there is so much hatred towards the bitcoin idea. Is it because you guys don't understand how it works? Whats wrong with another method of getting sales? Whats wrong with no chargebacks? The way bit-pay is set up, you dont even need to ever touch a bitcoin.

Looks like some people in adult are using bitcoins to their advantage.

https://bitcointalk.org/index.php?topic=32428.0

expand your mind idiot. just because you don't like a doesn't mean you like b. maybe i prefer c?

i hope to see more bitcoin like currencies in the future but bitcoin has some serious flaws that will cause it to fail. use some critical out of the box thinking that you guys always say that separates you from the "sheeple."

mayabong · 08-07-2011, 10:26 AM

Quote:

Originally Posted by Agent 488

expand your mind idiot. just because you don't like a doesn't mean you like b. maybe i prefer c?

i hope to see more bitcoin like currencies in the future but bitcoin has some serious flaws that will cause it to fail. use some critical out of the box thinking that you guys always say that separates you from the "sheeple."

Obviously you're one of the people who don't understand how it works, since you think mybitcoin was an exchange. (yawn)

Serge Litehead · 08-07-2011, 10:40 AM

there is no flaws with bitcoin like many like to think, otherwise it would not lift of the ground at all.
people, services, exchanges - imperfect; does not mean cannot be improved upon.

Barry-xlovecam · 08-07-2011, 10:46 AM

Bitcoins, Bitcoins Exchanges are an unregulated "currency" market.

It's like I set up Barry's Stock Exchange. You want to list your company's stock — pay my fee and I will do it ...

(That is a felony by the way — selling unregistered securities.)

Agent 488 · 08-07-2011, 10:49 AM

Quote:

Originally Posted by mayabong

Obviously you're one of the people who don't understand how it works, since you think mybitcoin was an exchange. (yawn)

yeah i got that wrong. i don't obsess about this shit like you do. sorry.

mayabong · 08-07-2011, 10:54 AM

Quote:

Originally Posted by Agent 488

yeah i got that wrong. i don't obsess about this shit like you do. sorry.

Thats pretty obvious, you remind me of this guy. lol
https://youtube.com/watch?v=R0CtyUKUbSw

08-05-2011, 08:03 AM	#1
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Online wallet service mybitcoin.com disappears with $250k+ worth of bitcoins, claims hack "Who is Tom Williams? MyBitcoin.com, which disappeared without explanation from the internet about a week ago, is back up with a messages ?From the desk of Tom Williams, operator of MyBitcoin.com.? The statement, labeled an ?incident report,? is the only live page on the site. MyBitcoin noticed a large amount of BTC missing, the statement says, realized its security had been breached, and pulled the site immediately. After investigating the hack, the statement says, the ?we? behind MyBitcoin realized it was bankrupt and ?would have to go into receivership.? There will be a claims process for reimbursing users, the statement says." [...] "MyBitcoin is based out of the popular off-shore banking hub of St. Kitts and Nevis, but vigilantes have fingered a group of Canadian hackers and the handles ?dalin,? ?nanaimogold,? and ?themadhatter.? The group has not responded to an interview request as of yet." Full article: http://www.betabeat.com/2011/08/05/m...with-bitcoins/

08-05-2011, 08:12 AM	#2
Serge Litehead Confirmed User Industry Role: Join Date: Dec 2002 Location: Behind the scenes Posts: 5,190	Wonder how much total bitcoins are gone, i've heard one account had 25000 BTC stored on there which is nuts. __________________ SilverCrocodile.com Adult web design since '05

08-05-2011, 08:22 AM	#5
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	secure bitcoins... __________________ BUY MY SIG - 50$/Year Contact here

08-05-2011, 08:26 AM	#7
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 55,359	good excude for stealing money __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

08-05-2011, 08:27 AM	#8
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,457	i still dont even know what a bitcoin is..lol __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

08-05-2011, 08:13 AM	#3
Love Sex Confirmed User Join Date: Nov 2004 Posts: 1,905	kind of scary, why anyone would keep that much in there is nuts. There is an article from the guy that had all his transactions reversed for a serious amount of money when it crashed. I closed the program after that.

08-05-2011, 08:34 AM	#10
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Wow, just noticed BTC is down to about $10.50. I haven't been keeping up with the market since I'm using a dedicated computer for mining, I just put my finger on the graphics card every now and then to confirm it's warm. Seriously.

08-05-2011, 08:35 AM	#12
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Bitcoins in "motion"

08-05-2011, 08:36 AM	#13
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 93,349	__________________ "Tjeezers.cam wishes you a nice day”

08-05-2011, 11:22 AM	#14
Jack Sparrow Almost goners.. Industry Role: Join Date: May 2008 Location: Netherlands Posts: 11,420	Wtf is bitcoin?

08-05-2011, 12:30 PM	#15
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	sure it was a "hack." thanks for the money suckers.

08-05-2011, 12:35 PM	#16
Si Such Fun! Industry Role: Join Date: Feb 2008 Posts: 13,900	Another bitcoin success story

08-05-2011, 12:43 PM	#18
Coup 🚨 PBBC International 🚨 Industry Role: Join Date: Apr 2010 Location: /👁\ Posts: 9,931	MTGOX was an online marketplace for trading cards lol

08-05-2011, 12:58 PM	#19
Fat Panda Porn is Dead. Move along. Industry Role: Join Date: Aug 2006 Posts: 13,295	this could easily happen with any of the pseudo banks floating around gfy too. watch out people...remember epassporte?

08-05-2011, 01:13 PM	#20
pornmasta Too lazy to set a custom title Join Date: Jun 2006 Posts: 19,121	in motion !

08-05-2011, 01:15 PM	#21
Harmon ( ͡ʘ╭͜ʖ╮͡ʘ) Industry Role: Join Date: Mar 2004 Posts: 20,006	This industry makes me laugh over and over. All of you stupid morons claiming that bitcoins were legit are owned. Dumb fucks. Trusting idiocracy. Stupid fucks.

08-05-2011, 01:22 PM	#22
pornmasta Too lazy to set a custom title Join Date: Jun 2006 Posts: 19,121	ok let's try egold... :D

08-05-2011, 04:06 PM	#23
mayabong Confirmed User Join Date: Jan 2010 Posts: 1,952	Any webmasters have a bitcoin payment method and an affiliate program? I'll promote. Talk to the guys at bit-pay.com to get a shopping cart set up. Instant payouts in cash or bitcions if you'd like from what I understand. no chargebacks.

08-05-2011, 04:29 PM	#24
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	but unlike cash, can't every bitcoin and transaction be tracked? __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

08-05-2011, 04:43 PM	#25
HomerSimpson Too lazy to set a custom title Industry Role: Join Date: Sep 2005 Location: Springfield Posts: 13,826	and now he'll take the price down on all markets until he sells all that BTCs for cash... __________________ Make a bank with Chaturbate - the best selling webcam program Ads that can't be block with AdBlockers !!! /// Best paying popup program (Bitcoin payouts) !!! PHP, MySql, Smarty, CodeIgniter, Laravel, WordPress, NATS... fixing stuff, server migrations & optimizations... My ICQ: 27429884 \| Email:

08-05-2011, 04:51 PM	#27
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	you all shrug off the idea that the fatal flaw in bitcoin is the exchanges, but it is true .... as proved yet again. you know that the cops will be running their own exchanges as well. if they don't already.

08-05-2011, 04:58 PM	#29
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	I just updated my personal financial statement for my bank, there was no line for bitcoins. I'll bring this up next time we talk. .

08-05-2011, 06:24 PM	#31
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Bitcoin transactions are public, but they're just a bunch of numbers. There is no identifying information attached to them, so there's no guaranteed way to find out who the sending and/or receiving parties are in a transaction.

08-05-2011, 07:07 PM	#34
moeloubani Confirmed User Industry Role: Join Date: Dec 2007 Location: Ontario Posts: 4,235	bitcoin isn't anonymous at all if you want it to be worth something as soon as you exchange the money and take it out you link it to yourself and leave a trail that's easy to see for example http://blockexplorer.com/address/1DV...9MCxeGEtmMmQCh you can see what wallets the money is going into and coming out of and if you follow it long enough you would be able to see them arriving at an exchangers bitcoin and thats who would have the info on identity

08-05-2011, 07:10 PM	#35
Si Such Fun! Industry Role: Join Date: Feb 2008 Posts: 13,900	It's funny seeing all these bitcointards still raving about how great it is in a thread that just proves one of its hundreds of flaws. Better than seeing someone faceplant off a bicycle.

08-07-2011, 12:46 AM	#38
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	BTC now down in the $7's I think it might be time to turn off my mining rig.

08-07-2011, 08:38 AM	#40
cykoe6 Confirmed User Industry Role: Join Date: Apr 2005 Location: Vegas Posts: 4,499	This thread makes me smile. __________________ бабки, шлюхи, сила

08-07-2011, 09:00 AM	#42
ottopottomouse She is ugly, bad luck. Industry Role: Join Date: Jan 2010 Posts: 13,177	ha haha haha __________________ ↑ see post ↑ 13101

08-07-2011, 10:19 AM	#44
mayabong Confirmed User Join Date: Jan 2010 Posts: 1,952	Really wonder why there is so much hatred towards the bitcoin idea. Is it because you guys don't understand how it works? Whats wrong with another method of getting sales? Whats wrong with no chargebacks? The way bit-pay is set up, you dont even need to ever touch a bitcoin. Looks like some people in adult are using bitcoins to their advantage. https://bitcointalk.org/index.php?topic=32428.0

08-07-2011, 10:40 AM	#47
Serge Litehead Confirmed User Industry Role: Join Date: Dec 2002 Location: Behind the scenes Posts: 5,190	there is no flaws with bitcoin like many like to think, otherwise it would not lift of the ground at all. people, services, exchanges - imperfect; does not mean cannot be improved upon. __________________ SilverCrocodile.com Adult web design since '05

08-07-2011, 10:46 AM	#48
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Bitcoins, Bitcoins Exchanges are an unregulated "currency" market. It's like I set up Barry's Stock Exchange. You want to list your company's stock — pay my fee and I will do it ... (That is a felony by the way — selling unregistered securities.) Last edited by Barry-xlovecam; 08-07-2011 at 10:49 AM..