BitShares Forum

Main => General Discussion => Topic started by: bitcrab on December 22, 2016, 02:19:50 am

Title: btc38 hacked and 10M BTS stolen
Post by: bitcrab on December 22, 2016, 02:19:50 am
as btc38 officially said, due to "server logic error", they lost more than 10M BTS, more than 10M NXT and some BTC/LTC from the hot wallet, which totally worth about 1.5M CNY.

it seems below is the hacker's BTS account:

(http://p1.bpimg.com/523014/2ca5f7909f9ab9d4.png)
Title: Re: btc38 hacked and 10M BTS stolen
Post by: BunkerChainLabs-DataSecurityNode on December 22, 2016, 02:40:51 am
This looks closer to 20m BTS lost!

Quick.. someone create a prediction market on what the hacker is going to do with it!
Title: Re: btc38 hacked and 10M BTS stolen
Post by: kani on December 22, 2016, 03:00:59 am
Those aren't real BTS.  Real BTS wouldn't have been kept on a centralized exchange!
Title: Re: btc38 hacked and 10M BTS stolen
Post by: Chronos on December 22, 2016, 04:57:18 am
Where's my -5% button?  :(
Title: Re: btc38 hacked and 10M BTS stolen
Post by: bitAndy on December 22, 2016, 05:16:15 am
This should be another example to people that centralized exchanges are vulnerable to these attacks. Bitshares' decentralized exchange is still as needed as it ever was.
Title: Re: btc38 hacked and 10M BTS stolen
Post by: kani on December 22, 2016, 05:16:43 am
Did I offend? 

Good!

Here you have the most fantastic exchange ever created and the people who SHOULD be using it the most aren't.

How can the Bitshares community convince others to use their exchange if they don't use it themselves???  Shame.
Title: Re: btc38 hacked and 10M BTS stolen
Post by: Brekyrself on December 22, 2016, 05:23:28 am
Where is the official announcement?
Title: Re: btc38 hacked and 10M BTS stolen
Post by: kani on December 22, 2016, 05:47:25 am
Where is the official announcement?

I can't find anything official, but here's some discussion on bitcointalk:
https://bitcointalk.org/index.php?topic=522458.msg17252309#msg17252309

Someone says they got the following response from support (bold is mine for emphasis)

"The problem of server logic, leading to more than 1000 bits in platform hot wallet share, more than 1000 future currency and a few other digital assets, such as BTC/LTC is missing, but we will bridge the funding gap. Users will not have a loss. Other COINS will be this two days to return to work."
Title: Re: btc38 hacked and 10M BTS stolen
Post by: fav on December 22, 2016, 06:39:10 am
btc38 being shit as usual. nothing to see here
Title: Re: btc38 hacked and 10M BTS stolen
Post by: Chris4210 on December 22, 2016, 11:11:01 am
There seems to be an increase in targeted hacks of exchanges, VC, C-Level and more across the Blockchain industry. The Forbes article described it all.  I think its time for all of us to think about more what it means to be your own bank and how much own security you need to manage to safe your funds.
Title: Re: btc38 hacked and 10M BTS stolen
Post by: infovortice2013 on December 22, 2016, 11:52:04 am

btc38, http://news.8btc.com/exclusive-btc38-hot-wallet-got-hacked-and-lost-1-5-million
Title: Re: btc38 hacked and 10M BTS stolen
Post by: ripplexiaoshan on December 22, 2016, 04:40:52 pm
Good time to promote Bitshares Exchange +5%
Title: Re: btc38 hacked and 10M BTS stolen
Post by: mike623317 on December 22, 2016, 04:55:36 pm
Here you have the most fantastic exchange ever created and the people who SHOULD be using it the most aren't.

How can the Bitshares community convince others to use their exchange if they don't use it themselves???  Shame.

EXACTLY THIS ^^^
Title: Re: btc38 hacked and 10M BTS stolen
Post by: KenMonkey on December 23, 2016, 12:43:09 am
So are users going to get their funds back? Anyone here using that exchange?
It could mean big demand and price bump for BTS if btc38 has to buy back 20M BTS. So that's alright, as long as the hacker doesn't start selling.

Hopefully we can catch that pig fucker

Although why anyone uses these centralized exchanges with light-years more secure BAE available is beyond me.
Title: Re: btc38 hacked and 10M BTS stolen
Post by: KenMonkey on December 23, 2016, 11:34:13 pm
Looks like btsx-bitshare is starting to sell. Is there anyway openledger could blacklist this account from buying open.assets?

It's sad to see crime on the bts blockchain and of course there is always the inherent freedom to transfer assets you own, but we should do everything we can to track and prevent btsx-bitshare's activity.
Title: Re: btc38 hacked and 10M BTS stolen
Post by: Brekyrself on December 24, 2016, 03:33:33 am
Looks like btsx-bitshare is starting to sell. Is there anyway openledger could blacklist this account from buying open.assets?

It's sad to see crime on the bts blockchain and of course there is always the inherent freedom to transfer assets you own, but we should do everything we can to track and prevent btsx-bitshare's activity.

Who's to say BTC38 itself is not behind the "hack?"  Much the same can be said for Gox...
Title: Re: btc38 hacked and 10M BTS stolen
Post by: chryspano on December 24, 2016, 01:12:24 pm
Looks like btsx-bitshare is starting to sell. Is there anyway openledger could blacklist this account from buying open.assets?

It's sad to see crime on the bts blockchain and of course there is always the inherent freedom to transfer assets you own, but we should do everything we can to track and prevent btsx-bitshare's activity.

Who's to say BTC38 itself is not behind the "hack?"  Much the same can be said for Gox...
+5%
Title: Re: btc38 hacked and 10M BTS stolen
Post by: KenMonkey on December 24, 2016, 08:44:54 pm
Looks like btsx-bitshare is starting to sell. Is there anyway openledger could blacklist this account from buying open.assets?

It's sad to see crime on the bts blockchain and of course there is always the inherent freedom to transfer assets you own, but we should do everything we can to track and prevent btsx-bitshare's activity.

Who's to say BTC38 itself is not behind the "hack?"  Much the same can be said for Gox...
+5%

Yeah yeah yeah, it could be BTC38, who knows (If they're refunding their customer then it probably wasn't them?). You can't trust centralized exchanges further than you can throw them. But....

The thing I'm asking is if openledger can put a blacklist on this account for the open.btc asset.
Title: Re: btc38 hacked and 10M BTS stolen
Post by: abit on December 27, 2016, 03:57:21 pm

The thing I'm asking is if openledger can put a blacklist on this account for the open.btc asset.
Technically it's possible for the core asset BTS as well.

//Edit: I was wrong.
Title: Re: btc38 hacked and 10M BTS stolen
Post by: GChicken on December 27, 2016, 04:16:50 pm
Does this account belong to the hacker or to BTC38? has anyone confirmed this? i thought it was BTC38; but the order on the DEX for 10 Open.BTC makes me think otherwise.

if it is the hacker; who are we to say he can't have his money. maybe it was his money in the first place and BTC38 stole it from him/her.... not likely but we don't know and we should not care either. on the edges this maybe different (Blocktrades, Open Ledger, PoloniEX) but the core Bitshares network should not judge.
Title: Re: btc38 hacked and 10M BTS stolen
Post by: kani on December 27, 2016, 04:26:20 pm

The thing I'm asking is if openledger can put a blacklist on this account for the open.btc asset.
Technically it's possible for the core asset BTS as well.

IMHO, I prefer a hands-off approach from the token issuer and gateway operator.  If they begin blacklisting, whose to say what is and is not justification for such a blacklist.
Title: Re: btc38 hacked and 10M BTS stolen
Post by: abit on December 27, 2016, 04:34:15 pm

The thing I'm asking is if openledger can put a blacklist on this account for the open.btc asset.
Technically it's possible for the core asset BTS as well.

IMHO, I prefer a hands-off approach from the token issuer and gateway operator.  If they begin blacklisting, whose to say what is and is not justification for such a blacklist.
Just FYI I was wrong and my comment is edited now.
Title: Re: btc38 hacked and 10M BTS stolen
Post by: KenMonkey on December 28, 2016, 09:28:36 pm
Does this account belong to the hacker or to BTC38? has anyone confirmed this? i thought it was BTC38; but the order on the DEX for 10 Open.BTC makes me think otherwise.

if it is the hacker; who are we to say he can't have his money. maybe it was his money in the first place and BTC38 stole it from him/her.... not likely but we don't know and we should not care either. on the edges this maybe different (Blocktrades, Open Ledger, PoloniEX) but the core Bitshares network should not judge.

It's pretty blatant this account belongs to whomever hacked BTC38 as they emptied all BTC38s hot accounts into one. (see the first post on this thread and see history of those BTC38 accounts)