Author Topic: btc38 hacked and 10M BTS stolen  (Read 1914 times)

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Offline bitcrab

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btc38 hacked and 10M BTS stolen
« 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:


Offline BunkerChainLabs-DataSecurityNode

Re: btc38 hacked and 10M BTS stolen
« Reply #1 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!
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Offline kani

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Re: btc38 hacked and 10M BTS stolen
« Reply #2 on: December 22, 2016, 03:00:59 am »
Those aren't real BTS.  Real BTS wouldn't have been kept on a centralized exchange!
My opinions are my own

Turn up the H.E.A.T.

Offline Chronos

Re: btc38 hacked and 10M BTS stolen
« Reply #3 on: December 22, 2016, 04:57:18 am »
Where's my -5% button?  :(

Offline bitAndy

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Re: btc38 hacked and 10M BTS stolen
« Reply #4 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.

Offline kani

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Re: btc38 hacked and 10M BTS stolen
« Reply #5 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.
My opinions are my own

Turn up the H.E.A.T.

Offline Brekyrself

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Re: btc38 hacked and 10M BTS stolen
« Reply #6 on: December 22, 2016, 05:23:28 am »
Where is the official announcement?

Offline kani

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Re: btc38 hacked and 10M BTS stolen
« Reply #7 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."
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Turn up the H.E.A.T.

Offline fav

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Re: btc38 hacked and 10M BTS stolen
« Reply #8 on: December 22, 2016, 06:39:10 am »
btc38 being shit as usual. nothing to see here
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Offline Chris4210

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Re: btc38 hacked and 10M BTS stolen
« Reply #9 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.
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Offline infovortice2013

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« Last Edit: December 22, 2016, 11:55:14 am by infovortice2013 »
New Keyoteeid: 5rUhuLCDWUA2FStkKVRTWYEqY1mZhwpfVdRmYEvMRFRD1bqYAL
new08/21 id 5Sjf3LMuYPSeNnjLYXmAoHj5Z6TPCmwmfXD6XwDmg27dwfQ

Offline ripplexiaoshan

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Re: btc38 hacked and 10M BTS stolen
« Reply #11 on: December 22, 2016, 04:40:52 pm »
Good time to promote Bitshares Exchange +5%
BTS committee member:jademont

Offline mike623317

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Re: btc38 hacked and 10M BTS stolen
« Reply #12 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 ^^^

Offline KenMonkey

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Re: btc38 hacked and 10M BTS stolen
« Reply #13 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.

Offline KenMonkey

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Re: btc38 hacked and 10M BTS stolen
« Reply #14 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.