Global Bitcoin Stock Exchange Shuts Down For Good

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The proximate cause would be the idiocy of Bitcoin-qt developers, who released about five versions of the thing before making the wallet encryptable. Consequently, for yearssomeone could lose all his coins simply by having one file read. Yes, they were that fucking stupid. I have hacked into mtgox database. Got a huge number of logins password combos. Mtgox has fixed the problem now. Too late, cause I've already got the data.

Amusingly, reports about the security such as it was having been breached were trickling in for weeks prior. Bitcoin ubitex data mining impossible to evaluate the actual loss with this one, but suffice it to observe that BTC was temporarily trading for 1 cent at the time.

On 26 July at about As a result of this operation, the virtual machine was deleted and all data lost, including bitcoin wallet and its backups. Amazon Web Services Company, which hosts our servers, says that the cleared machine has been set up bitcoin ubitex data mining be irretrievably destroyed including the data on the disks at the shutdown.

Unfortunately cooperation with Amazon Web Services is very difficult. As soon as I realized that my virtual machine was lost I have ordered AWS premium support, talked to the manager and asked for securing of the disk bitcoin ubitex data mining.

So far, without success. MtGox under new-ish management acquired the exchange for the value of the loss and made good to the customers. Yes, just like that. On Friday of last week we noticed that bitcoin ubitex data mining of bitcoin ubitex data mining pooled holding bitcoin ubitex data mining was missing a large amount of Bitcoins.

After a prompt investigation we realized that the security of our SCI Shopping Cart Interface system had been breached bitcoin ubitex data mining an unknown attacker. Our response was rash, but necessary. We simply switched the system off until we could have system-wide forensics performed.

The forensics took some time, as the system is bitcoin ubitex data mining complex by nature. After weighing all of our options, we have realized that we have no option but to go into receivership.

We will settle all accounts with a online claim process that we are currently in the process bitcoin ubitex data mining working out. We will release more detailed information about the security breach, the claim process, and our balance sheet in the next few days. Oct 5th Bitcoin7 iv announces. On Oct 5th Bitcoin7. While our investigation is still going, evidence reveals that the attacks originated from Russia and Eastern Europe.

The attack itself took action not only against the bitcoin7. Eventually the hackers managed to bitcoin ubitex data mining into the network which subsequently lead to a major breach into the bitcoin7. Even though our faith in the bitcoin project and community remains as strong as it ever was, it is our responsibility to admit that the scale of the damage is far beyond our financial and physical capabilities.

This is why we have decided to cease the operation of bitcoin7. This is also an open invitation to all interested investors which have interest in taking over the site at the only cost of recovering the stolen bitcoins. The crisis plan will take action over the next 90 days. On behalf of the management of bitcoin7. More specific updates will follow within the next 24 hours with detailed instructions about how to withdraw your funds.

It's not quite clear whether the hack was genuine or a set-up, hoping to cash in on the moral hazard brought about the bitomat. MtGox reimbursed customers so there is no loss. Peter Lambert on January 18, I have put up orders to buy back the outstanding shares of the LIF assets. Nefario on January 28, The entire thing was pretty hush-hush. This is the reason pretty much nobody should consider hosting with Linode. Dwolla demures, suit goes nowhere.

Jared Kenna makes secret payments to select users. Partners with Jonathan Ryan Owens see above creating 20 Moves, which somehow magically has the capital to start real estate development in San Francisco.

Supposedly an insecure email address being used for a mailing list was escalating into somehow getting Bitcoins. Basically, Amir Taaki xi "open sourced" proprietary code he sort of acquired or otherwise stole from Bitcoinica, which included a password which happens to have been reused on a high value email which could be leveraged and was leveraged to empty the hot wallet. And then paid the sum back.

Yes, you have it right: BTC-E declared about 4. A bunch of either bitcoin ubitex data mining or idiots sorted from the likeliest scammer to the likeliest idiot: Numerous people took the bet, MNW failed to pay out when the collapse of that Ponzi scheme became fact. Consequently scammertagged in the forum. I am defaulting on my BDK.

Beyond this, I will no longer be honoring bitcoin ubitex data mining contract in the form I originally laid out. I previously intended to empty my non-legal wife's we personally consider ourselves married, but legally, we are individual and thus have rights we'd otherwise forfeit k.

Please don't turn this into some Pirate discussion. After weeks of tha stress, on top of previous stress I do not think her response to my actions bitcoin ubitex data mining unreasonable she's already effectively lost tens of thousands due to my actionsbut this clearly affects my ability to repay within what I'd consider a reasonable time-frame.

I currently have a negative net worth excluding my residence which would be protected under a personal bankruptcy filing which I will not pursue unless a suit is formally filed against me.

I'd advise against taking action on potential cynicism, and suggest you give me at least a couple months to confirm I am indeed making a decent effort toward repaying what I owe. I am unable to pay interest on my current BDK. It's impossible for me to keep up with that, living expenses, and interest on other debts which are small enough where I can close them - and I apologize, in a sense, for the unfairness of how this is being handled. BND-holders, who I've always wanted most protected from risk, are now getting the shaft.

I cannot subject my wife to more loss, and will be forcing BDK. BND holders to suffer as a result of my unwillingness to liquidate my residence. I apologize for the trust I've violated, the business mismanagement, and this default as a result. If I were unable to compartmentalize, I would be unable to write this.

I am truly and deeply sorry. I also apologize for not having the emotional fortitude to prevent what I'm also about to announce: I will not be communicating much, if at bitcoin ubitex data mining.

I will likely not read anything written in this thread beyond this post for months. I just can't handle it when there are many things I need to do to get the situation in order. I will not be responding to phone calls, Skype messages, nor responding to emails. I will not bitcoin ubitex data mining clarifying what I've written, and will not be responding to questions. I just can't right now, and understand how bad that looks and is.

I will post an impersonal message each time I make a dividend payment. These will come in the form of irregular, unannounced dividends -- there bitcoin ubitex data mining no longer be. I will never buy BDK. BND back, and that section of the contract can be considered practically void. I can do nothing but assure everyone that I have no intent to make any purchases of BDK. BND units, and will allow them to trade freely on GLBSE as people value them given I have absolutely no information on when, and in what amount, these bonds will be repaid.

However, I promise I will repay the debt as it stands, as I'm able. BND units as a gesture of goodwill and appreciation for not suing me into bankruptcy beyond the. Basically - I will be making larger, more rapid payments until dividends beyond this date reach. After that time, I will continue paying irregular dividends bitcoin ubitex data mining a way which is appropriate for the gratitude I owe, and possible for bitcoin ubitex data mining amount I need to live.

I am bitcoin ubitex data mining to provide a repayment schedule or dividend schedule. Essentially - I'm giving what I can without forcing an unreasonable amount of loss beyond what I've currently caused onto my non-legal wife, and I naively hope everyone trusts me to be doing exactly what I'm saying I will.

I'll provide instructions in my will to give an update with death certificate on this forum in the event of my death. Though things have been pretty poo poo lately, I am not at all suicidal -- just gave the info in that last sentence as an FYI.

This included many of my non-legal wife's assets. There is still one outstanding CD-holder who has been excessively generous in providing me time to repay. That is a family member's house. DO NOT release that address. I would prefer my home address not be released publicly, but would also not consider public release of that information unwarranted.

If you are coming for a visit, I would like at least a voice message a day or two prior. Harm toward family's off-limits, and I would physically object to bodily harm which may result in my stay in a hospital, as that'd further impede repayment.

I am armed, so please keep ideas of physical violence in check.

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So sorry, guys. Choose this option if you prefer to trade the robot from your own computer. The bitkan app will keep you updated anytime anywhere.