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More info: https://coinfire.cf/2015/01/05/bitstamp-confirms-deposit-address-issue/ https://coinfire.cf/2015/01/05/bitstamp-confirms-deposit-add... "We are work

by qnr 12y ago

More info: https://coinfire.cf/2015/01/05/bitstamp-confirms-deposit-address-issue/ https://coinfire.cf/2015/01/05/bitstamp-confirms-deposit-add... "We are working to determine what has gone wrong. The majority of our coins are swept and placed in cold storage often so this shouldn’t be a major issue right now but we are still working to determine the breadth of the issue. This seems to be a server issue and not a compromise but our teams are still investigating."

megaultra 12y ago
I don't like the wording here: The majority of our coins are swept and placed in cold storage often so this shouldn't be a major issue right now. It leaves too much wiggle room. It's like saying: At least some coins have not been placed in cold storage so this could be an issue. Does not look good.
- corford 12y ago
  To be fair, they have to leave some wiggle room while they investigate the extent of the hack. With a bit of luck just the hot wallet got compromised, they trace how, fix it and honour any deposits made to the that wallet before the breach was detected. So far this is exactly what they say they are going to do. Time will tell but there's no reason to believe they wont act correctly at this stage.
  - corford 12y ago
    On the other hand, this makes for uncomfortable reading (was posted to r/bitcoin earlier today): http://pastebin.com/ufNLW7xZ http://pastebin.com/ufNLW7xZ
- Robin_Message 12y ago
  The whole point of cold storage is that only some coins are swept into it (and some remain in a "hot" wallet which is used to process transactions) so I don't think you can read what you have into this statement.
- unreal37 12y ago
  Unless their hot wallet was always empty (and how could it be, since it's by definition used for operations), there is no way they can say all of their coins are safe and none are missing. It's all they can say unless they know 100% for sure what was taken and what is safe.

by qnr 12y ago

megaultra 12y ago

I don't like the wording here: The majority of our coins are swept and placed in cold storage often so this shouldn't be a major issue right now. It leaves too much wiggle room. It's like saying: At least some coins have not been placed in cold storage so this could be an issue. Does not look good.

corford 12y ago
To be fair, they have to leave some wiggle room while they investigate the extent of the hack. With a bit of luck just the hot wallet got compromised, they trace how, fix it and honour any deposits made to the that wallet before the breach was detected. So far this is exactly what they say they are going to do. Time will tell but there's no reason to believe they wont act correctly at this stage.
- corford 12y ago
  On the other hand, this makes for uncomfortable reading (was posted to r/bitcoin earlier today): http://pastebin.com/ufNLW7xZ http://pastebin.com/ufNLW7xZ
Robin_Message 12y ago
The whole point of cold storage is that only some coins are swept into it (and some remain in a "hot" wallet which is used to process transactions) so I don't think you can read what you have into this statement.
unreal37 12y ago
Unless their hot wallet was always empty (and how could it be, since it's by definition used for operations), there is no way they can say all of their coins are safe and none are missing. It's all they can say unless they know 100% for sure what was taken and what is safe.