Ninjastic
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Board Bitcoin Discussion
Re: ALL of my bitcoins stolen (Around 60) . What the F*CK.
by
dukejer
on 27/06/2011, 13:00:43 UTC
Quote from: bcearl on June 27, 2011, 06:23:36 AM
Quote from: KnuttyD on June 27, 2011, 05:09:10 AM
Quote from: peach on June 27, 2011, 05:06:19 AM
Sounds very fishy.

If you had it encrypted, any ideas on how it was stolen?

If you're being honest, I'm terribly sorry for your loss. That stinks.

Yea, it does. I had /backups/ encrypted, I should have been clear. Any virus/trojan/person could have just coppied the wallet file from %appdata%/bitcoin.

Encryption cannot protect wallets in use, because your legitimate client has to decrypt it anyway. Encryption is good for backups only.

This is not true.  If the private keys are encrypted in the wallet and in memory and only unencrypted at the time of sending BTC to a different spot in memory each time and then promptly erased from memory.  This would be a reasonable amount of security and make it difficult for a Virus or Trojan to steal the private keys.  The only problem I see with this method is people losing their password to their private keys but I think that also Bitcoin Clients should mandate the user backing up their keys unencrypted to a removable device or print them out at time of key generation.

-Dukejer