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Board Beginners & Help
Re: BIPS Wallet security breach
by
assortmentofsorts
on 04/12/2013, 02:57:19 UTC
http://www.version2.dk/artikel/ny-forklaring-om-det-store-danske-bitcoin-roeveri-ddos-angreb-var-kun-et-roegsloer-55179

"It was wrong announced. After the first DDoS attacks were hackers inside and found a hole and then deleted the total and masked what they had done afterwards with the large DDoS attacks which struck the connection to the SAN and got the servers to crash , "says Kris Henriksen to Version2.

"The service was divided into 'cold wallet' where customers Bitcoins was locked down, and a 'hot wallet' where they were offloaded when there had to be moved around on them. But because of an error in the algorithm, the entire portfolio of Bitcoins ended up standing in 'hot wallet' department."


"With the success we've had with all the people have bought and sold, the algorithm moved it all over in hot wallet. It took hackers saw a hole that they could exploit, "said Kris Henriksen.

This version of the story was told only to Version2 and no press release that said that the previous press release by BIPS was the incorrect version.

Now BIPS has released a press release today: https://bips.me/press which still does not contain the version told to Version2.

Be careful when you get a mail or anything asking you to give consent by BIPS. According to my lawyer it might be a sly attempt at getting consent to "yes the coins have not been stolen by BIPS". Does anyone (from Denmark) have any contacts at Danish National IT Forensic Police department? Can someone check if a case is registered with them and whether they really are assisting BIPS?

EDIT: What kind of shitty code had Kris written that moved all coins from 'cold wallet' to the hot wallet? So that means people who paid for the cold storage were being fleeced extra bitcoins for something that wasn't even secure. Great!