This person must be either Kris or someone related to him. Awfully suspicious when there's new accounts exclusively defending BIPS in this thread.

When you build a business around keeping money safe, there's no room for error. The absolute worst way you could ever screw over your users is by compromising their wallets.

If you manage the lose a million dollars of someone else's money, you can't expect there would be no consequences. Of course people are going to be extremely upset.

It's becoming pretty obvious all the money is gone and BIPS is an absolutely awful company nobody should ever trust, but the only way Kris could safe his face is to step forward and address the situation.

If he decides to remain silent and act like nothing happened, people are going to make it personal. There's no way around it.

Summed the situation and my thoughts in a very rational way, +1.

If Kris contacts you, please share an update here.

People are very upset and very hostile towards Kris, me included, but I hope he understands it's nothing personal and it's better to just come out and state how things are and what he is planning to do about this.

Prolonging this and remaining silent will only escalate things and make this a lot worse.

Has anyone heard from BIPS/Kris recently?

Two days since last response, now BIPS site is barely loading. Lots of traffic or perhaps another DDOS?

At this point I'm assuming the money is gone and it'll be quite a fight with BIPS to get it compensated for, but any information would be welcome.

I've only heard "I can't promise anything right now" from Kris, that doesn't exactly give me confidence I'd ever see my money again, nor is it sufficient information about what exactly happened.

I trusted BIPS with a sum that's very significant for me personally and damn right I'm going to hold them accountable if disappears, not let it slip.

The lack of communication and evidence makes this all seem really shady and it doesn't help there's a bunch of new accounts trying to shush the people who are upset with thousands of dollars vanishing in thin air.

Until I either receive proper evidence of what happened and information on how BIPS is going to handle it with authorities, I'm going to think Kris is a reasonable suspect and looking how to take both legal and social action on this.

"You shouldn't trust a web wallet" isn't a valid excuse to swipe this under the rug. It was entirely reasonable for people to think the service will keep their money safe and it failed to do so. In many countries of EU, including where I live, ticking a mandatory checkbox in TOS form can't remove the service provider's liability to keep user data safe, especially when it comes to money.

I had 1.1335 coins at bips.me, bought them less than a year ago and kind of forgot about the whole account. I got the mail about the security breach, logged back in and can no longer see any coins or activity logs on the account.

What's odd is that I went to my mail to see if I can find the transaction details for my purchase and found the link to my wallet activity https://blockchain.info/address/14zpn5EGTBKLZGRroBZn7uzTBUWFqJo4cs

It seems like all the coins would have been taken out of the account just hours after they were put there, over half a year ago. I guess the blockchain reports etc. can't be tinkered with, so it must be the case?

I started thinking that did I transfer the coins over to mtgox account so I could sell them more easily, but my mtgox account is also claiming no transaction history.

Is there any hope to recover my coins, or are they gone forever? Paid only ~80$ for them, so it's not a massive loss, but at current rates it still stings. I guess that's what I get for wanting a convenient online wallet.