Silk Road forums

Market => Rumor mill => Topic started by: MR. CranE on August 05, 2011, 08:43 pm

Title: FINALLY! Some REAL news on Mybitcoin.com
Post by: MR. CranE on August 05, 2011, 08:43 pm
So, just out of sheer hope, like I've been doing several times a day since the disaster, I tried accessing mybitcoin.com today. It actually came up and not only did it load there is some pretty good news there. Here is the letter that is posted there. I just copied nd pasted it.

"Thursday, August 4th, 2011

From the desk of Tom Williams, operator of MyBitcoin.com

For immediate release.

As you have probably noticed, MyBitcoin.com had been down for almost a week due to an unfortunate event.

On Friday of last week we noticed that one of our pooled holding servers 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 by 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 quite 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 of working out.

We will release more detailed information about the security breach, the claim process, and our balance sheet in the next few days.


Tom Williams"

See for yourself, just visit mybitcoin.com

From the looks of it we may actually get some or all of our BTC back. Even though they have yet to return this news has more than made my day so I figured I'd share it with you guys. Stay hopeful people. Have faith that good karma will pay off to those deserving of it :D

-MR. CranE-
Title: Re: FINALLY! Some REAL news on Mybitcoin.com
Post by: nomad bloodbath on August 05, 2011, 09:21 pm
Sounds like the same story new story teller to me.
I'm just glad I didn't have my btc sitting in there.
I had already lost a chunk of change there during black friday.
Title: Re: FINALLY! Some REAL news on Mybitcoin.com
Post by: rake on August 05, 2011, 10:08 pm
If the btc have been stolen, publish the address(es) that they were sent to so exchangers and the general public can reject transactions with coins from those addresses.  It's pretty easy to do.  If someone uploads btc to Tradehill or Mt.Gox the red flagged address will be in the block chain.  If they are sold off market, you can simply ask to buy a sample btc, check it with block explorer and then reject the rest of the trade.

If the major players in btc use (SR included) implemented this, it wouold make stolen btc worthless.