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Mybitcoin.com runs off with everyone's bitcoin.

27 pointsby BinaryAcidalmost 14 years ago

10 comments

keeperofdakeysalmost 14 years ago
Well, the host seems totally offline. Was there content there, or is this submission's title your personal interpretation? The whois information has a good chance of being fake though.
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dave_sullivanalmost 14 years ago
I'm a fan of bitcoin and really do hope it succeeds and stabilizes. Still, for supposedly being a community of paranoid libertarian types, they certainly trust total strangers a lot...
Astrohackeralmost 14 years ago
There are some threads on the Bitcoin Forum about it:<p><a href="https://bitcointalk.org/index.php?topic=32900.0" rel="nofollow">https://bitcointalk.org/index.php?topic=32900.0</a><p><a href="https://bitcointalk.org/index.php?topic=32984.0" rel="nofollow">https://bitcointalk.org/index.php?topic=32984.0</a><p>On the same weekend, the third largest bitcoin exchange site, Bitomat, lost their wallet.dat and thus lost 17,000 of their customers' BTC in the process:<p><a href="https://bitcointalk.org/index.php?topic=33457.0" rel="nofollow">https://bitcointalk.org/index.php?topic=33457.0</a><p>Sad times for bitcoin.
Joakalalmost 14 years ago
I don't see any evidence of the allegation that Mybitcoin.com runs off with everyone's bitcoin[s] except a non-responding server which isn't conclusive.<p>What's the case?
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ebaysucksalmost 14 years ago
The amount of money involved is quite substantial.<p>There are rumors that one single person had 25000 bitcoins stored at mybtc. That's a very painful amount of money to be panicking about...<p>Another bad sign is that the company behind mybitcoin.com was apparantly set up off shore and nobody knows who the owner is (AFAIK).<p>Just like MtGox, MyBTC.com simply was the market leader by virtue of being first.
Augustealmost 14 years ago
The owner of mybitcoin.com, Tom Williams, has apparently responded on the BitCoin forums: <a href="https://bitcointalk.org/index.php?topic=33646.0;topicseen" rel="nofollow">https://bitcointalk.org/index.php?topic=33646.0;topicseen</a>
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devinalmost 14 years ago
No one saw this coming. &#60;/sarcasm&#62;
dfcalmost 14 years ago
I cant connect to mybtc. what is the story? Is anyone else having trouble connecting?
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mcantelonalmost 14 years ago
How long has it been down?
drivebyacct2almost 14 years ago
Not surprising. Back when there was only one bitcoin app in the Android Market, I toyed with the idea of publishing some smallish app that interacted with people's BitCoins or would provide remote access.<p>How hard would it be to get a pre-paid credit card, publish the app to the app store and have it simply email account credentials to some random throw away email address or just skim a tiny amount of BTC in the background?<p>It's funny, with BitCoin's design and the current user-driven banking solutions, people are realizing how much control banks have due to the implicit trust. I don't understand why people continue to naively trust these online wallets or even exchanges who will hold your BTC for you... they continue to display poor security habits and haven't done much of anything to truly earn users' trust.<p>(Note, these are general comments. I've never heard of this site before and I have no idea why the site is not currently accessible. For all I know, their power went out and they're totally legit)
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