Bitcoinica Another Hot Wallet Hack - Revision history

Azoundria at 21:32, 13 September 2024

2024-09-13T21:32:55Z

Azoundria at 23:51, 12 April 2023

2023-04-12T23:51:17Z

← Older revision		Revision as of 17:51, 12 April 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/anotherbitcoinicahotwallethack.php}}		{{Imported Case Study 2\|source=https://www.quadrigainitiative.com/casestudy/anotherbitcoinicahotwallethack.php}}
	{{Unattributed ~~Citations~~}}		{{Unattributed Sources}}

	A generous thief returned the funds. More than 30% of the assets on the exchange had been stored in hot wallets.		A generous thief returned the funds. More than 30% of the assets on the exchange had been stored in hot wallets.

	This exchange or platform is based in New Zealand, or the incident targeted people primarily in New Zealand.		This exchange or platform is based in New Zealand, or the incident targeted people primarily in New Zealand.<ref name="newsdotbitcoin-7" /><ref name="finextra-13" /><ref name="bitcointalklistold-20" /><ref name="bitcoinmagazine-23" /><ref name="bitcoinwiki-24" /><ref name="bitcointalklist-87" /><ref name="slowmisthacked-1160" />
	<ref name="newsdotbitcoin-7" /><ref name="finextra-13" /><ref name="bitcointalklistold-20" /><ref name="bitcoinmagazine-23" /><ref name="bitcoinwiki-24" /><ref name="bitcointalklist-87" /><ref name="slowmisthacked-1160" />

	== About Bitcoinica ==		== About Bitcoinica ==
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	!Description		!Description
	\|-		\|-
	\|July 1st, 2012 12:00:10 AM		\|July 1st, 2012 12:00:10 AM MDT
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
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	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== General Prevention Policies ==
			This is a case where simply knowing who's holding the funds and storing them properly offline with multiple signatures would have avoided the issues.
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

			{{Prevention:Individuals:End}}

	== Prevention Policies ==		== Platform Prevention Policies ==
	~~This is a case where simply knowing who's holding the funds and storing them properly offline with multiple signatures would have avoided the issues.~~		{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

			== Regulatory Prevention Policies ==
			{{Prevention:Regulators:Placeholder}}

			{{Prevention:Regulators:End}}

	== References ==		== References ==
	<references><ref name="newsdotbitcoin-7">[https://news.bitcoin.com/bitcoin-exchange-thefts-forgotten/ The Bitcoin Exchange Thefts You May Have Forgotten \| Featured Bitcoin News] (Jan 28, 2020)</ref>		<references><ref name="newsdotbitcoin-7">[https://news.bitcoin.com/bitcoin-exchange-thefts-forgotten/ The Bitcoin Exchange Thefts You May Have Forgotten \| Featured Bitcoin News] (Jan 29, 2020)</ref>

	<ref name="finextra-13">[https://www.finextra.com/newsarticle/23973/users-sue-bitcoin-exchange-over-460k-in-missing-funds Users sue Bitcoin exchange over $460k in missing funds] (Feb 2, 2020)</ref>		<ref name="finextra-13">[https://www.finextra.com/newsarticle/23973/users-sue-bitcoin-exchange-over-460k-in-missing-funds Users sue Bitcoin exchange over $460k in missing funds] (Feb 3, 2020)</ref>

	<ref name="bitcointalklistold-20">[https://bitcointalk.org/index.php?topic=83794.msg923918#post_toc_27 <nowiki>List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses [Old]</nowiki>] (Jan 27, 2020)</ref>		<ref name="bitcointalklistold-20">[https://bitcointalk.org/index.php?topic=83794.msg923918#post_toc_27 <nowiki>List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses [Old]</nowiki>] (Jan 28, 2020)</ref>

	<ref name="bitcoinmagazine-23">[https://bitcoinmagazine.com/articles/bitcoinica_an_obituary-1336979566 Bitcoinica: An Obituary] (Feb 3, 2020)</ref>		<ref name="bitcoinmagazine-23">[https://bitcoinmagazine.com/articles/bitcoinica_an_obituary-1336979566 Bitcoinica: An Obituary] (Feb 4, 2020)</ref>

	<ref name="bitcoinwiki-24">[https://en.bitcoin.it/wiki/Bitcoinica Bitcoinica - Bitcoin Wiki] (Feb 3, 2020)</ref>		<ref name="bitcoinwiki-24">[https://en.bitcoin.it/wiki/Bitcoinica Bitcoinica - Bitcoin Wiki] (Feb 4, 2020)</ref>

	<ref name="bitcointalklist-87">[https://bitcointalk.org/index.php?topic=576337 List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses] (Feb 15, 2020)</ref>		<ref name="bitcointalklist-87">[https://bitcointalk.org/index.php?topic=576337 List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses] (Feb 15, 2020)</ref>

	<ref name="slowmisthacked-1160">[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 25, 2021)</ref></references>		<ref name="slowmisthacked-1160">[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 26, 2021)</ref></references>

Azoundria at 23:57, 18 February 2023

2023-02-18T23:57:22Z

← Older revision		Revision as of 17:57, 18 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/anotherbitcoinicahotwallethack.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/anotherbitcoinicahotwallethack.php}}
			{{Unattributed Citations}}

	A generous thief returned the funds. More than 30% of the assets on the exchange had been stored in hot wallets.		A generous thief returned the funds. More than 30% of the assets on the exchange had been stored in hot wallets.

	This exchange or platform is based in New Zealand, or the incident targeted people primarily in New Zealand.		This exchange or platform is based in New Zealand, or the incident targeted people primarily in New Zealand.
			<ref name="newsdotbitcoin-7" /><ref name="finextra-13" /><ref name="bitcointalklistold-20" /><ref name="bitcoinmagazine-23" /><ref name="bitcoinwiki-24" /><ref name="bitcointalklist-87" /><ref name="slowmisthacked-1160" />

	== About Bitcoinica ==		== About Bitcoinica ==
Line 75:		Line 77:

	== References ==		== References ==
	[https://news.bitcoin.com/bitcoin-exchange-thefts-forgotten/ The Bitcoin Exchange Thefts You May Have Forgotten \| Featured Bitcoin News] (Jan 28)		<references><ref name="newsdotbitcoin-7">[https://news.bitcoin.com/bitcoin-exchange-thefts-forgotten/ The Bitcoin Exchange Thefts You May Have Forgotten \| Featured Bitcoin News] (Jan 28, 2020)</ref>

	[https://www.finextra.com/newsarticle/23973/users-sue-bitcoin-exchange-over-460k-in-missing-funds Users sue Bitcoin exchange over $460k in missing funds] (Feb 2)		<ref name="finextra-13">[https://www.finextra.com/newsarticle/23973/users-sue-bitcoin-exchange-over-460k-in-missing-funds Users sue Bitcoin exchange over $460k in missing funds] (Feb 2, 2020)</ref>

	[https://bitcointalk.org/index.php?topic=83794.msg923918#post_toc_27 <nowiki>List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses [Old]</nowiki>] (Jan 27)		<ref name="bitcointalklistold-20">[https://bitcointalk.org/index.php?topic=83794.msg923918#post_toc_27 <nowiki>List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses [Old]</nowiki>] (Jan 27, 2020)</ref>

	[https://bitcoinmagazine.com/articles/bitcoinica_an_obituary-1336979566 Bitcoinica: An Obituary] (Feb 3)		<ref name="bitcoinmagazine-23">[https://bitcoinmagazine.com/articles/bitcoinica_an_obituary-1336979566 Bitcoinica: An Obituary] (Feb 3, 2020)</ref>

	[https://en.bitcoin.it/wiki/Bitcoinica Bitcoinica - Bitcoin Wiki] (Feb 3)		<ref name="bitcoinwiki-24">[https://en.bitcoin.it/wiki/Bitcoinica Bitcoinica - Bitcoin Wiki] (Feb 3, 2020)</ref>

	[https://bitcointalk.org/index.php?topic=576337 List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses] (Feb 14)		<ref name="bitcointalklist-87">[https://bitcointalk.org/index.php?topic=576337 List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses] (Feb 15, 2020)</ref>

	[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 25)		<ref name="slowmisthacked-1160">[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 25, 2021)</ref></references>

Azoundria at 17:06, 29 January 2023

2023-01-29T17:06:44Z

← Older revision		Revision as of 11:06, 29 January 2023
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	Don't Include:		Don't Include:

	* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.		* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
	* Anything that wasn't reasonably knowable at the time of the event.		* Anything that wasn't reasonably knowable at the time of the event.
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	\|-		\|-
	\|July 1st, 2012 12:00:10 AM		\|July 1st, 2012 12:00:10 AM
	\|~~First~~ Event		\|Main Event
	\|~~This is an expanded~~ description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
	\|-
	\|
	\|
	\|
	\|-		\|-
	\|		\|
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	== Total Amount Lost ==		== Total Amount Lost ==
	$305 000 USD		The total amount lost has been estimated at $305,000 USD.

	How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?		How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

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	== Total Amount Recovered ==		== Total Amount Recovered ==
	~~$0 USD~~		There do not appear to have been any funds recovered in this case.

	What funds were recovered? What funds were reimbursed for those affected users?		What funds were recovered? What funds were reimbursed for those affected users?

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/anotherbitcoinicahotwallethack.php}} A generous thief returned the funds. More than 30% of the assets on the exchange had been stored in hot wallets. This exchange or platform is based in New Zealand, or the incident targeted people primarily in New Zealand. == About Bitcoinica == “On July 13, 2012, a thief compromised the Bitcoinica Mt. Gox account. The thief made off with around 30% of Bitco..."

2023-01-21T06:14:17Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/anotherbitcoinicahotwallethack.php}} A generous thief returned the funds. More than 30% of the assets on the exchange had been stored in hot wallets. This exchange or platform is based in New Zealand, or the incident targeted people primarily in New Zealand. == About Bitcoinica == “On July 13, 2012, a thief compromised the Bitcoinica Mt. Gox account. The thief made off with around 30% of Bitco..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/anotherbitcoinicahotwallethack.php}}

A generous thief returned the funds. More than 30% of the assets on the exchange had been stored in hot wallets.

This exchange or platform is based in New Zealand, or the incident targeted people primarily in New Zealand.

== About Bitcoinica ==
“On July 13, 2012, a thief compromised the Bitcoinica Mt. Gox account. The thief made off with around 30% of Bitcoinica's bitcoin assets, which are likely to cost claimants of Bitcoinica debt. Additionally, 40000 USD was also reported to be stolen. The thief is still unknown at this point, but the theft has supposedly been entirely returned. This theft further complicated the May 2012 Bitcoinica Hack.”

This exchange or platform is based in New Zealand, or the incident targeted people primarily in New Zealand.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:

* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Bitcoinica Another Hot Wallet Hack
!Date
!Event
!Description
|-
|July 1st, 2012 12:00:10 AM
|First Event
|This is an expanded description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|-
|
|
|
|}

== Total Amount Lost ==
$305 000 USD
How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
$0 USD
What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?

== Prevention Policies ==
This is a case where simply knowing who's holding the funds and storing them properly offline with multiple signatures would have avoided the issues.

== References ==
[https://news.bitcoin.com/bitcoin-exchange-thefts-forgotten/ The Bitcoin Exchange Thefts You May Have Forgotten | Featured Bitcoin News] (Jan 28)

[https://www.finextra.com/newsarticle/23973/users-sue-bitcoin-exchange-over-460k-in-missing-funds Users sue Bitcoin exchange over $460k in missing funds] (Feb 2)

[https://bitcointalk.org/index.php?topic=83794.msg923918#post_toc_27 <nowiki>List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses [Old]</nowiki>] (Jan 27)

[https://bitcoinmagazine.com/articles/bitcoinica_an_obituary-1336979566 Bitcoinica: An Obituary] (Feb 3)

[https://en.bitcoin.it/wiki/Bitcoinica Bitcoinica - Bitcoin Wiki] (Feb 3)

[https://bitcointalk.org/index.php?topic=576337 List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses] (Feb 14)

[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 25)