World Bitcoin Exchange - Revision history

Azoundria at 21:32, 13 September 2024

2024-09-13T21:32:29Z

Azoundria: 30 minutes. Tons of information and research from BitcoinTalk to fill in an initial timeline. Information about the incident was posted later in May, however the site went offline in March. Not certain about the timeline to use.

2024-04-01T20:09:54Z

30 minutes. Tons of information and research from BitcoinTalk to fill in an initial timeline. Information about the incident was posted later in May, however the site went offline in March. Not certain about the timeline to use.

@@ Line 5: / Line 5: @@
 This exchange or platform is based in Australia, or the incident targeted people primarily in Australia.<ref name="bitcointalklistold-20" />
 == About World Bitcoin Exchange ==
 “World Bitcoin Exchange, due to fraudulent activity, stole over 5000 BTC worth at the time in AUD. The total amount stolen was 25779.49 AUD.”
 This exchange or platform is based in Australia, or the incident targeted people primarily in Australia.
@@ Line 43: / Line 48: @@
 !Event
 !Description
 |-
 |May 1st, 2012 12:00:09 AM MDT
@@ Line 48: / Line 89: @@
 |Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
 |-
+|May 26th, 2012 1:23:27 PM MDT
+|Information On Amount Available
+|Information is published to report that roughly 26% of the bitcoin expected to be in the wallets is available to be repaid<ref name=":0" />.
 |}
 == Total Amount Lost ==
@@ Line 63: / Line 109: @@
 == 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 ==

Azoundria at 16:14, 12 April 2023

2023-04-12T16:14:08Z

← Older revision		Revision as of 10:14, 12 April 2023
Line 1:		Line 1:
	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/worldbitcoinexchange.php}}		{{Imported Case Study 2\|source=https://www.quadrigainitiative.com/casestudy/worldbitcoinexchange.php}}
	{{Unattributed ~~Citations~~}}		{{Unattributed Sources}}

	It would seem from the initial look that this was another case of hacking a hot wallet.		It would seem from the initial look that this was another case of hacking a hot wallet.

	This exchange or platform is based in Australia, or the incident targeted people primarily in Australia.		This exchange or platform is based in Australia, or the incident targeted people primarily in Australia.<ref name="bitcointalklistold-20" />
	<ref name="bitcointalklistold-20" />

	== About World Bitcoin Exchange ==		== About World Bitcoin Exchange ==
Line 45:		Line 44:
	!Description		!Description
	\|-		\|-
	\|May 1st, 2012 12:00:09 AM		\|May 1st, 2012 12:00:09 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.
Line 72:		Line 71:
	== 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="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></references>		<references><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></references>

Azoundria at 23:57, 18 February 2023

2023-02-18T23:57:04Z

← Older revision		Revision as of 17:57, 18 February 2023
Line 1:		Line 1:
	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/worldbitcoinexchange.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/worldbitcoinexchange.php}}
			{{Unattributed Citations}}

	It would seem from the initial look that this was another case of hacking a hot wallet.		It would seem from the initial look that this was another case of hacking a hot wallet.

	This exchange or platform is based in Australia, or the incident targeted people primarily in Australia.		This exchange or platform is based in Australia, or the incident targeted people primarily in Australia.
			<ref name="bitcointalklistold-20" />

	== About World Bitcoin Exchange ==		== About World Bitcoin Exchange ==
Line 75:		Line 77:

	== References ==		== References ==
	[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)		<references><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></references>

Azoundria at 17:03, 29 January 2023

2023-01-29T17:03:17Z

← Older revision		Revision as of 11:03, 29 January 2023
Line 23:		Line 23:

	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.
Line 45:		Line 44:
	\|-		\|-
	\|May 1st, 2012 12:00:09 AM		\|May 1st, 2012 12:00:09 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.
	\|-
	\|
	\|
	\|
	\|-		\|-
	\|		\|
Line 58:		Line 53:

	== Total Amount Lost ==		== Total Amount Lost ==
	$25 000 USD		The total amount lost has been estimated at $25,000 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?

Line 68:		Line 64:

	== 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/worldbitcoinexchange.php}} It would seem from the initial look that this was another case of hacking a hot wallet. This exchange or platform is based in Australia, or the incident targeted people primarily in Australia. == About World Bitcoin Exchange == “World Bitcoin Exchange, due to fraudulent activity, stole over 5000 BTC worth at the time in AUD. The total amount stolen was 25779.49 AUD..."

2023-01-20T19:07:19Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/worldbitcoinexchange.php}} It would seem from the initial look that this was another case of hacking a hot wallet. This exchange or platform is based in Australia, or the incident targeted people primarily in Australia. == About World Bitcoin Exchange == “World Bitcoin Exchange, due to fraudulent activity, stole over 5000 BTC worth at the time in AUD. The total amount stolen was 25779.49 AUD..."

New page

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

It would seem from the initial look that this was another case of hacking a hot wallet.

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

== About World Bitcoin Exchange ==
“World Bitcoin Exchange, due to fraudulent activity, stole over 5000 BTC worth at the time in AUD. The total amount stolen was 25779.49 AUD.”

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

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 - World Bitcoin Exchange
!Date
!Event
!Description
|-
|May 1st, 2012 12:00:09 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 ==
$25 000 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://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)