AllCrypt WordPress Exploit Theft: Difference between revisions

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(Another 30 minutes complete. Initial start of research to determine date and website URL and other information. Got lots of sources for further review. Basic timeline filled in.)
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{{Imported Case Study 2|source=https://www.quadrigainitiative.com/casestudy/allcrypt.php}}
{{Case Study Under Construction}}{{Unattributed Sources}}
{{Unattributed Sources}}


It’s always fascinating to hear about an essentially anonymous exchange operator who secured the exchange only with Wordpress, taunted hackers on Twitter, and then was rude to customers after the fact. Luckily, this exchange didn’t achieve any significant volume, which is not surprising. Had they invested in a simple multi-sig cold storage wallet, all could have been avoided.
It’s always fascinating to hear about an essentially anonymous exchange operator who secured the exchange only with Wordpress, taunted hackers on Twitter, and then was rude to customers after the fact. Luckily, this exchange didn’t achieve any significant volume, which is not surprising. Had they invested in a simple multi-sig cold storage wallet, all could have been avoided.
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The country for this case study is not yet known.<ref name="acunetix-203" /><ref name="ccn-204" /><ref name="googledoc-205" /><ref name="reddit-206" />
The country for this case study is not yet known.<ref name="acunetix-203" /><ref name="ccn-204" /><ref name="googledoc-205" /><ref name="reddit-206" />


== About AllCrypt ==
https://web.archive.org/web/20140916141422/https://twitter.com/All_Crypt/
“On March 18, 2015, AllCrypt, a small crypto currency exchange posted what may very well be one of their last posts on their blog. The Bitcoin exchange had been hacked, resulting in stolen crypto currency.” “42 BTC stolen by the hackers” “The stolen Bitcoins might not seem that much, but for a smaller alternative crypto currency exchange even such an amount is not small.” “Around 8PM on Sunday (all times EDT) our marketing director’s blog account requested a password reset. […] The MD saw this email come in, and forwarded it to myself, and another team member (a technical lead/temporary assistant support staff), letting us know what happened and that he did not request the password reset. I did not see the email at the time, as I was out, and it was not a huge red flag that would require a phone call. Once I returned home later, I saw the email, and logged into the server to double-check on things. That’s when I discovered the breach.” “The blog post goes on to describe how the attacker managed to upload PHP files to the WordPress site, install Adminer (a web based database management utility similar to PHPMyAdmin) and then create fake crypto currency balances in the system. From there, using a fake account, the attacker could then trade crypto currency and transfer earnings to a Bitcoin wallet owned and controlled by the attacker.” “The owner, who appears to be anonymous according to WHOIS information, claims that the site cost him a total of $15,000, and further that they only netted roughly 10 BTC in profits after thirteen months of operation.” “Between hardware and operating costs, I am personally down over $15,000. Believe me – I feel your pain as well. No one on the site had as much on the servers as I personally did. Not that I expect pity or compassion, but I think it’s important to know that I’m not retiring to a private island because of this. I also think it’s important to be as open as possible to assuage any fears of an inside job.” In response to a customer after the hack - “I see you running an exchange successfully, I’ll take your advice. Wait, you don’t run an exchange? You’re unemployed? Thanks for the input.” “Ironically AllCrypt tweeted “Too small and insignificant to be a target of the hacks this week. Your coins are safe here because no one cares to hack us” on 2/16/2015 (twitter: All_Crypt/status/567551838719705091)”
 
https://web.archive.org/web/20150322174606/https://twitter.com/All_Crypt/
 
https://web.archive.org/web/20150324203912/https://twitter.com/All_Crypt/
 
https://web.archive.org/web/20150324204356/https://twitter.com/All_Crypt/
 
https://web.archive.org/web/20150324204358/https://twitter.com/All_Crypt/
 
https://web.archive.org/web/20150324210329/https://twitter.com/All_Crypt/
 
https://web.archive.org/web/20150514221118/https://twitter.com/All_Crypt/
 
https://web.archive.org/web/20150324205249/https://twitter.com/All_Crypt/status/567551838719705091


The country for this case study is not yet known.
https://web.archive.org/web/20150324213113/http://qntra.net/2015/03/amid-decision-to-close-allcrypt-com-reports-hot-wallet-theft/


The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.
https://web.archive.org/web/20150324205250/https://twitter.com/All_Crypt/status/567551838719705091


Include:


* Known history of when and how the service was started.
<ref>[https://web.archive.org/web/20150324204905/https://www.allcrypt.com/blog/2015/03/what-happened-and-whats-going-on/ What happened, and what’s going on - AllCrypto Blog Archive March 24th, 2015 2:49:05 PM MDT] (Accessed Feb 28, 2024)</ref>
* 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:
== About AllCrypt ==
* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
“Ironically AllCrypt tweeted “Too small and insignificant to be a target of the hacks this week. Your coins are safe here because no one cares to hack us” on 2/16/2015 (twitter: All_Crypt/status/567551838719705091)”
* 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 ==
== The Reality ==
Line 37: Line 40:


== What Happened ==
== 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.
The AllCrypt platform was hacked.
{| class="wikitable"
{| class="wikitable"
|+Key Event Timeline - Allcrypt
|+Key Event Timeline - Allcrypt
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!Description
!Description
|-
|-
|March 1st, 2015 12:00:41 AM MST
|?
|Main Event
|Too Small Tweet
|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
|AllCrypt complains to the world that they are too small so no one cares enough to hack them.
|-
|March 15th, 2015
|WordPress Exploit
|A thief manages to get into the AllCrypt Wordpress administration using a marketing director login credential.
|-
|-
|
|March 18th, 2015
|
|Post On Front Of Site
|
|Post is made on the front of the website.
|}
|}
== Technical Details ==
“Around 8PM on Sunday (all times EDT) our marketing director’s blog account requested a password reset. […] The MD saw this email come in, and forwarded it to myself, and another team member (a technical lead/temporary assistant support staff), letting us know what happened and that he did not request the password reset. I did not see the email at the time, as I was out, and it was not a huge red flag that would require a phone call. Once I returned home later, I saw the email, and logged into the server to double-check on things. That’s when I discovered the breach.” “The blog post goes on to describe how the attacker managed to upload PHP files to the WordPress site, install Adminer (a web based database management utility similar to PHPMyAdmin) and then create fake crypto currency balances in the system. From there, using a fake account, the attacker could then trade crypto currency and transfer earnings to a Bitcoin wallet owned and controlled by the attacker.”


== Total Amount Lost ==
== Total Amount Lost ==
Line 60: Line 70:
== Immediate Reactions ==
== 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?
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?
“On March 18, 2015, AllCrypt, a small crypto currency exchange posted what may very well be one of their last posts on their blog. The Bitcoin exchange had been hacked, resulting in stolen crypto currency.” “42 BTC stolen by the hackers” “The stolen Bitcoins might not seem that much, but for a smaller alternative crypto currency exchange even such an amount is not small.”
“The owner, who appears to be anonymous according to WHOIS information, claims that the site cost him a total of $15,000, and further that they only netted roughly 10 BTC in profits after thirteen months of operation.”
“Between hardware and operating costs, I am personally down over $15,000. Believe me – I feel your pain as well. No one on the site had as much on the servers as I personally did. Not that I expect pity or compassion, but I think it’s important to know that I’m not retiring to a private island because of this. I also think it’s important to be as open as possible to assuage any fears of an inside job.”
In response to a customer after the hack - “I see you running an exchange successfully, I’ll take your advice. Wait, you don’t run an exchange? You’re unemployed? Thanks for the input.”


== Ultimate Outcome ==
== Ultimate Outcome ==

Revision as of 17:50, 28 February 2024

Notice: This page is a new case study and some aspects have not been fully researched. Some sections may be incomplete or reflect inaccuracies present in initial sources. Please check the References at the bottom for further information and perform your own additional assessment. Please feel free to contribute by adding any missing information or sources you come across. If you are new here, please read General Tutorial on Wikis or Anatomy of a Case Study for help getting started.

Notice: This page contains sources which are not attributed to any text. The unattributed sources follow the initial description. Please assist by visiting each source, reviewing the content, and placing that reference next to any text it can be used to support. Feel free to add any information that you come across which isn't present already. Sources which don't contain any relevant information can be removed. Broken links can be replaced with versions from the Internet Archive. See General Tutorial on Wikis, Anatomy of a Case Study, and/or Citing Your Sources Guide for additional information. Thanks for your help!

It’s always fascinating to hear about an essentially anonymous exchange operator who secured the exchange only with Wordpress, taunted hackers on Twitter, and then was rude to customers after the fact. Luckily, this exchange didn’t achieve any significant volume, which is not surprising. Had they invested in a simple multi-sig cold storage wallet, all could have been avoided.

The country for this case study is not yet known.[1][2][3][4]

https://web.archive.org/web/20140916141422/https://twitter.com/All_Crypt/

https://web.archive.org/web/20150322174606/https://twitter.com/All_Crypt/

https://web.archive.org/web/20150324203912/https://twitter.com/All_Crypt/

https://web.archive.org/web/20150324204356/https://twitter.com/All_Crypt/

https://web.archive.org/web/20150324204358/https://twitter.com/All_Crypt/

https://web.archive.org/web/20150324210329/https://twitter.com/All_Crypt/

https://web.archive.org/web/20150514221118/https://twitter.com/All_Crypt/

https://web.archive.org/web/20150324205249/https://twitter.com/All_Crypt/status/567551838719705091

https://web.archive.org/web/20150324213113/http://qntra.net/2015/03/amid-decision-to-close-allcrypt-com-reports-hot-wallet-theft/

https://web.archive.org/web/20150324205250/https://twitter.com/All_Crypt/status/567551838719705091


[5]

About AllCrypt

“Ironically AllCrypt tweeted “Too small and insignificant to be a target of the hacks this week. Your coins are safe here because no one cares to hack us” on 2/16/2015 (twitter: All_Crypt/status/567551838719705091)”

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 AllCrypt platform was hacked.

Key Event Timeline - Allcrypt
Date Event Description
? Too Small Tweet AllCrypt complains to the world that they are too small so no one cares enough to hack them.
March 15th, 2015 WordPress Exploit A thief manages to get into the AllCrypt Wordpress administration using a marketing director login credential.
March 18th, 2015 Post On Front Of Site Post is made on the front of the website.

Technical Details

“Around 8PM on Sunday (all times EDT) our marketing director’s blog account requested a password reset. […] The MD saw this email come in, and forwarded it to myself, and another team member (a technical lead/temporary assistant support staff), letting us know what happened and that he did not request the password reset. I did not see the email at the time, as I was out, and it was not a huge red flag that would require a phone call. Once I returned home later, I saw the email, and logged into the server to double-check on things. That’s when I discovered the breach.” “The blog post goes on to describe how the attacker managed to upload PHP files to the WordPress site, install Adminer (a web based database management utility similar to PHPMyAdmin) and then create fake crypto currency balances in the system. From there, using a fake account, the attacker could then trade crypto currency and transfer earnings to a Bitcoin wallet owned and controlled by the attacker.”

Total Amount Lost

The total amount lost has been estimated at $12,000 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?

“On March 18, 2015, AllCrypt, a small crypto currency exchange posted what may very well be one of their last posts on their blog. The Bitcoin exchange had been hacked, resulting in stolen crypto currency.” “42 BTC stolen by the hackers” “The stolen Bitcoins might not seem that much, but for a smaller alternative crypto currency exchange even such an amount is not small.”


“The owner, who appears to be anonymous according to WHOIS information, claims that the site cost him a total of $15,000, and further that they only netted roughly 10 BTC in profits after thirteen months of operation.”

“Between hardware and operating costs, I am personally down over $15,000. Believe me – I feel your pain as well. No one on the site had as much on the servers as I personally did. Not that I expect pity or compassion, but I think it’s important to know that I’m not retiring to a private island because of this. I also think it’s important to be as open as possible to assuage any fears of an inside job.”

In response to a customer after the hack - “I see you running an exchange successfully, I’ll take your advice. Wait, you don’t run an exchange? You’re unemployed? Thanks for the input.”

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

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?

Ongoing Developments

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

General Prevention Policies

Coming soon.

Individual Prevention Policies

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.

References