Mt.Gox’s Login Returns, Lets Users Check Bitcoin Balances ...

Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits

Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits
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BitcoinMarkets_test

Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits
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MtGox, former Bitcoin exchange, had an interesting way of handling user logins: credentials in a plaintext GET. What could possibly go wrong?

Before MtGox became a superpower in the realm of Bitcoin exchanges (and well before it abruptly declared bankruptcy after losing a vast sum of the digital currency to an alleged hacking attempt, which later landed the CEO in some hot water), there was a prototype of the website put up on the forum BitcoinTalk.
I believe this image explains how doomed it was from the beginning:
https://i.imgur.com/vlKihqr.jpg
submitted by DannyLee90 to programminghorror [link] [comments]

BTC-E login works on MtGox despite no account ever made on mtgox /r/Bitcoin

BTC-E login works on MtGox despite no account ever made on mtgox /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

MtGox enables the ability to login and check your BTC balance! (xpost from r/Bitcoin)

submitted by Red_Writing_Hood to mtgoxinsolvency [link] [comments]

I just called the MtGox call centre in Japan - they confirmed that the login has been put there by "legal" and they have not been hacked : [x-post r/Bitcoin]

I just called the MtGox call centre in Japan - they confirmed that the login has been put there by submitted by Redditcoin to mtgoxinsolvency [link] [comments]

Notice of Commencement of Filing Proofs of Rehabilitation Claim

(English follows Japanese)
関係人各位
2018年8月23日より、株式会社MTGOX(以下「MTGOX」といいます。)のウェブサイト(https://claims.mtgox.com/assets/index.html#/) において、MTGOXのユーザー(以下「ユーザー」といいます。)が、MTGOXの民事再生手続(東京地方裁判所平成29年(再)第35号。以下「本民事再生手続」といいます。)において、再生債権の届出等をオンライン上で行うことができるシステム(以下「本システム」といいます。)を公開しています。同時に、本システムを通じた再生債権の届出ができない再生債権者のために、オフラインの方法による再生債権の届出等の方法のご案内も開始しました。
同ウェブサイトをご確認いただき、債権届出期間内(2018年10月22日まで)に再生債権の届出を行うようお願いいたします。
本システム及びオフラインの方法による再生債権の届出方法を含めた、再生債権届出に関する一般的な説明及びFAQは、MTGOXのウェブサイト(https://www.mtgox.com/) に公開されておりますので、こちらも合わせてご確認ください。また、本民事再生手続の今後の進行等については、引き続きMTGOXのウェブサイト(https://www.mtgox.com/) で情報提供をする予定ですので、当該ウェブサイトをご確認ください。
なお、このメールアドレス([email protected]) は管財人からの送信専用であり、貴殿/貴社が本メールアドレス宛の返信等をされても内容確認及び回答などの対応はできません。
最後に、本メールは、管財人がメールアドレスを認識する方でかつ再生債権を有する可能性のある方に対し、情報提供のためにお送りしているものです。このメールを受信したことで、再生債権者であることが当然に認められるものではありません。管財人は、このメールの送信により、何人に対してもいかなる法的責任も負うものではありません。
再生債務者株式会社MTGOX 管財人 弁護士小林信明
To whom it may concern:
We hereby announce that we made available, on August 23, 2018, an online rehabilitation claim filing system (the “System”) on MTGOX’s website (https://claims.mtgox.com/assets/index.html#/) that enables users (“Users”) of MTGOX Co., Ltd (“MTGOX”) to, among others, make online filings of their rehabilitation claims in relation to MTGOX’s rehabilitation proceedings (Tokyo District Court 2017 (sai) No. 35; the “Civil Rehabilitation Proceedings”). Also, we announce the commencement of, among others, accepting filing of proofs of rehabilitation claims by offline method to rehabilitation creditors who are unable to file proofs of rehabilitation claims through the System.
Please visit the website and file your rehabilitation claim by the end of the period for filing of rehabilitation claims (i.e., October 22, 2018).
General instructions and FAQs concerning proofs of rehabilitation claims, including the methods for filing proofs of claims through the System and by offline method, are available on the MTGOX website (https://www.mtgox.com/). Please refer to these as well. We plan to provide further information on the civil rehabilitation proceedings by posting it on MTGOX’s website (https://www.mtgox.com/). We kindly ask you to check the website.
This email address ([email protected]) is used only for the purpose of the Trustee sending messages, and we cannot check and respond to any replies to this email address.
Finally, this email is sent for the purpose of providing information to those whose email addresses are known to the Trustee and those who may have rehabilitation claims. Receipt of this email does not mean that you have been certified as a rehabilitation creditor. The Trustee owes no legal liability to anyone due to the transmission of this document.
Civil Rehabilitation Debtor: MtGox Co., Ltd. Trustee: Nobuaki Kobayashi, Attorney-at-law
submitted by MagicalTux to mtgoxinsolvency [link] [comments]

Introducing The Cryptocurrency Informer

Hey all,
We are trying something new. Full disclosure, I work for BitcoinTaxes, and I am the host of the new podcast I am here to talk about.
News happens in the world of cryptocurrency at a rapid pace. Every day something new and innovative is announced, that expands on existing technologies. The Cryptocurrency Informer is a weekly update series highlighting notable events happening in the crypto and crypto-adjacent spaces. Each episode provides a brief summary of these events, and an accompanying blog post provides sources for each story, so our listeners can dig deep on the things they want to know more about.
In the first episode of The Cryptocurrency Informer, we discuss the effects of the COVID-19 outbreak on tax deadlines and federally backed cryptocurrencies. Binance has released it’s new “Binance Card”, and Mt.Gox creditors may be getting closer to a payout.
Podcast Links:
Podcast Page
Direct Episode Link
Info Links:

IRS Moves Tax Deadline To July 15th

Notice 2020-18 – Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic
Filing and Payment Deadlines Questions and Answers

“Digital Dollar” and “Digital Dollar Wallet” Mentioned In Stimulus

Stimulus Draft
Forbes – Central Bank Currency on Ethereum
Technology Review – FedAccounts

Chinese Central Bank Digital Currency

Global Times Report

Binance Releases The Binance Card (Beta)

Binance Blog
Binance Card Registration Page

Mt. Gox Draft Rehabilitation Plan Released

*Creditor Portal Login (View Documents)
Coindesk Report
* Please use your best judgement when providing login information. The Creditor Portal Login link was provided via update on Mt. Gox's page. A PDF of this annoncement can be found here.
---
Hopefully you guys enjoy this kind of content. We'll still be releasing normal episodes of The BitcoinTaxes Podcast soon, but this will be an additional series that we release now as well.
submitted by Sal-BitcoinTax to bitcointaxes [link] [comments]

I've been in since May 2017, lessons learned, and some real talk.

I've only been in the crypto game since mid 2017. I remember back then when I was assessing the market, BTC was below $1k a few months earlier, LTC was around $4 that January and by the time I finally got in BTC had more than doubled to around $2,500 and LTC was $30. I thought ETH and XRP (and everything else) were just shitcoins because I didn't know shit and I just listened to the herd (Back then the argument was "Bitcoin is digital gold and LTC is digital silver and everything else is a scam.") Now, I'm pretty invested in several coins, because this market is anything but rational.
Screw off if you think otherwise. Try to think logically in this market, and you're going to get smacked in the face.
After exchanging my first fiat for crypto, in the next couple of months the market "crashed" and I was fearful. By crashed, I mean BTC went from $2,800 to $1,800. I just decided to let my cryptos ride. I pretended that money was gone, but I'd check prices every day for whatever damn reason.
I wasn't even putting that much in. Hell, I would spend more eating out and going to the bars every weekend with friends or work colleagues than I was dropping into BTC. It was pretty common that I'd drop $100 a night on sushi, beers, and Sake Bombs. But, when money you could get back loses value, it makes you feel dumb for putting money in. Logic is out the window when I can't get that $100 back from my sushi and drink purchases, but my crypto dropped 30% that week, so I was dumb for investing in crypto but not for my $500+ per month on eating out and drinking with friends.
Several weeks later, I was back to even on my crypto investments. Well shit, that was fast. Then I was suddenly up 25%. "Fuck it, I'm just putting money in. I'm not missing out."
By the the winter of 2017, I was up over 10x with my crypto speculation. My initial LTC went from $30 to over $350; my BTC went from $2,500 to $20,000. I also just threw $300-$1,000 here and there on random sub-200 market cap coins only to see them 6x in a few weeks.
I remember thinking how stupid I was for not buying during that dip down to $1,800, but how good of an investor I was because my gains. What a fucking dope I was.
I was sitting there looking at my account on December 10th, 2017. I was about to sell because I could have paid off my car and 50% of my student loans. I wasn't even using my car because I was in another country traveling.
"Nah, I can't sell. This is just the beginning; let's wait until I can pay off all my student loans" my delusional self said.
I never cashed out. I remember sitting there with a dude who had his GDAX account open after BTC "crashed" from $20k to $13k two weeks later. We just got back from surfing.
He was still sitting at $250,000 in his account and was nervous as shit. "What should I do?" he asked rhetorically. Then immediately answered himself, "It will rebound," he said, "it always does." This guy had been through the MTGOX hack and gave me plenty of advice while we surfed.
And I listened as if he was prophetic.
What a fucking dope I was.
When hopium is in the air, we all get irrational.
I still wonder about that guy and his cryptos. He went north back home for the Christmas holiday, while I headed south for more traveling, and I've never seen him again.
February 2018 was both euphoric and scary as shit. "Holy shit! BTC is under $10k I never thought it would be down here again. But it could keep dropping. But it was just $20k a month ago."
I was skeptical that it wouldn't keep dropping so I waited. Then, I didn't want to miss out. BTC was making a run from $6,500 up to testing $10k. "If it breaks $10k, I'm getting back in."
A short time later, it did break $10k, only to be hit a wall at $12k, then again...then, the inevitable crash to $6,200 happened where it fluctuated in August - November of 2018 up until, what, November 10th-ish when BCH shitfork shat out and then BTC-Shit-Vision and BTC-LMNOP started paying miners to mine their forked fork of BTC and everyone shat themselves as the market tanked yet again.
That was it for me. That was the day I stopped caring. I remember thinking how stupid I was to invest so much time in this.
You can't predict this shit.
I didn't regret investing in crypto, I regret all the time spent looking at my portfolio, trying to time the market, pretending I was some guru in my head because I threw $300 at POE when it was less than a penny and weeks later it was selling for $0.21 and could buy another trip to whatever country I wanted.
Sure, you can use TA to see what support or resistance is there, but it's still a 50-50 chance whether Fake Satoshi is going to spoof trade or some rando is going to drop three 7,000 BTC market buys to break through resistance.
So, what did I learn through this whole experience?
Other than what I've already stated (You have no way to predict whether it's breaking through resistance or crashing through support).
I just remember the main thing that has persisted this last two years. "I wish I could go back in time to when BTC was around $3,000 and LTC was $30."
When BTC dropped below, $4k that was heaven. I never thought it would get back to when I was buying when I first got into the market in 2017.
So, I bought, and I bought hard.
This time around, I have strong buy strategies and sell strategies.
They are set; no question.
For me, I'm not selling until two weeks before the LTC halving in August.
Even then, I'm only selling my LTC for BTC. Then I'll sell 25% of my BTC for fiat 2 weeks before the BTC halving in 2020.
I will never have less than my preferred number of BTC's, ETH's, LTC's and a few others.
Don't follow my advice here, I'm just saying I know what I want and what my strategy is.
You need to have a strategy to buy and strategy to sell. Be reasonable. I previously had a "strategy." It was once I could pay off my student loans with all of my crypto gains minus taxes, I would sell. Yeah, well, looking back if I would have just sold when could pay off my car and 50% of my student loans, I would have been able to invest even more when BTC was down in $3,xxx range and LTC was $22-$35, etc from December 2018 through March 2019.
DCAing is the way to go. No question. You don't need to do TA, you don't need to check your portfolio, you don't need to do shit but either 1) setup an automatic buy order with your exchange or 2) login and buy whatever you want.
You have your buy strategy (DCA at x interval) and you have your sell strategy.
Figure it out. Don't pretend you're gonna time the market. Don't pretend you're some guru.
Those people, like me, learn the hard way.
No TA, no waiting for google searches of BTC to increase, no waiting for BAKKT, no waiting for Faktoshi to shut the fuck up.
Before November 2018, I would only throw money when BTC was on a run. "Oh, we're finally on the way up. It's time to buy!" Like when it went from $2,800 up to $6,200 in the summer 2017, then from $10k to $20k in late 2017. Or when it went from $6,200 back up to $10,000 then to $11,900 in February of 2018.
I would think I could time the market. What a pathetic loser, right?
Some people grow up in this market like the cable version of themselves only to transition to the directv version. Listen to us dopes that have been there and done that.
Learn from our mistakes, but also don't think that we have all the damn answers.
Anyone that comes in here acting like the 2nd coming of Craig Wright's dumpster twin, you can be rest assured they are as delusional as Justin Sun. The problem is, even if they are delusional, this market is anything but rational, so they might just be proven right enough for you to think you should follow their advice.
This shit is crazy. Stop acting like you've got it figured out.
Nobody does, but it feels good to have confidence in this random speculation, right?
I'm here to tell you this. My life has drastically improved since November 2018 when I started viewing Crypto investments like a bill. Every two weeks, I would send money from my paycheck to my exchange. Then, I'd buy a certain amount every single week after it had cleared.
That money, is all but "gone." It was a "bill" I paid.
When the market is going down, I send more fiat and I buy more crypto. When it is rising, I still buy, but not as much; I pull back. You may say I'm trying to catch a falling knife. I just learned that the way I was investing before was bad practice. I'd rather people think I'm trying to catch a falling knife than to feel that FOMO and only buy when the market is up.
Right now for example, I'm not buying this week. Not because I think I know what hell is going to happen, but because it's my strategy to not chase a run, and to spend more when it drops.
I'll wait until next weekend and see what the market is doing.
What happens in between now and next weekend, I don't give a shit.
Could I miss out on another run? Sure, but I don't give a shit. Maybe it's because I'm 2 years in and I've seen this shit before, or maybe it's because I've been buying BTC when it was around $3,000 both in 2017 and just about a month ago, so I feel fortunate to have gotten another chance at BTC at $3,xxx.
I also learned my lesson that fakeouts happen. I've been burned enough to not give a shit about being BTC going from $3500 to $5,200 in the last, what, 5 weeks?
Been here, done it, don't give a shit.
I don't know if this helps anyone, but seeing the last two years of this shit, I don't care about some random 30% pump. I also don't care that BCH is up 86%, or ADA is up whatever it is. I'm not into them, but if you made gains, I'm happy for you.
I'm serious too.
Maybe you're new to this game, or maybe you've only been in since $20k. If so, you're still here, and there are plenty others like you. I'm not a BTC maximalist, I don't think LTC is the truth, I don't think only ETH is the dApp platform.
I don't know shit. I'm just some speculator that is speculating on some of this sit.
There are also plenty of people that were like me in 2017 that are waiting in the wings, only to buy when the market is on the rise. There are plenty more that buy when it's rising then set stop losses that whales will fish for only to wreck the market in a day then to see a bounce back even stronger while those people FOMO back in.
Also, the turd version of satoshi could start shitting in public this week and the media could write about how Satoshi is literally shitting on a physical Bitcoin as we speak and some shitcoin creator then posts a Twitter video that goes viral about how the hashrate and energy consumption of the satoshi shit-pile is not sustainable and then some whale market sells down to below the new TA shit-support level of $4,400 and then all the dopes with stop losses in that range get shit fucked only to see a spoof limit order set at $4,400 of 10,000 BTC and everyone's dick shrinks into their stomach as they hurry to Tether as BTC drops back down to $3,500 before whale #2 shit fucks your emotions with a $1,500 green dildo in a 15 minute span sees the "sell wall" disappear which starts the next FOMO run on up to $6,200 a few weeks later while TAers say "We broke out on great volume" then other TAers agree and the self-fulling prophecy starts another run only to get hit with more whale fuckers.
You can't predict this shit. Give it up.
Market goes up, market goes down, can't explain that.
With the LTC halving in August, the BTC halving in May 2020, I think we are about to get into the 2017 euphoria again though. We are getting closeTM to the point you could just thrown money at any coin and get 10x your investment.
What does "close" mean? I have no idea. Eff anyone that thinks they know. Someone could predict it is this week, next month, or after this current fakeout bull run, or in December, or next Spring, and someone will be right.
The only advice I have is to do your best to not get emotional about your money or crypto. It's going to do the exact opposite of what you think it will. Even when you try to do the opposite, crypto will shit-fuck you in your sleep.
If you believe that the sentiment is changing, and let's be real, we are in speculation phase and this is all based on hopium and belief, then DCA at certain intervals.
This isn't some cult. It's all based on sentiment. If you think people are starting to get interested, then that is a sign speculation is about to be in our favor.
If you are putting money in that needs to be rent money, do yourself a favor and just walk into a casino and put it all on red. If you win, then put your winnings in crypto. If you lose, I saved you the anguish of checking your portfolio every hour only wish you would have done the opposite of what you did.
You're welcome...
Or, do the opposite. Check the market every hour for the next 12 months only to look back and realize that you kept buying on the way up, got scared and sold on the way down, and then FUD yourself in your sleep because of your stop loss sells were triggered while whales were fishing for fear.
So, there are all of my shit thoughts. What are yours?
What are your strategies?
There are plenty of people that have been in longer than me, what are your strategies?
Are we heading for a the next bull run? Is the bottom in? Do we still have a massive, short-lived capitulation event coming?
Let's chat.
TL;DR: You can't predict this shit, just DCA, live your life, get a buy strategy, choose a sell point, make this shit as simple as possible. If you try to complicate things by predicting the next run, the next drop, the next consolidation, then you're probably going to be wrong like 99% of people. And don't be that guy that ends up $250,000 in your account in the next bull run only to see it drop down $67,000 literally a week later.
submitted by KnownCoder to CryptoCurrency [link] [comments]

Public Service Announcement: Turn on MtGox Double Authentication with Google Authenticator

I've seen a few posts lately of guys whose MtGox account was hacked and their bitcoins stolen. In these cases, there is NOTHING MtGox can do for you, the bitcoins are gone.
If you secure your account with Google Authenticator, you can set MtGox to only accept withdrawals if the authenticator code on your smart phone is entered. This means people will only be able to steal your bitcoins if they also steal your smartphone.
Here is the step-by-step for dummies:
  1. MtGox -> Security Center -> Software Authenticators -> Add New -> you will see a bar code
  2. On your Smart Phone, download Google Authenticator if you don't have it yet (there is an Android and iOS version)
  3. In Google Authenticator -> hit "+" to add a new authenticator -> "Scan Barcode" -> Scan MtGox's bar code
  4. Back up either the bar code or the private key for the case you lose your smart phone.
  5. Enter the MtGox number you see in your smart phone into the field in your browser
  6. Drag this authenticator into Withdrawal AND "Security Center" (or even Login if you want to)
Done!
EDIT
reimeuk just pointed out that if an attacker can log in, they can remove the withdrawal authenticator without having to enter it again. I tested this and it's true. So, I've changed this to recommend setting it up for Login as well! It's not paranoid, it should be mandatory!
EDIT 2
Roujo pointed out you can also set the Authenticator for "Security Center" which makes it so the settings can't be changed without the Authenticator, so this makes it unnecessary to set it up for Login as well.
EDIT 3
Ender985 points out it might be a good step 3.5 to print the webpage with the QR and public an private keys, and/or save the webpage and store it somewhere: you might need to provide this information to unlink the authenticator in case of a lost or damaged smartphone.
EDIT 4
Added the backup step as a full step 4. I wish you could turn Reddit posts into wikis, that would make all this much easier...
submitted by epaga to Bitcoin [link] [comments]

Help with Mt.Gox recovery

Hey guys, i need some help! i had a small amount of Bitcoin on MtGox., but on Jun 19, 2011. i got mail that their database is compromised (i will put mail in the end of the post).
Unfortunately, i lost password for that mail years ago, and i couldn't access it. Until yesterday, when i found an old piece of paper with password for that mail.
But i can not access in link that i got in mail.
Can somebody help me with this issue? Thank you in advance.
Mail from Mt.Gox:
"

[Mt.Gox] Account database compromised

Inboxx📷

MtGox [email protected] via w001.mo.us.xta.net

Jun 19, 2011, 11:21 PM📷📷to me📷Dear Mt.Gox user,
Our database has been compromised, including your email. We are working on a quick resolution and to begin with, your password has been disabled as a security measure (and you will need to reset it to login again on Mt.Gox).
If you were using the same password on Mt.Gox and other places (email, etc), you should change this password as soon as possible.
For more details, please see this:
https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback
The informations there will be updated as our investigation progresses.
Please accept our apologies for the troubles caused, and be certain we will do everything we can to keep the funds entrusted with us as secure as possible.
The leaked data includes the following:
- Account number - Account login - Email address - Encrypted password
While the password is encrypted, it is possible to bruteforce most passwords with time, and it is likely bad people are working on this right now.
Any unauthorized access done to any account you own (email, mtgox, etc) should be reported to the appropriate authorities in your country.
Thanks, The Mt.Gox team "
submitted by RupaNaSaksiji to Bitcoin [link] [comments]

Kevin Day (Guy who bought mass BTC @ $0.01) Makes Show Of Good Faith

submitted by darthnuri to Bitcoin [link] [comments]

Creditors Committee Wars

There’s a lot of confusion about whether there’s two different committee efforts and where they came from.
There has only ever been 1 committee effort. It’s now being tugged in two different directions. We were all working together until now.
The committee was always meant to be independent and free. It has to be independent and free or it couldn’t exist. It began in July with myself and another founder doing legal research, but didn’t get into full flow until the end of September.
Andy joined it at a late stage when we were 1-2 weeks from website release (18th October). We already had 3 members and an advisor at that point. He requested me to delay the website release for a month and for me to allow him to pretend he was the one behind the whole effort, on the pretext that Mark Karpeles might not give us the creditor email list if he knew I was behind it.
Then he started fundraising for $6,000 in fees for himself, from a fundraising message which gave the impression that an organised committee effort didn’t exist and that it may never happen unless money is paid to him to do it:
[...] Ahead, there's a lot of work to do bringing different groups and interests together. I think everyone is crying out for it to happen, but without something to crystallise around it won't, and this group has the most powerful authority to be that central figure because it's grown up from the earth. […]
When we pointed out that the fundraising request was misleading and asked him to change it, he refused and my login to the MtGox Legal site got suddenly revoked. The website still claimed to be non-profit while this money was being raised.
The Mtgox Legal forum was being made out to be some kind of pseudo-official committee forum, yet it was stuck behind a $100 paywall, with the money generated going into Andy’s pocket. I was the person doing the work and I didn’t even have access to the forum. I spent thousands of dollars and weeks of my free time to get it set up so it could be free for everyone, so then seeing it being used as a tool by someone to milk creditors was quite maddening. The forum is pretty much just a tool used to make the MtGox Legal users distrust any members of the committee who are not called Andy.
For a while we didn’t hear much more from Andy other than a group phone call he arranged for a week in advance. We were doing not a lot and it felt like we were being slowed down, while all the time creditors were being milked at MtGox Legal in the belief that the committee was being forged there. So I decided it was time to stop holding things back. I released the roadmap which said we open the website in 2 weeks. It had been prepared and majority-agreed a week earlier but was not yet released. Andy got annoyed and claimed I was working against him and said I had gone rogue. Lots of shitposting and personal attacks started to happen.
Yesterday the public committee forum was opened. I soon found out that it’s ok for Andy to run a committee forum on MtGox Legal (and charge $100 for entry, and block committee members from getting in). But the committee can’t have it’s own forum. He made it clear on the phone he didn’t want the creditors’ committee to have it’s own identity, forum or website, or it’s own independence.
He said he wanted to gather up all the creditors into the MtGox Legal lawsuit instead (despite that it was behind a $100 paywall). He wants to eventually take the paywall down and then use some kind of scheme to try to turn the lawsuit into a committee, or shoehorn a committee inside the lawsuit, or something like that. I explained that the committee is independent by legal necessity, and is not part of MtGox Legal, and that you can’t have a committee formed out of a lawsuit because it goes against the concept of independence and it makes no sense in the first place. More shitposting and personal attacks have been happening since then.
No independent committee
So now it has all come out and we know the whole thing with delays seems to have been about blocking an independent committee from ever forming, while preparing MtGox Legal to open its gates to suck in all the creditors of MtGox and sign them up to his pay scheme. He has the plan of charging everyone 2% of any bitcoin gains if they want to be a part of a committee, but giving the really large creditors a free ride to get them to sign up. The idea of everyone being charged 2% of $billions in order for creditors to give their support to a committee when in fact it should normally be free and more inclusive - it’s hard to comprehend why anyone would want to create such a system.
Committee choices
Really the choices we are arguing over is:
1) Independent committee: Independent and neutral committee gets formed, for free. MtGox Legal lawsuit can be given the committee’s backup. Also any other lawsuits can be given the committee’s backup. Committee is free to use any lawyers and make any motions themselves. Even if 50% isn’t achieved the committee still wields significant influence. This is how the system is supposed to work.
2) Andy committee: Independent committee does not get formed. Creditors pay 2% fees to join MtGox Legal lawsuit for no clear reason. Formal creditor committee is an impossibility. MtGox Legal lawyer already wields the power of its members, so forming a committee won’t make any difference. Creditors now stuck with one lawyer and no choice to try another lawyer or do things independently. And most importantly, no backup from a creditors committee because one doesn’t exist. This is not how it’s supposed to work.
In effect, the name “creditors committee” is being used as a marketing tool to sign people up to the lawsuit, but ironically by destroying any committee in the process. Good if your goal is to get people to pay large fees and you don’t care about the result of the bankruptcy. And perfect if you want to control everyone and you feel like your dominance is being threatened by a creditors committee.
When considering any legal action, the court also has to take into account that there are other interests outside of the action which must be serviced. This is where a creditors' committee comes into play. A creditors' committee can give its backing to any legal action which it believes is in the interests of the creditors as a whole. It works because they could convince the court that this is what the creditors OUTSIDE of the legal action also want. A committee formed within the legal action framework would have no more weight than the lawyer himself already has. Any committee must be seen as independent or its opinions would be given limited weight by the court and it could not hope to be formally appointed.
So a committee and a group legal action will work symbiotically and it's strongly in the interests of anyone involved in a legal action (if it benefits the creditors as a whole) to see a balanced and independent committee be formed and to take a part in it. Anyone involved in a legal action can be represented by a creditors' committee as well as their lawyer.
Nobody else involved in the committee has sanctioned Andy’s “MtGox Legal committee takeover” plan, he’s gone off on a tangent on this one and it’s causing a dangerous war between creditors which is threatening any chance of the committee happening.
Attacks and opinion control
I’ve had constant personal attacks on forums ever since engaging with Andy. Many are from a set of the same accounts on Reddit and they also attack like a pack of wolves anyone who doesn’t agree with his party line. There’s no room for debate on Reddit any more.
There’s been a long-term campaign of me being undermined and played as a troublemaker by Andy on MtGox Legal website, where he knows I can’t log in to defend myself. When he writes about me it is generally twisted in some way. One of his favourite comments goes something like “I don’t believe kolin’s legal basis for the committee is sound.” I believe these arguments are manufactured and being used as a pretense for splitting off to a MtGox Legal committee. In reality everything for me is open and I have no fixed policies yet (which is why the forum is open). Also I am one person in a group and Andy could override any of my policies by getting agreement from others, so that argument doesn’t make sense. By stoking these pretend tensions it’s simply a way to sow division and distrust, to ensure the users will back Andy in any of his choices.
This undermining effort happens to the whole team to a degree. We lost one of the most powerful and useful creditors in the bankruptcy because Andy was up to his mistrustful antics and the creditor said he could have no more to do with us and walked off.
I’d like to reach out to the MtGox Legal members and say that the independent committee exists for you as much as it does for anyone else and I hope you will join the forum and contribute. The choice is really between having:
The lawsuit plus an independent committee (which you are part of) able to support it
or
Just the lawsuit, but with Andy calling it a committee.
The forum is open on https://forum.mtgoxcreditorscommittee.org
submitted by bitkolin to mtgoxinsolvency [link] [comments]

Confused about this whole process....

As a wee lad in college back in 2013 I bought $50 worth of bitcoin from MtGox on an impulse by at the suggestion of a friend. I never bothered using it or keeping track of its value. Fast forward to now, and I'm aware of everything that's happened to MtGox and intend on filing a claim.

I would like to file a claim, but it's impossible for me to log back in to my account. Luckily I kept all my account names and passwords written down, but my original login didn't work. I clicked "can't remember password" and it had me make a new one. But it doesn't seem like it actually did much good, as it still doesn't actually allow me to access my account.

Anyone else in the same boat?
submitted by rowej182 to mtgoxinsolvency [link] [comments]

"For users who filed a proof of bankruptcy claim online", or not?

Guys,

I filled my claim a long time ago, via Kraken.com Exchange. I linked my MtGox account with my Kraken account (date 2015-04-25).

I guess that I need to re-claim my Bitcoins?! But, which options should I use from here:

https://claims.mtgox.com/assets/index.html#/

"For users who filed a proof of bankruptcy claim online" or

"For users who did not file a proof of bankruptcy claim online"

??

NOTE: I can login into mtgox.com and check my balance! But, not withdrawal option... hehe...

Cheers!
submitted by ThiagoCMC to mtgoxinsolvency [link] [comments]

Could log in to check balance. Couldn't log in the claim system. Couldn't reset password. Any idea?

Hi dear community. I know this is a late message. But I have a problem filing an online claim using the "system".
A little background: I filed the claim in 2016 and it was accepted. I could log in the system at least until half a year ago. (that was when I logged in the last time) And I am aware of that the password for checking balance and for logging in the "system" are two different ones.
My problem is, although I can log in to check my balance, but when I log in to the "claim system", after I click the log in button the first time, the page refreshes and stays on the log in screen. When I click it the second time (and afterwards), it says
You failed to log in. Possible reasons are as follows: The username, e-mail address or password that you entered is incorrect. The balance of your account with the MTGOX Bitcoin exchange is zero. Your username or IP address is blocked due to multiple login failures. You filed a proof of bankruptcy claim in the bankruptcy proceedings by mailing a proof of bankruptcy claim to the Office of the Bankruptcy Trustee. You have transferred or assigned your claim to a third party. The Rehabilitation Trustee has otherwise determined that you are not a User who is entitled to use the System. If you cannot login because of the third reason above, your access will be unblocked 24 hours later. Please try to log in again thereafter. 
When I try to reset the password using the link on "if you forgot your password", it says
Your entered username or e-mail address is incorrect. 
I have been trying this in the last 36 hours. Came across here by accident. Does anyone know what are the possible reasons why I can't log in to the claim system? How are the best bet to solve it and file a claim before the 22th for me?
Thanks for everyone's help!
submitted by Viking_Sail to mtgoxinsolvency [link] [comments]

Don't panic! Here is why everyone is getting Mt Gox login messages.

Mt. Gox declared that they would test their transaction malleability solution on Sunday. That's what's going on right now, and why everyone is receiving messages that someone logged into their account. It's part of fixing the issue that Gox has.
submitted by accountt1234 to Bitcoin [link] [comments]

Had I completed MTGOX Online Rehabilitation Claim ?

I had filled claim system ....and got mail .......MTGOX Claims System: Supplemental Claim Filing
Now , My username and password can't use to login rehabilitation claim by the Online Method ...
------
INFORMATION FOR IDENTIFICATION PURPOSES
Your identification will be verified through the information that you notified when filing your proof of bankruptcy claim as the information that you registered with the MTGOX Bitcoin exchange.
PRINT OUT THE DETAILS OF THE REHABILITATION CLAIM THAT YOU HAVE FILED

Creditor Number: Y8***

The filing of your proof of rehabilitation claim is completed. The information on your rehabilitation clam you have submitted may become necessary in the proceedings in the future.
Please be sure to print out this page and store it carefully. After clicking “LOGOUT” button, you will no longer be able to log in to the System, so please be sure to click “PRINT” button to print out this page.

Creditors who want to change their name/ corporation name and the name of the authorized representative and address or any other information filed with their proof of bankruptcy
claim will have to change their filed information by offline method.

---
I have 0.9 BTC in MTGox.........

submitted by jk19790729 to mtgoxinsolvency [link] [comments]

Has anyone have this problem? Problems with the claim.

I have a problem, I am not sure if I had succesfully signed 2 months ago my claim, I got with the feeling something was not completely done correctly, so now I'm trying to log in again to check my claim, but it is impossible.
I have the ordinary message of error:
You failed to log in. Possible reasons are as follows:
  1. The username, e-mail address or password that you entered is incorrect.
  2. The balance of your account with the MTGOX Bitcoin exchange is zero.
  3. Your username or IP address is blocked due to multiple login failures.
  4. You filed a proof of bankruptcy claim in the bankruptcy proceedings by mailing a proof of bankruptcy claim to the Office of the Bankruptcy Trustee.
  5. You have transferred or assigned your claim to a third party.
  6. The Rehabilitation Trustee has otherwise determined that you are not a User who is entitled to use the System.
If you cannot login because of the third reason above, your access will be unblocked 24 hours later. Please try to log in again thereafter.
So I don't know what to do. If I understand correctly the 4th reason doesn't apply if you filled the claim in that web online. I think two months ago the claims web after doing everything ordered me to change my password. I have the old and new password, but none of them works. I checked both in different days (waiting 24 hours). The older one works well in https://www.mtgox.com/balance to check the balance of my account.
Another thing that I don't understand is the possible 5th reason, I remember transferring years ago that older claim to my Kraken account, is that older claim relevant now?
Can anyone help me? I'm not sure what I have to do. Should I try to fill an offline claim instead? I have problems with the offline claim because I think when I opened my Mtgox account I filled incorrectly some of my data due to language issues (I saw my name in the claims of years ago with my first, middle and second name with mistakes, like seeing written twice my first name) so I'm not confident enough because I can't check if all the data is going to match.
Thank you in advance.
submitted by onekeyrecovery to mtgoxinsolvency [link] [comments]

The Gox announcement

"Tokyo, Japan, February 17th, 2014
Dear MtGox Customers,
We apologize for the inconvenience caused by the recent suspension of external bitcoin transfers. Fortunately, as we announced on Saturday we have now implemented a solution that should enable withdrawals and mitigate any issues caused by transaction malleability (please see our previous statements for details on this issue).
Thanks to our friends at Blockchain.info, MtGox now has a workaround that will use a unique identifier created by Blockchain to show whether transactions have been modified or not. This will prevent any fraudulent use of the malleability issue and protect the assets of our customers.
Resuming Withdrawals
With this new system in place, MtGox should be able to resume withdrawals soon. At the beginning we will do so at a moderated pace and with new daily/ monthly limits in place to prevent any problems with the new system and to take into account current market conditions.
In order to launch the new system, we are going through the following steps:
We will update everyone again by Thursday at the latest.
Additionally, you may have noticed that we have added a new login system that sends you an email when you successfully access your account. This is an additional security layer, but as always we strongly encourage our customers to use the 2-step authorization options available in our Security Center.
Thank you again for your support, and we look forward to resume bitcoin withdrawals as quickly as possible.
Best regards,
MtGox Team"
edit: formatting
submitted by SiriusCH to BitcoinMarkets [link] [comments]

Blockchain Wallets

Hello! My name is Inna Halahuz, I am a sales manager at Platinum, the largest listing service provider for the STO and ICO projects. We know all about the best and most useful STO and ICO marketing services.
By the way, we developed the best blockchain platform:
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We also created the UBAI, the unique educational project with the best and most useful online courses. We not only share our knowledge but also help the best graduates to find a job! After finishing our courses you will know all about crypto securities, ICO and STO advertizing and best blockchain platforms.
What a Blockchain Wallet is? What is its purpose?
Find the answer after reading this article.
Public/Private Key
The public key is the digital code you give to someone that wants to transfer ownership of a unit of cryptocurrency to you; and a private key is what you need to be able to unlock your own wallet to transfer a unit of a cryptocurrency to someone else. The encoding of information within a wallet is done by the private and public keys. That is the main component of the encryption that maintains the security of the wallet. Both keys function in simultaneous encryption systems called symmetric and asymmetric encryption. The former, alternatively known as private key encryption, makes use of the same key for encryption and decryption. The latter, asymmetric encryption, utilizes two keys, the public and private key, wherein a message-sender encrypts the message with the public key, and the recipient decodes it with their private key. The public key uses asymmetric algorithms that convert messages into an unreadable format. A person who possesses a public key can encrypt the message for a specific receiver.
Accessing wallets
Methods of wallet access vary depending on the type of wallet being used. Various types of currency wallets on an exchange will normally be accessed via the exchange’s entrance portal, normally involving a combination of a username/password and optionally, 2FA (Two factor authentication, which we explain in more detail later). Whereas hardware wallets need to be connected to an internet enabled device, and then have a pin code entered manually by the user in possession of the hardware wallet in order for access to be gained. Phone wallets are accessed through the device on which the wallet application has been downloaded. Ordinarily, a passcode and/or security pattern must be entered before entry is granted, in addition to 2FA for withdrawals.
Satoshi Nakamoto built the Satoshi client which evolved into Bitcoin in 2009. This software allowed users to create wallets and send money to other addresses. However, it proved to be a nightmarish user experience, with many transactions being sent to incorrect addresses and private keys being lost. The MtGox (Magic the Gathering Online exchange, named after the original intended use of the exchange) incident, which will be covered in greater detail later, serves as a reminder of the dangers present in the cryptosphere regarding security, and the need to constantly upgrade your defenses against all potential hacks. The resulting loss of 850k BTC is a still unresolved problem, weighing heavily on the victims and the markets at large. This caused a huge push for a constantly evolving and improving focus on security. Exchanges that developed later, and are thus considered more legitimate and secure, such as Gemini and Coinbase, put a much greater emphasis on vigilance as a direct result of the MtGox hacking incident. We also saw the evolution of wallet security into the physical realm with the creation of hardware wallets, most notable among them the Ledger and Trezor wallets.
Types of Wallets & Storage Methods
The simplest way to sift through the dozens of cryptocurrency storage methods available today, is to divide them up into digital and non-digital, software and hardware wallets. There are also less commonly used methods of storage of private keys, like paper wallets and brain wallets. We will examine them all at least briefly, because in the course of your interaction with cryptocurrencies and Blockchain technology, it is essential to master all the different types of hardware and software wallets. Another distinction must be made between hot wallets and cold wallets. A hot wallet is one that is connected to the internet, and a cold wallet is one that is not. Fun fact: The level below cold storage, deep cold storage has just recently been implemented by the Regal RA DMCC, a subsidiary of an internationally renowned gold trading company licensed in the Middle East. After having been granted a crypto trading license, Regal RA launched their “deep cold” storage solution for traders and investors, which offers the ability to store crypto assets in vaults deep below the Almas Tower in Dubai. This storage method is so secure that at no point is the vault connected to a network or the internet; meaning the owners of the assets can be sure that the private keys are known only to the rightful owners.
Lets take a quick look at specific features and functionality of varieties of crypto wallets. Software wallets: wallet applications installed on a laptop, desktop, phone or tablet. Web Wallets: A hot wallet by definition. Web Wallets are accessible through the web browser on your phone or computer. The most important feature to recognize about any kind of web wallet, is that the private keys are held and managed by a trusted third party. MyEtherWallet is the most commonly used non-exchange web wallet, but it can only be used to store Ethereum and ERC-20 tokens.
Though the avenue of access to MEW is through the web, it is not strictly speaking a web wallet, though this label will suffice for the time being. The MEW site gives you the ability to create a new wallet so you can store your ETH yourself. All the data is created and stored on your CPU rather than their servers. This makes MEW a hybrid kind of web wallet and desktop wallet. Exchange Wallets: A form of Web Wallet contained within an exchange. An exchange will hold a wallet for each individual variety of cryptocurrency you hold on that exchange. Desktop Wallets: A software program downloaded onto your computer or tablet hard drive that usually holds only one kind of cryptocurrency. The Nano Wallet (Formerly Raiwallet) and Neon wallet for storage of NEO and NEP-5 tokens are notable examples of desktop wallets Phone Wallets: These are apps downloaded onto a mobile phone that function in the same manner as a desktop wallet, but actually can hold many different kinds of cryptocurrency. The Eidoo Wallet for storing Ethereum and its associated tokens and Blockchain Wallet which currently is configured to hold BTC, ETH and Bitcoin Cash, are some of the most widely used examples.
Hardware wallets — LedgeTrezoAlternatives
Hardware wallets are basically physical pathways and keys to the unique location of your crypto assets on the Blockchain. These are thought to be more secure than any variety of web wallet because the private key is stored within your own hard wallet, an actual physical device. This forcibly removes the risk your online wallet, or your exchange counter party, might be hacked in the same manner as MtGox. In hardware wallet transactions, the wallet’s API creates the transaction when a user requests a payment. An API is a set of functions that facilitates the creation of applications that interact and access features or data of an operating system. The hardware then signs the transaction, and produces a public key, which is given to the network. This means the signing keys never leave the hardware wallet. The user must both enter a personal identification number and physically press buttons on the hardware wallet in order to gain access to their Blockchain wallet address through this method, and do the same to initiate transfers.
Paper Wallets
Possibly the safest form of cryptocurrency storage in terms of avoiding hacking, Paper Wallets are an offline form of crypto storage that is free to set up, and probably the most secure way for users, from beginners to experts, to hold on to their crypto assets. To say it simply, paper wallets are an offline cold storage method of storing cryptocurrency. This includes actually printing out your public and private keys on a piece of paper, which you then store and save in a secure place. The keys are printed in the form of QR codes which you can scan in the future for all your transactions. The reason why it is so safe is that it gives complete control to you, the user. You do not need to worry about the security or condition of a piece of hardware, nor do you have to worry about hackers on the net, or any other piece of malware. You just need to take care of one piece of paper!
Real World Historical Examples of Different Wallet Types
Web Wallet: Blockchain.info Brief mechanism & Security Blockchain.info is both a cryptocurrency wallet, supporting Bitcoin, Ethereum and Bitcoin cash, and also a block explorer service. The wallet service provided by blockchain.info has both a Web Wallet, and mobile phone application wallet, both of which involve signing up with an email address, and both have downloadable private keys. Two Factor Authentication is enabled for transfers from the web and mobile wallets, as well as email confirmation (as with most withdrawals from exchanges). Phone Wallet: Eidoo The Eidoo wallet is a multi-currency mobile phone app wallet for storage of Ethereum and ERC-20 tokens. The security level is the standard phone wallet level of email registration, confirmation, password login, and 2 factor authentication used in all transfers out. You may find small volumes of different varieties of cryptocurrencies randomly turning up in your Eidoo wallet address. Certain projects have deals with individual wallets to allow for “airdrops” to take place of a particular token into the wallet, without the consent of the wallet holder. There is no need to be alarmed, and the security of the wallet is not in any way compromised by these airdrops.
Neon Wallet
The NEON wallet sets the standard for web wallets in terms of security and user-friendly functionality. This wallet is only designed for storing NEO, Gas, and NEP-5 tokens (Ontology, Deep Brain Chain, RPX etc.). As with all single-currency wallets, be forewarned, if you send the wrong cryptocurrency type to a wallet for which it is not designed, you will probably lose your tokens or coins. MyEtherWallet My Ether Wallet, often referred to as MEW, is the most widely used and highly regarded wallet for Ethereum and its related ERC-20 tokens. You can access your MEW account with a hardware wallet, or a different program. Or you can also get access by typing or copying in your private key. However, you should understand this method is the least safe way possible,and therefore is the most likely to result in a hack. Hardware: TrezoLedger Brief History Mechanism and Security A hardware wallet is a physical key to your on-chain wallet location, with the private keys contained within a secure sector of the device. Your private key never leaves your hardware wallet. This is one of the safest possible methods of access to your crypto assets. Many people feel like the hardware wallet strikes the right balance between security, peace of mind, and convenience. Paper Wallet Paper wallets can be generated at various websites, such as https://bitcoinpaperwallet.com/ and https://walletgenerator.net/. They enable wallet holders to store their private keys totally offline, in as secure a manner as is possible.
Real World Example — Poor Practices
MtGox Hack history effects and security considerations MtGox was the largest cryptocurrency exchange in the world before it was hacked in 2014. They were handling over 70% of BTC transactions before they were forced to liquidate their business. The biggest theft of cryptocurrency in history began when the private keys for the hot wallets were stolen in 2011 from a wallet.dat file, possibly by hacking, possibly by a rogue employee. Over the course of the next 3 years the hot wallets were emptied of approximately 650000 BTC. The hacker only needed wallet.dat file to access and make transfers from the hot wallet, as wallet encryption was only in operation from the time of the Bitcoin 0.4.0 release on Sept 23rd 2011. Even as the wallets were being emptied, the employees at Mt Gox were apparently oblivious to what was taking place. It seems that Mt Gox workers were interpreting these withdrawals as large transfers being made to more secure wallets. The former CEO of the exchange, Mark Karpeles, is currently on trial for embezzlement and faces up to 5 years in prison if found guilty. The Mt Gox hack precipitated the acceleration of security improvements on other exchanges, for wallets, and the architecture of bitcoin itself. As a rule of thumb, no small-to-medium scale crypto holders should use exchange wallets as a long-term storage solution. Investors and experienced traders may do this to take advantage of market fluctuations, but exchange wallets are perhaps the most prone to hacking, and storing assets on exchanges for an extended time is one of the riskiest ways to hold your assets.
In a case strikingly similar to the MtGox of 2011–2014, the operators of the BitGrail exchange “discovered” that approximately 17 million XRB ($195 million worth in early 2018) were missing. The operators of the exchange were inexplicably still accepting deposits, long after they knew about the hack. Then they proceeded to block withdrawals from non-EU users. And then they even requested a hard fork of the code to restore the funds. This would have meant the entire XRB Blockchain would have had to accept all transactions from their first “invalid” transaction that were invalid, and rollback the ledger. The BitGrailexchange attempted to open operations in May 2018 but was immediately forced to close by order of the Italian courts. BitGrail did not institute mandatory KYC (Know your customer) procedures for their clients until after the theft had been reported, and allegedly months after the hack was visible. They also did not have 2 factor authentication mandatory for withdrawals. All big, and very costly mistakes.
Case Study: Good Practice Binance, the Attempted Hack
During the 2017 bull run, China-based exchange Binance quickly rose to the status of biggest altcoin exchange in the world, boasting daily volumes that surged to over $4 billion per day in late December. Unfortunately, this success attracted the attention of some crafty hackers. These hackers purchased domain names that were confusingly similar to “binance.com”. And then they created sufficiently convincing replica websites so they could phish traders for their login information. After obtaining this vital info, the scammers created API keys to place large buy orders for VIAcoin, an obscure, low volume digital currency. Those large buy orders spiked VIA’s price. Within minutes they traded the artificially high-priced VIA for BTC. Then they immediately made withdrawal requests from the hacked BTC wallets to wallets outside of the exchange. Almost a perfect fait accompli! But, Binance’s “automating risk management system” kicked in, as it should, and all withdrawals were temporarily suspended, resulting in a foiled hacking attempt.
Software Wallets Web/Desktop/Phone/Exchange Advantages and Limitations
As we said before, it is inadvisable to store crypto assets in exchange wallets, and, to a lesser extent, Web Wallets. The specific reason we say that is because you need to deliver your private keys into the hands of another party, and rely on that website or exchange to keep your private key, and thus your assets, safe. The advantages of the less-secure exchange or web wallets, are the speed at which you can transfer assets into another currency, or into another exchange for sale or for arbitrage purposes. Despite the convenience factor, all software wallets will at some point have been connected to the internet or a network. So, you can never be 100% sure that your system has not been infected with malware, or some kind of keylogging software, that will allow a third party to record your passwords or private keys. How well the type of storage method limits your contact with such hazards is a good way to rate the security of said variety of wallet. Of all the software wallets, desktop and mobile wallets are the most secure because you download and store your own private key, preferably on a different system. By taking the responsibility of private key storage you can be sure that only one person has possession of it, and that is you! Thereby greatly increasing the security of your crypto assets. By having their assets in a desktop wallet, traders can guard their private key and enjoy the associated heightened security levels, as well keep their assets just one swift transfer away from an exchange.
Hardware Wallets Advantages and Limitations
We briefly touched on the features and operation of the two most popular hardware wallets currently on the market, the Ledger and Trezor wallets. Now it will be helpful to take a closer look into the pros and cons of the hardware wallet storage method. With hardware wallets, the private keys are stored within a protected area of the microcontroller, and they are prevented from being exported out of the device in plain text. They are fortified with state-of-the-art cryptography that makes them immune to computer viruses and malware. And much of the time, the software is open source, which allows user validation of the entire performance of the device. The advantages of a hardware wallet over the perhaps more secure paper wallet method of crypto storage is the interactive user experience, and also the fact that the private key must at some stage be downloaded in order to use the paper wallet. The main disadvantage of a hardware wallet is the time-consuming extra steps needed to transfer funds out of this mode of storage to an exchange, which could conceivably result in some traders missing out on profits. But with security being the main concern of the vast majority of holders, investors and traders too, this slight drawback is largely inconsequential in most situations.
Paper Wallets Advantages and Limitations
Paper wallets are thought by some to be the safest way to store your crypto assets, or more specifically, the best method of guarding the pathways to your assets on the Blockchain. By printing out your private key information, the route to your assets on the Blockchain is stored 100% offline (apart from the act of printing the private key out, the entire process is totally offline). This means that you will not run the risk of being infected with malware or become the victim of keylogging scams. The main drawback of using paper wallets is that you are in effect putting all your eggs in one basket, and if the physical document is destroyed, you will lose access to your crypto assets forever.
Key things to keep in mind about your Wallet Security: Recovery Phrases/Private Key Storage/2FA/Email Security
Recovery phrases are used to recover the on-chain location for your wallet with your assets for hardware wallets like ledgers and Trezors that have been lost. When you purchase a new ledger for example, you just have to set it up again by entering the recovery phrase into the display and the lost wallets will appear with your assets intact. Private key storage is of paramount importance to maintain the safety of your on-chain assets! This should be done in paper wallet form, or stored offline on a different computer, or USB device, from the one you would typically use to connect to the 2 Factor Authentication (2FA) sometimes known as “two step authentication”. This feature offers an extra security layer when withdrawing funds from cryptocurrency wallets. A specialized app, most commonly Google Authenticator, is synced up to the exchange to provide a constantly changing code. This code must be entered within a short time window to initiate transfers, or to log into an exchange, if it has also been enabled for that purpose.
You must always consider the level of fees, or the amount of Gas, that will be needed to carry out the transaction. In times of high network activity Gas prices can be quite high. In fact, in December 2017 network fees became so high that some Bitcoin transactions became absolutely unfeasible. But that was basically due to the anomalous network congestion caused by frantic trading of Bitcoin as it was skyrocketing in value. When copying wallet addresses, double check and triple check that they are correct. If you make a mistake and enter an incorrect address, it is most likely your funds will be irretrievably lost; you will never see those particular assets again. Also check that you haven’t input the address of another one of your wallets that is designed to hold a different variety of cryptocurrency. You would similarly run the very great risk of losing your funds forever. Or, at the very least, if you have sent the wrong crypto to a large exchange wallet, for example on Coinbase, maybe you could eventually get those funds back, but it would still entail a long and unenjoyable wait.
How to Monitor Funds
There are two ways to monitor you funds and your wallets. The first is by searching for individual wallet addresses on websites specifically designed to let you view all the transactions on a particular Blockchain. The other is to store a copy of your wallet contents on an application that tracks the prices of all cryptocurrencies. Blockchain.info is the block explorer for Bitcoin, and it allows you to track all wallet movements so you can view your holdings and all the historical transactions within the wallet. The Ethereum blockchain’s block explorer is called Ether scanner, and it functions in the same way. There is a rival to Ether scanner produced by the Jibrel Network, called JSearch which will be released soon. JSearch will aim to offer a more streamlined and faster search method for Ethereum blockchain transactions. There are many different kinds of block explorer for each individual crypto currency, including nanoexplorer.io for Nano (formerly Rai Blocks) and Neotracker for NEO. If you simply want to view the value of your portfolio, the Delta and Blockfolio apps allow you to easily do that. But they are not actually linked to your specific wallet address, they just show price movements and total value of the coins you want to monitor.
That’s not all! You can learn how to transfer and monitor the funds in and out of your wallet by clicking on the link.
To be continued!
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submitted by UBAI_UNIVERSITY to u/UBAI_UNIVERSITY [link] [comments]

MtGox - account login - hacked

Hello,
Just got an email from MtGox account that someone successfully logged in my account.
The thing is: I created that account for a brief moment, and no one knows about my account, i have no relationship with bitcoins since i dont buy/sell.
I must come to a conclusion that maybe MtGox got hacked.
Be warned guys..
Here the email:
Dear saxxxxx,
This is an email notification that your MtGox account has been logged-in to successfully.
Login Details: Account ID: saxxxxx IP Address: 171.14.117.115 User Agent: Mozilla/4.0 (compatible; MSIE 8.0; Windows NT 6.1; WOW64; Trident/4.0; chromeframe; SLCC2; .NET CLR 2.0.50727; .NET CLR 3.5.30729; .NET CLR 3.0.30729; Media Center PC 6.0; MAXTHON 2.0) Connection Time: 2014-02-16 12:36:09 GMT
The purpose of this email is to keep you notified about account activity. Thank you for using MtGox and keeping your account secure.
Best Regards,
MtGox Support [email protected] https://mtgox.com/
Here is the email header:
Delivered-To: [email protected] Received: by 10.60.92.37 with SMTP id cj5csp205312oeb; Sun, 16 Feb 2014 04:36:10 -0800 (PST) X-Received: by 10.68.66.103 with SMTP id e7mr20234805pbt.120.1392554170167; Sun, 16 Feb 2014 04:36:10 -0800 (PST) Return-Path: [email protected] Received: from mx02.xta.net (ec2-54-199-126-100.ap-northeast-1.compute.amazonaws.com. [54.199.126.100]) by mx.google.com with ESMTP id sj7si4410306pbb.299.2014.02.16.04.36.09 for [email protected]; Sun, 16 Feb 2014 04:36:10 -0800 (PST) Received-SPF: pass (google.com: domain of [email protected] designates 54.199.126.100 as permitted sender) client-ip=54.199.126.100; Authentication-Results: mx.google.com; spf=pass (google.com: domain of [email protected] designates 54.199.126.100 as permitted sender) smtp.mail=[email protected] Message-Id: <[email protected]> To: xxxxx [email protected] Subject: [Mt.Gox] Login notification From: Mt.Gox [email protected] Date: Sun, 16 Feb 2014 12:36:09 +0000 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: quoted-printable Content-Disposition: inline MIME-Version: 1.0
submitted by sady92 to Bitcoin [link] [comments]

Great news! Bitfloor USD withdrawals now open.

For those who haven't seen it, Roman just posted the update we've all been waiting for on bitfloor.com:
We are pleased to announce that we are ready to start returning USD funds. Please follow the instructions on the withdraw page. If your account balance is over 3000 USD, you must first open an account with IAFCU and then provide your IAFCU account number.
=== === ===
Update July 6, 12:56 PM Pacific: I'm already getting emails and seeing responses here about various login/withdrawal/balance-related issues. I imagine it may take a few days for all the ins and outs of the refund process to become clear to all of us. If you are experiencing USD withdrawal-related issues (such as $0 balance showing up on your account when you know you had a positive balance) that are not resolved by 7/12, please send me a PM or email and I will start tracking those issues and reporting them to those on the update email list. If you would like to be added to that list, PM me your email address.
Update July 6, 12:59 PM Pacific: sodoubleoggood reports that Bitfloor has removed all pending withdrawals, so for users who were seeing $0 balances due to pending withdrawals, check your account again to see if that's cleared up.
Update July 7, 10:36 PM Pacific: I have been receiving numerous reports of bugs and account access issues from users who are trying to submit their withdrawal requests. I am keeping track of these comments, but because Bitfloor just announced the refund process yesterday, I am asking everyone to give Bitfloor one more week (until 7/12) to start working through their backlog of customer support emails. If by the end of next week there does not appear to be progress, I will create a "master list" of issues reported to me and will use the email update list to communicate progress on those issues.
Update July 10, 2:18 PM Pacific: Understandably, a lot of people want to know when they're going to get their refunds now that they've submitted ID info to Bitfloor or IAFCU. I don't have any information from Bitfloor or IAFCU suggesting a specific timeline, but here are my thoughts on the matter.
Those in the < $3,000 camp will be wondering about the timeline for verification of docs uploaded via Bitfloor. In the last few days before the exchange shut down, document verifications were taking 5-10 business days, so I could imagine the process taking the same amount of time now (and maybe longer since hundreds of customers are re-submitting their documents all at the same time). I don't believe Bitfloor has a large staff doing this manual processing the way that MtGox does, so I don't expect Bitfloor can get through thousands of verifications a day like they do.
Likewise, people in the IAFCU camp may need to wait several days for a phone call. IAFCU is a very small credit union (and it may in fact be Jordan alone doing all account verifications), and if my spreadsheet represents, say, half of all Bitfloor users, IAFCU may have already received a couple hundred new applications in the last few days, each of which requires a telephone confirmation step (and possibly even a confirmation of a donation sent to a local charity). So I won't be surprised if it takes a few more days for IAFCU applications to get processed.
I know it's frustrating that it's taking so long. But I still think our best bet continues to be patience.
Update July 10, 10:42 PM Pacific: SpottedMarley from bitcointalk.org posted this message indicating that he has spoken to a person at IAFCU who is working on processing the new account applications. He includes a lot of interesting details.
=== === ===
Here's what's currently appearing after I log in to my Bitfloor account.
[Right-hand sidebar showing my BTC and USD balance]
[Left-hand content area with the following instructions:]
USD Refunds
In order to receive your USD refund, please read and follow the instructions below.
If your USD balance is 3000 USD or more, you must first open an account with IAFCU and provide your IAFCU account information and NOT your current bank account information.
Everyone is required to provide the following information:
The cost for processing a refund (set by IAFCU) is 2.50 USD which will be deducted from your account balance. If your balance is below 2.50 USD we cannot process your refund at this time.
International Users should fill out the information below and use a SWIFT code in place of a routing number.
Copy of Government ID
The photo must be clear, cropped to the dimensions of the scanned document, and upright.
[UPLOAD BUTTON]
=== === ===
Here's the email response I received from Internet Credit Union after I submitted my account application:
Dear AudenX,
Ok so you have submitted your application for a new Account- If I were you I would saying: Now What?
First Step
The next business day a real person in the good ole US of A will review what you sent and perhaps wonder why you forgot some information we really need.
Second Step
This real person (maybe even me) will call and verify you are really you. So please pick up the phone or at least call us back.
When we call, answer the phone as three things will happen:
  1. We are required to “Know our customers”. This means that personal touch of actually speaking with you and verifying some of the information on your application.
  2. We will give your account number . If you want a really cool account number you can request one by donating either dollars or bitcoins. Hey we are a not for profit and need to keep fees down for everyone. Accounts numbers from 100-9,999 can be gotten by helping support us. The lower or more special the number the higher the donation.
  3. We will ask you if you want to set up A2A transfer from another financial institution. Then you can transfer money from one those big banks that helped bring down the economy just a few years ago to us little but good guys that care about your financial well being.
Third Step – Sign onto online banking:
READ THIS, perhaps even print it and put on your frig next to those fruit or poetry word magnets, and it will save us both lots puzzled states at a screen:
Log on now the day we call you and we mean today:
You need to log on with 24 hours of us creating your account and contacting you otherwise we will have to reset your PW. And why take up your time on long call with us when you could be out there saving the world.
How do I log on?:
We encourage people to jump from our home page: IAFCU.ORG. Also then you can read my old and new blogs and make my dad happy.
What do I do if its my first time?:
Mainly answer the phone! Part of being with a Credit Union is that we like to get to know our members and we will personally call you and walk you through how to get on and navigate online banking.
Name that Account:
Once on you may want to go to Nick Names Under XXX and change the names of your accounts. Primary Share is called a Savings Account in the banking world and Share Draft is checking account. Yup we can help you with that.
THANKS FOR JOINING AND BECOMING AN OWNER OF THE CREDIT UNION
Jordan Modell
=== === ===
df546rtghr65y4 asked an important question:
So how is it that the IAFCU is able to issue accounts to people outside NJ?
Very good question.
This may seem weird to some customers who are new to credit unions (Wikipedia article), but if you've never used a credit union before, one of the first things to know is that their charters require them to have a well-defined "field of membership" that limits who is able to become a member. In the case of IAFCU, the field of membership is those who live or worship in New Brunswick, NJ. However, IAFCU can satisfy the field of membership requirement for those outside New Brunswick if they make a small donation to a New Brunswick-based nonprofit.
So for those who (like me) are opening an IAFCU account but reside outside of New Brunswick, here's the info you're going to receive from IAFCU when they call you (from an email exchange I had with Jordan):
Please note that if you live outside New Brunswick NJ the only other requirement is donate $5 (usually we ask $10 but understand circumstances) to a local charity. There are four who are bitcoin friendly and worthy the one we deal with the most is Elijah's Promise they are a soup kitchen-food pantry and a lot more. They have no relation to us and it is tax deductible. We can tell you about the others when we call you.
Although this might seem like a hassle to some, presumably everyone who is opening a new account with IAFCU has over $3,000 to recover from Bitfloor, and the $2.50 processing fee + $5 donation is hardly a loss compared to what we were fearing might happen (e.g. 25-50% loss through a class-action lawsuit).
=== UPDATE EMAIL LOG ===
17-July-2013: http://audenx.tumblr.com/post/55752420994
13-July-2013: http://audenx.tumblr.com/post/55752222447
10-July-2013: http://audenx.tumblr.com/post/55154517024
06-July-2013: http://audenx.tumblr.com/post/54770637002 <-- Great news
05-July-2013: http://audenx.tumblr.com/post/54707157530
02-July-2013: http://audenx.tumblr.com/post/54479938119
26-June-2013: http://audenx.tumblr.com/post/53970438791
21-June-2013: http://audenx.tumblr.com/post/53568535359
17-June-2013: http://audenx.tumblr.com/post/53234614015
13-June-2013: http://audenx.tumblr.com/post/52878432522
10-June-2013: http://audenx.tumblr.com/post/52640707656 <-- Good news
07-June-2013: http://audenx.tumblr.com/post/52414956398
05-June-2013: http://audenx.tumblr.com/post/52251841162
01-June-2013: http://audenx.tumblr.com/post/51902492890
30-May-2013: http://audenx.tumblr.com/post/51761248589
27-May-2013: http://audenx.tumblr.com/post/51584420452
22-May-2013: http://audenx.tumblr.com/post/51488743664
20-May-2013: http://audenx.tumblr.com/post/50956376471
15-May-2013: http://audenx.tumblr.com/post/50952729836
13-May-2013: http://audenx.tumblr.com/post/50547278257
10-May-2013: http://audenx.tumblr.com/post/50363516504
08-May-2013: http://audenx.tumblr.com/post/50363321012
06-May-2013: http://audenx.tumblr.com/post/49875576808
AudenX unofficial USD balance owed tally as of Saturday, 06-July-2013: 270 respondents. $791,000.
USD balance reported by IAFCU via SpottedMarley on Wednesday, 10-July-2013: over $2.8M
submitted by audenx to Bitcoin [link] [comments]

I just called the MtGox call centre in Japan - they confirmed that the login has been put there by "legal" and they have not been hacked

I called this number from the original banckrupty announcement (I called from Australia - we are only 2 hours ahead):
https://www.mtgox.com/img/pdf/20140228-announcement_eng.pdf
[EDIT: I checked the current online version linked above with an earlier copy I had downloaded just in case they are different - I can confirm the document content including phone numbers are the same.]
Telephone number +81 3-4588-3922 Working hours Monday to Friday 10am to 5pm (Japan time)
There was no waiting, so nobody is using that line it would appear. A nice man with an American accent said that the login has been put there by "legal" for users to check their balances and that the website has not been hacked.
Just wanted to share this.
UPDATE REGARDING TRANSACTION HISTORY:
I called the number again (about an hour later) - again, absolutely no waiting - I called again to ask about my transaction history. The same man answered, with the American accent (although sounded Japanese), who spoke impeccable English. He said that the transaction history is still unavailable because the courts still have to "polish" it (whatever that means). I said I needed it for taxation purposes. He replied by saying he will "check on this, and post an update on the website soon".
There you go.
EDIT: Another piece of trivia I noticed. The man at the call centre pronounced MtGox as "EmptyGox" (M-T-Gox) whereas I've always thought of it as "Mount Gox". Interesting.
UPDATE: Another established Redditor also called to confirm this - posted here: http://www.reddit.com/Bitcoin/comments/20oig3/mtgox_update_20140317_you_can_now_log_in_to_see/cg5htbx
UPDATE: Coindesk has also called the call centre and confirmed this: http://www.ibtimes.co.uk/cryptocurrency-news-round-auroracoin-rebounds-100-days-dogecoin-mtgox-reopens-1440799
submitted by Redditcoin to Bitcoin [link] [comments]

MtGox Bitcoins to BTC Bitcoins in 50 seconds MtGox Bitcoins to BTC e Bitcoins in 50 seconds - YouTube MtGox USD to BTC e Bitcoins in 1 minute Sending bitcoins from Mtgox to your bitcoin wallet bitcoin price Mt Gox site disappears, Bitcoin future in ...

Hier sollte eine Beschreibung angezeigt werden, diese Seite lässt dies jedoch nicht zu. In March, the personal blog of MtGox CEO Mark Karpeles was accessed and the information about the trading status of MtGox was leaked along with the complete trade history of every customer up to 30th November 2013. This information is now in the public domain. By searching the trade data we can provide a recovery service to enable you to re-construct your trade history. HTTP API version 0 methods 0/data/getTrades.php. This allows retrieving all trades which happened in the last 24 hours. The returned data is cached and may not reflect latest activity. A cooperative of Mt. Gox Bitcoin creditors. Welcome . This site is for all creditors of the Mt Gox bankruptcy proceedings. We’re coordinating legal action to stop more than $2,000,000,000 surplus from going to the people responsible for the exchange when it was hacked, and instead, have it shared among creditors who were victims of crime. This is a grass roots co-operative, not a commercial ... After weeks of showing only legal notices, Mt. Gox's homepage now has a login screen that lets users check their bitcoin balances. But that's apparently all the beleaguered digital wallet service ...

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MtGox Bitcoins to BTC Bitcoins in 50 seconds

MtGox Bitcoins to BTC Bitcoins in 50 seconds BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S First Fork http:/... MtGox USD to BTC-e Bitcoins in 1 minute This video shows the transfer of MtGox USD funds via the integrated Bitinstant functions of BTC-Trader to the BTC-e exchange and purchase of Bitcoins on BTC ... BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S First Fork http://youtu.be/oBkhPhu3_B4 Test Scanning Stainless... BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S First Fork http://youtu.be/oBkhPhu3_B4 Test Scanning Stainless... In this video tutorial we'll create a new bitcoin wallet with Electrum and then send some bitcoins to it from MtGox.

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