Overclock.net › Forums › Industry News › Technology and Science News › [Ottawa Citizen]Ottawa bitcoin exchange defrauded of $100,000 in cyber currency
New Posts  All Forums:Forum Nav:

[Ottawa Citizen]Ottawa bitcoin exchange defrauded of $100,000 in cyber currency

post #1 of 10
Thread Starter 
http://www.ottawacitizen.com/business/Ottawa+bitcoin+exchange+defrauded+cyber+currency/9628321/story.html
Quote:
An Ottawa-based bitcoin exchange has been defrauded of more than $100,000 worth of the cyber currency in a heist that was anything but sophisticated.

Canadian Bitcoins covered the $100,000 loss out of their own pocket, Grant said, and moved to get their computer equipment out of the facility.
post #2 of 10
I think you should also add the most important part of the article, unless you are click-baiting.
Quote:
According to a text copy of the chat session obtained by the Citizen, at no point during the nearly two-hour-long conversation was the caller asked to verify his identity. After being asked, the technical support worker gained access to Grant’s locked server pen, plugged in a laptop and then manually gave the fraudster access to Canadian Bitcoins servers, where he cleaned out a wallet containing 149.94 bitcoins, valued at around $100,000.

This was truly fraud and social manipulation, not anything to do with Bitcoin itself.
 
Liquid i5
(18 items)
 
Budget BOINCer
(11 items)
 
CPUMotherboardGraphicsGraphics
Intel i7 3930k Asus Rampage IV Gene Micro ATX LGA2011 Diamond Radeon HD 7970 Diamond Radeon HD 7970 
RAMHard DriveCoolingOS
G.Skill Ripjaws X Series 16GB (4 x 4GB) DDR3-1866 Samsung 840 Pro Series 256GB Heatkiller Waterblocks! Windows 8 Pro 
PowerCase
Seasonic X-850 Mountain Mods H2gO, black wrinkle, Left H Windo... 
CPUMotherboardGraphicsRAM
Intel i5 2500k @ 4.5ghz 1.428v Gigabyte GA-P67A-UD4-B3 EVGA 570 SC SLI@ 900/2000 1.1v G-Skill Ripjaws 16gb 
Hard DriveHard DriveOptical DriveCooling
Crucial C300 128gb Samsung F4 2TBx4 Raid5 LG Bluray Combo GPU - HK GPUx3 
CoolingCoolingOSMonitor
CPU - HK Rev 3.0 360+120 Rads, Gentle Typhoon AP-15s Win7 Pro x64 Samsung SyncMaster XL2370 
PowerCaseMouseAudio
Corsair HX750w Cooler Master HAF X Logitech G9 Razer Barracuda AC-1 
CPUMotherboardGraphicsRAM
Phenom II x4 945 MSI 790FX-GD70 3x HD 5870 G-Skill Ripjaws 2x2gb Blue 
Hard DriveCoolingCoolingCooling
Seagate 320gb CPU - XSPC Rasa GPUs - XSPC 5870 & MCW82 RS240 & EX240 
OSPowerCase
XP Pro Seasonic Platinum 860 Fractal Arc Midi 
  hide details  
Reply
 
Liquid i5
(18 items)
 
Budget BOINCer
(11 items)
 
CPUMotherboardGraphicsGraphics
Intel i7 3930k Asus Rampage IV Gene Micro ATX LGA2011 Diamond Radeon HD 7970 Diamond Radeon HD 7970 
RAMHard DriveCoolingOS
G.Skill Ripjaws X Series 16GB (4 x 4GB) DDR3-1866 Samsung 840 Pro Series 256GB Heatkiller Waterblocks! Windows 8 Pro 
PowerCase
Seasonic X-850 Mountain Mods H2gO, black wrinkle, Left H Windo... 
CPUMotherboardGraphicsRAM
Intel i5 2500k @ 4.5ghz 1.428v Gigabyte GA-P67A-UD4-B3 EVGA 570 SC SLI@ 900/2000 1.1v G-Skill Ripjaws 16gb 
Hard DriveHard DriveOptical DriveCooling
Crucial C300 128gb Samsung F4 2TBx4 Raid5 LG Bluray Combo GPU - HK GPUx3 
CoolingCoolingOSMonitor
CPU - HK Rev 3.0 360+120 Rads, Gentle Typhoon AP-15s Win7 Pro x64 Samsung SyncMaster XL2370 
PowerCaseMouseAudio
Corsair HX750w Cooler Master HAF X Logitech G9 Razer Barracuda AC-1 
CPUMotherboardGraphicsRAM
Phenom II x4 945 MSI 790FX-GD70 3x HD 5870 G-Skill Ripjaws 2x2gb Blue 
Hard DriveCoolingCoolingCooling
Seagate 320gb CPU - XSPC Rasa GPUs - XSPC 5870 & MCW82 RS240 & EX240 
OSPowerCase
XP Pro Seasonic Platinum 860 Fractal Arc Midi 
  hide details  
Reply
post #3 of 10
Quote:
Originally Posted by Angrybutcher View Post

I think you should also add the most important part of the article, unless you are click-baiting.
Quote:
According to a text copy of the chat session obtained by the Citizen, at no point during the nearly two-hour-long conversation was the caller asked to verify his identity. After being asked, the technical support worker gained access to Grant’s locked server pen, plugged in a laptop and then manually gave the fraudster access to Canadian Bitcoins servers, where he cleaned out a wallet containing 149.94 bitcoins, valued at around $100,000.

This was truly fraud and social manipulation, not anything to do with Bitcoin itself.

The best part is when the owner tried to check up on his server:
Quote:
n order to check the servers himself, he needed to call two hours in advance to alert Rogers officials about his visit. He then needed a key card to enter the building, enter the lobby, activate the retinal scanner, pass through two more sets of locked doors and then he had to provide a numeric code to unlock the padlocked gate on the cage of his servers.

“It’s completely ridiculous,” said Grant. “All they did was go on the chat session and say, ‘Hi, I’m James Grant and I have a server with you’ and the data centre said, ‘Yes you do, what can we do for you?”
Hydra TH10A
(15 items)
 
Nova Vault
(5 items)
 
 
CPUMotherboardGraphicsRAM
5960x Rampage V Extreme 3-Way SLI GTX 980 Ti Hydro Copper 16 GB Dominator Platinum 
Hard DriveCoolingCoolingCooling
480GB Intel 730 SSD Raid 0 x4 Custom Loop 4x 480 Alphacool Radiators Aquacomputer Aqualis 
MonitorKeyboardPowerCase
Acer B326HK Razer Black Widow 2014 Corsair AX1500i  Case Labs TH10A 
MouseMouse PadAudio
Razer Naga 2014 Megasoma 2 Creative ZxR 
CPUMotherboardRAMHard Drive
Xeon D-1541 Supermicro X10SDV-TLN4F 128GB Crucial DDR4 2133 ECC 10x WD Red 4TB  
Case
Caselabs Nova  
CPUGraphicsRAMHard Drive
2.9 Ghz Radeon Pro 560 4GB 16 GB 1TB SSD 
OSMonitor
OS 10.11 15 Inch Retina 2880x1800 
  hide details  
Reply
Hydra TH10A
(15 items)
 
Nova Vault
(5 items)
 
 
CPUMotherboardGraphicsRAM
5960x Rampage V Extreme 3-Way SLI GTX 980 Ti Hydro Copper 16 GB Dominator Platinum 
Hard DriveCoolingCoolingCooling
480GB Intel 730 SSD Raid 0 x4 Custom Loop 4x 480 Alphacool Radiators Aquacomputer Aqualis 
MonitorKeyboardPowerCase
Acer B326HK Razer Black Widow 2014 Corsair AX1500i  Case Labs TH10A 
MouseMouse PadAudio
Razer Naga 2014 Megasoma 2 Creative ZxR 
CPUMotherboardRAMHard Drive
Xeon D-1541 Supermicro X10SDV-TLN4F 128GB Crucial DDR4 2133 ECC 10x WD Red 4TB  
Case
Caselabs Nova  
CPUGraphicsRAMHard Drive
2.9 Ghz Radeon Pro 560 4GB 16 GB 1TB SSD 
OSMonitor
OS 10.11 15 Inch Retina 2880x1800 
  hide details  
Reply
post #4 of 10
Not exactly Ocean's Eleven haha
post #5 of 10
Quote:
Originally Posted by Angrybutcher View Post

I think you should also add the most important part of the article, unless you are click-baiting.
This was truly fraud and social manipulation, not anything to do with Bitcoin itself.

Human Error... Trumps ANY security feature ever made.


Bitcoin... Yeah... if its laying around its pretty much Free Anonymous money for the right person to come along and manipulate the situation.
    
CPUMotherboardGraphicsRAM
Intel®Core™ i7-6920HQ  MSI GT80S 6QF-072 MXM GTX 980 SLI Kingston HyperXImpact CL14 Dual Channel 8GB X4 
Hard DriveHard DriveOptical DriveOS
Samsung 950 Pro 512 GB X2 Samsung 850 Pro 2TB ASUS Blu-Ray/ Asus CD Burner Windows 10 Home 64-Bit (Came with laptop) 
MonitorKeyboardPowerCase
Acer HN274H BMIIID 3D 27-Inch LED Monitor - Black SteelSeries 6Gv2 Mechanical Gaming Keyboard Bui... 330W Power Brick MSI GT80S Titan 
MouseMouse PadAudioOther
Logitec Proteus Core Whatever works! Nahimic Sound Wireless Killer 1535 
  hide details  
Reply
    
CPUMotherboardGraphicsRAM
Intel®Core™ i7-6920HQ  MSI GT80S 6QF-072 MXM GTX 980 SLI Kingston HyperXImpact CL14 Dual Channel 8GB X4 
Hard DriveHard DriveOptical DriveOS
Samsung 950 Pro 512 GB X2 Samsung 850 Pro 2TB ASUS Blu-Ray/ Asus CD Burner Windows 10 Home 64-Bit (Came with laptop) 
MonitorKeyboardPowerCase
Acer HN274H BMIIID 3D 27-Inch LED Monitor - Black SteelSeries 6Gv2 Mechanical Gaming Keyboard Bui... 330W Power Brick MSI GT80S Titan 
MouseMouse PadAudioOther
Logitec Proteus Core Whatever works! Nahimic Sound Wireless Killer 1535 
  hide details  
Reply
post #6 of 10
Social engineering is the weakest part of any security system

If it wasn't we wouldn't have secret agents we'd only have hackers.
post #7 of 10
shouldnt the server host be responsible for that money lost if it really happened like that? that would be kinda like walking into a bank and saying "Hi im mr smith and i would like to withdraw 100k from my account" and the teller just giving him the money without asking for id.
Case Labs S3
(12 items)
 
  
CPUMotherboardGraphicsRAM
i7 3770k ASRock Z77E GTX 780Ti Samsung 
Hard DriveCoolingOSMonitor
840 EVO Custom Water Win 7 Shimian 
KeyboardPowerCaseMouse
Razer Black Widow Seasonic X660 Case Labs S3 G400 
  hide details  
Reply
Case Labs S3
(12 items)
 
  
CPUMotherboardGraphicsRAM
i7 3770k ASRock Z77E GTX 780Ti Samsung 
Hard DriveCoolingOSMonitor
840 EVO Custom Water Win 7 Shimian 
KeyboardPowerCaseMouse
Razer Black Widow Seasonic X660 Case Labs S3 G400 
  hide details  
Reply
post #8 of 10
Quote:
Originally Posted by TurboMach1 View Post

shouldnt the server host be responsible for that money lost if it really happened like that? that would be kinda like walking into a bank and saying "Hi im mr smith and i would like to withdraw 100k from my account" and the teller just giving him the money without asking for id.

That would require the server hosting agency to accept Bitcoins as a legitimate currency...and the only currency they have to recognize as legitimate is the Canadian dollar. No court in the land could make them. I wouldn't be surprised if it was an inside job by them just because they knew nothing could be held against them.

Though I think they could get in trouble for not securing sensitive data...no matter if it was my tax records or bit coins...sensitive data is sensitive data
Edited by Vagrant Storm - 3/18/14 at 2:34pm
My System
(16 items)
 
  
CPUMotherboardGraphicsGraphics
2600K @ 4.7GHz Asus P8P67 B3 GTX 580 EVGA Hydro Copper 2 GTX 580 EVGA  
RAMHard DriveOptical DriveOS
4x4GB G.Skill Ripjaws bunch of 'em Blu-Ray For movies Windows 8.1 
MonitorMonitorKeyboardPower
24.4" Hans G HH251 X2 Yamakasi DS270  Blah 1000watt Super Flower 
CaseMouseMouse PadAudio
Built into Desk Microsoft SideWinder X8 Comfy one... Creative Extreme Gamer 
  hide details  
Reply
My System
(16 items)
 
  
CPUMotherboardGraphicsGraphics
2600K @ 4.7GHz Asus P8P67 B3 GTX 580 EVGA Hydro Copper 2 GTX 580 EVGA  
RAMHard DriveOptical DriveOS
4x4GB G.Skill Ripjaws bunch of 'em Blu-Ray For movies Windows 8.1 
MonitorMonitorKeyboardPower
24.4" Hans G HH251 X2 Yamakasi DS270  Blah 1000watt Super Flower 
CaseMouseMouse PadAudio
Built into Desk Microsoft SideWinder X8 Comfy one... Creative Extreme Gamer 
  hide details  
Reply
post #9 of 10
Thread Starter 
Quote:
Originally Posted by Angrybutcher View Post

I think you should also add the most important part of the article, unless you are click-baiting.
?
I don't own Ottawa Citizen, why would I care about traffic to that site??????
post #10 of 10
Quote:
Originally Posted by Syan48306 View Post

The best part is when the owner tried to check up on his server:

Reminds me of http://www.overclock.net/t/1463047/tnw-how-i-lost-my-50-000-twitter-username/0_50 . Basically the "hacker" kept calling godaddy until he got a person that gave him more info than he should have.
Zev's Comp
(15 items)
 
  
CPUMotherboardGraphicsRAM
Intel Core i5-2500K Sandy Bridge 3.3GHz GIGABYTE GA-Z68X-UD3H-B3 LGA 1155 Intel Z68 HDM... GeForce GTX 750 Ti G.SKILL Ripjaws X Series 8GB 
Hard DriveHard DriveHard DrivePower
1TB HDD 64GB SSD (Used for SRT) 500 GB. Antec BP550 Plus 550W Continuous Power ATX12V V... 
Case
COOLER MASTER ELITE 335 RC-335-KKN1-GP Black S... 
  hide details  
Reply
Zev's Comp
(15 items)
 
  
CPUMotherboardGraphicsRAM
Intel Core i5-2500K Sandy Bridge 3.3GHz GIGABYTE GA-Z68X-UD3H-B3 LGA 1155 Intel Z68 HDM... GeForce GTX 750 Ti G.SKILL Ripjaws X Series 8GB 
Hard DriveHard DriveHard DrivePower
1TB HDD 64GB SSD (Used for SRT) 500 GB. Antec BP550 Plus 550W Continuous Power ATX12V V... 
Case
COOLER MASTER ELITE 335 RC-335-KKN1-GP Black S... 
  hide details  
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Technology and Science News
Overclock.net › Forums › Industry News › Technology and Science News › [Ottawa Citizen]Ottawa bitcoin exchange defrauded of $100,000 in cyber currency