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Shape shift bitcoin charts

There was a complicated series of thefts at ShapeShift, a cryptocurrency exchange that calls itself the "safest asset exchange on Earth" and is used to convert between different virtual currencies. It's a long read, so if you haven't read it already, let me summarize it. According to Voorhees, a sysadmin with the pseudonym Bob first installed a backdoor on another developer's machine, then used his own credentials to empty out the Bitcoin hot wallet, then initially hid and subsequently destroyed his keys to cover his tracks.

ShapeShift wiped Bob's access and moved its service to a cloud provider, hoping that this would stop Bob's attack. Bob bailed out of Switzerland, where ShapeShift is based, and left his dog behind, but started throwing accusations of racially motivated persecution at Shapeshift.

Then a second attacker with the handle Rovion bought backdoor access from Bob, who had previously compromised his co-worker's laptop and kept it hidden. Rovion then cleaned out the hot wallets in multiple currencies when the ShapeShift service was not even open to the public. ShapeShift moved its service to a different hosting platform, assuming that the third time is the charm, that a change of scenery would magically fix whatever might have been the vulnerability, and that they would examine what went wrong later.

Rovion broke in again and emptied out both the Bitcoin and the Ethereum hot wallets. In the meantime, it turned out that Bob was white all along, rendering his claims of racially-motivated persecution ludicrous in Voorhees's eyes.

ShapeShift then paid a bounty to Rovion. In return, Rovion told a story involving Bob, which ShapeShift wholeheartedly believed.

ShapeShift's story is about as credible as rumors that our financial system is run by shapeshifting lizard-men. Frankly, I found this story incredible. Now, we should not arm-chair-quarterback ShapeShift's various security failures. They failed to establish a perimeter, had too large a trusted computing base coupled with an inadequate response to the hacks, and paid dearly for it. Now that they brought in a computer security expert, what led up to the heists isn't nearly as important as how they deal with the aftermath.

But in the aftermath, it's critical to understand what took place. As the story itself demonstrates all too clearly, it's difficult to take effective measures without pinning down what exactly happened. Sadly, there are more red flags surrounding Voorhees's current explanation than at a Swiss slalom course, more holes in the story than Swiss cheese.

I kissed an exchange and I liked it, but it did not ShapeShift into something trustworthy. Bob is somehow able to connect with a hacker who has been hiding in their systems for some time. It seems extremely unlikely that Bob would be able to figure out how to communicate with a covert hacker who has partially penetrated a system and is laying in wait to complete his hack.

By definition, Rovion was in deep undercover mode. How would Bob have gotten a hold of Rovion? Did he know of Rovion's partial penetration? If not, then how did they meet up? In any case, how did the two hackers exchange messages?

Is there a public slack channel where people who have partially or fully penetrated ShapeShift all hang out? Which universe am I in where this is normal and does not require some explanation?

Rovion identifies Bob by his real life name "Bob," without a moment of hesitation. Why on earth would Bob run a criminal business under his real name? Did he want to reuse his existing business cards? Even assuming that Bob is keeping a diary of his criminal enterprise this has already happened in the Bitcoin space and operating under his real name which would be a firstwhy would Rovion believe him?

Wouldn't Rovion's counterparty just as likely turn out to be someone who had compromised Bob's account? Or ShapeShift trying to trap Rovion? What are the odds that Bob and Rovion, who found each other online hacking into the same exchange, in the same way a rising comedian might find himself starring in a rom-com wooing the same woman as Adam Sandler, would turn out to be the types of people who'd use their real names and mutually trust each other?

Are we talking about a bunch of criminals who are so inhuman as to abandon their dogs, or a bunch of nice people at a Quaker gathering? Bob chooses to sell his backdoor access to Rovion instead of using it himself. Why wouldn't Bob take advantage of the backdoor himself?

It's not like he had much to lose. He'd already been ousted from ShapeShift and was already the target of an investigation. Why not split the proceeds in half, for starters? What kind of a person starts out his criminal career as a thief, and then turns into a saboteur, out to wreak havoc at any price? At the point where the sale took place, Bob's account and identity were effectively purged out of ShapeShift's network.

Per the points above, Bob wanted to sell the backdoor because he did not want to exercise it himself. How would Bob, then, demonstrate to Rovion that he wasn't just a scammer, or a honeypot operator, but indeed had a legitimate backdoor to sell? The only way he could get in was through the backdoor he had planted, the very same backdoor he wanted to sell because he did not want to exercise it.

Given that Bitcoin payments are irreversible, on what basis would Rovion pay Bob? If there is a slack channel where thieves like Rovion hang out, wouldn't it be more profitable for ShapeShift to stop running their exchange in all but name, and start running sting operations on Rovion-like thieves for 50 BTC a pop?

Rovion is a moralistic individual who not only is a thief himself, but wants to see Bob, another thief from whom Rovion supposedly obtained credentials, severely punished, for being a thief. All it took for him to adopt this righteous and godly path was a 2 BTC bounty payment and some bro-talk from Voorhees. Yes, there are value systems and codes of conduct among prisoners that are harsher than regular laws.

And yes, competing hackers may have rivalries. None of that is at play here between Rovion and Bob, two free individuals who presumably had never met before but came together and carried out an amicable exchange.

Rovion has no motivation to want to see Bob punished. Rovion could just as likely, or even more likely, be a second insider who is actively pointing the finger at Bob to mislead the investigation.

Rovion and Bob, together, have one mark: And that mark seems all too willing to believe any offered explanation, no matter the source.

Bob carries out the initial theft using his keys, even though he could have trivially used the backdoor he installed, which he later sold for 50 BTC, to carry out the same theft of BTC using the credentials of his co-worker. Is Bob a thief with malice aforethought or a complete idiot? The story needs to decide this once and tell us one way or the other, because the switches throughout the narrative are very confusing.

It could well be that Bob was negligent. For instance, he may have kept his keys on the same computers where he downloaded hacked games from the Internet. So he may have felt like he messed up, without being the actual perpetrator. In fact, the perpetrator could be a co-worker who is actively working to frame him. When he sensed that the witch hunt at the office was turning on him without any firm reason, he bailed and left his dog and his possessions behind -- someone who planned a theft would not have done that.

The racism accusation could be Bob's way of pointing out that Voorhees is fixating on Bob without firm evidence. Bob's racial background is a point of contention. Call me crazy, but I'd first figure out where all the backdoors were planted at ShapeShift before scouring through Bob's family tree.

Or more likely, I would do absolutely nothing about Bob's racial background, because 1 the law doesn't care, 2 not that it matters as far as the law is concerned, but Bob might be racially white and ethnically a minority, and 3 I'd be firm in my knowledge that there was nothing racially or ethnically motivated in any process I have ever followed. Voorhees talks derisively about Bob's competence during the period of time when Bob was employed prior to the hack.

Without knowing the intricacies of Swiss employment law, we can go on a limb and assume that Bob was not his own boss at ShapeShift, that the ShapeShift org chart is indeed acyclic like every other org chart, and that the Swiss nanny state did not force ShapeShift to extend an employment contract to Bob.

Snide remarks about Bob's competence reflect on ShapeShift management, who actively decided to hire and retain Bob until the point of alleged robbery. Bob, who had access to the entire ShapeShift infrastructure as their sysadmin, turns out to have a criminal record in Florida. It's surprising that ShapeShift hired an IT administrator and entrusted him with all the keys to the kingdom without uncovering his prior rap sheet in Florida.

Every libertarian into Bitcoin derides the government for being slow and incompetent, but even the government learned its lesson from Snowden. What's holding back this modern Swiss exchange? Do they expect a handwritten note from the invisible hand of the market? Voorhees is offering "pro-tips" to the public on how to converse with hackers.

While it doesn't matter that he is condescending towards the people who turned his exchange into their own personal piggy bank, it's a security vulnerability that he believes himself to be in command of a situation that has clearly outrun him. If you're in charge of an exchange that got hacked three times in the space of two weeks, if you're writing odes to hackers to appease their egos and paying bounties to figure out how they broke into your system and stole from you, if you're getting your "facts" from the very people who scammed you multiple times, perhaps it's time to be humble and contemplative instead of offering pro-tips to the public.

For there is indeed a learning opportunity afoot, but it's not for the public. The orange flags do not poke holes in the story, but they indicate cause for concern in the aftermath of the hack. Overall, it is clear that ShapeShift got cleaned out three times and that Bob may have been somehow involved in some capacity, perhaps through negligence or perhaps as an active participant. Overall, the entire account is what's known as a "just-so story.

A reasonable person would have no reason to believe any of it. The thought that the whole dramatic story could have been made up for publicity did cross my mind. Who here remembers the story of a bank called X. It was a tiny, little-known online bank, until it was hacked and covered in the mainstream press during the first dot-com boom.

Its popularity absolutely soared after the hack. I actually had an account on X. A virtual currency exchange that is hacked but survives to tell the tale would perhaps be seen as battle-hardened and attract customers. There are a few elements that are sprinkled around the story to raise this suspicion: It's not like ShapeShift used actual new tech like vaults. Yet, despite all these signs, I don't think what happened was just a cynical marketing ploy.

So, I'm convinced that Erik Voorhees is genuine and believes every word he wrote. Which makes everything worse. The three hacks should have taught everyone involved to not jump to the first offered explanation, but to methodically uncover, painstakingly secure, and carefully ascertain every device, every person and every part of every story.

ShapeShift is a company that offers global shape shift bitcoin charts of a variety of digital assets via web and mobile platforms. The company does not collect personal data on its customers and exchanges one cryptocurrency for another without ever collecting customer funds into company accounts, [3] which is unique among digital currency trading companies.

If an exchange fails by fault of user or company and the user does not make a refund claim within 90 days, shape shift bitcoin charts company will keep all assets.

The company was founded in in Switzerland. ShapeShift released initially on the iOS platform in Juneinitially allowing users to swap 25 digital currencies and value shape shift bitcoin charts. BitLicense ," which was released in June with the final regulations approved in August. As a result, the Shapeshift team put Shapeshift. In OctoberShapeShift's privacy policy stirred controversy when it was revealed that, although the company "requests as little information as possible in order to enable blockchain asset exchange.

To exchange cryptocurrencies with ShapeShift you do not need to give them any personal data like your name, your location or your email address.

You just send funds to a specific address which serves as both an order and a receipt. We do not obscure any information. From Wikipedia, the free encyclopedia. ShapeShift Type of site. What makes ShapeShift unique is that exchanges are instantaneous and require no personal information. Retrieved May 8, Retrieved from " https: Companies of Switzerland Digital currency exchange Swiss companies established in Bitcoin companies. Use mdy dates from June Articles containing potentially dated statements from April All articles containing potentially dated statements Pages using infobox website with unknown parameters.

Shape shift bitcoin charts Read Edit View history. Languages Italiano Edit links. This page was last edited on 8 Mayat By using this site, you agree to the Terms of Use and Privacy Policy.

Why the government unpublished the source code for Shape shift bitcoin charts. You can also configure this automated trader to handle hundreds of smaller transactions in a day. In addition to entirely new material dealing with the recent developments in the field, the text has been shape shift bitcoin charts to simplify the presentation.

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