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Comment by codesuela | Hacker News Reader

I would've thought that no one would keep using Bitconica after their first major breach but here I am, shocked by the fact that people still kept trusting them with their Bitcoins

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Yeah, I just don't get how this is possible. The first time, sure, people just get caught off guard. But after that?

Send your bitcoins to me, people. I'll never give them back, but at least you'll know where they are.

Nobody is using bitcoinica. Everyone is seeking refunds.

Edit: Bitcoinica is still in the process of refunding everyone from the last breach when this happens.

That's worth pointing out.

The site has been offline for months, lots of people are simply caught waiting for a refund.

So basically there's nothing they can do now, if Bitcoinica's operation gets hacked again (their MtGox account this time).

I've lost count of how many times they have been breached. Why don't they get independent pen testers and get them to test their system? Surely paying a pen tester $5k is much better than the amount of negative publicity you get when you lose $350K

Three times apparently (from the forum):

  Feb ~ 200k USD
  May ~ 91k USD
  Today ~ 300k USD

Someone is going to buy a lot of drugs.

Please go back to reddit.

"Surely paying a pen tester $5k is much better than the amount of negative publicity you get when you lose $350K"

Depends upon who you're "losing" the $350k to.

Surely paying a pen tester $5k

Can you get a pen tester for $5k? I'd have thought they could command higher rates

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