Dogewallet hacked - 21 Million Dogecoins stolen | Hacker News Reader

Dogewallet hacked - 21 Million Dogecoins stolen

doges.org

98 pointssvenkatesh39 comments

    so hacked            such sneak
                bai coins
    gone, wow.                many tears
                 no doge

If only HN allowed Comic Sans

$ jp2a ~/doge-tear.jpg > hn.txt

Oh wait, wrong audience.

This might be the only time you'd be able to get away with such a comment on HN!

Dogewallet had been engaged in several sketchy security practices, such as not using https. It's unsurprising that funds were stolen.

It will be interesting to see if security flaws like this cause as big a splash in the Dogecoin community, since it's sort of a big joke anyways.

Here's the explanation from Dogewallet http://www.reddit.com/r/dogecoin/comments/1toz92/dogewallet_...

"the attack originated from the hacker gaining access to our filesystem and modifying the send/receive page to send to a static address."

Learning that it was hacked is far less shocking than learning that someone actually gave a shit.

I'm surprised to see that some people were actually using this...

Dogecoin... Very irreversible. So sorry.

It even has a black market in the works "Doge Road":

https://bitcointalk.org/index.php?topic=383053.0

Lol I love the "such jail many prison" comment. That is a horrible idea.

Bitcoin, Litecoin, Peercoin, Ripple, Namecoin pretty soon we'll have more digital currencies than standard ones.

I'm kinda waiting for redditcoin to show up to the party.

It's like railroad gauges.

The thing about using a coin that was made for a joke, is the risk of non-serious developers and weak security.

My confidence in dogecoin as a viable alternative currency has been shattered.

Kind of what you get for attempting to speculate on a meme currency...

Why anyone would use an online wallet is beyond me. Yeah your personal computer could be hacked, but a website with thousands of wallets and millions of coins is a much larger target.

If you're day-trading, it's faster to stay on an online wallet. If your coins are offline, you may have to wait anywhere from an hour to more than a day for confirmations before you can use them online. When Litecoin prices started climbing today, I had to quickly get my Litecoin client up... resynced and send some coins to btc-e.com and wait for _six_ confirmations on the blockchain before I could sell/trade them. I'm just lucky I didn't miss the spike.

That said, I'd rather risk missing out on peaks & valleys than suddenly losing thousands due to these kinda shenanigans.

The DOGE market on Cryptsy has held its value. The 21M stolen coins pale in comparison to even a single day of trading - last 24 hour volume report say 973M coins traded.

The number of people in this discussion not understanding a difference between a web wallet and a coin is too damn high...

21 million? Interesting number

To put things into perspective it's ~USD 13000 (1dc= 0.00062$), combined. Not saying that it's not a serious matter. OP on the forum lost $600 which is sizable. But Dogewallet have stated on reddit that they will return all the investment and close down the site, which might arguably be better customer service then we have seen by Coinbase lately with much more money from individual investors at stake.

Any ways, if cryptocurrencies are to be taken seriously and formally, these entities have to up their customer services, at least to a BOfA level, which isn't much to expect ;)

I suspect the "joke" is that the maximum possible number of bitcoins is ~21m.

Ah! Now I feel stupid. Haha

So almost nothing compared to the current 8.3 million USD market cap of DOGE overall. This is a nonstory^2.

Does this crypto-currency have a chance of taking off?

Yes, because it has a good story behind it.

I wonder if blockchain.info was hacked, how many bitcoins would be stolen, and if that would be enough to undermine the currency, or if bitcoin would move forward with the ownership even more centralized among early adopters, thieves, and speculators.

(Yes, I know it's a javascript wallet - that doesn't mean it can't be hacked.)

Interesting how this post fell to 20th place in its first hour, whilst receiving over 50 up votes... Something tells me the way this is getting voted could be sketchy. Unless, of course, people aren't clicking the link through and just commenting/voting.

People flagging might also account for it

Isn’t it possible to trace the stolen coins? Wouldn’t it be a risk for the thief to spend or exchange any of it?

And the world spins on. I thought insecurity was an intended feature of dogecoin anyway.

It's pretty funny that enough people believe DOGE has value that the market cap is 11,768.50 BTC (8.3 million USD).

http://www.cryptocoincharts.info/v2/coins/show/doge

Then again, the number of people that bought Icanhaz merchandise eg crap was nontrivial.

Didn't this service just launch too?

What happened to bearer certificates?

wow

hahaha

Ya dawgs go lawnch another virtuale coin'n get h4ck3d dat easy and komplain.

I thought that this was a joke digital currency. Literally the only other place I've ever seen it mentioned was on 4chan.org, where the threads about it made very clear that the point of dogecoin was to try to get speculators to drive up the price so that the coins could be dumped for a profit. This story is hardly newsworthy.

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