Shape shift bitcoin charts
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 first , why 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. The company was founded in in Switzerland. ShapeShift released initially on the iOS platform in June , initially allowing users to swap 25 digital currencies and value tokens. BitLicense ," which was released in June with the final regulations approved in August. As a result, the Shapeshift team put Shapeshift. In October , ShapeShift'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.