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Detail Analysis

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Date:

Status:

Count:

Contributor:

July 31, 2011

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Verified

1

zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

226,950

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Recovered Amount:

-

Currency:

Dollars, BTC

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Bitcoin

Exchange

Assets

Poor Key Management

Extended Method:

Lost private key, no back up

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Bitomat was a Polish Bitcoin exchange that shut down around the same time as MyBitcoin, claiming to have accidentally deleted users’ 17,000 Bitcoins and declaring itself up for sale for that amount before resuming trading shortly thereafter. Supposedly, during a server restart, the remote Amazon service that housed Bitomat.pl’s wallet was wiped. No backups were kept, and Mt. Gox later bailed out Bitomat.pl. Ultimately, neither the exchange’s customers nor the original owners suffered any loss from the incident.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.