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Author Topic: LQD/EIX Loss of FOREX Funds  (Read 4971 times)

LibertyNow

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LQD/EIX Loss of FOREX Funds
November 26, 2015, 04:45:58 pm

For Immediate Release on Behalf of LQD and EIX on Nov. 26, 2015, 16:45GMT -

   With sadness, I have a disappointing piece of news to release to LQD and EIX investors. On Nov. 25, 17:42 GMT, Mike and Mr. Slave's computers were penetrated via a Trojan back door program. For the next 3 hours, all of their forex accounts (personal and LQD/EIX) were traded to empty and all crypto accounts were emptied (assets sent to Genesis) or transferred away (Bittrex/Poloniex/etc.). The LQD forex account lost $21,970.20 and EIX forex account lost $6,863.45. Personally, Mike and Mr. Slave lost almost everything they had.

   When this incident was discovered, Mike immediately contacted their brokers, but because the trades had already been closed, there was nothing they could do except investigate. This investigation is still pending. Today, Mike filed a report with the police department and was told that the organized crime department would also open an investigation.

   After the hacker completed this malicious act, he left the message saying:

"You were right Mike, Trading is hard,but so much fun. I hope you and your slave boy can fix this... XOXO”.

We believe this was someone familiar with the NXT community and more specifically in Supernet Slack. If you recognize this style of writing or have any information on who this might be, please let us know.

   The loss to EIX and LQD was both approximately 20% of total funds, so it’s not devastating, but will take a while to rebuild. Obviously, there will also be a loss of forex income as we decide what to do going forward.  The rest of EIX and LQD funds are safe and business will continue as usual.  Once I determine LQD’s new NAV, I will place a buy wall there for anybody that would like to cash out.  LQD divs will payout as currently specified on http://liquidtech.info/summary. Mike and Mr. Slave are trying to figure out the best way to get back on their feet and hope to repay as soon as possible.

   Once again, please accept our sincerest apologies and we will continue to post updates as more information surfaces. Mike has delivered his computers to a friend who will be running analysis in an attempt to figure out the vulnerability. 

All questions are welcome either here on nxtforum.org, or on Supernet Slack.  We will be creating the Slack channel, “lqd-eix-forex-hack” to handle questions about this incident.  Personally, I will be unavailable most of the day as I’m trying to celebrate Thanksgiving with my family. However, Coinomat, Mike and and Cassius will be available today, and most of us over the weekend. We will field questions as we can. In the spirit of transparency, we wanted to release this information as soon as possible.

Sincerely,
LibertyNow, Cassius, Mike
« Last Edit: November 26, 2015, 04:48:26 pm by LibertyNow »
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

Cassius

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 04:57:26 pm

Watching to keep track of discussion.
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Tecem

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 05:05:11 pm

Yesterday there where a lot of bad trades on the summary page. all fxUSd. The summary showed -7 next per asset profit. There was a question about it yesterday and it wasnt answered. It was just deleted from the summary page.

It looks very strange since there was a lot of loss on the same fxUSD trades before.

prometheus

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 05:26:38 pm

was the 50k buy wall @ 62.57 put up for this purpose?
« Last Edit: November 26, 2015, 05:44:11 pm by prometheus »

cryptoventurefund

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 05:47:32 pm

was the 50k buy wall @ 62.57 put up for this purpose?

Yes. NAV was recalculated and we give anyone who wants to get out a chance to do so at real NAV. Forex was just a small part of both LQD and EIX. The assets are more than fine even without. I suggest you second guess if you decide to cash out.
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prometheus

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 06:30:10 pm

was the 50k buy wall @ 62.57 put up for this purpose?

Yes. NAV was recalculated and we give anyone who wants to get out a chance to do so at real NAV. Forex was just a small part of both LQD and EIX. The assets are more than fine even without. I suggest you second guess if you decide to cash out.

if forex was 20% of LQD, why is the wall set at close to 40% under the initially offered price?

cryptoventurefund

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 06:42:44 pm

was the 50k buy wall @ 62.57 put up for this purpose?

Yes. NAV was recalculated and we give anyone who wants to get out a chance to do so at real NAV. Forex was just a small part of both LQD and EIX. The assets are more than fine even without. I suggest you second guess if you decide to cash out.

if forex was 20% of LQD, why is the wall set at close to 40% under the initially offered price?

i will leave that answer to libertynow . i wouldn't want to say something stupid in the psychic state that i'm in.
he will be with us soon and answer your question.
you know we would never do anything that will hurt our investors
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prometheus

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 07:23:23 pm

was the 50k buy wall @ 62.57 put up for this purpose?

Yes. NAV was recalculated and we give anyone who wants to get out a chance to do so at real NAV. Forex was just a small part of both LQD and EIX. The assets are more than fine even without. I suggest you second guess if you decide to cash out.

if forex was 20% of LQD, why is the wall set at close to 40% under the initially offered price?

i will leave that answer to libertynow . i wouldn't want to say something stupid in the psychic state that i'm in.
he will be with us soon and answer your question.
you know we would never do anything that will hurt our investors

sounds good

this might not be clear to you right now, but you'll both come back stronger and better. just got to make it through this dismal period; keep your head straight and take a break if it gets overwhelming. all things pass...
« Last Edit: November 26, 2015, 07:40:41 pm by prometheus »

OutSL

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 07:29:45 pm

 :o
sorry to hear and read that, it's message shows that he know you and targeted you from the beginning and for a long time... it may have trapped you with a link or an email... can you give us some infos about this trojan?
I hope the police will catch this grimlin and that you will recover the loss  :(
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cryptoventurefund

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 08:23:57 pm

:o
sorry to hear and read that, it's message shows that he know you and targeted you from the beginning and for a long time... it may have trapped you with a link or an email... can you give us some infos about this trojan?
I hope the police will catch this grimlin and that you will recover the loss  :(

no trojan or any trace was found yet. my harddisks are being checked now file by file hoping to find any lead ... i'll keep everyone posted as soon as i get any info
NXT-SBSP-BPHH-E7BR-9USXU is promoting the use of NXT in the real life, see : http://www.NXTtracker.com...
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OutSL

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 08:59:23 pm

:o
sorry to hear and read that, it's message shows that he know you and targeted you from the beginning and for a long time... it may have trapped you with a link or an email... can you give us some infos about this trojan?
I hope the police will catch this grimlin and that you will recover the loss  :(

no trojan or any trace was found yet. my harddisks are being checked now file by file hoping to find any lead ... i'll keep everyone posted as soon as i get any info

verify your browser too! plug-ins, extensions... if you use google chrome start from it because it's have keylogging stuff bulit on it... i read that exist some plug-ins for cryptos and NXT...  ???
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barbierir

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 09:06:15 pm

I'm not an investor but such story really sads me  :-[   I hope you can discover how the hack happened and the police find the s.o.b.

farl4bit

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 11:28:21 pm

Very sad to hear this.  :(

Too bad people don't respect the work and funds you put in this project. Sad cowards imo.  >:(
I hope the police can help and put them in jail.

JohnHolmes

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Re: LQD/EIX Loss of FOREX Funds
November 26, 2015, 11:52:58 pm

I feel for you guys, a very bad day, I hope the cops catch the hacker and you get some of your $$ back.

The OP mentions LQD and EIX only, was KAPPA funds taken too?

dude

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Re: LQD/EIX Loss of FOREX Funds
November 27, 2015, 05:46:27 am

I would suggest to start using 2FA.

LocoMB

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Re: LQD/EIX Loss of FOREX Funds
November 27, 2015, 06:45:30 am


could this be a motivation for you guys to map your setup(s) and from there on work towards a 'best practice guide on how to avoid being hacked'?

obviously, with damage being done, at least trying to identify how it crept in in order to use a better setup next time could be helpful.

that said, the most ominous question is: what OS did you use?
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testdruif

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Re: LQD/EIX Loss of FOREX Funds
November 27, 2015, 07:50:35 am

The news is sad, very sad indeed.

I am sure that more than just my heart goes out to you and everyone affected and we all hope you all will recover from this! (not just from a financial but also personal point of view).

That being said, I would like to ask everyone to refrain from making this a "lets play cyber detective" topic with tons of suggestions about security of where it could have gone wrong.
And keep this topic on track and about the issue. (people got their lives ruined and need support and clarity)

  • As the message left by the attacker shows, it was an attack targetted specifically towards a few people.
  • The security measures in place were probably sufficient to ward of general automated attacks (botnets, virusses, worms) but if someone is out to get you there is always a way... (if I want to break into your highly fortified house I can buy a tank and break down your door)...
  • Given the use of certain services that do not provide water tight security for authentication (exchanges,...) there was very little that could have been done to prevent this.

I am sure that the investigation will shed some light on the vector of attack and steps will be taken to prevent this kind of attack in the future. (whatever they may be).
Security should be handled as a whole and not just one piece of advice that covers one attack vector.


I wrote this post because I do not want to see this topic go towards "maybe use this, maybe use that, no don't use this, etc and keep it about the people affected
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Cassius

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Re: LQD/EIX Loss of FOREX Funds
November 27, 2015, 09:21:42 am

Thank you testdruif.

It is clear that this was a targeted and malicious attack. It wasn't opportunistic theft. The hacker had enough control of the computer to leave a message in notepad on the screen. 2fa would not have helped here. This was not a 'normal' attack.
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EvilDave

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Re: LQD/EIX Loss of FOREX Funds
November 27, 2015, 09:26:19 am

+1 to TestDruif.

No-one needs speculation based on nothing right now, what Mike and LibertyNow need from us is some support.
I feel almost ashamed that something like this can happen within our community...... :'(
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Re: LQD/EIX Loss of FOREX Funds
November 27, 2015, 09:37:52 am

+1 to TestDruif.

No-one needs speculation based on nothing right now, what Mike and LibertyNow need from us is some support.
I feel almost ashamed that something like this can happen within our community...... :'(

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