Topic: [ANN][BETA][EXCHANGE][REALTIME] CoinEX realtime exchange - page 60. (Read 283777 times)

he needs to post a list of what was stolen. So we can judge what markets will be dumped

rumour is 2 billion Lottocoins were dumped over 2 days following the theft

Well if this is the case, then can you please answer my previous question?  How long did it take to get your stolen account balances refunded from them in the previous fiascos?  I think some kind of ETA might help to put my mind at ease a bit...but 8 word twitter updates every few days form coinex directly isn't exactly helping ATM.

I'd be just as happy if the pools were down. I put it at the bottom of my list and coinex gets the connection first [every freaking time ]. I'd love to hope cgminer or some other competitor would have an easy disable feature to stick in my config file when something like this happens.

I don't want to add more mining to coinex till all this is worked out. My luck is as a start they'll regenerate all wallet addresses and I don't want to accidentally add to fudging coinex coming back up.


Me too since I never got the api to work with apps like "bitcoinium" and  "coin pool monitor" that don't use secret code yet. I'd figure the wallets should be down anyway while they secure them , potentially.

I believe they spent/spend alot of money getting licenses etc and intend to exchange to dollars at some point

If USA were to outlaw, they would be driving a global business off shore which doesnt sound especially profitable for a country centred on high finance

Im interested on checking my coinex.pw balances as I cannot remember how much I had there, I dont think much but cant we check on a disabled site.   It would help move towards restoring confidence, etc

Evidently you didn't do your homework on Cryptsy:
Project Investors Inc. FinCEN BSA ID: 31000027060819 <---- Found in 1 second on the footer of their website!

yep.. if coinex wants to try this route im sure they can figure something out. crypto exchanges in general should be doing this. it will help mitigate attacks before they really happen. there's alot of undocumented hacks out there exploits and vulnerabilities that arent public and held exclusively by those who figured them out themselves.

A honeypot trap.

if you want to set traps ud need to code something that simulates the environment when a hacker logs in and log all the commands he attempts to perform on the database etc. a dummy network relatively easily accessible to the hacker. before he realizes it he would have given away his hacking method without achieving a thing while he sits and waits for stolen btc to deposit that will never arrive lol.

basically, an easy access network that looks just like a real one but all with dummy figures and no real currency. any attempts to hack the site or network should find the dummy network first. the real network should be well hidden.

The atleast need to take that damn maintenance mode off the website and write a formal apology, also there plain for getting the money back. It would gain a little more respect possibly. 

I myself am not taking a side to screw coinex.pw or help them as of right now.

Rather than paying someone else for insurance they could (self insure) create an escrow account and store it in other ways at two or three other places and in Yen and gold and CD's.

If they have a 2% fee on trades and mining then they could dedicate 10% of that to an escrow of up to 20% of the customer wallet they are holding. And once reached use the 10% to beef up and maintain the security.

More importantly is having someone really smart that's dedicated to the security issues. They can deflect and minimize and then hopefully stop a hacker cold. They can set traps and trackers to help catch them. the possibilities are out there to stop them or at least trip them up and catch them, but if they aren't trying then it won't happen.  

They had a great thing going and I'd hate to see the site become history, I have had fun trading there.  
  

Awesome update CoinEx.

Any news about Coinex.pw? Still down and no formal announcements?

im not a new account and thats because coinex was the best place to trade and have a beer.

good times


captainfuture was always in the chat ready to help anyone, but tickets kinda had a backlog...and before the site was slow as shit...but it was the best

lets just hope they figure something out

calm down. ive been through the loop with coinex in these situations more times than one. if they say everything will be fine, it will be. if they say they will be online soon.. they will be. if they said you havent lost a penny because ur covered.. that's the way it is.

btw bitcoin based insurance is a brilliant idea.. hope you guys can achieve that deal. its what mtgox shouldve done. but if u guys achieve this it will really be a big win not only for bitcoin but for your exchange. Best Wishes to Coinex team.

and cut your wife a deal.. since she is ready to punish you for losing, she should reward you for everything being alright ;p

Yea dude wife is ready to kill me over this 

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BTC: 15oJ5vJcZdjmiih4YMNVcPrfMYMSNaV87f

OH..my bad...   COINEX is an illegal money transmitter... what the fuck was I thinking by pointing out that Cryptsy was going down this same tube as COINEX and Mt Gox and [insert name of next one here] ....

omg cant believe these new accounts spending so much positive about a website who has apparently no answer to what has happened to questions, which coins were stolen? which coins were not? If not all coins were stolen, then refund us? or at least make a list of who the fuck lost how much? is it too difficult? creating this bogus accounts to post positive things is a doubtful thing to see. Hope I get my 4M or 5M whatever I had of those zeitcoins.

Thank God you are not an attorney.  I was starting to get worried there.  Way to 1) hijack a thread and change the topic and exploit the number of hits the thread is getting and 2) spread an unbelievable load of manure and FUD.

And "An exchanger is a person engaged as a business in the exchange of virtual currency for real currency, funds, or other virtual currency."

Hmm. Looks like you're right. Thanks. I actually pulled everything (which was less than 1 BTC, which I put there mostly to buy some NMC) out of Cryptsy a few days ago because of the general bugginess of the site. Glad I've done so.

Part of the confusion is related to definitions.  Under FinCen, crypto exchanges like Coinex, and Craptsy are not currency exchanges, they are money transmitters. << Big regulatory difference.

"However, an administrator or exchanger is an MSB under FinCEN's regulations, specifically, a money transmitter," -  http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html - paragraph 1

This is the hook.  Craptsy is a Money Transmitter and the rules are very tight on these guys (I know first hand, since I am a Federallylicensed MSB).  They are the same BSA rules as bank have.  Legally, opening an account with Craptsy should be no different than opening a bank account.

Here is Definition of Money Transmitter.  I highlighted in red for emphasis.

"(A) A person that provides money transmission services. The term “money transmission services” means the acceptance of currency, funds, or other value that substitutes for currency from one person and the transmission of currency, funds, or other value that substitutes for currency to another location or person by any means. “Any means” includes, but is not limited to, through a financial agency or institution; a Federal Reserve Bank or other facility of one or more Federal Reserve Banks, the Board of Governors of the Federal Reserve System, or both; an electronic funds transfer network; or an informal value transfer system; or
(B) Any other person engaged in the transfer of funds."  - http://www.law.cornell.edu/cfr/text/31/1010.100 - 31 CFR § 1010.100(ff)(5)(ii)(A)-(F)

/fasbit