Topic: Bitcoin-24 scams - page 3. (Read 5986 times)
Thank you but you don't need give me money
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
I'm really sorry to hear you have been the victim of fraud 
I have had good experiences with bitcoin-24, and I do have the impression the owner is honest, however I believe your story and I am really sorry that this happened to you
Thank you for warning me about the danger of holding coins at that exchange. Can I tip you for that?
I have had good experiences with bitcoin-24, and I do have the impression the owner is honest, however I believe your story and I am really sorry that this happened to you
Thank you for warning me about the danger of holding coins at that exchange. Can I tip you for that?
Last Saturday there was an issue with my bitcoin24 account and my bitcoins was sold by someone else. The administrator TAiS46 sent me an email late at night asking if the order was mine and if I had place the order by mistake. I replied that it wasn't and since then nothing has been done. Since then I have tried to work with him about the issues they have but I after almost a week I have gotten nowhere.
I want my money back and also want to warn others about this site.
Nothing has been done though. (Not that "some" of my bitcoins would be satisfactory)
The issue is very serious. Someone used my api key and sold all my bitcoins (>500 !) in my account on the dollar market causing a flash crash. The price went down to $0.14, and the average price ended up around $18.
No sanity checks was made by the system. It happily sold everything.
The sell order was obviously not placed by me because the two IP numbers used was not mine, and both were TOR exit nodes.
The perpetrator didn't get the api key from me, because it is stored on disk encrypted by aes. It is only decrypted by the script I use from time to time. I also have an unencrypted wallet on the same machine which would have been empty if someone got access to it.
My web browser is running in a virtual machine, and if someone got the api key from my side it must have been while being logged into bitcoin24. How that could have happened I have no idea.
More likely, I think, is that the exchange itself is compromised. I have realized now that I am not the first victim of this. It has happened several times before. As recently as two days earlier the same thing happened three times to someone else. As a matter of fact, the exchange have a history of outlier trades. I have even been on the winning side once, but the trade was reverted a few days later.
Here is the USD market for the last three months:
http://bitcoincharts.com/charts/btc24USD#rg90zigHourlyztgSzm1g50zm2g25zl
and the EUR market
http://bitcoincharts.com/charts/btc24EUR#rg90zigHourlyztgSzm1g50zm2g25zl
The exchange is apparently run in a very sloppy manner. The trade history does not match the current balance, and sometimes trades just disappear. I starting to suspect that TAiS46 is using client funds for his own purposes.
In any case, there is no way an audit could even be made. The data is not there.
I want my money back and also want to warn others about this site.
Quote
I will try to restore your offer and get some BTC from you back.
But I can't promise it to you.
But I can't promise it to you.
Nothing has been done though. (Not that "some" of my bitcoins would be satisfactory)
The issue is very serious. Someone used my api key and sold all my bitcoins (>500 !) in my account on the dollar market causing a flash crash. The price went down to $0.14, and the average price ended up around $18.
No sanity checks was made by the system. It happily sold everything.
The sell order was obviously not placed by me because the two IP numbers used was not mine, and both were TOR exit nodes.
Quote
2350752 2013-04-01 18:13:24 5220 create ask api Price: 0.14 Amount: 566.09140204 Offer: 2440971 89.168.113.128
/.../
2340895 2013-04-01 16:26:43 5220 cancel trade api BTC back - Price: 0.10000 Amount: 566.09140204 Offer: 2435765 92.23.89.9
2340859 2013-04-01 16:22:49 5220 create ask api Price: 0.1 Amount: 566.09140204 Offer: 2435765 92.23.89.9
A strange detail is that the thief tried to sell twice but the first attempt wasn't succsessful. I have not received a reason for that./.../
2340895 2013-04-01 16:26:43 5220 cancel trade api BTC back - Price: 0.10000 Amount: 566.09140204 Offer: 2435765 92.23.89.9
2340859 2013-04-01 16:22:49 5220 create ask api Price: 0.1 Amount: 566.09140204 Offer: 2435765 92.23.89.9
The perpetrator didn't get the api key from me, because it is stored on disk encrypted by aes. It is only decrypted by the script I use from time to time. I also have an unencrypted wallet on the same machine which would have been empty if someone got access to it.
My web browser is running in a virtual machine, and if someone got the api key from my side it must have been while being logged into bitcoin24. How that could have happened I have no idea.
More likely, I think, is that the exchange itself is compromised. I have realized now that I am not the first victim of this. It has happened several times before. As recently as two days earlier the same thing happened three times to someone else. As a matter of fact, the exchange have a history of outlier trades. I have even been on the winning side once, but the trade was reverted a few days later.
Here is the USD market for the last three months:
http://bitcoincharts.com/charts/btc24USD#rg90zigHourlyztgSzm1g50zm2g25zl
and the EUR market
http://bitcoincharts.com/charts/btc24EUR#rg90zigHourlyztgSzm1g50zm2g25zl
The exchange is apparently run in a very sloppy manner. The trade history does not match the current balance, and sometimes trades just disappear. I starting to suspect that TAiS46 is using client funds for his own purposes.
In any case, there is no way an audit could even be made. The data is not there.
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