Topic: Bitcoin-24.com matching engine seems broken, site down. - page 13. (Read 64428 times)

better an honest amateur than a stealing professional...

i got 70 btc on my btc24 account. i have the feeling it will be resolved. die hoffnung stirbt zuletzt... (hope dies at the very end only)

To my best knowledge, the address for international deposits changed ~a day before the trading engine problem became obvious, so there isnt necessarily a direct connection. Both (bug becoming evident and administration starting investigation) might have be triggered by the large amount of transactions on the day of the boom, though.


Admin says he is working on that.

Hi
I can't understand 2 things:
1)What does the bank issue has to do with the trade engine bug....as I saw the site was put offline as soon (I hope the fastest possible) someone make the bug notice in the site chat but then the comes out the message informing us "The Polish authority closed our Bank account in Poland" "All funds are safe." etc. I mean no reference to the trade engine bug and if "all bitcoin" are safe....

2)why isn't given the possibility for those no have been effected by the trading engine bug (I figure and I hope there will be many! for example those not having made a trade let say from the day before) to bring the btc out of this shit....

Best thing of all would be proper announcements on the bitcoin24 site itself, not on all these other sites.

That would be the proper way to do it.

[00:38:40] TAiS46: what about transactions before turning off webist ? If i sold my btc there were sold or not ? I got 3x euro for that trade, does it mean i still have that bitcoins, or i have sold them and got correct euro amount ?
...
[00:39:34] zewelor: they will be canceled and are restored.

So does this mean that I never really sold my BTCs?? And I will be able to withdraw bitcoins without worrying if the bank accounts will be unfrozen? What do you people understand?

(I am not zewelor btw)..

EDIT:

[00:40:36] TAiS46: I received a SEPA withdrawal confirmation email on April 4 but I haven't received the money. Is the money safe?
...
[00:42:19] guidebook: the money is safe and I know wich transactions are not leaving the bank account! they will be reset!

If they would post their own names and nicknames on btc24, reddit and here - at least that would be an indication that everything is real.

And best of all - if there would be an announcement topic here by a reputable user. Then all curtains would fall immediately.

But as of yet, I'm considering...

A website has been set up as a central point to help people affected by the bitcoin24 closure.

I found this site via a link on the kuttler.eu site.

Far as I can see this appears to be a genuine self help site, not any phishing attempt, but use at your own risk.

http://btc24-help.com/

the site is in english and german.

It should be clear to everyone, but just to be sure:

do not email any user names or passwords, including on any screenshots or pdfs etc that you might send to anyone.

Also beware of shysters setting up bogus "bitcoin-24" sites which look the same but which have slightly different URL names, eg bitcoin24.co or bitcoin24x.com, bit-coin24.com, etc etc.

Before you enter any logins into any bitcoin24 type sites, check the URL address in the browser before doing so. Don't just look at the logos on the screen.

Simon should himself be warning people about this.

Also I think he should be putting his "updates"  on his bitcoin24 site and only on the bitcoin24 site, instead of scattered around on reddit or IRC.

All this stuff on reddit etc remains indexed by Google for posterity which isn't good for his business name.

If it was on his own site, he can delete it after the crisis (assuming there is an after...)

see:



IRC LOG HERE:

http://area404.nl/irc/%23bitcoin24/2013-04-16.html


In the chat he says he has rolled back the transactions in the trading engine, and also says he will reset everyones password due to the phishing...


Shame that there isn't a clear cut solid single line of communication, but that's how it is...


things are looking better, not 100% positive but better - I won't summarise the IRC chat for you as it took me ages to read it but just expect developments in the next few days

I believe people ask too many questions and don't provide enough information.  Simon is one guy, and I'm worried that important information he should know is getting lost among all the questions in his honest good faith efforts to do the right thing.  There are two important things that he might not know about:
1) Some transactions probably have put extra bitcoins into the hands of some dishonest members.  The status page currently says "All withdrawals will be gradually processed chronologically from another bank account." - which seems to apply only to fiat.  The same logic could be applied as a rough approximation of what should happen, but it would be better to identify and unwind duplicate trades - and even audit the last couple days of trades - before sending anyone bitcoin.
2) There is a phishing site trying to take advantage of our problems (the one with the same domain, but with the X at the end).

If anyone has proof that he's aware of these things, please share it.  If anyone shares my concern that he isn't, let's work together to make a highly visible single message rather than several individual attempts.  I suggest copying the link to this comment and labelling the link "2 things from Scotese".  Then he only has to read it once.

If anyone has a name he'd recognize and respect more than mine (he has no idea who I am), let me know and I'll edit this post to use your name instead so he's more likely to check it out.

that's the cold storage address, he keeps funds there for security and shifts them to the hot wallet (https://blockchain.info/address/1BTC24yVKQdQNAa4vX71xLUC5A8Za7Rr71) where they are sent out for withdrawals. the hotwallet is currently empty so no withdrawals can be made. but in that IRC log just posted he said he is aiming to bring the site back up in part with just a withdraw BTC function. perhaps he is consolidating all coins from various accounts into one place for now and will move funds into the hotwallet in preparation for the rush of withdrawals.

Mine too - though several hours later than yours. (I've read your post in the morning and back then my money were not moved yet.)

My funds were transferred to this address:
https://blockchain.info/address/1AnixjBYxpTzAmfSa8kRdBiUaSGV2e9d26

This is huge... Maybe this address collects all the funds deposited. "Total Received    393,790.81050737 BTC"

Something's happening...

The owner is on IRC right now answering questions.

Here is a log on Reddit:

http://www.reddit.com/r/Bitcoin/comments/1cf6jy/update_bitcoin24_users_will_most_likely_be_able/

yes i was under the assumption that the hotwallet would start paying out once it had funds (or a transaction from certain addresses?) but it's a bit disconcerting that there's been no announcement about it, and it's clearly going to need a LOT more input to clear all the pending withdrawals.

looks like the rollbacks have been done though:
so perhaps btc can start moving out?

That is indeed very strange. I have a eye on all the wallets and I did not understand that move at all. All I can guess is that it was some kind of automatic payment, because of course there is now money paid out that was falsely created by the bug. Also 450 BTC is not a tiny sum of money... To be exact at that time it was 45.000$. Fucking bad move, simon. Fucking bad move.

has anyone mentioned the hotwallet activity last night?

it was funded (465 BTC) by 1EhyE3zD47RcCMvGRcEaw83G7qBF6wUT54:
https://blockchain.info/tx/4b1f4714ae21662f3cd7e6d03d3f1f4f94eeff3c6ef460a7536f006e7d320d1d

then cleared out again over the course of about a minute!

has anyone affected received any BTC from the hotwallet?


1EhyE3zD47RcCMvGRcEaw83G7qBF6wUT54 has previously sent BTC to the hotwallet:
https://blockchain.info/tx/fb422bd519657214dbc17c809e9736c2ce139534d92678bc6d12bb1d06756338
https://blockchain.info/tx/7c7402c8366d3024a5d5617462cc76a8d325cc3cefff9710c0ec3f01d69ab37b

and also one of the cold wallets
https://blockchain.info/tx/832b8ed1ec37bd02346e7fd8868e6fac8dd7f53781ef48343eac22e7c79fb38b

What I really hope right now is the following.

Simon has better legal resolution skills than Simon's programming and communication skills.

Of course, Simon in coupe with his lawyer and the rest of his team (about the first part).

I believe looking at the situation in a grim mood is not helping, so I try to keep positive.

Don't know if people are aware of this site, has some information about the situation with bitcoin24:

http://kuttler.eu/post/what-happened-bitcoin24/


EDIT: some further information to be found here: https://www.facebook.com/bitcoin.24/posts/622449231101962?comment_id=7172850

It rather corresponds with what darnth already said.

6.37 at $235... so I guess not a lot by most of your standards.

BUT relatively speaking this was a fair chunk of money for me as I'm still a student.


I only have myself to blame but I thought it might be an interesting share for those who were a bit more careful with their money and still ended up in this situation.


It's all rather ridiculous really

Quaint phrase?  Have a history lesson with Lysander Spooner: An Essay on the Trial By Jury

Good point on the "money for terrorism". I personally find it ridiculous that its attached to "money laundering/ ..." in every official instance (big fish and 99.9999% are still just illegal non-terrorist business id guess), but thats the state we are at , with all the resulting paranoia.

The problem for TAiS46 is probably that if there are even a few suspicious transactions (as the example he has given, money from hacked bank accounts being wired to his account to buy BTC), the only thing he can tell authorities is that his site made it disappear anonymously (not having used verification). So its hard to convince them he actually didnt have anything to do with it, and innocent until found guilty is a bit problematic in application if he is (probably) found in violation of regulations.

And yep, BTC wise, if he manages to sort out the multi-transactions (just some time/help) he should technically be able to send at least the majority of them back.