bitgrail - treating their users like shit - page 3.

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: japakar on February 18, 2018, 04:29:43 PM

Hah thats funny, I for some stupid reason thought Bitgrail would be responsible for the money I put there.
There goes 90% of my crypto money. =/
and yep the million useless typical responses of you should of. Thanks in advance, no need to post em.

NEVER keep your "investment" coins on an exchange. Only keep what you trade. I also used Bitgrail for buying XRB because it was the only properly-functioning exchange supporting XRB at that moment. But I immediately transferred the coins to my wallet because I wasn't planning to sell them soon.

I have seen people getting burned in MtGox, Cryptsy, Mintpal & now Bitgrail; and I never trust any centralized exchange with the coins I can't afford to lose.

lifetimebitcoins

newbie

Activity: 210

Merit: 0

Quote from: MiningSensei on February 18, 2018, 06:34:54 PM

Quote from: japakar on February 18, 2018, 04:29:43 PM

Hah thats funny, I for some stupid reason thought Bitgrail would be responsible for the money I put there.
There goes 90% of my crypto money. =/
and yep the million useless typical responses of you should of. Thanks in advance, no need to post em.

And why would you put money in there? 90% of all the people in here, even all those newbies who are always posting the same shit knows that bitgrail is a giant shit who is scamming everyone.

Then how can we identify whether the specified exchange is the scam or not, no one will think like that because Nano is actively traded there, where it is generating huge volume how can we easily guess exchange will be hacked. Sometimes it is really frustrating to keep our coins in the exchanges.

TryNinja

legendary

Activity: 2758

Merit: 6830

Quote from: MiningSensei on February 18, 2018, 06:34:54 PM

And why would you put money in there? 90% of all the people in here, even all those newbies who are always posting the same shit knows that bitgrail is a giant shit who is scamming everyone.

At the time people thought BitGrail was a reasonable exchange. If you wanted to buy Raiblocks/Nano, BitGrail was the place. The XRB team even promoted and recommended BitGrail as the best place to buy XRB.

The other issue is that people were trying to take their money from BitGrail for weeks. Their withdrawal system only worked a few days each month. So even if you didn't want to keep your coins there, you didn't have any choice.

MiningSensei

hero member

Activity: 766

Merit: 509

Quote from: japakar on February 18, 2018, 04:29:43 PM

Hah thats funny, I for some stupid reason thought Bitgrail would be responsible for the money I put there.
There goes 90% of my crypto money. =/
and yep the million useless typical responses of you should of. Thanks in advance, no need to post em.

And why would you put money in there? 90% of all the people in here, even all those newbies who are always posting the same shit knows that bitgrail is a giant shit who is scamming everyone.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: japakar on February 18, 2018, 04:29:43 PM

Hah thats funny, I for some stupid reason thought Bitgrail would be responsible for the money I put there.
There goes 90% of my crypto money. =/
and yep the million useless typical responses of you should of. Thanks in advance, no need to post em.

been there. i got crushed by bitfinex in 2016 and btc-e in 2017. i had to rebuild from nearly nothing last year. it took a lot for me to learn that it's worth missing trading opportunities to have your coins off-exchange. it sucks but you'll bounce back. just don't make the same mistake twice like i did.

Quote from: UsernameBitcoin on February 17, 2018, 09:14:37 AM

What is the solution to these exchanges getting hacked again and again?

decentralized exchanges where you don't keep coins in their custody. otherwise, just learn to hold through the dips if you're bullish longer term. they'll keep getting hacked and exit scamming. the target on their backs grows bigger everyday. in this case, it looks more like a fractional reserve gone bad.

it sounds like bitgrail was only using client-side javascript as a check for withdrawals, so people were able to double-withdraw and steal funds. i'm guessing a few big fish loaded XRB into their accounts and then cleaned out their reserves. i heard similar glitch reports about mt gox long before they went down in 2014.

Quote from: UsernameBitcoin on February 17, 2018, 09:14:37 AM

Whose fault was this? Bitgrail or the Nano team?

bitgrail. they coded the wallet infrastructure incompetently, allowing people to withdraw funds they didn't own. the nano devs couldn't roll back the transactions if they wanted to. and it sounds like bitgrail has been insolvent for a while. they were just covering it up.

japakar

newbie

Activity: 9

Merit: 0

Hah thats funny, I for some stupid reason thought Bitgrail would be responsible for the money I put there.
There goes 90% of my crypto money. =/
and yep the million useless typical responses of you should of. Thanks in advance, no need to post em.

mexicantarget

legendary

Activity: 1652

Merit: 1043

Cypherpunk (& cyberpunk)

Quote from: UsernameBitcoin on February 17, 2018, 09:14:37 AM

What is the solution to these exchanges getting hacked again and again?

How can we avoid these exchanges which can get hacked?

Whose fault was this? Bitgrail or the Nano team?

Like sgk said, the only way to avoid a centralized middleman is to use DEX

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: UsernameBitcoin on February 17, 2018, 09:14:37 AM

What is the solution to these exchanges getting hacked again and again?

How can we avoid these exchanges which can get hacked?

-snip-

Ahmm... decentralised exchanges... something something ...ahmmm

UsernameBitcoin

sr. member

Activity: 530

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

What is the solution to these exchanges getting hacked again and again?

How can we avoid these exchanges which can get hacked?

Whose fault was this? Bitgrail or the Nano team?

mexicantarget

legendary

Activity: 1652

Merit: 1043

Cypherpunk (& cyberpunk)

Quote from: alyssa85 on February 10, 2018, 08:49:39 AM

It looks like they are completely insolvent, so the only recourse is maybe getting the regulators involved to freeze assets so whatever remains can be redistributed.

There is a huge thread on reddit about it:

https://www.reddit.com/r/CryptoCurrency/comments/7wh2a1/bitgrail_got_hacked_and_is_insolvent/

Looks like loads of people got burnt.

XRB devs are big time scammers.
They wont rollback a decentralized coin.

Shame on you. SHAME ON YOU.

npredtorch

legendary

Activity: 1246

Merit: 1049

Quote from: bardio808 on February 16, 2018, 08:08:47 AM

Quote from: SweetHodler on February 16, 2018, 03:16:18 AM

is there any possibility altho small that we will get our funds back anytime in the future? Or is it just done forever and there is no hope left?

According to best practice of this market absolutely no chance.

So far so ... ~~good~~ bad.
Both side didn't agree on a thing since this hacking began. Nobody knew how did it end up like this. Well, what I'm sure of is it's either ShapiroFraud or FiranoFraud.
From the "Colin LeMahieu sleeping" up to the bitgrail hacking, Nano (XRB) sure do have a rough path.

NEM hacking < XRB hacking

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: Potato Chips on February 14, 2018, 09:10:34 AM

Update from bitgrail regarding the missing funds: https://bitgrail.com/news (It's not in english so you have to rely on google translate Undecided

)

It seems like bitgrail is uselessly trying to turn the tables by accusing the nano team instead Roll Eyes

Also, Here's an excerpt from the interview conducted by cointelegraph:

Quote from: https://cointelegraph.com/news/its-impossible-to-refund-the-stolen-amount-interview-with-bitgrails-francesco-firano

CT: Do you expect to find a refund solution for the customers, even if the Nano team decides not to cooperate?

FF: No, it's impossible to refund the stolen amount.

Condolences!!

Basing on those words then users who do lose up money would be ready on the possible thing might happen ahead which they do already tell about on their decision on refund matter which isnt possible. Its not surprising yet they are already turning the blame into nano-team itself which we can really assume that they dont have any intentions specially on refunding matters.

bardio808

newbie

Activity: 34

Merit: 0

Quote from: SweetHodler on February 16, 2018, 03:16:18 AM

is there any possibility altho small that we will get our funds back anytime in the future? Or is it just done forever and there is no hope left?

According to best practice of this market absolutely no chance.

SweetHodler

member

Activity: 178

Merit: 10

is there any possibility altho small that we will get our funds back anytime in the future? Or is it just done forever and there is no hope left?

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: Ryder100 on February 14, 2018, 06:22:27 AM

Have people read this owner of bitgrails signature on his profile? IT says:

"You either die a developer, or live long enough to see yourself become the scammer.
O muori da programmatore, o vivi tanto a lungo da diventare uno scammer."

Haha.... guess he left the bread crumbs everywhere, we were just blind enough to see it Grin

Potato Chips

hero member

Activity: 2786

Merit: 902

yesssir! 🫡

Update from bitgrail regarding the missing funds: https://bitgrail.com/news (It's not in english so you have to rely on google translate Undecided

)

It seems like bitgrail is uselessly trying to turn the tables by accusing the nano team instead Roll Eyes

Also, Here's an excerpt from the interview conducted by cointelegraph:

Quote from: https://cointelegraph.com/news/its-impossible-to-refund-the-stolen-amount-interview-with-bitgrails-francesco-firano

CT: Do you expect to find a refund solution for the customers, even if the Nano team decides not to cooperate?

FF: No, it's impossible to refund the stolen amount.

Condolences!!

Ryder100

newbie

Activity: 17

Merit: 0

Have people read this owner of bitgrails signature on his profile? IT says:

"You either die a developer, or live long enough to see yourself become the scammer.
O muori da programmatore, o vivi tanto a lungo da diventare uno scammer."

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: Wolf Rainer on February 09, 2018, 07:27:42 PM

...

This is the owner of Bitgrail https://bitcointalksearch.org/user/thebomber999-330503

LOL, see the irony: his last post on the forum was this one:

P.S.: "BigRail" <--- that made me chuckle! Grin

bitcoin revo

legendary

Activity: 1168

Merit: 1049

What an absolute cunt. If you check the chat logs between Bomber and the Nano team, the guy's inability to take responsibility nor to see 2 feet in logic becomes apparent. He tries to get the devs to either fork or pull the nano and cover his sorry ass for him, and ultimately tries to threaten them:

Quote

Due to an xrb bug that caused the node to crash, the attackers forced the system to get double payments for which we have no trace of time due to another bug in xrb offcial explorer.We will say that the devs refuse to cooperate despite the proposed solutions.

"Proposed solutions", neither of which are feasible.

TryNinja

legendary

Activity: 2758

Merit: 6830

Quote from: bardio808 on February 13, 2018, 04:48:10 PM

I've checked my wallet on the exchange and all my XRBs are there.
Is that means my wallet is not hacked and i got a chance to withdraw later?

Those are just numbers in a database. IIRC, Raiblocks has less than 4m XRB/Nano in their wallet and they owe their users ~17m. I heard some people saying that MAYBE everyone should receive 20% to 25% of the owned coins back. But it's only a possibility and the risk of not getting anything is high.

Topic: bitgrail - treating their users like shit - page 3. (Read 3927 times)