Topic: Bittrex, Scammer or Scammed. - page 3. (Read 2729 times)

a casino yes. but one thats not fun at all!  

i guarantee their staff are making these scam coins !
other wise they would be stopping them.

don't be gullible guys and don't let these exchanges play dumb with you.

they are ripping you off and playing stupid .

edit:
i already have posted numerous times about a LOT of suspicious shit with these guys (they make coins related crap)
and i don't want to retype out a wall of text all over again lol

No. However, the cryptocurrency scene is relatively new and unproven. And accordingly you will get results that will match.

Secondly, casinos are part of a regulated scene and function within that type of purview. These exchanges do not fall remotely within the same scope or oversight as a casino. The gambling is more akin to a gamble between unverfied/untrusted parties. It comes with the territory of dealing with unregulated trading in a "free" market.

I agree that example was not really useful, but I think the full blame doesn't lie on the end user. Yes, they should be careful, do their own research, don't risk more than you can afford, whatever, but there also needs to be some professional responsibility from the exchanges, which I would say has not been shown up to now.

No it is not. That is a horribly insensitive, untactful, and insulting comparison to make. One involves personal freedoms and the ability to go where ever one pleases to go. This incident on Bittrex is people going of their own volition for a profit scheme motive.

People have the right to go to most places with the expectation to be safe and secure. People do not have the right to gamble and expect a return. One is a right and the other is a privilege. Huge difference.

"But its not how life works"

the exchange is responsible for launching a fraudulent ipo .. you don't put a shoe company that opened yesterday on your penny stock, unless it has some documentation and actual existence and working business model .. if it was a scam and everyone who bought the shares were holding fraudulent pieces of paper, the stock exchange would be responsible  for the losses... let alone the fact that they were getting payed to list the ipo


the problem for me is the  way they dealt with it .. just delete the market, nothing happened, go back to trading.

Stay away from any exchange which adds coins right after launch. Let's go back to trading the good old coins, they have a lot more to offer the market.

Just relying on adding new coins is continuing to hurt the market, and the reduced volume all around shows that. Bittrex will continue to lose volume because of this.

I only use poloniex these days 

that's right. this guys all blame the victim and claim bittrex has no responsibilty to protect users.

therefore the only way to protect yourself is to stay the fuck off that exchange especially when it comes to new coins.

say no to new coins on bittrex. they are all scams anyway.

  USBcoin is the latest scam being pulled on Bittrex users.   Yesterday, a coin by the Name, USBcoin was added to Bittrex exchange, like any other IPO, there will be some volume people buying and selling, it was a 200 btc volume and very high volatility. Then all of a sudden supposedly "2 accounts coming from TOR nodes", with millions of USBcoins dumped on everyone. USBcoin was supposed to have 6m coins from POW, and 2% yearly Piece of shit (POS). Apparently the dev, had a hidden code that allowed him to inject extra 40 million coins and dump on everyone.

Now, me and countless of Bittrex users, are the real victim here.. What did we do wrong ? We are at an altcoin exchange, which serves one need only : "to buy  and sell cryptos" , USBcoin was the most traded coin  and the normal market reaction is to get on the ride. Who on earth would expect someone to scam an IPO on the first few hours ?


  so  your "it's a jungle and survival of the fittest argument" is not valid here, your "go read the code yourself is also not valid", your " they did not make you buy it" argument is not valid .. The situation is as follows :  Our trust in Bittrex was used by its staff in order to get few bitcoins and add a new 2 day old coin. AKA putting everyone in danger just to gain few bitcoin as "listing fee".

So basically Bittrex feels comfortable using us as sheep to barter for higher rate in order to add a new coin, regardless if they are giving an honest man, or a criminal access to us and our coins. I will give this analogy .. Imagine a government allowing someone in the country, and the day he's in the country he commits a major crime .. who is to blame ? the criminal or the government that let him in without proper investigation and criminal history and so on ....


Now we reach la crème de la crème : What was the response from Bittrex? "Oh well, we're sorry we got payed to add a malicious coin, we will remove asap, concerning your loss you are to blame."

they removed the market, and reopened the malicious wallet for "withdrawals only".

So what should happen now?
first of all, the amount scammed is around 100 thousand USD, so it's not a game.

two, we need a fully detailed response from bittrex  as to what exactly happened? who contacted them ? how much did they get payed to add the coin ? did they validate the identity of the Dev to add the coin ? the addresses that withdrew the bitcoins etc.

Three, User repayment plan, fees can generate enough to cover the loses in a week or so i don't think it's a major problem. 


Now, this is crucial, everything i wrote above, didn't contain any hint or remark that would suggest Bittrex is complicit with the scam, but the recent events, (that's the 4th scam pulled on us in a relatively short period) are starting to look fishy .. either Bittrex is completely unreliable and cannot run a Tier 1 exchange, or Bittrex just cares about the extra few bitcoins it gets in order to add coins, which i think it is, or Bittrex is on the scam too. What ever the reasons are, users cannot be blamed for actions allowed to happen by the third party acting on his own, and adding coins to his monetary gain using its trustful users as  barter.


Failure to repay the users, shall be met with widespread organized boycott.