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Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 140. (Read 276958 times)
April 22, 2014, 06:41:21 PM
April 22, 2014, 06:33:05 PM
It's a bit weird, it's an unbelievable story, but on the other hand, hwy even bother writing a story like that and asking people to ask questions to their support when you plan on running with the money anyway?
and why does everyone have 1% of their initial investment as confirmed money and the rest as 'unconfirmed' money?
Well i guess there's nothing else we can do but wait and hope.
and why does everyone have 1% of their initial investment as confirmed money and the rest as 'unconfirmed' money?
Well i guess there's nothing else we can do but wait and hope.
Perhaps Adam actually has good intentions but just ran out of money, so he locked everything but 1% and is somehow hoping to pull a miracle out of his ass and pay back the locked funds over time - not sure, just thoughts to possibly answer your question.
in fact i don't really mind if they lock a part of the money for a period of time (if we want them to do arbitrage we can't expect them to have thousands of bitcoin just laying around doing nothing). But some more openness would be nice.
Still, there's a chance they are not scamming us because i feel if they are scamming us, they have a weird way of doing it.
Huh?? If they are doing arbitrage, it is with our money and they aren't paying us? How can you not consider it a scam?
April 22, 2014, 06:32:29 PM
I think we should receive the 2% of the full amount of our deposits. After all, they did have full use of those funds during that period.
i agree, but first lets see if we all do get our full funds back.
I didn't put a lot in it, but still it'd be nice if it's still my money, money is still money...
Also, i have withdrawn half of the bitcoin i had available there (you know the part that's not frozen) and i received it within a couple of hours.
April 22, 2014, 06:30:42 PM
It's a bit weird, it's an unbelievable story, but on the other hand, hwy even bother writing a story like that and asking people to ask questions to their support when you plan on running with the money anyway?
and why does everyone have 1% of their initial investment as confirmed money and the rest as 'unconfirmed' money?
Well i guess there's nothing else we can do but wait and hope.
and why does everyone have 1% of their initial investment as confirmed money and the rest as 'unconfirmed' money?
Well i guess there's nothing else we can do but wait and hope.
Perhaps Adam actually has good intentions but just ran out of money, so he locked everything but 1% and is somehow hoping to pull a miracle out of his ass and pay back the locked funds over time - not sure, just thoughts to possibly answer your question.
in fact i don't really mind if they lock a part of the money for a period of time (if we want them to do arbitrage we can't expect them to have thousands of bitcoin just laying around doing nothing). But some more openness would be nice.
Still, there's a chance they are not scamming us because i feel if they are scamming us, they have a weird way of doing it.
April 22, 2014, 06:17:51 PM
This is what I received from them today
Thank you for your message. As the new owners of BTC-Arbs we are happy to hear from you and are interested in hearing any suggestions that you may have. We are aware that the "Legacy Fund" method of doing things isn't ideal for some members, however it is the best way to ensure that all of our books are in order as we begin to move forward. As you will see, we have already started to transfer a portion of the Legacy Funds back to the main balance. Furthermore, we have processed all withdrawals that we have received.
We would appreciate your patience during this transition. A manual verification of the funds within the system is necessary, particularly due to the fact that there were a number of issues that arose as a direct result of the Heartbleed bug.
Further information regarding this transition will be provided in the coming days, along with information about our acquisition of an official investment license.
Thank you for your message. As the new owners of BTC-Arbs we are happy to hear from you and are interested in hearing any suggestions that you may have. We are aware that the "Legacy Fund" method of doing things isn't ideal for some members, however it is the best way to ensure that all of our books are in order as we begin to move forward. As you will see, we have already started to transfer a portion of the Legacy Funds back to the main balance. Furthermore, we have processed all withdrawals that we have received.
We would appreciate your patience during this transition. A manual verification of the funds within the system is necessary, particularly due to the fact that there were a number of issues that arose as a direct result of the Heartbleed bug.
Further information regarding this transition will be provided in the coming days, along with information about our acquisition of an official investment license.
April 22, 2014, 06:08:44 PM
Well I have certainly lost faith now!! Reason they didn't just run is because they want to make more before they do. They bought themselves time over a convenient long weekend, they had to come up with something, and this is it. The Admin of MNO had their funds returned to them in full, so what does that tell you 
Even if this wasn't a scam before, it is now. If arbitrage trading is being done they are using our assets and not paying us for them. In that case they are just using this to pocket most of the earnings. From there, it just goes down hill.
Ironic is that today is the day I would have put in my withdraw request. They timed that right.
I was starting my phase-out with a withdrawal yesterday. Needless to say, it was canceled by Admin today with the announcement and locked up tight. Lovely.
April 22, 2014, 06:02:25 PM
Well I have certainly lost faith now!! Reason they didn't just run is because they want to make more before they do. They bought themselves time over a convenient long weekend, they had to come up with something, and this is it. The Admin of MNO had their funds returned to them in full, so what does that tell you
Even if this wasn't a scam before, it is now. If arbitrage trading is being done they are using our assets and not paying us for them. In that case they are just using this to pocket most of the earnings. From there, it just goes down hill.
Ironic is that today is the day I would have put in my withdraw request. They timed that right.
April 22, 2014, 05:44:13 PM
MNO means what? Who is that?
money-news-online.com
April 22, 2014, 05:34:25 PM
MNO means what? Who is that?
April 22, 2014, 05:28:14 PM
Well I have certainly lost faith now!! Reason they didn't just run is because they want to make more before they do. They bought themselves time over a convenient long weekend, they had to come up with something, and this is it. The Admin of MNO had their funds returned to them in full, so what does that tell you
April 22, 2014, 05:06:58 PM
Just in case anyone was wondering, yes...my funds are stuck, too. I'm not sure why the site wouldn't have just vanished if they actually intended to simply rob everyone of their money, it makes no sense to come up with some buyout story if your intention was just to run off with everyone's cash...but as it stands, I've got a significant amount of Bitcoin tied up in this and am as hopeful as anyone that we didn't all just get Gox'ed.
I knew there was risk involved here and I accepted that. It won't be the end of the world if I lose the money, I didn't invest more than I could comfortably lose, but it'll suck if it's gone. At the very least, this has led to me becoming very educated on how arbitrage can be done and I am going to start doing it for myself.
Hope everyone manages to get their funds returned to them, though.
I knew there was risk involved here and I accepted that. It won't be the end of the world if I lose the money, I didn't invest more than I could comfortably lose, but it'll suck if it's gone. At the very least, this has led to me becoming very educated on how arbitrage can be done and I am going to start doing it for myself.
Hope everyone manages to get their funds returned to them, though.
April 22, 2014, 04:35:33 PM
Well it seems i was lucky
22/04/2014 18:00 Legacy Fund Transfer of 0.0006
22/04/2014 17:33 Bitcoin withdrawal for 0.1250 bitcoins completed [Ref: *]
22/04/2014 08:43 Bitcoin withdrawal request for 0.125 bitcoins
And the 2.1 % is not accounted for anywhere
22/04/2014 18:00 Legacy Fund Transfer of 0.0006
22/04/2014 17:33 Bitcoin withdrawal for 0.1250 bitcoins completed [Ref: *]
22/04/2014 08:43 Bitcoin withdrawal request for 0.125 bitcoins
And the 2.1 % is not accounted for anywhere
April 22, 2014, 04:16:27 PM
Looks like they are using the heartbleed bug to "adjust" the balance. Did anyone's "legacy" funds match their actual funds? I had over 2btc left after the attempted withdraw, but currently shows .0368btc.
22/04/2014 18:00 Legacy Fund Transfer of 0.0368
22/04/2014 17:46 Bitcoin withdrawal for 1.6421 bitcoins cancelled by admin
Hope we didn't get goxed ;o/
22/04/2014 18:00 Legacy Fund Transfer of 0.0368
22/04/2014 17:46 Bitcoin withdrawal for 1.6421 bitcoins cancelled by admin
Hope we didn't get goxed ;o/
April 22, 2014, 04:03:57 PM
couldn't find any info on global capital .... anyone got any pointers ?
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Posted From bitcointalk.org Android App
April 22, 2014, 03:59:11 PM
I think we should receive the 2% of the full amount of our deposits. After all, they did have full use of those funds during that period.
April 22, 2014, 03:37:19 PM
With btc-arbs reporting a 2+% gain today, did anyone see any increase from your 1%? I see no additional profit in the transaction logs on my active coins.
It just proves the point that they need to review all account balances.......
April 22, 2014, 03:33:54 PM
With btc-arbs reporting a 2+% gain today, did anyone see any increase from your 1%? I see no additional profit in the transaction logs on my active coins.
April 22, 2014, 03:29:10 PM
It's kinda funny that they report a 2.10% gain on one of the slowest days of the month.
But if they're never planning on releasing any earnings then why not report profits
'going to the moon'? Oh well, I only lost a couple of BTC.
But if they're never planning on releasing any earnings then why not report profits
'going to the moon'? Oh well, I only lost a couple of BTC.
April 22, 2014, 03:27:45 PM
There's always a chance that BTC-Arbs got scammed themselves....
I doubt it, but it would be quite funny if a site considered to be a scam was in fact scammed itself.
I've lost 0.2 BTC myself. As with anything in finance. Don't bet more than you can afford to lose. Putting your money into any site like this is a risk. Doesn't matter if it's Bitcoin or GBP.
I doubt it, but it would be quite funny if a site considered to be a scam was in fact scammed itself.
I've lost 0.2 BTC myself. As with anything in finance. Don't bet more than you can afford to lose. Putting your money into any site like this is a risk. Doesn't matter if it's Bitcoin or GBP.
April 22, 2014, 03:07:50 PM
It's a bit weird, it's an unbelievable story, but on the other hand, hwy even bother writing a story like that and asking people to ask questions to their support when you plan on running with the money anyway?
and why does everyone have 1% of their initial investment as confirmed money and the rest as 'unconfirmed' money?
Well i guess there's nothing else we can do but wait and hope.
suppose he bought our coins with 1% of their price....HOPE NO TO BE TRUE and why does everyone have 1% of their initial investment as confirmed money and the rest as 'unconfirmed' money?
Well i guess there's nothing else we can do but wait and hope.
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