Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 52. (Read 276958 times)

I am sure it was just a ploy to buy time.

Curious, what was the deal with that buyout thing that happened?

a bitcoin address is a bitcoin address, it doesn't matter which wallet you use to access it.

I don't think he specifically said we needed to send transaction IDs, I think that was just suggested by other posts on here. This thread is super long though, so I may be wrong.
Btc-arbs admin, if you read this and need additional info from me, just let me know.

My guess is that he is gathering information based upon statements in this board and PM's he has gotten that have eluded to people not understanding..... but than again, that's a guess.

I thought that you didn't have any records of what people withdrew?  If you already have all the info, why does everyone have to send a request to withdraw their BTC with supporting blockchain info?

No idea, there are too many unanswered questions already, I just wouldn't start throwing out absolutes at this point.

   That's true that I have no evidence, and have no idea whether or not he's using open SSL and what level he was at.  I don't even know if he's a male or female.  The only thing I do know is the heartbleed bug caused cached data to be available to non authorized users.  He's also eluded to the fact he was hit by it.  The fact that the breech of my accounts took place with a day of the announcement and also the fact that I logged into all of the accounts with in a very short time and the only accounts hit where the ones someone looking at raw data could easily figure out, leads me to believe it was that.  

    Again your absolutely correct that I don't know for sure.  The little with drawls bugs me too.   What would your theory be.  Given that in 1 hour 3 accounts were breached, and all had small withdrawals done.  This was a few days before the sale of the site (tongue in cheek).  Do you think someone just happened to figure out 3 userid/passwords?  do you think BTC-ARBS made the withdrawals?  At first I though either would be possible.   After I "somewhat" understood the HB Bug that seemed more plausible.    Again, I can only say what happened to me and my conclusions.  

Oh yea, There wasn't a lot in any of the accounts to begin with.  They may have had .1 BTC each.  Maybe that played into why they only took a small amount.   
            

That's far from evidence that it was heart bleed. Heart bleed was specific to openssl and therefore was not even a security breach for servers not running openssl. You have no idea what ssl he was running. To boot, Joe-blow hacker who gets into a site, is not going to take .02 - .04, especially if it was heart bleed since heart bleed had a fix it already for several months that just needed to be applied, he doesn't have the time to linger around everyday to take small amounts of money and try to go un-noticed.

    This is great news.  Glad to see Mr BTC-Arbs taking steps to restore order in this mess.  I for one, would just like to see my claim acknowledged, and that we agree on the amount to be refunded.  It's nerve wracking not knowing it he received my email or PM, understood my ramblings and agrees with the amounts due. 
   How he decides to actually implement the payout process is secondary.  I still have faith in human nature that it will be fair on some level.  I only risked what I could lose, so it's not keeping me from putting food on the table or paying the rent.     

 
    On a side note.  I know for a fact that his site was hit by the heart bleed bug.  I had seven accounts on there (lots of kids).  Everyday I would log-on to each account after the interest for the day was posted.  Within an hour of my log-in someone made small withdrawal's from 3 of the accounts.  I noticed it the next day and implemented 2FA security.   (closing the door after the horse is out of the barn?)   Of the 3 accounts they all had pretty noticeable account names.  and the passwords were weak.  The others had more obscure names and passwords.  What I found strange was the accounts were not wiped out, just .02 -.04 withdrawals made. 

    Again glad to see progress being made.     

Does anyone know if the return btc address has to be blockchain? I used coinbase for mine. It shouldn't matter, but I'm just checking to make sure. Thanks. (still waiting for my refund)

Awesome, is good to see some feedback!
Because I can understand if you were hacked, but I can't understand the no communication, is very frustrating

looking forward to some more details 

That makes sense.

I have been carefully considering all of the suggestions posted in this thread and will be implementing a variation on what has been suggested. Details will be posted this week. For now, more refunds have been sent.

It is also clear that some users do not understand the refund process. The refund amount is not the total amount including earnings. It is the total amount originally deposited minus any withdrawals.

It seems like the proper thing to do would be to pay everyone back equally. No queue. I guess I can sort of understand if that isn't how it's going.

Hope I eventually get my .6 BTC back

Ok just sent an email to bTC arbs with my wallet address , are they returning investments? what do I need to do to be on the list

Regarding the site getting hacked: has btc-arbs admin filed a police report detailing the unlawful access and stolen property?

hmmmmmmm not sure any of this is criticism, just general questions. I have had 2 small payments so I'm generally happy he is working on it, and I freely admit I could be naive to the process he was using. But questions do abound.....

If I remember correctly, when depositing to the Btc-Arbs website, you had to go back to the website after making the transfer from your wallet and click a button that essentially confirmed that the transfer was initiated. So then if the change in deposit address claim is true, he should have realized very quickly that people were confirming that transfers were being created but no actually BTC was coming in. Also, the requested withdrawal issue should've been discovered very quickly as well since if they withdrawal were paid out to whoever "hacked" the website, the balance shown in the account would've changed and the individual whose account it really was would notice that pretty quickly and no doubt reach out to the admin to find out what is going on. In either scenario, I think the issue, if true, would've been discovered/pointed out very quickly greatly limiting the damage in terms of lost BTC compared to what the situation seems to currently be.

Others have also questioned the claims on here and I also agree that it just does not seems to line up so my only conclusion is that he might have more BTC than he is letting on, trying to make people whole from the arbitrage profit while keeping the principal amount at the end, which is pretty sizable according to the spreadsheet. And clearly had no desire to return the BTC prior to his identity being 'discovered'.

I wonder if criticism on this forum is another one of the criteria that pushes you to the back of the payout list.....