Topic: BTC-e hacked ?? - page 41. (Read 199770 times)

I have mixed feelings about this update. On one hand, fiat holders can be relieved that they don't need to take on NVC, PPC and NMC bags (NVC is a particularly illiquid shitcoin). On the other hand, what kind of premium are fiat holders going to need to pay to get any value out? This socialization of losses definitely seems to favor coin holders.

I could see them surviving if they set up domain in a country not friendly with the US, and retain only crypto markets (no fiat). I don't see how they can keep their fiat money from being seized. As long as their domain/servers are safe and they are only custodians for crypto, it seems possible.

But rejecting US customers is also rejecting a big market. It's not clear what their plans are in this regard.

Delusional parrot.

keep dreaming. BTC-e will never be back and they will return zero funds.

My Ukrainian friend (who is somewhat active in Russian-speaking forums) seems to be under the impression that they may be able to coordinate fiat payments through services like Yandex and WebMoney. Not sure how that could work given that Yandex is a publicly traded company.

Maybe another convoluted web of shell companies processing fiat through third parties (like online poker companies) is possible, given that it would probably take at least a year or two before the US government could set up another similar operation. Maybe next time, they'd be better prepared.

SOON you will crawl back into your hole spider 

BTC-E is coming back to wipe all of your bitches ass.

I suggest Terminator skull for new LOGO

there are SO many idiots... LOL    see how many are using Poloniex, Bitfinex and similar others even they lost funds with BTC-e . it's well known that these exchangers will be NEXT  

it's without words....

BTC-e had a loyal following.

The US caused their problems.
Not trading $US wouldn't be good enough because the US will just invent some law to keep harassing them.
The obvious solution is to relaunch with some sort of id verification so they can refuse US customers altogether.
BTC-e can survive without US customers.

Walking around loaded with $US is like a pocket full of uranium, it gives you a nice warm feeling for a while but ultimately stuffs your gonads.

I don't want them to relaunch, I just want them to pay back whatever they have left. Let them just set up a temporary web portal, where people can just withdraw their digital assets, and then BTC-E can relaunch with whatever brand name they feel comfortable with. Only an outright idiot will ever make use of an exchange that is severely affiliated with BTC-E. They state that they are negotiating with not to be named investors to finanance the relaunch, lol. I am curious to find out more about how their verification process will be forced through.

Yes probably, we do not know exactly. It's all very vague. Also, could be some coin hot wallets.

At least one day we will know how much the FBI stole.

What happened to the missing 45% of their funds? Is that just the fiat which is suspended on OKPAY or did something else go missing that I missed?

i suggest FuckFBI.is

If that's the case, I'm guessing the best bet will be to buy up btce tokens for fiat, those will probably be cheap from people panicking to cash out. You could make a decent profit buying tokens and holding, assuming the feds won't take the new site down again. A bit of a gamble

From the looks of last update, they clearly say that everybody gets back their "currency balance" because of "fairness". Thus, 55% in fiat or 55% in coins.

We are not well off, if we get 55% in fiat. Because the only way out of the exchange will be in coins somebody needs to sell to us and who in his right mind is going to do that..., uhmm, maybe we are able to withdraw fiat. Well, lol, yeah probably they can manage fiat withdrawals, but I somehow doubt it  .

If we get 55% fiat + tokens we're pretty well off as that means every dollar back (just missing the btc pump so we'll be able to buy a lot less coins if we buy back in), but it will be hard to trade the fiat for btc I recon. I think fiat holders will get 55% in random crapcoins, and the rest as tokens (ie no fiat). That means they are f**ked even harder.

They don't need to run away.  The repayment plan undoubtedly leaves them with a good chunk of customer balances.  Some customers will never be able to complete KYC.  These guys have 100's of millions of dollars in crypto under their management.  Could even be over $1 billion at this point.  

They just need to set up the exchange rates favorably, skim a little off the top, and possibly just keep all the BCH, and they'll never have to worry about money again.  They could easily walk away with 10% of people's balances and still it would be hard to tell.  10% of let's say $500M, that's a lot of money.  That's not even including what they've earned through their own personal portfolios in the last few months.  

These guys don't need to run away.  Bitfinex has already completed the experiment for them.  They've seen how the crowds react when an exchange issues a token in exchange for balances.  Within a few months trading is totally back to normal.  The first day of trading, they can buy back their own "debt" for pennies on the dollar.

The exchanges hold all the cards.  That's just how it is.  That's why BTC-e doesn't want to just throw away their position,  Running a big and successful Bitcoin exchange with zero oversight is basically the equivalent of a money printing machine.  

It's certainly not 100% clear yet, but it seems like that's the case. One consideration is that with multi-tiered verification, some whales may be effectively stuck and decide to provide liquidity rather than leave the stuck funds sitting.

I remember thinking the same thing at Bitfinex -- who would sell their coins there? But whether through the exchange manipulating, deals with whales, etc., maybe there is some similar outcome here (at least in the short to mid term). Given the ICO craze and the Bitfinex recovery, there are still a lot of "greater fools", so to speak.

Keep dreaming 

A few days before the refunding process is started there will be 'an issue' which will delay it till next month. More time to properly lose trace of the $$ and have OUR BTC gain more money for them.

Then they'll just go dark.