BTC-e hacked ?? - page 52. | Bitcointalksearch.org

cryptomole

newbie

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Quote from: TheKoziTwo on August 09, 2017, 11:49:56 AM

Quote from: E_1337 on August 09, 2017, 11:36:49 AM

So if we lose money I assume we can still make a case against USR (R = for robbery)

I would say so. However the thugs in USSA has what is called "civil asset forfeiture" where the burden of proof lies on the victim. What this means in practice is that you need to prove source of funds, that it is legal and accounted for. It's going to be tricky for many, given the nature of cryptocurrencies. Unless you have tracked every single transaction from A -> Z your "proofs" may not be enough.

It's likely you'll need to engage an expensive US lawyer as well, I kind of doubt they will open any sort of "claim" process. This is a very practical way to steal funds from low resource individuals or just unfortunate souls who's been enjoying the freedom of cryptocurrencies to not account for every step they make.

I actually did register with btc-e under my real name & verified both btc-e & xbtce with kyc docs.
I can show a clear audit trail of funds to exchange.
What I cant show is my profits as I dont have access to my trade histories.

TheKoziTwo

legendary

Activity: 1552

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Quote from: LLLTTTCCC on August 09, 2017, 12:35:22 PM

Hmmmm KYC, AML....

I didnt register my BTC-e acc under my real name. Nor the email address my BTC-e acc is based on. This means im now f***ed?

Nobody had to enter name.

LLLTTTCCC

newbie

Activity: 2

Merit: 0

Hmmmm KYC, AML....

I didnt register my BTC-e acc under my real name. Nor the email address my BTC-e acc is based on. This means im now f***ed?

TheKoziTwo

legendary

Activity: 1552

Merit: 1047

Quote from: E_1337 on August 09, 2017, 11:36:49 AM

So if we lose money I assume we can still make a case against USR (R = for robbery)

I would say so. However the thugs in USSA has what is called "civil asset forfeiture" where the burden of proof lies on the victim. What this means in practice is that you need to prove source of funds, that it is legal and accounted for. It's going to be tricky for many, given the nature of cryptocurrencies. Unless you have tracked every single transaction from A -> Z your "proofs" may not be enough.

It's likely you'll need to engage an expensive US lawyer as well, I kind of doubt they will open any sort of "claim" process. This is a very practical way to steal funds from low resource individuals or just unfortunate souls who's been enjoying the freedom of cryptocurrencies to not account for every step they make.

E_1337

newbie

Activity: 24

Merit: 0

Quote from: TheKoziTwo on August 09, 2017, 11:35:43 AM

Also let's show some appreciation to the fact that USSA failed in their mission to seize all funds. The only reason we get 55% back is because USA agents failed.

If there has been any doubt let me remind you all that USA is the world's biggest treat to freedom and liberty.

They are for years now they are to afraid that the USD position which is weak will get overtaken by any foreign power

E_1337

newbie

Activity: 24

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So if we lose money I assume we can still make a case against USR (R = for robbery)

TheKoziTwo

legendary

Activity: 1552

Merit: 1047

Also let's show some appreciation to the fact that USSA failed in their mission to seize all funds. The only reason we get 55% back is because USA agents failed.

If there has been any doubt let me remind you all that USA is the world's biggest treat to freedom and liberty.

TheKoziTwo

legendary

Activity: 1552

Merit: 1047

Quote from: BTC_Roe on August 09, 2017, 09:51:11 AM

You will be getting 55% of the coins, it states they take 45% OFF not that you get 45%. That is also in line with the comment that they recouped 55%

Open questions for the 55% are for me still:

What day did they take for the rate calculation? e.g. today you can see in the ETH wallet 50 million USD more than 2 weeks ago.
Is Bitcoin Cash indeed incorporated in this calculation.

What seems odd to me is the following. we know there was a fine of roughly 110 Million, say that is frozen/payed for completely. That should then be the total loss and equal the 45%. if the losses are 45% that means they 110/45%*100%= 244Million USD should be the total amount that BTC-e had before the seize.

No. That's not how this works. That's not how any of this works. USSA don't just seize "the fine", they seize everything they can get their filthy hands on.

Quote from: BTC_Roe on August 09, 2017, 09:51:11 AM

So...
a) they are counting with old rates (that would be positive for the end % because the 55% would go up)
b) Someone took/froze/stole a lot more than the 110 Million Fine.

Your thoughts?

Nobody has paid any fine. It's likely far more fiat was seized though. Which technically is paying, through I'm sure they will still be demanded for $100m despite already having had their funds seized. As in: first steal all their money, then demand another $100m.

BTC_Roe

newbie

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Quote from: Admired on August 09, 2017, 11:04:52 AM

So the BTE token will be issued at 45% of the total value of said coin at the end of August and the BTE will be equivalent to 1USD? How was it that the Bitfinex BFX coin almost reached $1? After the initial selling off of the tokens how and why does the price begin to stabilize on the tokens?

BitFinex bought back the tokens, but primarily it was about trust that people started paying higher amounts of money for the tokens.

Quote from: Admired on August 09, 2017, 11:04:52 AM

"If you have a balance in BTE, then you will be credited with 45% in koin (the amount will be divided into 7 different coins equally BTC, LTC, NMC, NVC, PPC, ETH, DSH) and write off the amount of 45% in BTE"

does this mean that given x amount of BTE issued at the start of the new exchange, if I were to "sell" say all my BTE tokens (Which would be a lot considering 45% of my original 22 btc) , I would be awarded 7 different coins? It seems like you are bound to lose a substantial amount regardless what route you take.

This is kind of vague indeed, my interpretation is that this is for all people in Fiat and not for the the people that had coins, that would give Fiat people he opportunity to withdraw, they couldn't if they were 100% in BTE.
(but i could be wrong about that.)

Admired

newbie

Activity: 20

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Quote from: BTC_Roe on August 09, 2017, 10:56:00 AM

Quote from: Admired on August 09, 2017, 10:42:13 AM

Can someone explain to me the whole BTE thing like I am 5 years old? So when I receive my 45% worth of BTE tokens can I trade them for BTC or ETH or fiat? Now I assume when people get their tokens the BTE price will crash to like .20c so essentially we will only get like 60-70% back if we sold our BTE tokens right away? By holding BTE tokens will you almost guarantee you will reclaim your 45% losses? But at the same time if you sell BTE for BTC for 20cents on the dollar right away, and btc matures considerably wouldn't you be better off in the long run?

I'm trying to make sense of everything as I had 22btc on btc-e and am really nervous about the BTE and how to handle the situation to get 100% back, but also100% back into BTC.

I am a newbie when it comes to this stuff and need some guidance how the whole token scheme works.

I think you understand it correctly. But;

It is uncertain what pairs there will be to trade on and i doubt FIAT will come back.
There is no guarantee that you will get 100% off your money back with the tokens.
There is third option, say it is indeed 20 cents/dollar than you could buy those tokens and sell them if they are higher in price.

to give you an idea, the Bitfinex token price (same kind of deal)
https://coinmarketcap.com/assets/bfx/#charts

So the BTE token will be issued at 45% of the total value of said coin at the end of August and the BTE will be equivalent to 1USD? How was it that the Bitfinex BFX coin almost reached $1? After the initial selling off of the tokens how and why does the price begin to stabilize on the tokens?

So the way I read this statement

"If you have a balance in BTE, then you will be credited with 45% in koin (the amount will be divided into 7 different coins equally BTC, LTC, NMC, NVC, PPC, ETH, DSH) and write off the amount of 45% in BTE"

does this mean that given x amount of BTE issued at the start of the new exchange, if I were to "sell" say all my BTE tokens (Which would be a lot considering 45% of my original 22 btc) , I would be awarded 7 different coins? It seems like you are bound to lose a substantial amount regardless what route you take.

BTC_Roe

newbie

Activity: 5

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Quote from: Admired on August 09, 2017, 10:42:13 AM

Can someone explain to me the whole BTE thing like I am 5 years old? So when I receive my 45% worth of BTE tokens can I trade them for BTC or ETH or fiat? Now I assume when people get their tokens the BTE price will crash to like .20c so essentially we will only get like 60-70% back if we sold our BTE tokens right away? By holding BTE tokens will you almost guarantee you will reclaim your 45% losses? But at the same time if you sell BTE for BTC for 20cents on the dollar right away, and btc matures considerably wouldn't you be better off in the long run?

I'm trying to make sense of everything as I had 22btc on btc-e and am really nervous about the BTE and how to handle the situation to get 100% back, but also100% back into BTC.

I am a newbie when it comes to this stuff and need some guidance how the whole token scheme works.

I think you understand it correctly. But;

It is uncertain what pairs there will be to trade on and i doubt FIAT will come back.
There is no guarantee that you will get 100% off your money back with the tokens.
There is third option, say it is indeed 20 cents/dollar than you could buy those tokens and sell them if they are higher in price.

to give you an idea, the Bitfinex token price (same kind of deal)
https://coinmarketcap.com/assets/bfx/#charts

Admired

newbie

Activity: 20

Merit: 0

Can someone explain to me the whole BTE thing like I am 5 years old? So when I receive my 45% worth of BTE tokens can I trade them for BTC or ETH or fiat? Now I assume when people get their tokens the BTE price will crash to like .20c so essentially we will only get like 60-70% back if we sold our BTE tokens right away? By holding BTE tokens will you almost guarantee you will reclaim your 45% losses? But at the same time if you sell BTE for BTC for 20cents on the dollar right away, and btc matures considerably wouldn't you be better off in the long run?

I'm trying to make sense of everything as I had 22btc on btc-e and am really nervous about the BTE and how to handle the situation to get 100% back, but also100% back into BTC.

I am a newbie when it comes to this stuff and need some guidance how the whole token scheme works.

yefi

legendary

Activity: 2842

Merit: 1511

Good to see that they will likely repay users. A little surprised they lost so much due to fiat though. I'd have thought most value would be in their cold wallets which they presumably still hold control of.

Quote from: YesLOST on August 09, 2017, 10:01:57 AM

They stated all users have to do verification.

There seems to be some confusion here if verification will apply to all withdrawals. My reading was that it would.

donalddump

newbie

Activity: 17

Merit: 0

Quote from: YesLOST on August 09, 2017, 10:01:57 AM

Quote from: donalddump on August 09, 2017, 09:58:44 AM

The question is will you send your personal documents to people accused of identity theft?

How about if someone wants to withdraw crypto only?

No exchange asking for personal documents if someone only deposiit/withdraw crypto.

They stated all users have to do verification.

Well, could be FBI operation after all, getting everybody to verify themselves. Would be really funny, if Vinnik was indeed owner and handed the btce logins for bitcointalk and twitter over to the FBI. And now they are planning the next coupe. Grin

It's very strange.Their business have no future.Everybody will withdraw their coins.I can't see any reason for this strict KYC, AML policies.

aaron25177

newbie

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if you were already verified through xbtce, will you still have to verify again?

Darooghe

sr. member

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Quote from: kekadam on August 09, 2017, 09:42:29 AM

Quote from: OMlite on August 09, 2017, 09:29:14 AM

Quote from: kekadam on August 09, 2017, 09:06:56 AM

exp on 2 stuation.
1 -- account have 3 BTC 2 ETH before seizing.
now it says 3*0.55= 1,65 BTC 2*0,55= 1,1ETH and (3-1,65)*BTC DAILY EXCHANGE RATE USD= BTE coin (2-1,1)*ETH DAILY EXCHANGE RATE USD=BTE coin

I do not understand why do you use K=0.55 in your expression.
It should be 0.45, no?

2.4.2. If you have on the balance the amount in koin, then you will be written off 45% of the balance of coins and credited with 45% of BTE (1 BTE is 1 USD). At the exchange rate on the day of conversion.

you r right i think.. missunderstood, K must be 0.45 there. now it changed :

1 -- account have 3 BTC 2 ETH before seizing.

now it says 3*0.45 = 1,35 BTC 2*0,45= 0,9 ETH and [3*BTC DAILY EXCHANGE RATE USD+ 2*ETH DAILY EXCHANGE RATE USD]*0,45= BTE ( 1 usd 0 1 BTE )

you can withdraw cryptos but NOT BTE.

in this case how they can refund of %55 balance i dont know.

2--- account have 3000 usd fiat before seizing.

it will see 3000*0,45= 1350 BTE right away ( 1USD = 1 BTE ). and additional 3000*0,45= 1350 USD will be divided 7 different coins equally BTC, LTC, NMC, NVC, PPC, ETH, DSH from DAILY EXCHANGE RATE USD.

you can withdraw cryptos but NOT BTE.

I want all of my money not %45, otherwise i will call Mafia for cutting their throat.

YesLOST

newbie

Activity: 56

Merit: 0

Quote from: donalddump on August 09, 2017, 09:58:44 AM

The question is will you send your personal documents to people accused of identity theft?

How about if someone wants to withdraw crypto only?

No exchange asking for personal documents if someone only deposiit/withdraw crypto.

They stated all users have to do verification.

Well, could be FBI operation after all, getting everybody to verify themselves. Would be really funny, if Vinnik was indeed owner and handed the btce logins for bitcointalk and twitter over to the FBI. And now they are planning the next coupe. Grin

donalddump

newbie

Activity: 17

Merit: 0

The question is will you send your personal documents to people accused of identity theft?

How about if someone wants to withdraw crypto only?

No exchange asking for personal documents if someone only deposiit/withdraw crypto.

YesLOST

newbie

Activity: 56

Merit: 0

One thing for sure, since update 5, bitcoin has fallen 3%. Grin

YesLOST

newbie

Activity: 56

Merit: 0

Quote from: Sukovsky on August 09, 2017, 09:52:07 AM

Quote from: YesLOST on August 09, 2017, 09:47:27 AM

Quote from: ToxicDartFrog on August 09, 2017, 09:45:20 AM

So say I had 1000 NMC. What does this mean? I get 450 back? And some other kind of tokens as well??? As far as I'm aware the NMC wallets weren't touched... Pretty silly to socialize EVERYTHING when the markets are a gamble to begin with. I could understand socializing specific markets' payouts but only depending on what was left of those funds.

Yes right, it would be fair to give coin owners 100% and fiat owner 0%.

You think that would be fair?

Of course not.

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