Topic: BTC-e hacked ?? - page 53. (Read 199749 times)

Did they state anywhere that these tokens are even tradeable? I'm guessing you will have X tokens tied to your account, and once they have earned enough cash back, you can withdraw them as USD or they open up so that you can pay with the tokens to buy other coins. I'm not sure you can trade them with other users at all.

I think they are getting dirty fucking rich over this deal while giving their users enough of a bone to stfu

You think that would be fair? Some people, like me, switched between coin and fiat multiple times per hour. I just happened to be in 70% fiat for 5 minutes.

Also I think YesLOST would get 550 NMC and the 450NMC "worth" of BTC-e at dayrate of BTE token distribution.

Now the question how much value these tokens will hold, especially in the first few hours of the exchange getting back up. Will probably plummet as everyone tries to get out. I know I will be waiting to scoop them up at ass low prices. Then hodling those tokens while praying to the gods.

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.

What do they have (USD):
- 143 million Ether (wallet 0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6)
- 6 million LTC https://chainz.cryptoid.info/ltc/address.dws?LMiB7oeBTMdwZg8VKjcCiguseodYYaixLP.htm
- 6 million PPC https://chainz.cryptoid.info/ppc/address.dws?PJoTa6ScCbtP23aJfDUg88do79t14FWUXW.htm
- 13 million small coins (i saw some wallets coming by, i think they all were like 4-5million per coin.
- 100 million BTC (There should have been at least the same amount in Bitcoin as in in Ether so to be on the save side put it at 100 million)
- 10 million BTC Cash (10% of BTC)
- Lost 110 million fine
That totals 388 million at least. so it can't be 45% loss in that case. (110/388=28% loss)

If i only take the ether in account 143 million Ether (wallet 0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6) then it would add up. (143M + 110M Fine) but that would mean that all other coins are gone and that is not what BTC-e is stating (primarily fiat lossed)

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?

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

you will have ( POSSIBLE )

1000*0,45= 450 NMC

and

1000*1.98USD= 1980USD*0,45= 891 BTE coin.

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.

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.

Or they just included it in their calculations which is much more likely.

One thing that sucks is that there is no mention of the Bitcoin Cash split. I'm guessing they are just keeping all the BCC coins for themselves.

I have a good feeling that the btce token is going to happen because if btce is talking about a 3rd party or a partner "investment company" they normally mean themselves putting up a clone website  

Guys, you are taking it wrong I guess.


Nope. I think it will be:
1 BTC. --- 0.45 btc + 0.45BTc BTE conversion. And then 45% BTE in multiple coins... and the 55% total withdraw.


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

Lets say I had 2000 ppc and 10 eth

will the 55 percent just be eth and ppc, or a broader mix of other coins too?

Agreed, I was prepared for a full loss (100k+), which would suck a lot worse than missing out on the btc pump and getting some weird altcoins that I don't really want. Also, as people will be compensated in altcoins, I'm guessing the altcoin value on the new exchange will come crashing down as everyone will try to dump them asap. There's probably a decent chance to make a profit buying cheap coins and waiting a bit until after everyone cashed out.

I still have a strong belief in BTC / crypto and I'm confident we'll all make a nice profit in the end. I'd bet a lot that in a few years you can buy a nice house for something like 5 BTC . Even with the losses counted in, I still made a lot more from cashing out some stock and buying BTC than I would have made keeping my stocks. Assuming they really DO get up and running again of course.

I don't think the owners will go poor on this deal. "Clean sheet" and fat profits probably.

No, you forget the BTCE token is only a possibility if the "investment company" takes over. And if you had coins, you won't get 55% of your coins, because the coin pumps are taken to socialize the fiat losses!

So, basically what we get is:

Coin: 1 btc = valued at take down $2546 = 55% of that = $1400 directly available for withdraw as 7 different altcoins.

Fiat: $1000 = 55% of that = $550  directly available for withdraw as 7 different altcoins.

I see, we gotta put that down to bad luck now i think, we just gotta move forward now and will get some gains bak in the future.

Seems they are handling this the best way they can, and going from past events its proven to work and get an exchange back on their feet. I fully appreciate the effort they are going to, as there have been so many in the crypto space either give up and give back some, or run and give back nothing, this will be a breath of fresh air.

look to the future guys, it can always be worse

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



you can withdraw cryptos but NOT BTE.


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

it will see 3000*0,55= 1650 BTE right away ( 1USD = 1 BTE ). 3000-1650= 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.


---------------------------------

fiat users can withdraw %45 of their funds with 7 different coins. crypto holders withdraw of %55 of their deposits with what they got. about bte i cant understand what will happen.

Thats all..

Yes, this might be the easiest answer. Nobody understands exactly what btce is writing, not even Russians.

Good to know, you get approx. 50% of your funds, regardless if fiat or coins. But, you will get the refund in many different altcoins. And probably only if you follow their KYC guidlines, which could be anything, even DNA samples.

Also, the "investment company" with the BTCE tokens is not guaranteed at this stage. Could be, that there is no investment company at all and we just get that 50% offer.

For me, sold btc just before takedown at around 2300 and was in fiat, now btc value is about 3300 = 30% less coins if I buy back at once. While I technically haven't lost any money, it still sucks.