Topic: BTC-e hacked ?? - page 55. (Read 199718 times)

This is the gamble i suppose, reading up on BFX tokens they came through and all users were refunded whole.

To start with as you said many users cashed in tokens to "escape" with something rather than nothing, but by the end they the ones who held out got more value for money as the exchange brought them back with profits. Making users whole as was the promise.

This is much more encouraging that they are attempting to refund users back to 100% on a system which has worked in the the past, rather than "here is 45% of you funds - the end"

LOL.

How do they pretend to run a new service with the assets of a seized service ? Obviously the FBI will take it down as soon as they can proof the FinCen they are running with the coins not seized from BTC-e.

How does splitting their cold wallet into 1 million wallets help if they claim to be using those funds ?

Which will be the value of 1BTE after 1 day trading since there is no wire options ?

Everyone will buy BTC, LTC and ETH and run away after 1 hour running the service and the price of BTC/BTE will be like 1/10000 really soon.

For sure I will do that. Good Luck for those who stay in BTE after 1 day.

Well at least we can say that this is better than nothing and far more than we can expect from the FBI seized funds.

Such crap.
So if you had a balance of crypto on btc-e before, you get 55% of it in a BS btce token which will only be available on their system. Then can convert it to the base coins they have on hand at their price (currently all high) and can only withdraw 55% after. Also the btce token will crash hard and fast as people will start to get their funds out.

Sounds like utter sheyt to me.

If they held the crypto balances safely, they are up over 40% since the 25th. So not only are they up in profits, they are only refunding 55% of your initial value, which means they keep like 65% of the value per today's prices AND limit your withdrawals.

F'ing bullsht.

Way i read it is:

Fiat users will get half BTE tokens and half coins
Coin users will get half coins and half BTE tokens

So both sides is fair

So do I understand it correctly that:

- Fiat will be converted to BTE tokens
- Coins will be returned with 45% of the value converted to BTE tokens
- 55% of your fund will be available to withdraw at once
- You will be allowed to withdraw the remaining 45% in BTE tokens at a later date (?)

Sucks that I went from btc -> fiat just before the site went down, as price has (so far) gone up like 50% since then :/. BUT, I'll be happy getting the money back for sure, better than losing it all.

Fortunately I speak fluent Google Translate and can interpret this nonsense:

1) All funds are socialised in to one big lump of shit
2) They are holding 55% of your funds (probably a lot more but hey what the fuck are you going to do?)
3) They will invent at BTE token, credit it to your account proportionate to your holdings then turn int into a basket of the usual bullshit BTC-e coins like LTC, PPC shit, NMC and all those other obsolete turd generation 1 coins - great
4) You can then withdraw those after more KYC verification bullshit
5) They will try and make the 45% good buy sueing The Man and commission on the new exchange?
6) Beware of ghoulish domain phishing

Overall: Its A Bitfinex style solution with the BTE token making everyone 100% good - hooray bot BTC-e and their efforts

No idea how correct this interpretation is

And the latest update via twitter ...

Update5! Important! 08/09/2017

Exit from the current situation with the arrested Fiat:

1. Last 14 days we were engaged in struggle for your means, it was possible to gain control over 55% of funds (depends on the course), the remaining 45% are arrested funds, the most part in fiat. As the arrest is withdrawn from the accounts, the amount will decrease.

2. What is the way out of the current situation we see:
2.1. Work under the current BTC-e brand is not possible due to unresolved issues from the Office of Financial Crimes of the US Treasury.
2.2. At the moment, we are negotiating with a group of investors (an investment company), about buying and prompt launch of the service and repaying debts to customers. Further, the process of repayment of debt obligations will be described in more detail.
2.3. After we transfer all balance sheets of the investment company, we will recalculate the balance sheets.
2.4. The conversion procedure, taking into account the available 55% of funds:
2.4.1. All liabilities for fiat (USD, EUR, RUR) will be transferred to BTE tokens (1 BTE is 1 USD) at the exchange rate on the date of conversion. Probably, for more operative closing of promissory notes, ICO will be held on BTE tokens.
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.
2.4.3. If you have a balance in BTE, then you will be credited with 45% in coins (the sum will be divided into 7 different coins equally BTC, LTC, NMC, NVC, PPC, ETH, DSH) and write off the amount of 45% in BTE.
2.4.4. Upon all recalculations, all users will have the opportunity to withdraw 55% of their funds from the system.
2.5. The investment company works in compliance with KYC, AML and the licenses required for this activity, so all users will need to undergo verification.
2.6. Tentative start dates end of August.

3. All debt obligations will be closed primarily from operating income from the investment company's commission, as well as from the funds we plan to sue from those who illegally arrested them.

The closing of the debt will be based on the principle of buying BTE tokens from the market.

The next update will provide more details on the procedure for accessing information on your balance sheet and when these funds can be withdrawn.

From the BTC-e team we officially inform that all the funds that were in the reserve fund (including all our income) were transferred to pay off the debts.

P.S. A warning! The cases of posting fake links on allegedly our new domain have become more frequent. All official information about our service is placed only in our twitter and from our official account on the forum.

Sincerely, BTC-e team

They've always been a Western exchange. There's a reason they only have a BTCUSD market, not a BTCHKD market. They were/are registered in Hong Kong, but also organized in the British Virgin Islands. And I wouldn't be surprised if they are shifting things around.

They are not silent. They said exactly what they are going to do. And they clearly said that they care about their customers. Why we should doubt their words now? All this talk about hiding/scamming coins is only possible if you neglect the fact that they have been very trustworthy the last 6 years and still are.

Then, from a strategically point of view, it makes no sense to talk to the users and in the meanwhile trying to hide funds from them. They could have played dead while there was the FBI chaos. Much easier. Also, for users it does not matter where the coins are, because you cannot access them directly. Also, we do not know exactly if the mentioned wallets belong to btce. In reality, the only people btce wants to hide funds are the criminals of the fbi.

One guess is that the FBI did not seize their cold storage wallet, but know where it is. By transferring the coins by mixing to other cold storage wallets, it will be harder to track (ie hard to prove that the "new" exchange has funds that is in any way connected to btc-e).

Then please tell me: why do they put such a huge effort in coin mixing and wallet splitting? There seems
to be no time to keep customers updated about their progress of setting up a new exchange. But there
is enough time to hide the customers coins. Yeah, sounds completely logical...

My prediction: short post on sunday that they have trouble setting up a new exchange
and need another 2 weeks. And they will advise us to keep calm.







 

Do you refer to Btc-e accounts here, on Bitcointalk?

Somehow subpoenaing theymos doesn't sound quite good and encouraging, though running a background forum (if it ever comes to that) is a lot easier than running an exchange or a mixer service. Regarding Bitfinex, what makes you think that it is in fact a Western exchange? Last time I checked they looked more like a Hong-Kong based operation (though things might have changed dramatically since then). Are you sure that you are not confusing them with BitStamp?

even odds

I would bet on the Slavic testes, as has been said before...they could have bailed at-any-time in the past, but did not

I am really hoping that the delay and silence just means that they are wrapping their brains around what this is going to require...I could be wrong

I really do not care if the FBI sets up a pishing honeypot, they are criminals after all, and I would also try to login if this legit FBI phising site, so they would know already that there is somebody behind my account. But its just speculation, they do not have much funds after all.

You are very wrong and have a very bad understanding of how bitcoin works.

i would think that the feds are subpoenaing theymos and Twitter for access to the btc-e accounts. we need some cryptographic proof of the domain they set up (if they do relaunch) from some of their known addresses. the feds could be setting up honeypots, and there's gonna be a hell of a lot of fake phishing sites trying to get your btc-e logins.

given that bitfinex is still the biggest western exchange and still doesn't have fiat flowing, i'd say there's still a chance here....


what kind of odds are you looking for?

is there a market where I can bet on this?

I wish I had your confidence, but the Bitfinex situation was quite different. Bitfinex may have gotten a slap on the wrist from the CFTC, but they don't have the FBI and DOJ's criminal division chasing after the owners. At least as far as we know.

USDT might be tenable but I don't see how BTC-e could accumulate it. Their coins are also at risk of being blacklisted by exchanges (including USDT). If they come back, it will be a very interesting test of fungibility in bitcoin and other crypto. I don't have the greatest feeling about it....

im sure btc-e will be back and will pay money off, BFX "lost" 60 mil and still works, BTC-E will also get back maybe with different name but money will be there, possibly just USD will be changed to USDT or so

If BTC-e manage to get their servers up and running somewhere safer, I am sure they will let us know the URL.
It doesn't pay to speculate on domain names as a sign of progress, they are the least of the problems.
Getting hosting, IP's, DDoS protection, synced wallets etc. all has to be in place before then, and that's just to get crypto flowing, the tip of the iceberg. Getting fiat flowing is the mega-drama.