Topic: BTC-e hacked ?? - page 61. (Read 199770 times)
If they have the database, they have all and fbi has nothing but some fiat (and maybe some hot wallet crypto)
How do you guys think the balances could be transferred to a new platform and authenticate?
Can the usernames and passwords (I assume hashed) and the 2FA settings migrated?
Cant imagine that would be easy!
They have the database, it's just a matter of setting up the db and site on another server. Not that hard. Can the usernames and passwords (I assume hashed) and the 2FA settings migrated?
Cant imagine that would be easy!
How do you guys think the balances could be transferred to a new platform and authenticate?
Can the usernames and passwords (I assume hashed) and the 2FA settings migrated?
Cant imagine that would be easy!
Can the usernames and passwords (I assume hashed) and the 2FA settings migrated?
Cant imagine that would be easy!
If btc-e get to refund any coin it would be a victory from the anarchic world of crypto against the old government/fiat/authoritarian world
This doesn't make any sense. If they were using btce for their liquidity and to execute orders, didn't they just lose all their btc/usd?
Old news. If you do not care to follow this thread, either you didn't lose enough or didn't lose anything.
xBTCe announcment:
Dear clients,
Our company has received a lot of questions from you in recent days, and we would like to comment on the most frequent ones.
It is business as usual at xBTCe Exchange. Traders may occasionally experience lack of liquidity, but we are doing our best to ensure that these issues are resolved in the near future.
Withdrawal requests are being processed as usual. In addition, we have recently introduced an automatic withdrawal feature allowing to send cryptocurrency to client wallets instantly.
It is important to note that xBTCe is an independent exchange and is not affiliated with BTC-e in any way. BTC-e previously provided its liquidity to our exchange, whereas xBTCe
offered BTC-e and their clients IT solutions for KYC and CDD procedures in accordance with the world’s best practices. The termination of BTC-e came completely unexpected and
led to short-term problems with the execution of trading orders on our exchange, which have now been mostly resolved.
xBTCe team is actively working to ensure deep liquidity and will continue to offer innovative trading tools and competitive trading conditions to our clients.
Sincerely,
xBTCe Team
Dear clients,
Our company has received a lot of questions from you in recent days, and we would like to comment on the most frequent ones.
It is business as usual at xBTCe Exchange. Traders may occasionally experience lack of liquidity, but we are doing our best to ensure that these issues are resolved in the near future.
Withdrawal requests are being processed as usual. In addition, we have recently introduced an automatic withdrawal feature allowing to send cryptocurrency to client wallets instantly.
It is important to note that xBTCe is an independent exchange and is not affiliated with BTC-e in any way. BTC-e previously provided its liquidity to our exchange, whereas xBTCe
offered BTC-e and their clients IT solutions for KYC and CDD procedures in accordance with the world’s best practices. The termination of BTC-e came completely unexpected and
led to short-term problems with the execution of trading orders on our exchange, which have now been mostly resolved.
xBTCe team is actively working to ensure deep liquidity and will continue to offer innovative trading tools and competitive trading conditions to our clients.
Sincerely,
xBTCe Team
wtf, how would that work, using another exchange for kyc cdd on new customers for themselves? were'nt they a sister group of btce or a full partner?
If BTC-e tries to refund customers it will be using crypto after socializing losses.
I'm not sure that socializing the losses is a smart move.
Innocent users will compensate the balances of "drug dealers and other illicit users" that originate the problem itself.
You will use part of your money, to compensate illicit traders that cost you the money you lost.
Well they might be willing to refund drug and weapons dealers before innocent peopole since they might chase and kill them and we can only cry out loud for our money
xBTCe announcment:
Dear clients,
Our company has received a lot of questions from you in recent days, and we would like to comment on the most frequent ones.
It is business as usual at xBTCe Exchange. Traders may occasionally experience lack of liquidity, but we are doing our best to ensure that these issues are resolved in the near future.
Withdrawal requests are being processed as usual. In addition, we have recently introduced an automatic withdrawal feature allowing to send cryptocurrency to client wallets instantly.
It is important to note that xBTCe is an independent exchange and is not affiliated with BTC-e in any way. BTC-e previously provided its liquidity to our exchange, whereas xBTCe
offered BTC-e and their clients IT solutions for KYC and CDD procedures in accordance with the world’s best practices. The termination of BTC-e came completely unexpected and
led to short-term problems with the execution of trading orders on our exchange, which have now been mostly resolved.
xBTCe team is actively working to ensure deep liquidity and will continue to offer innovative trading tools and competitive trading conditions to our clients.
Sincerely,
xBTCe Team
Dear clients,
Our company has received a lot of questions from you in recent days, and we would like to comment on the most frequent ones.
It is business as usual at xBTCe Exchange. Traders may occasionally experience lack of liquidity, but we are doing our best to ensure that these issues are resolved in the near future.
Withdrawal requests are being processed as usual. In addition, we have recently introduced an automatic withdrawal feature allowing to send cryptocurrency to client wallets instantly.
It is important to note that xBTCe is an independent exchange and is not affiliated with BTC-e in any way. BTC-e previously provided its liquidity to our exchange, whereas xBTCe
offered BTC-e and their clients IT solutions for KYC and CDD procedures in accordance with the world’s best practices. The termination of BTC-e came completely unexpected and
led to short-term problems with the execution of trading orders on our exchange, which have now been mostly resolved.
xBTCe team is actively working to ensure deep liquidity and will continue to offer innovative trading tools and competitive trading conditions to our clients.
Sincerely,
xBTCe Team
If BTC-e tries to refund customers it will be using crypto after socializing losses.
I'm not sure that socializing the losses is a smart move.
Innocent users will compensate the balances of "drug dealers and other illicit users" that originate the problem itself.
You will use part of your money, to compensate illicit traders that cost you the money you lost.
Obviusly, we cannot. But maybe BTC-e itself can, who knows.
Quote
The USA and the FBI did this already. They say, btce and everybody related to it is a criminal. btce's trollbox was the communication back end of the Medllin Cartel and Pablo's ghost was seen there many times.
I actually read all the indictment pdf... and no, accusations were not directed to all users no matter what
That's one of the reasons I hope that, with time, honest traders can also recover sized money from Feds.
LibertyReserve had a program to recover seized balances, if you can prove they were legit.
(do not know how it went)
If BTC-e tries to refund customers it will be using crypto after socializing losses.
I'm not sure that socializing the losses is a smart move.
Innocent users will compensate the balances of "drug dealers and other illicit users" that originate the problem itself.
You will use part of your money, to compensate illicit traders that cost you the money you lost.
How anybody can decide who is the drug dealer and who's not?
Oh, well, wait!
The USA and the FBI did this already. They say, btce and everybody related to it is a criminal. btce's trollbox was the communication back end of the Medllin Cartel and Pablo's ghost was seen there many times.
100% refund is impossible in this situation. All their cash and part of cryptocurrencies were seized by the US government.
Don't spread fud like that. At least try to be reasonable. Why do you believe all fiat is gone?
Did Maysuz hold all btce funds? Well, it could be that Maysuz held all btce fiat funds, but it
is very doubtful, most probably they were the "hot wallet" for fiat. "Fiat cold storage" could be anywhere.
If BTC-e tries to refund customers it will be using crypto after socializing losses.
I'm not sure that socializing the losses is a smart move.
Innocent users will compensate the balances of "drug dealers and other illicit users" that originate the problem itself.
You will use part of your money, to compensate illicit traders that cost you the money you lost.
i dont think they were "hacked" , the owner of that website has been detained in greece.
How about read the thread first before posting?
You would learn that BTC-e have said the Vinnik, the person that was arrested in Greece was not and admin or employee of BTC-e.
You would also learn the the FBI seized the BTC-e servers, that's why they are offline.
Their bank accounts have been seized.
Their crypto wallets are all safe and they a looking into getting them back online before the end of the month.
i dont think they were "hacked" , the owner of that website has been detained in greece.
100% refund is impossible in this situation. All their cash and part of cryptocurrencies were seized by the US government.
Hard to tell at this point, but it sounded like only the hotwallets were compromised (which should be a small percentage of total cryptos). Also, as stated earlier in the thread, even if you had a lot in fiat on btc-e, it wasn't actually kept as USD on a bank account. At this point it's anyones guess how much was actually seized.
I don't believe we'll see 100% directly, but something like "50% now, 50% when we made the money back from trading" is not impossible. If they want to keep any users at all on their site (assuming they will be able to operate again), a partial reimbursement would only make people leave it for good. But we'll see how things turns out, will be really interesting to hear what they have to say next week.
I'm not so sure they will "socialize losses". Say they offer 50% back, that would hurt a lot for people having hundreds of thousands of dollars on the site, while someone with $500 wouldn't care too much. In previous hacks or similar situations it seems the aim is to give a 100% refund. I understand if they can't do it straight away, but I'm guessing something like "50% now, 50% over the next X months" to keep up with demand and make the money back.
100% refund is impossible in this situation. All their cash and part of cryptocurrencies were seized by the US government.
I'm not so sure they will "socialize losses". Say they offer 50% back, that would hurt a lot for people having hundreds of thousands of dollars on the site, while someone with $500 wouldn't care too much. In previous hacks or similar situations it seems the aim is to give a 100% refund. I understand if they can't do it straight away, but I'm guessing something like "50% now, 50% over the next X months" to keep up with demand and make the money back.
If BTC-e tries to refund customers it will be using crypto after socializing losses.
There is no way they can use wires since they would be blacklisted and after the first wire the FBI would seize the bank account the wire came from.
And even if they refund with crypto you should be very careful. All crypto wallets that receive founds from BTC-e could be blacklisted and then when you try to cash out in any other exchange they might block your accounts in order to prevent the FBI seize their site for money laundering. You'd do well to move your crypto through thousand of wallets prior to send them to any exchange and then cahs out in small chunks. At leats that are my plans if I get any refund in crypto.
By the way I don't think the FBI seized all their FIAT but they probably are chasing them through a lot of instrumental companies owned by another companies in many tax haven countries like a matrioska Russian doll. The problem is how will they can cash out their fiat and how to secure it before the FBI gets to them.
Returning the service with the charges they have is not an option unless they arrange with the US DOJ to remove the charges and register as legal MSB after paying a big fine. I think this option is very unlikely but not impossible.
There is no way they can use wires since they would be blacklisted and after the first wire the FBI would seize the bank account the wire came from.
And even if they refund with crypto you should be very careful. All crypto wallets that receive founds from BTC-e could be blacklisted and then when you try to cash out in any other exchange they might block your accounts in order to prevent the FBI seize their site for money laundering. You'd do well to move your crypto through thousand of wallets prior to send them to any exchange and then cahs out in small chunks. At leats that are my plans if I get any refund in crypto.
By the way I don't think the FBI seized all their FIAT but they probably are chasing them through a lot of instrumental companies owned by another companies in many tax haven countries like a matrioska Russian doll. The problem is how will they can cash out their fiat and how to secure it before the FBI gets to them.
Returning the service with the charges they have is not an option unless they arrange with the US DOJ to remove the charges and register as legal MSB after paying a big fine. I think this option is very unlikely but not impossible.
fuk that sound pretty logical... thanks for ruining my day
now i will go into the fukin corner to cry more T_T"
If BTC-e tries to refund customers it will be using crypto after socializing losses.
There is no way they can use wires since they would be blacklisted and after the first wire the FBI would seize the bank account the wire came from.
And even if they refund with crypto you should be very careful. All crypto wallets that receive founds from BTC-e could be blacklisted and then when you try to cash out in any other exchange they might block your accounts in order to prevent the FBI seize their site for money laundering. You'd do well to move your crypto through thousand of wallets prior to send them to any exchange and then cahs out in small chunks. At leats that are my plans if I get any refund in crypto.
By the way I don't think the FBI seized all their FIAT but they probably are chasing them through a lot of instrumental companies owned by another companies in many tax haven countries like a matrioska Russian doll. The problem is how will they can cash out their fiat and how to secure it before the FBI gets to them.
Returning the service with the charges they have is not an option unless they arrange with the US DOJ to remove the charges and register as legal MSB after paying a big fine. I think this option is very unlikely but not impossible.
There is no way they can use wires since they would be blacklisted and after the first wire the FBI would seize the bank account the wire came from.
And even if they refund with crypto you should be very careful. All crypto wallets that receive founds from BTC-e could be blacklisted and then when you try to cash out in any other exchange they might block your accounts in order to prevent the FBI seize their site for money laundering. You'd do well to move your crypto through thousand of wallets prior to send them to any exchange and then cahs out in small chunks. At leats that are my plans if I get any refund in crypto.
By the way I don't think the FBI seized all their FIAT but they probably are chasing them through a lot of instrumental companies owned by another companies in many tax haven countries like a matrioska Russian doll. The problem is how will they can cash out their fiat and how to secure it before the FBI gets to them.
Returning the service with the charges they have is not an option unless they arrange with the US DOJ to remove the charges and register as legal MSB after paying a big fine. I think this option is very unlikely but not impossible.
Jump to: