at least i get my stuff back, that is what matters
but if btc-e gets fully operable online again, i will stay for sure.
Topic: BTC-e hacked ?? - page 62. (Read 199770 times)
Doesnt matter how i get my fiat back, even coins are alright too
at least i get my stuff back, that is what matters
but if btc-e gets fully operable online again, i will stay for sure.
at least i get my stuff back, that is what matters
but if btc-e gets fully operable online again, i will stay for sure.
btce was very clear with their statements about refunds. EVERYBODY gets a refund in case they won't come back online. Not only people with coins. Don't be fooled, of course losses will be socialized, you won't get your 100% deposit back.
How do you see that playing out? Say, 50% of the fiat got seized. Assuming they could somehow figure out ways to process that fiat to some people, how would the rest of the losses be spread around? For those that had only USD in their accounts, would they have bitcoin and random altcoins instead upon relaunch?
It is pure speculation about what exactly they will do, however they stated "everybody will get a refund" and "all was based on trust and still can trust us". Why would they not include fiat owners in a refund scheme? This thinking would only come from the FBI trolls.
There are many options and I doubt they will send any fiat back to customers (because these bank accounts the fiat would be remitted from could be seized too, it would be a dumb idea). I guess with the fiat under their control they will going to buy bitcoin and other coins.
btce was very clear with their statements about refunds. EVERYBODY gets a refund in case they won't come back online. Not only people with coins. Don't be fooled, of course losses will be socialized, you won't get your 100% deposit back.
How do you see that playing out? Say, 50% of the fiat got seized. Assuming they could somehow figure out ways to process that fiat to some people, how would the rest of the losses be spread around? For those that had only USD in their accounts, would they have bitcoin and random altcoins instead upon relaunch?
btce was very clear with their statements about refunds. EVERYBODY gets a refund in case they won't come back online. Not only people with coins. Don't be fooled, of course losses will be socialized, you won't get your 100% deposit back.
Everything above 50% will be like the best Christmas gift ever.
For myself, everything above 60% refund I will either send back directly to btce as a donation or just donate it to some hospital. Fuck the greed.
Everything above 50% will be like the best Christmas gift ever.
For myself, everything above 60% refund I will either send back directly to btce as a donation or just donate it to some hospital. Fuck the greed.
Well, following my Peercoin, I can see mine have gone here:
https://chainz.cryptoid.info/ppc/address.dws?PJoTa6ScCbtP23aJfDUg88do79t14FWUXW.htm
And by the looks of it, so have the PPC of many, many others...
I had about 600 of those on BTC-e...
https://chainz.cryptoid.info/ppc/address.dws?PJoTa6ScCbtP23aJfDUg88do79t14FWUXW.htm
And by the looks of it, so have the PPC of many, many others...
I had about 600 of those on BTC-e...
It seems that most of the crypto wallets have been moved/consolidated at this point. It's not entirely clear whether the feds, or BTC-e, moved them. BUT they did post a message last night which said they recovered their database and have access to their wallets. No details on how much crypto may have been seized. They also confirmed that Mayzus froze their accounts. No word on how much $ that represented.
If BTC-E will continue to operate in normal mode it will be the best ever promo operation sponsored by FBI
this
overnight they would become a beacon of global liberty, it would be a powerful statement...and I would start fearing for their physical safety
This would be pretty boss, and I give the "Russian big balls, FU America" outcome a 2% chance of happening. That's because trying to run an exchange with a million users while the FBI is chasing you is a losing prospect.
But there's a 2% chance that they're badass enough to do it anyway. Cuz Russians.
Well, following my Peercoin, I can see mine have gone here:
https://chainz.cryptoid.info/ppc/address.dws?PJoTa6ScCbtP23aJfDUg88do79t14FWUXW.htm
And by the looks of it, so have the PPC of many, many others...
I had about 600 of those on BTC-e...
https://chainz.cryptoid.info/ppc/address.dws?PJoTa6ScCbtP23aJfDUg88do79t14FWUXW.htm
And by the looks of it, so have the PPC of many, many others...
I had about 600 of those on BTC-e...
interesting find....use google translate with google chrome. Has Mayzus from the owner of OKPAY and MoneyPolo who worked with BTC-E doign wire transfers and fiat related stuff.
https://forum.bits.media/index.php?/topic/3087-birzha-btc-ecom/page-479
I think you mean this article (in Czech language): http://archiv.ihned.cz/c1-65831410-stopy-miliardoveho-podvodu-s-bitcoiny-vedou-i-do-ceska-s-uzavrenou-burzou-spolupracovaly-prazske-firmyhttps://forum.bits.media/index.php?/topic/3087-birzha-btc-ecom/page-479
Next time if you need a Russian-English translation then PM me or ask in this topic
Opposite to what? When you deposit into an exchange you are not given fiat value into your exchange balance, but you are given only RIGHTS to trade onto their exchange with their offered value of your deposited asset.
You have to consider that, like crypto hot wallets, an exchange also have "fiat hot wallets" to address user fiat conversion requests on daily basis.
This means that part of the crypto coins must have been converted in to FIAT before the takedown. To allow users to withdraw if requested.
Exchanges usually convert a percentage of users' coins daily to feed FIAT hot and cold wallets.
Therefore, since the "FIAT hot and cold wallet" are presumably lost, a complete refund of all the assets is quite difficult, especially on the FIAT side.
But hey, I hope I'm wrong
interesting find....use google translate with google chrome. Has Mayzus from the owner of OKPAY and MoneyPolo who worked with BTC-E doign wire transfers and fiat related stuff.
https://forum.bits.media/index.php?/topic/3087-birzha-btc-ecom/page-479
https://forum.bits.media/index.php?/topic/3087-birzha-btc-ecom/page-479
not "official" perhaps, and there isn't one displaying at the moment, but if you watch the war on http://isis.liveuamap.com/ for a couple days you will see Daesh affiliated tweets listed
My point being, if these fucks can maintain an online presence, surely a technically savvy, and wealthy, group of Slavs should be able to.
Usually i'm trying to avoid visiting sites like this not to attract attention to my person from Federal Security Service My point being, if these fucks can maintain an online presence, surely a technically savvy, and wealthy, group of Slavs should be able to.
just to be clear http://liveuamap.com/ is NOT affiliated, it is a conflict news aggregator, I find it very useful
not "official" perhaps, and there isn't one displaying at the moment, but if you watch the war on http://isis.liveuamap.com/ for a couple days you will see Daesh affiliated tweets listed
My point being, if these fucks can maintain an online presence, surely a technically savvy, and wealthy, group of Slavs should be able to.
Usually i'm trying to avoid visiting sites like this not to attract attention to my person from Federal Security Service My point being, if these fucks can maintain an online presence, surely a technically savvy, and wealthy, group of Slavs should be able to.
just to be clear http://liveuamap.com/ is NOT affiliated, it is a conflict news aggregator, I find it very useful
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so the balance should be high unless seized. Same goes for their crypto wallets.
so the balance should be high unless seized. Same goes for their crypto wallets.
I totally agree, I posted the same explanation several comments before
The point is "unless seized". If seized they cannot magically appear from thin air. Neither FIAT, nor crypto.
We already know that something has been seized so... We can only wait and see how much
not "official" perhaps, and there isn't one displaying at the moment, but if you watch the war on http://isis.liveuamap.com/ for a couple days you will see Daesh affiliated tweets listed
My point being, if these fucks can maintain an online presence, surely a technically savvy, and wealthy, group of Slavs should be able to.
Usually i'm trying to avoid visiting sites like this to not attract the attention to my person from Federal Security Service My point being, if these fucks can maintain an online presence, surely a technically savvy, and wealthy, group of Slavs should be able to.
ISIS/Daesh seem to get away with it
Do they have an official twitter account? Seriously? not "official" perhaps, and there isn't one displaying at the moment, but if you watch the war on http://isis.liveuamap.com/ for a couple days you will see Daesh affiliated tweets listed
My point being, if these fucks can maintain an online presence, surely a technically savvy, and wealthy, group of Slavs should be able to.
You can't convert crypto into fiat. You can trade one for the other with someone but you cant convert them, it's not alchemy, it's just a change of ownership. Exchanges like BTC-e have bank accounts which people transfer by wire and other means funds into to purchase BTC-e "casino tokens" called USD/RUR/EUR which they can gamble and trade with other BTC-e users for fiat or crypto tokens. The bank account balance doesn't change for those trades, it only changes when people cash out their tokens or make a new deposit, or when BTC-e take their fees out, so the balance should be high unless seized. Same goes for their crypto wallets.
Unless an exchange is trading their bank account fiat and crypto coins on some other exchange.
Also it is impossible to know have people deposited more fiat then it was withdrawn or vice versa. Exchange running out of one currency is possible.
Opposite to what? When you deposit into an exchange you are not given fiat value into your exchange balance, but you are given only RIGHTS to trade onto their exchange with their offered value of your deposited asset.
You have to consider that, like crypto hot wallets, an exchange also have "fiat hot wallets" to address user fiat conversion requests on daily basis.
This means that part of the crypto coins must have been converted in to FIAT before the takedown. To allow users to withdraw if requested.
Exchanges usually convert a percentage of users' coins daily to feed FIAT hot and cold wallets.
Therefore, since the "FIAT hot and cold wallet" are presumably lost, a complete refund of all the assets is quite difficult, especially on the FIAT side.
But hey, I hope I'm wrong
You can't convert crypto into fiat. You can trade one for the other with someone but you cant convert them, it's not alchemy, it's just a change of ownership. Exchanges like BTC-e have bank accounts which people transfer by wire and other means funds into to purchase BTC-e "casino tokens" called USD/RUR/EUR which they can gamble and trade with other BTC-e users for fiat or crypto tokens, coins are not changing hands, only an IOU is changing hands in the BTC-e database. The bank account balance doesn't change for those trades, it only changes when people cash out their IOU or make a new deposit, or when BTC-e take their fees out, so the balance should be high unless seized. Same goes for their crypto wallets.
Opposite to what? When you deposit into an exchange you are not given fiat value into your exchange balance, but you are given only RIGHTS to trade onto their exchange with their offered value of your deposited asset.
You have to consider that, like crypto hot wallets, an exchange also have "fiat hot wallets" to address user fiat conversion requests on daily basis.
This means that part of the crypto coins must have been converted in to FIAT before the takedown. To allow users to withdraw if requested.
Exchanges usually convert a percentage of users' coins daily to feed FIAT hot and cold wallets.
Therefore, since the "FIAT hot and cold wallet" are presumably lost, a complete refund of all the assets is quite difficult, especially on the FIAT side.
But hey, I hope I'm wrong
You are right but those fiat hot wallets are insignificant to total value. Mayzus is not a bank so they have forwarded all deposits to BTC-e bank account. So only non settled withdrawal and deposit transactions are lost. There could also be situations when an exchange is completely out of required withdrawal hard currency and then they need to get or to borrow it from another source. But an exchange is not into obligation to keep exact amount of each currency as their client's exchange balances are.
Opposite to what? When you deposit into an exchange you are not given fiat value into your exchange balance, but you are given only RIGHTS to trade onto their exchange with their offered value of your deposited asset.
You have to consider that, like crypto hot wallets, an exchange also have "fiat hot wallets" to address user fiat conversion requests on daily basis.
This means that part of the crypto coins must have been converted in to FIAT before the takedown. To allow users to withdraw if requested.
Exchanges usually convert a percentage of users' coins daily to feed FIAT hot and cold wallets.
Therefore, since the "FIAT hot and cold wallet" are presumably lost, a complete refund of all the assets is quite difficult, especially on the FIAT side.
But hey, I hope I'm wrong
ISIS/Daesh seem to get away with it
Do they have an official twitter account? Seriously? Jump to: