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Topic: BTC-E.com will be back (Read 3788 times)

sr. member
Activity: 613
Merit: 305
August 02, 2017, 09:00:55 AM
#50
Are you saying that russian customers are selling their btc-e usernames? And that means the site is live somewhere on some IP ?
legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
August 02, 2017, 04:53:07 AM
#49
is anyone offering odds on the exchange relaunching? are people selling accounts? i guess a decent sample of account sales, judging by the percentage slashed off the value, would tell us the odds.

I saw an account for sale a few days ago, before the news of the FBI seizure had become widespread. I didn't see anything in Digital Goods just now.

I imagine there are some account sales happening (if this is anything like Gox), but they're probably more likely to be taking place on the Russian forums than the marketplace here.
legendary
Activity: 1652
Merit: 1483
August 02, 2017, 04:29:13 AM
#48
is anyone offering odds on the exchange relaunching? are people selling accounts? i guess a decent sample of account sales, judging by the percentage slashed off the value, would tell us the odds.
hero member
Activity: 588
Merit: 500
August 02, 2017, 01:24:04 AM
#47
I hope it does come back!
I have traded on there for years and got stung just like the rest of you.
Maybe they will keep their word and give us back even some of our coin!!

In order to give people their coins, and possibly their fiat back, things first need to be made clear as in btc-e speaking out who is currently in control of what number of funds. If the government is in control of the majority of the total funds, then just forget about getting anything back. If btc-e still has access to a major part of the funds, while I must admit that the chances for this to be reality are on the very low side, people actually have a tiny bit of positivity to hope for. That being said, there is nothing more to lose, so we shouldn't get upset if things aren't going to play out as most people (me included) were hoping for.

Yes that would be nice to get some back!!
I hope they have the cold wallets!!!!!!!!!!


You hope?? Of course they have, come on..

I don't believe that the feds would have got the private keys, of course they were encrypted and backupped in cold storage.
Only a stupid can operate a site with billions of dollars without using encryption

Do we know the actual administrator names at least? I suppose that many people trusted them in the past years just because their identities are public and not anonymous.. right?
The exchange was on the market for many years. They made an announcement that all money are going to pay back to all users and even called the date 1st September.
sr. member
Activity: 613
Merit: 305
August 01, 2017, 10:00:37 PM
#46
I hope it does come back!
I have traded on there for years and got stung just like the rest of you.
Maybe they will keep their word and give us back even some of our coin!!

In order to give people their coins, and possibly their fiat back, things first need to be made clear as in btc-e speaking out who is currently in control of what number of funds. If the government is in control of the majority of the total funds, then just forget about getting anything back. If btc-e still has access to a major part of the funds, while I must admit that the chances for this to be reality are on the very low side, people actually have a tiny bit of positivity to hope for. That being said, there is nothing more to lose, so we shouldn't get upset if things aren't going to play out as most people (me included) were hoping for.

Yes that would be nice to get some back!!
I hope they have the cold wallets!!!!!!!!!!


You hope?? Of course they have, come on..

I don't believe that the feds would have got the private keys, of course they were encrypted and backupped in cold storage.
Only a stupid can operate a site with billions of dollars without using encryption

Do we know the actual administrator names at least? I suppose that many people trusted them in the past years just because their identities are public and not anonymous.. right?
full member
Activity: 196
Merit: 104
August 01, 2017, 09:38:57 PM
#45
I had about 930 NMC on there when they went down and that was it. Hoping this will be easier for them to refund then other things (such as fiat or BTC which may have had at least a portion siezed). Gut feeling is if they come back then most alt-coin holders will be ok but can't say for everything else.
newbie
Activity: 15
Merit: 0
August 01, 2017, 07:18:44 PM
#44
I hope it does come back!
I have traded on there for years and got stung just like the rest of you.
Maybe they will keep their word and give us back even some of our coin!!

In order to give people their coins, and possibly their fiat back, things first need to be made clear as in btc-e speaking out who is currently in control of what number of funds. If the government is in control of the majority of the total funds, then just forget about getting anything back. If btc-e still has access to a major part of the funds, while I must admit that the chances for this to be reality are on the very low side, people actually have a tiny bit of positivity to hope for. That being said, there is nothing more to lose, so we shouldn't get upset if things aren't going to play out as most people (me included) were hoping for.

Yes that would be nice to get some back!!
I hope they have the cold wallets!!!!!!!!!!
legendary
Activity: 1232
Merit: 1091
August 01, 2017, 07:06:39 PM
#43
I hope it does come back!
I have traded on there for years and got stung just like the rest of you.
Maybe they will keep their word and give us back even some of our coin!!

In order to give people their coins, and possibly their fiat back, things first need to be made clear as in btc-e speaking out who is currently in control of what number of funds. If the government is in control of the majority of the total funds, then just forget about getting anything back. If btc-e still has access to a major part of the funds, while I must admit that the chances for this to be reality are on the very low side, people actually have a tiny bit of positivity to hope for. That being said, there is nothing more to lose, so we shouldn't get upset if things aren't going to play out as most people (me included) were hoping for.
newbie
Activity: 15
Merit: 0
August 01, 2017, 06:19:08 PM
#42
All of the money (cash) that went to btc-e went through the uk from okpay etc to Mayzus Finical Services.
This is a UK based company which means the cash passed through the UK and we now have legal recourse to take on BTC-e in UK
 
Mayzus Directors

2 officers / 0 resignations
ROZHOK, Nikolay
Correspondence address
869 High Road, London, United Kingdom, N12 8QA
Role Active
Director
Date of birth
August 1978
Appointed on
13 October 2008
Nationality
Russian
Country of residence
Czech Republic
Occupation
Director


RUSSELL, Christian
Correspondence address
869 High Road, London, United Kingdom, N12 8QA
Role Active
Director
Date of birth
March 1975
Appointed on
1 August 2015
Nationality
British
Country of residence
United Kingdom
Occupation
Director
full member
Activity: 952
Merit: 137
August 01, 2017, 06:06:00 PM
#41
last news got my hopes up and im pretty curious what will happen during august Smiley

its like a episode of game of thrones, lately <.<"
newbie
Activity: 15
Merit: 0
August 01, 2017, 05:15:33 PM
#40
I hope it does come back!
I have traded on there for years and got stung just like the rest of you.
Maybe they will keep their word and give us back even some of our coin!!
hero member
Activity: 1372
Merit: 500
August 01, 2017, 01:31:39 PM
#39
But everything points to Vinnik not being an owner or even significant admin.

For obvious reasons, that's what they want the general public, and especially the US authorities to believe. It's the only possible way of having at least a slight possibility of returning. Important to not forget is that no matter how you look at it, BTC-E has been used to launder/store the stolen MtGox coins - this alone gives the authorities enough reason to prevent this exchange from relaunching in whatever form. And if that isn't enough, there are a few more serious cases they are connected to. In that regard, the hot wallet funds that are now in the hands of the authorities, will never be returned back to their original owners. The only hope of seeing anything back should be based on what's going to happen with BTC-E's cold wallet funds. These are still under control of whatever BTC-E entity.

What percentage would they have kept in hot vs cold wallets, approximately, do you think?

Hot wallets should be a tiny fraction of total exchange net worth. One thing i noticed about BTC-e though was withdraws were always super quick like quicker than any other exchange.  So im guessing this means in general they kept a larger hot wallet.
legendary
Activity: 2170
Merit: 1427
August 01, 2017, 11:03:51 AM
#38
What percentage would they have kept in hot vs cold wallets, approximately, do you think?
It's very difficult to say, as there is no way we can look into how BTC-E structured their cold/hot coin ratios. In general, and that's more an estimate of how previously hacked exchanges have divided their different storage forms, it would be something in the range of 25% hot wallets, and 75% cold wallets. Ultimately, and that's the worst case scenario, the cold storage ratio should never be under the 50% level.

i hope they still have control of the cold wallets, but how do you know? any movement we see on the blockchain could be the btc-e admins OR the feds. either way, this is a shit sandwich for all involved. i had a little dough there, waiting to buy back, i consider it lost. sucks. Cry
It's impossible to know for sure, but the good thing is that there is no clear indication of where BTC-E is located. And even if that was the case, the funds BTC-E has locked into cold storage could be sitting in a whole different location. I am a victim as well; +$10,000 in fiat, and +5BTC is very likely never going to be seen again by me.
legendary
Activity: 1652
Merit: 1483
August 01, 2017, 05:58:50 AM
#37
But everything points to Vinnik not being an owner or even significant admin.

For obvious reasons, that's what they want the general public, and especially the US authorities to believe. It's the only possible way of having at least a slight possibility of returning. Important to not forget is that no matter how you look at it, BTC-E has been used to launder/store the stolen MtGox coins - this alone gives the authorities enough reason to prevent this exchange from relaunching in whatever form. And if that isn't enough, there are a few more serious cases they are connected to. In that regard, the hot wallet funds that are now in the hands of the authorities, will never be returned back to their original owners. The only hope of seeing anything back should be based on what's going to happen with BTC-E's cold wallet funds. These are still under control of whatever BTC-E entity.

i hope they still have control of the cold wallets, but how do you know? any movement we see on the blockchain could be the btc-e admins OR the feds. either way, this is a shit sandwich for all involved. i had a little dough there, waiting to buy back, i consider it lost. sucks. Cry
sr. member
Activity: 714
Merit: 250
August 01, 2017, 05:58:16 AM
#36
But everything points to Vinnik not being an owner or even significant admin.

For obvious reasons, that's what they want the general public, and especially the US authorities to believe. It's the only possible way of having at least a slight possibility of returning. Important to not forget is that no matter how you look at it, BTC-E has been used to launder/store the stolen MtGox coins - this alone gives the authorities enough reason to prevent this exchange from relaunching in whatever form. And if that isn't enough, there are a few more serious cases they are connected to. In that regard, the hot wallet funds that are now in the hands of the authorities, will never be returned back to their original owners. The only hope of seeing anything back should be based on what's going to happen with BTC-E's cold wallet funds. These are still under control of whatever BTC-E entity.

What percentage would they have kept in hot vs cold wallets, approximately, do you think?
legendary
Activity: 2170
Merit: 1427
August 01, 2017, 05:32:24 AM
#35
But everything points to Vinnik not being an owner or even significant admin.

For obvious reasons, that's what they want the general public, and especially the US authorities to believe. It's the only possible way of having at least a slight possibility of returning. Important to not forget is that no matter how you look at it, BTC-E has been used to launder/store the stolen MtGox coins - this alone gives the authorities enough reason to prevent this exchange from relaunching in whatever form. And if that isn't enough, there are a few more serious cases they are connected to. In that regard, the hot wallet funds that are now in the hands of the authorities, will never be returned back to their original owners. The only hope of seeing anything back should be based on what's going to happen with BTC-E's cold wallet funds. These are still under control of whatever BTC-E entity.
newbie
Activity: 56
Merit: 0
August 01, 2017, 03:54:33 AM
#34
Stop hoping for this exchange to come back. The owner itself is on the jail and crying. This must give a lesson for all traders that don't let your coins stay on an exchange. All exchange has a chance to collapse even though how trusted they are right now

You are very delusional,
https://bitcointalksearch.org/topic/--2056158
member
Activity: 88
Merit: 10
August 01, 2017, 03:05:18 AM
#33
It was later confirmed that the so called unscheduled maintenance was due to the authorities (FBI) going into their data center and gathering evidence about the coins deposited from Mt. Go to BTC-e. They said that they will resume by Aug. 6 but I doubt it will happened that quick. Also worth mentioning that they will return funds for its customers. But the question is how long will it take them to give back the funds to its users.

Stop hoping for this exchange to come back. The owner itself is on the jail and crying. This must give a lesson for all traders that don't let your coins stay on an exchange. All exchange has a chance to collapse even though how trusted they are right now

They already refuse to acknowledge or maintain any connection with Vinnik. Yes, this is really an eye opener who still believes that having your life savings in an exchange is safe. Like we always says here, if you don't have control of the private keys, its not your coin. Also the Mt. Gox incident should already thought us a lesson or two. I'm just sayin'.

Where can I read about this? What do I have to do?

Thanks
legendary
Activity: 3080
Merit: 1353
August 01, 2017, 02:50:03 AM
#32
It was later confirmed that the so called unscheduled maintenance was due to the authorities (FBI) going into their data center and gathering evidence about the coins deposited from Mt. Go to BTC-e. They said that they will resume by Aug. 6 but I doubt it will happened that quick. Also worth mentioning that they will return funds for its customers. But the question is how long will it take them to give back the funds to its users.

Stop hoping for this exchange to come back. The owner itself is on the jail and crying. This must give a lesson for all traders that don't let your coins stay on an exchange. All exchange has a chance to collapse even though how trusted they are right now

They already refuse to acknowledge or maintain any connection with Vinnik. Yes, this is really an eye opener who still believes that having your life savings in an exchange is safe. Like we always says here, if you don't have control of the private keys, its not your coin. Also the Mt. Gox incident should already thought us a lesson or two. I'm just sayin'.
hero member
Activity: 1078
Merit: 514
August 01, 2017, 02:16:38 AM
#31
Well, they are promissing it is going to be so, but who knows what is going to be in real. Of course I hope for positive end, even if I wasn't a participant on the exchanger  Smiley
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