It would take 5 minutes for "Tristan" to put up a notice on the poloniex website regarding the situation, and regarding deposits/withdrawls.
Why has this not yet been done to avoid this ^^^^^ frustration?
No actual refunds has been given for BTC deposited after the incident. I'll believe it when I see it. And we can breath a short sigh of relief when the above parties have their funds back. (Assuming that all those deposits will have been refunded and not just those of the persons who happen to post here or on http://poloniex.freshdesk.com/support/discussions/forums/1000078491 like coinmarket did to keep the con game going)
Topic: BTC Stolen from Poloniex - page 24. (Read 167464 times)
Poloniex just tweeted:
"Deposits credited since announcement will be temporarily reversed to avoid unfair deductions. They will be reprocessed soon."
https://twitter.com/Poloniex/status/440925782756446208
"Deposits credited since announcement will be temporarily reversed to avoid unfair deductions. They will be reprocessed soon."
https://twitter.com/Poloniex/status/440925782756446208
When someone that has posted above regarding their deposit gets their deposit back please post about it here.
Hello everyone I'm Italian. About 12 hours ago I settled on the bitcoin poloniex, unfortunately after 60 confirmations still do not have my bitcoins, wallet inside ... I read a few pages of this thread and I did not understand much, Can I get my bitcoin? WHEN? I also have auroracoin if you pick to put them in the wallet of the computer, the risk of losing them? PLEASE reply me ..!
Poloniex just tweeted:
"Deposits credited since announcement will be temporarily reversed to avoid unfair deductions. They will be reprocessed soon."
https://twitter.com/Poloniex/status/440925782756446208
"Deposits credited since announcement will be temporarily reversed to avoid unfair deductions. They will be reprocessed soon."
https://twitter.com/Poloniex/status/440925782756446208
You could have made this more clear on the actual site, deposited 70vtc I desperately needed to sell and now I'm fucked.
I'm guessing that in the coming days we will all learn how fucked we are (or aren't)
You could have made this more clear on the actual site, deposited 70vtc I desperately needed to sell and now I'm fucked.
I would like to thank everyone for their support and understanding. It really means a lot. Having other people's money taken under my watch has made me feel just about as awful as I've ever felt in my life.
I think I should have a poll to determine how to pay the funds back. Here are the options I'm thinking:
1. Pay back over time with exchange fees.
2. Same as #1, but raise fees to expedite.
3. Sell shares of Poloniex to cover the debt; dividends paid regularly.
4. Award such shares to everyone immediately and consider that repayment.
Let me know if I'm forgetting an option here.
About recent deposits--it really wouldn't be fair to deduct deposits made after the BTC was taken. Obviously I should have posted a notice on the Balances page, but it is not difficult to make an exception for recent deposits.
I will be hiring a security programmer after this is dealt with.
3 + 4I think I should have a poll to determine how to pay the funds back. Here are the options I'm thinking:
1. Pay back over time with exchange fees.
2. Same as #1, but raise fees to expedite.
3. Sell shares of Poloniex to cover the debt; dividends paid regularly.
4. Award such shares to everyone immediately and consider that repayment.
Let me know if I'm forgetting an option here.
About recent deposits--it really wouldn't be fair to deduct deposits made after the BTC was taken. Obviously I should have posted a notice on the Balances page, but it is not difficult to make an exception for recent deposits.
I will be hiring a security programmer after this is dealt with.
Just read this thread. Deposited few Flaps this morning so they are stuck for now ?
Some of bitoins are stolen, but why the other withdrawals are disabled?
And why the deposit page is up and there is no real notice on the website? I'm losing the opportunity to buy mzc. Why should people who deposited money after the incident should be involved in this? I do not want to call this is a scam, but people who were not affected by the hacker are losing money and opportunities. 
Don't worry. everyone seems to be drinking the coolaid.
I said the same things to people in the coinmarket forum. No one wanted to hear it. No one wants to see red flags until everyone else sees them.
What you said is worth highlighting. "This was a conscious decision to leave the deposit function intact while freezing the rest of the site."
Not everyone..........
Yes it is suspicious.
All we have now is hope.
All we need is fast and common sense approach, simple and exchange up and running. No crap about shares.
The strategy of any magician is misdirection.
All of you are so busy thinking of the 4 "options". Shares? 12%? Raise fees?
All the while, you ignore the pink elephant in the room. The red flags that tell you something is wrong. But your subconscious doesn't want to hear it because we inherently believe in the good of our fellow human being.
The more minutes that pass while 1) there is no notice on the website; and 2) deposits are still being accepted; and 3) no email has gone out to everyone the more likely this is to be a trick in which we have all (willingly, by now) been aparty to.
All of you are so busy thinking of the 4 "options". Shares? 12%? Raise fees?
All the while, you ignore the pink elephant in the room. The red flags that tell you something is wrong. But your subconscious doesn't want to hear it because we inherently believe in the good of our fellow human being.
The more minutes that pass while 1) there is no notice on the website; and 2) deposits are still being accepted; and 3) no email has gone out to everyone the more likely this is to be a trick in which we have all (willingly, by now) been aparty to.
And that who sent today BTC to poloniex what to do? As a result they didn't reach the destination.
No plans to hire a security programmer until after this problem is 'resolved'.
Another red flag.
How many coins did you deposited to poloniex?
Personally, I think the owner of Poloniex did the right thing by saying what happened. We have to acknowledge that hackers and exploiters will steal funds time to time and when it does happen, its best to not to go the path of Mt. Gox. When someone does manage to steal funds, we as a community should get together and do our best to track exactly where the stolen money goes and hopefully the money eventually goes to some sort of money exchange service where we can alert the site.
Do you believe they're doing the right thing by:
- Continuing to allow deposits but not withdrawls
- not having any notice on their main page OR deposit page
- not immediately sending out a notice to all customers by email
- deducting 12% of coins deposited after the "theft"
Again.. it has been 12+ hours after the incident
I suppose most of you are willing to overlook the above red flags???
I would like to thank everyone for their support and understanding. It really means a lot. Having other people's money taken under my watch has made me feel just about as awful as I've ever felt in my life.
I think I should have a poll to determine how to pay the funds back. Here are the options I'm thinking:
1. Pay back over time with exchange fees.
2. Same as #1, but raise fees to expedite.
3. Sell shares of Poloniex to cover the debt; dividends paid regularly.
4. Award such shares to everyone immediately and consider that repayment.
Let me know if I'm forgetting an option here.
About recent deposits--it really wouldn't be fair to deduct deposits made after the BTC was taken. Obviously I should have posted a notice on the Balances page, but it is not difficult to make an exception for recent deposits.
I will be hiring a security programmer after this is dealt with.
I think I should have a poll to determine how to pay the funds back. Here are the options I'm thinking:
1. Pay back over time with exchange fees.
2. Same as #1, but raise fees to expedite.
3. Sell shares of Poloniex to cover the debt; dividends paid regularly.
4. Award such shares to everyone immediately and consider that repayment.
Let me know if I'm forgetting an option here.
About recent deposits--it really wouldn't be fair to deduct deposits made after the BTC was taken. Obviously I should have posted a notice on the Balances page, but it is not difficult to make an exception for recent deposits.
I will be hiring a security programmer after this is dealt with.
I'd raise the fee to 0.3% or even 0.5% and additionally sell shares. You can then cover the dividends with the extra fee and with the shares you can pay back the 12%.
Yes, this is a good proposal. To refine a bit further:
1. 30 day period of selling shares, say at $4M pre-money valuation, which is a fair valuation for a tech start-up with early traction but high-risk security flaws
- eg. if you sell $1M worth of shares, you would be selling 20% of your Company at $4M pre- and $5M post-money.
- to make this attractive to investors, you may also consider offering a 50% annual preferred return for two years to compensate for the high-risk nature of the operation (which would create a defined path for re-coup of initial capital investment)
2. If you fail to reach the full amount by selling shares, then also raise fees to 0.5% until the full-amount of the debt has been re-paid
3. Under this set-up, the "payment cascade" for incoming fees over the next 2 years would be as follows:
- first, to pay account holders to make them whole (if not fully covered by proceeds from sale of shares)
- second, to pay the 50% preferred return to equity holders
- third, to distribute to equity holders pro rata with their equity share in the business
If you went into Dragon Den with that proposal, the Dragons will be laughing their heads off and tell you to bugger off.
As Theo would say, "why should i give you any of my children's inheritance"?
Some of bitoins are stolen, but why the other withdrawals are disabled?
And why the deposit page is up and there is no real notice on the website? I'm losing the opportunity to buy mzc. Why should people who deposited money after the incident should be involved in this? I do not want to call this is a scam, but people who were not affected by the hacker are losing money and opportunities. Do you think that the "bug" is related just to BTC? If he opens withdrawal for other cryptocoins your altcoins will be stolen.
You have to wait until he fixs the code. And I hope for you that you'll wait the right time, not a little. Because I think the code needs a major rewrite.
In the first post busoni said his strategy to fix the code, and that was wrong. Someone in this thread wrote a useful post, pointing him to the right, I'd say "normal", strategy. I hope that he is considering these posts, and studying or collaborating with some programmer.
No plans to hire a security programmer until after this problem is 'resolved'.
Another red flag.
Some of bitoins are stolen, but why the other withdrawals are disabled?
And why the deposit page is up and there is no real notice on the website? I'm losing the opportunity to buy mzc. Why should people who deposited money after the incident should be involved in this? I do not want to call this is a scam, but people who were not affected by the hacker are losing money and opportunities. Don't worry. everyone seems to be drinking the coolaid.
I said the same things to people in the coinmarket forum. No one wanted to hear it. No one wants to see red flags until everyone else sees them.
What you said is worth highlighting. "This was a conscious decision to leave the deposit function intact while freezing the rest of the site."
I would like to thank everyone for their support and understanding. It really means a lot. Having other people's money taken under my watch has made me feel just about as awful as I've ever felt in my life.
I think I should have a poll to determine how to pay the funds back. Here are the options I'm thinking:
1. Pay back over time with exchange fees.
2. Same as #1, but raise fees to expedite.
3. Sell shares of Poloniex to cover the debt; dividends paid regularly.
4. Award such shares to everyone immediately and consider that repayment.
Let me know if I'm forgetting an option here.
About recent deposits--it really wouldn't be fair to deduct deposits made after the BTC was taken. Obviously I should have posted a notice on the Balances page, but it is not difficult to make an exception for recent deposits.
I will be hiring a security programmer after this is dealt with.
I think I should have a poll to determine how to pay the funds back. Here are the options I'm thinking:
1. Pay back over time with exchange fees.
2. Same as #1, but raise fees to expedite.
3. Sell shares of Poloniex to cover the debt; dividends paid regularly.
4. Award such shares to everyone immediately and consider that repayment.
Let me know if I'm forgetting an option here.
About recent deposits--it really wouldn't be fair to deduct deposits made after the BTC was taken. Obviously I should have posted a notice on the Balances page, but it is not difficult to make an exception for recent deposits.
I will be hiring a security programmer after this is dealt with.
4. because that is how professional debt to equity swaps work.
Some of bitoins are stolen, but why the other withdrawals are disabled?
And why the deposit page is up and there is no real notice on the website? I'm losing the opportunity to buy mzc. Why should people who deposited money after the incident should be involved in this? I do not want to call this is a scam, but people who were not affected by the hacker are losing money and opportunities. Do you think that the "bug" is related just to BTC? If he opens withdrawal for other cryptocoins your altcoins will be stolen.
You have to wait until he fixs the code. And I hope for you that you'll wait the right time, not a little. Because I think the code needs a major rewrite.
In the first post busoni said his strategy to fix the code, and that was wrong. Someone in this thread wrote a useful post, pointing him to the right, I'd say "normal", strategy. I hope that he is considering these posts, and studying or collaborating with some programmer.
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