Topic: BTC Stolen from Poloniex - page 36. (Read 167444 times)
I think just keep original fee and deduce 12.3% btc balance from all accounts until stolen BTC is covered (in 2-3 months). So the exchange will self-recover with the help of all users and no one lost BTC.
1.5% fees may well deter many users, making repayment take longer :p
i for one am not impressed with those fees.
short term btc deduction is fine. it'll allow the exchange to remain solvent and continue trading as normal.
i suggest you create fee shares similar to mcxfees and trade them on the exchange.
this way you could hold some shares/fees to return value into the exchange. and they'd be available to sell if necessary later.
i for one am not impressed with those fees.
short term btc deduction is fine. it'll allow the exchange to remain solvent and continue trading as normal.
i suggest you create fee shares similar to mcxfees and trade them on the exchange.
this way you could hold some shares/fees to return value into the exchange. and they'd be available to sell if necessary later.
Good thing about the transparency.
Glad to see that the users are more or less accepting the tax. I wouldn't be happy about it if I had BTC on your exchange but I'm not concerned. I hope you will process the other coins withdrawals though.
Don't raise the fee as much as 1,5% you're gonna kill your exchange !! 0,5% is reasonable
An IPO is the safest/fastest way to raise capital and reimburse everyone but you'll have to yield a part of the future profits.
Glad to see that the users are more or less accepting the tax. I wouldn't be happy about it if I had BTC on your exchange but I'm not concerned. I hope you will process the other coins withdrawals though.
Don't raise the fee as much as 1,5% you're gonna kill your exchange !! 0,5% is reasonable
An IPO is the safest/fastest way to raise capital and reimburse everyone but you'll have to yield a part of the future profits.
I was skepticle at first to use poloniex, and just hovered around checking prices.
Like a few other posters have mentioned this is how matters should be handled, thanks for your support and I will now use your exchange!
Cheers
Like a few other posters have mentioned this is how matters should be handled, thanks for your support and I will now use your exchange!
Cheers
Your response to this is admirable, busoni. Moreso, if you manage to follow through without hiking exchange fees. Poloniex is clearly very different than Mt. Gox. They could learn a lot from you.
Question: are you planning a broader security review of your site and/or maybe a third-party security audit to reduce risks going forward? Seems like this was low-hanging fruit and you should be on the lookout for anything else that you can quickly and easily patch.
Question: are you planning a broader security review of your site and/or maybe a third-party security audit to reduce risks going forward? Seems like this was low-hanging fruit and you should be on the lookout for anything else that you can quickly and easily patch.
Well handled Busoni.
So, let me just get this straight. Can you confirm that the process now is as follows:
1. All accounts debited by 12.3% to keep the exchange solvent.
2. Fees increased to 1.5% to raise capital.
3. Once higher fees have generated $50k, then user accounts will be reimbursed.
This may be a bitter pill for some, but the only other option is a run on the exchange, leading to 87.7% of users getting their funds back and 12.3% of users getting nothing. Overall Busoni's solution is the most fair.
I have a couple of questions.
Q1. Some accounts were empty at the point of shut down, but have since had funds transferred to them. Will they also be debited?
Q2. Assuming that trade continues at the "pre-theft" volume, how long will it take to raise the $50k?
Again, well done Busoni. You have made the very best of a bad situation. Not many people can man up and admit it when things go wrong, but it is the only way to tackle problems.
So, let me just get this straight. Can you confirm that the process now is as follows:
1. All accounts debited by 12.3% to keep the exchange solvent.
2. Fees increased to 1.5% to raise capital.
3. Once higher fees have generated $50k, then user accounts will be reimbursed.
This may be a bitter pill for some, but the only other option is a run on the exchange, leading to 87.7% of users getting their funds back and 12.3% of users getting nothing. Overall Busoni's solution is the most fair.
I have a couple of questions.
Q1. Some accounts were empty at the point of shut down, but have since had funds transferred to them. Will they also be debited?
Q2. Assuming that trade continues at the "pre-theft" volume, how long will it take to raise the $50k?
Again, well done Busoni. You have made the very best of a bad situation. Not many people can man up and admit it when things go wrong, but it is the only way to tackle problems.
No I'm sorry I'm STRONGLY against this, everyone trading there already pays (in fees) for the exchange to go well and be developed and secured, if there was a loss then you should raise the fees of whoever wants to keep using your exchange (not me), and ASK to the others if they want to.
I don't want to pay for it, I just withdrawn my BTC where are they? It says PENDING I want to know where are my BTC and why I still can't see them!
I don't want to pay for it, I just withdrawn my BTC where are they? It says PENDING I want to know where are my BTC and why I still can't see them!
poloniex is the most smoothly exchange platform!
i will keep support you！
how about you launch some poloniex shares at a fixed price？
such as 1BTC=1000 poloniex shares
you can launch 0.2 million poloniex shares！
50% is yours and 50% sold to the users!
then we can get about 100btc from the market！
you can pay people who lose their btc!
Or Dev can give out 12.3% of Poloniex in shares to wipe out amount lost in BTCs. Then pay regular dividends from profits. Therefore, no need to raise exchange transaction fee.i will keep support you！
how about you launch some poloniex shares at a fixed price？
such as 1BTC=1000 poloniex shares
you can launch 0.2 million poloniex shares！
50% is yours and 50% sold to the users!
then we can get about 100btc from the market！
you can pay people who lose their btc!
i like your idea!
Thank you for letting us know how it went and what your plans are.
I used poloniex from when it accepted VTC and this post still makes me support you.
And if you deside to sell shares i would love to hear about it.
I used poloniex from when it accepted VTC and this post still makes me support you.
And if you deside to sell shares i would love to hear about it.
so sorry to hear this.
I have been using poloniex for a long time and have allways had good experience with both the exchange and the dev.
The only right thing to do is to take 12,3% from all users and repay later.
Raising the fee temporary and/or a share system (like cryptostocks) would be a good approach to get the btc to pay users back faster.
Looking forward to trading at poloniex again!
I have been using poloniex for a long time and have allways had good experience with both the exchange and the dev.
The only right thing to do is to take 12,3% from all users and repay later.
Raising the fee temporary and/or a share system (like cryptostocks) would be a good approach to get the btc to pay users back faster.
Looking forward to trading at poloniex again!
Busoni is a man of his word. I lost some BTC in the XCP hack, and he paid it back in installments just as he promised. His response to both these events has restored my faith in Poloniex.
+1 poloniex is the most smoothly exchange platform!
i will keep support you！
how about you launch some poloniex shares at a fixed price？
such as 1BTC=1000 poloniex shares
you can launch 0.2 million poloniex shares！
50% is yours and 50% sold to the users!
then we can get about 100btc from the market！
you can pay people who lose their btc!
Or Dev can give out 12.3% of Poloniex in shares to wipe out amount lost in BTCs. Then pay regular dividends from profits. Therefore, no need to raise exchange transaction fee. i will keep support you！
how about you launch some poloniex shares at a fixed price？
such as 1BTC=1000 poloniex shares
you can launch 0.2 million poloniex shares！
50% is yours and 50% sold to the users!
then we can get about 100btc from the market！
you can pay people who lose their btc!
Busoni is a man of his word. I lost some BTC in the XCP hack, and he paid it back in installments just as he promised. His response to both these events has restored my faith in Poloniex.
This is a very good post ! Thanks.
That being said, I think that the mechanism for 'reparation' should be as such:
Distribute 12.5 % shares of your company to all customers, pro-rata their BTC.
Pay dividends on a frequent basis.
Offer to buy back shares if users so desire.
It would be excellent to have such mechanisms described and agreed for all exchanges...
That being said, I think that the mechanism for 'reparation' should be as such:
Distribute 12.5 % shares of your company to all customers, pro-rata their BTC.
Pay dividends on a frequent basis.
Offer to buy back shares if users so desire.
It would be excellent to have such mechanisms described and agreed for all exchanges...
I feel your pain, I have a lot tied up in the exchange, but you will get it all back, most of it by tomorrow i think.
;DReally? Thank you. I hope that.But i can't use these coin to trade mzc and cga.....
It's a huge lost to me!
I think that. Was a good honest, open post.
I do not know what is the right approach but I understand those who object to paying for the loss through higher fees.
A couple of things I would like to see, that I think would helps little in is sort of scenario,though they wouldn't fix/prevent it:
1. Notification when a trade has occured and the resulting balances/fees
2. A transaction log for my account - as far as I can tell, this is not available at the moment; together with the
lack of point 1. this means a fair amount of detective work is required to cross-check the current balance; especially when you have a lot of en buy/sell orders across various pairs. This particularly affects BTC of course.
Finally I don't know if this matters much, but was 12.5% taken from each account/balance or from some accounts or from a wholly separate exchange balance? Again the lack of the two items above means it's bloody hard to know if my current balance is right or down 12.5%?
I do not know what is the right approach but I understand those who object to paying for the loss through higher fees.
A couple of things I would like to see, that I think would helps little in is sort of scenario,though they wouldn't fix/prevent it:
1. Notification when a trade has occured and the resulting balances/fees
2. A transaction log for my account - as far as I can tell, this is not available at the moment; together with the
lack of point 1. this means a fair amount of detective work is required to cross-check the current balance; especially when you have a lot of en buy/sell orders across various pairs. This particularly affects BTC of course.
Finally I don't know if this matters much, but was 12.5% taken from each account/balance or from some accounts or from a wholly separate exchange balance? Again the lack of the two items above means it's bloody hard to know if my current balance is right or down 12.5%?
I feel your pain, I have a lot tied up in the exchange, but you will get it all back, most of it by tomorrow i think.
Ok. But i just deposited some btc to your web. I'm so regret.
Now i need to know whether my btc will be deducted 12.3%?
My btc was sent after this stolen. It shall not be deducted!!!
I need to your reply!
Thank you!
Give me a reply Now i need to know whether my btc will be deducted 12.3%?
My btc was sent after this stolen. It shall not be deducted!!!
I need to your reply!
Thank you!
I'm so scared!
Bro its the same thing for me too. I too deposited after the event took place and wouldn't want my coins to be deducted either. I had half of my btc sent to trade for aur and the other half to cryptsy.
Pls, don't snatch my coin!
Ok. But i just deposited some btc to your web. I'm so regret.
Now i need to know whether my btc will be deducted 12.3%?
My btc was sent after this stolen. It shall not be deducted!!!
I need to your reply!
Thank you!
Now i need to know whether my btc will be deducted 12.3%?
My btc was sent after this stolen. It shall not be deducted!!!
I need to your reply!
Thank you!
Good game
Pretty sure this is the reply. Your BTC will come back over time.
gg
Ok. But i just deposited some btc to your web. I'm so regret.
Now i need to know whether my btc will be deducted 12.3%?
My btc was sent after this stolen. It shall not be deducted!!!
I need to your reply!
Thank you!
Give me a reply Now i need to know whether my btc will be deducted 12.3%?
My btc was sent after this stolen. It shall not be deducted!!!
I need to your reply!
Thank you!
I'm so scared!
Bro its the same thing for me too. I too deposited after the event took place and wouldn't want my coins to be deducted either. I had half of my btc sent to trade for aur and the other half to cryptsy.
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