BTC Stolen from Poloniex - page 37. | Bitcointalksearch.org

WaffleMaster

hero member

Activity: 966

Merit: 546

Quote from: HashRent.com on March 04, 2014, 04:23:39 AM

The thief's btc address is continuing the grow even though the website's withdraws and deposits have been FROZEN!
https://blockchain.info/address/1Ktq7TE3J5vZ3c99M5weqKfFcNkHQdqPrq

How is this possible?
The only person that has access to the websites withdraws/deposits during this time would be the site owner. The site is sending still sending btc to the address while you guys are supporting him.

+1 BY JOVE HE'S DONE IT

HashRent.com

newbie

Activity: 7

Merit: 0

The thief's btc address is continuing the grow even though the website's withdraws and deposits have been FROZEN!
https://blockchain.info/address/1Ktq7TE3J5vZ3c99M5weqKfFcNkHQdqPrq

How is this possible?
The only person that has access to the websites withdraws/deposits during this time would be the site owner. The site is sending still sending btc to the address while you guys are supporting him.

grahvity

full member

Activity: 150

Merit: 100

Relevant post on Reddit.

http://www.reddit.com/r/Bitcoin/comments/1zigmt/another_exchange_locked_down_poloniex_aware_that

should it help/matter to anyone.

ds07104com

member

Activity: 95

Merit: 10

Quote from: ds07104com on March 04, 2014, 04:03:16 AM

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!!! Sad

I need to your reply!
Thank you!

Give me a reply Cry

I'm so scared!

bitabit

full member

Activity: 167

Merit: 100

Thanks for letting us know immediately. I like the immediacy and transparency demonstrated by Poloniex. Hope Mark Karpeles is reading this message.

WaffleMaster

hero member

Activity: 966

Merit: 546

Quote from: ds07104com on March 04, 2014, 04:03:16 AM

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!!! Sad

I need to your reply!
Thank you!

Good game

provenceday

legendary

Activity: 1148

Merit: 1000

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!

ap3311

sr. member

Activity: 476

Merit: 300

So let me get this straight.

You got hacked because your system was faulty and didn't check for negative balances.
You have no money to reimburse your users so you're going to deduct a percentage of everyone's BTC.
You're then going to make this money back by temporarily increasing trading fees which your users will incur whilst using the site.

10/10 top ruse

Biomech

legendary

Activity: 1372

Merit: 1022

Anarchy is not chaos.

I may be wrong on this, but I think some of you are misreading what he said.

He said this would be paid back from exchange fees, not that he was raising fees. I read it several times to be sure, but I am pretty sure that's what he's saying.

That being said, I like the idea of shares as others have expressed. I don't currently trade at Poloniex, but I'm just getting into alt trading and have heard good things. Sorry about the loss, and like others have said, kudos for your honesty. Hopefully this will all work out. What would be even better is if you could track down the thief and torque the coins out of 'im.

EDIT: Need more coffee. It was later in the post. Please ignore the first two sentences Cheesy

HashRent.com

newbie

Activity: 7

Merit: 0

Something is fishy here... He claims he can not repay the debt on his own but heres the math...

About $50,000 was lost by this "hack"

Exchange has around 850BTC in volume a day with a fee of 0.2% that would mean 1.7BTC or $1,147 in revenue per day. It would take him less than 2 months to repay the debt.
If he raises the fees astronomically (over 7 times the current) to 1.5% than he would be making 12.75BTC or $8,606 PER DAY (at current market prices). He would be able to repay the debt in less than a week. Why doesn't he disclose the amount of the loss? I found the thief's address and amount stolen and disclosed it while he remained silent?

If he does decide to raise the fees to 1.5% and does not lower the fees back to normal after 1 week then something isn't right. It seems like the perfect plan to claim there was a "hack" then raise the prices making a double win for him.

cammo12

newbie

Activity: 55

Merit: 0

Quote from: stevenb on March 04, 2014, 03:57:23 AM

Quote from: cammo12 on March 04, 2014, 03:51:37 AM

Raising the fees to 1.5% would mean that the users would be paying for this mistake. It doesn't make sense - take 12% of balances and then get the users to pay for it with higher fees. If fees went up many would go elsewhere, leaving the rest of us to pay even more. The users should not pay for this.

He will refund 12.3% balance when covered stolen BTC so you will be lost 12.3% BTC or less in total.

Yes, I understand that - but you will effectively be paying for your 12% back via fees. I repeat - users should not pay for this.

ds07104com

member

Activity: 95

Merit: 10

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!!! Sad

I need to your reply!
Thank you!

ripplebtc

sr. member

Activity: 277

Merit: 250

Quote from: CoinMode on March 04, 2014, 03:55:30 AM

Quote from: fairglu on March 04, 2014, 03:42:30 AM

Would you consider adding a shares systems like several other exchanges have?

Shares would pay dividends, and the sales of shares would help cover the debt. Obviously this may require some development work, but might allow swifter recovery.

I second this.

Why higher fees? Poloniex should sell stock shares of their exchange using bitcoin.

Good idea!

andyatcrux

legendary

Activity: 938

Merit: 1000

Quote from: ripplebtc on March 04, 2014, 03:58:57 AM

Sorry to hear this bad news. I will always support you because of your honest.

+1

ripplebtc

sr. member

Activity: 277

Merit: 250

Sorry to hear this bad news. I will always support you because of your honest.

stevenb

sr. member

Activity: 490

Merit: 250

Quote from: cammo12 on March 04, 2014, 03:51:37 AM

Raising the fees to 1.5% would mean that the users would be paying for this mistake. It doesn't make sense - take 12% of balances and then get the users to pay for it with higher fees. If fees went up many would go elsewhere, leaving the rest of us to pay even more. The users should not pay for this.

He will refund 12.3% balance when covered stolen BTC so you will be lost 12.3% BTC or less in total.

RenegadeMind

copper member

Activity: 1380

Merit: 504

THINK IT, BUILD IT, PLAY IT! --- XAYA

Quote from: avesdude on March 04, 2014, 03:53:13 AM

I love that you froze the exchange, as opposed to running it like gox . . .

+1

BitCoinNutJob

legendary

Activity: 1316

Merit: 1000

make this guy the mtgox CEO

BayAreaCoins

legendary

Activity: 4004

Merit: 1250

Owner at AltQuick.com

Quote from: jaideep1000 on March 04, 2014, 03:47:33 AM

I have just made a btc deposit a few mins ago so will mine be deducted as well even if I'm using the site for the first time?

yep, gg. Welcome to crypto

CoinMode

sr. member

Activity: 417

Merit: 250

Quote from: fairglu on March 04, 2014, 03:42:30 AM

Would you consider adding a shares systems like several other exchanges have?

Shares would pay dividends, and the sales of shares would help cover the debt. Obviously this may require some development work, but might allow swifter recovery.

I second this.

Why higher fees? Poloniex should sell stock shares of their exchange using bitcoin.

Topic: BTC Stolen from Poloniex - page 37. (Read 167466 times)