Author

Topic: BTER - I want my money back ! (Read 2035 times)

full member
Activity: 595
Merit: 101
Chromia - Relational Blockchain
February 16, 2015, 08:15:17 AM
#29
How can their cold wallet have been compromised??

Inside job likely though they'll probably blame it on hackers or something. Anyone who loses money from their cold wallets needs to look at whoever has access to them.

at least bitstamp only had its hot wallet hacked. This looks like an inside job on bter.
legendary
Activity: 1708
Merit: 1000
Reality is stranger than fiction
February 16, 2015, 07:39:21 AM
#28
Why you guys keep repeating the announcement?

Start asking yourselves why these things are still happening over and over again!

It's time for a decentralized exchange for our decentralized coins!


I agree. Time for a decentralized exchange.

The first worldwide Atomic Cross-Chain Transaction will be between Qora and Burst using AT. The world needs this.

For anyone interested:
https://bitcointalksearch.org/topic/m.10474086

https://bitcointalksearch.org/topic/why-blockchains-might-want-to-consider-using-at-turing-complete-txs-822100

https://bitcointalksearch.org/topic/at-can-be-used-to-anonymize-inter-blockchain-transfers-who-would-have-thought-893271
hero member
Activity: 784
Merit: 500
February 16, 2015, 12:28:04 AM
#27
Bter got owned again? This is ridiculous!
It's time for decentralized exchanges or some regulated ones like coinbase or coming gemini.

BitShares Decentralized Exchange. You already can trade bitUSD/bitBTC or bitUSD/bitGOLD over the blockchain without counterparty risk. Cheesy
sr. member
Activity: 448
Merit: 250
February 15, 2015, 10:14:21 AM
#26
How can their cold wallet have been compromised??

Inside job likely though they'll probably blame it on hackers or something. Anyone who loses money from their cold wallets needs to look at whoever has access to them.
member
Activity: 86
Merit: 10
February 15, 2015, 10:07:47 AM
#25
How can their cold wallet have been compromised??
hero member
Activity: 568
Merit: 500
Smoke weed everyday!
February 15, 2015, 09:59:26 AM
#24
The thing it is so much more than just 7000+ BTC

You have Nxt, Doge, Nubits to name just a few of the biggest volume coins on that exchange suppose we will see massive dumps of these in the not so distant future.

Running Lin makes millions and millions from just the alt coins  Angry Angry Angry  
sr. member
Activity: 448
Merit: 250
February 15, 2015, 09:56:25 AM
#23
dont store large sums on an exchange. try to use a hardware-wallet. good luck anyway.

This isn't really possible if you're an active trader but this is one of the reasons we desperately need to move to decentralized exchanges. People should be able to safely keep hold of their own coins until they're happy with a buy order they're willing to exchange for.
sr. member
Activity: 462
Merit: 250
February 15, 2015, 09:54:52 AM
#22
Can't believe another exchange getting hacked so soon. Its getting worse for bitcoins now.
legendary
Activity: 1316
Merit: 1481
February 15, 2015, 09:53:16 AM
#21
Why you guys keep repeating the announcement?

Start asking yourselves why these things are still happening over and over again!

It's time for a decentralized exchange for our decentralized coins!
member
Activity: 65
Merit: 10
February 15, 2015, 09:48:34 AM
#20
And another exchange that got hacked? It's going to look like a domino effect.

Exchange after exchange gets hacked, it's ridiculous.

I only use BTC-E and Bitstamp, but even Bitstamp got hacked this year.

How long are we still going to leave our precious Bitcoins with these shitty exchanges.......

Seems there is no other option . Have they ever commented on this ?

This is a message from BTER :

We have to suspend all our services waiting for the security check. More information will be released as soon as possible. Sorry for the interruption.

At this point there is an option. And that is storing your coins in your wallet.

But not the option that most people are keen with I think.

I have not really a technical background, but a lot people are talking about decentral exchanges, not sure how it works out.

If it stops hackers and thief CEO's it will be considered a forward step.

7170 BTC got stolen from our cold wallet in this transaction:

https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6

720 BTC bounty for chasing it back.

All wallets have been shut down and withdrawals of unaffected coins will be arranged later.

legendary
Activity: 1050
Merit: 1000
February 15, 2015, 09:47:58 AM
#19
Quote
7170 BTC got stolen from our cold wallet in this transaction:

https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6

720 BTC bounty for chasing it back.

All wallets have been shut down and withdrawals of unaffected coins will be arranged later.

I guess the hacker will return it anyway and claim the bounty. Good solution for both.

legendary
Activity: 2170
Merit: 1427
February 15, 2015, 09:46:13 AM
#18
And another exchange that got hacked? It's going to look like a domino effect.

Exchange after exchange gets hacked, it's ridiculous.

I only use BTC-E and Bitstamp, but even Bitstamp got hacked this year.

How long are we still going to leave our precious Bitcoins with these shitty exchanges.......

Seems there is no other option . Have they ever commented on this ?

This is a message from BTER :

We have to suspend all our services waiting for the security check. More information will be released as soon as possible. Sorry for the interruption.

At this point there is an option. And that is storing your coins in your wallet.

But not the option that most people are keen with I think.

I have not really a technical background, but a lot people are talking about decentral exchanges, not sure how it works out.

If it stops hackers and thief CEO's it will be considered a forward step.
member
Activity: 87
Merit: 10
February 15, 2015, 09:45:20 AM
#17
BTER has been hacked  Sad
hero member
Activity: 602
Merit: 500
hyperboria - next internet
February 15, 2015, 09:44:43 AM
#16
Whats happened with BTER ?

LOL. Another cryptomarket become a scam. It was with mtgox an it will be with every centralized service. Don't trust anyone with your bitcoins. It's as simple as that.
legendary
Activity: 1316
Merit: 1481
February 15, 2015, 09:44:31 AM
#15
https://bitcointalksearch.org/topic/m.10358313

Guys history it's repeating over and over again!
don't hold your hard-earned coins on exchanges!
or study about your exchanges first

https://bitcointalksearch.org/topic/m.10437322
sr. member
Activity: 476
Merit: 251
February 15, 2015, 09:41:32 AM
#14
I withdrew BTC yesterday without any problem. Just checked their site, it is down. Who, I'm happy I took my coins!

the happiest person is the guy who post himself 7000 btc this morning
hope he will die, slow and painful

As above, can you give a link? Has it made to some crypto news site?

I only heard/checked that it is down, because I happened to log in and check here.
full member
Activity: 173
Merit: 100
February 15, 2015, 09:39:24 AM
#13
And another exchange that got hacked? It's going to look like a domino effect.

Exchange after exchange gets hacked, it's ridiculous.

I only use BTC-E and Bitstamp, but even Bitstamp got hacked this year.

How long are we still going to leave our precious Bitcoins with these shitty exchanges.......

Seems there is no other option . Have they ever commented on this ?
legendary
Activity: 2170
Merit: 1427
February 15, 2015, 09:36:41 AM
#12
And another exchange that got hacked? It's going to look like a domino effect.

Exchange after exchange gets hacked, it's ridiculous.

I only use BTC-E and Bitstamp, but even Bitstamp got hacked this year.

How long are we still going to leave our precious Bitcoins with these shitty exchanges.......
legendary
Activity: 1442
Merit: 1016
February 15, 2015, 09:03:01 AM
#11
Bter got owned again? This is ridiculous!
It's time for decentralized exchanges or some regulated ones like coinbase or coming gemini.
full member
Activity: 173
Merit: 100
February 15, 2015, 09:02:10 AM
#10
I withdrew BTC yesterday without any problem. Just checked their site, it is down. Who, I'm happy I took my coins!

the happiest person is the guy who post himself 7000 btc this morning
hope he will die, slow and painful

Link ?
hero member
Activity: 532
Merit: 500
February 15, 2015, 08:56:04 AM
#9
Well is this not excellent news to wake up to? Another theft of my hard earned BTC!! Luckily i never keep to much on an exchange especially BTER but have lost $500 + and altcoins.

What a beautiful morning, on the bright side i am sure some would have lost a little more than that  Angry
member
Activity: 76
Merit: 10
February 15, 2015, 08:46:54 AM
#8
I withdrew BTC yesterday without any problem. Just checked their site, it is down. Who, I'm happy I took my coins!

the happiest person is the guy who post himself 7000 btc this morning
hope he will die, slow and painful
sr. member
Activity: 308
Merit: 250
February 15, 2015, 08:45:22 AM
#7
The coins are not coming back i am afraid to say, you do not HACK a cold wallet you only steal from one, unlucky to all those who lost their BTC.

EDIT: and altcoins! great we will have dumps coming up over next few days  Grin Cheesy
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
February 15, 2015, 08:44:55 AM
#6
dont store large sums on an exchange. try to use a hardware-wallet. good luck anyway.
full member
Activity: 243
Merit: 100
February 15, 2015, 08:42:53 AM
#5
Whats happened with BTER ?

They are gone for the good. Move over to escrow based exchanges like www.localbitcoins.com, www.100bit.co.in, www.bitquick.co etc, especially those where you do not need to keep your coins to make a trade.
sr. member
Activity: 476
Merit: 251
February 15, 2015, 08:34:37 AM
#4
I withdrew BTC yesterday without any problem. Just checked their site, it is down. Who, I'm happy I took my coins!
member
Activity: 95
Merit: 10
February 15, 2015, 08:31:38 AM
#3
Peoples are saying it is hacked !
sr. member
Activity: 476
Merit: 250
February 15, 2015, 08:31:07 AM
#2
I read in another thread, they have a problem and possibly got hacked Sad
left some coins there, too bad
member
Activity: 76
Merit: 10
February 15, 2015, 08:25:51 AM
#1
Whats happened with BTER ?
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