Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 16. (Read 119733 times)
April 29, 2015, 08:27:52 AM
How long do you think it will take BTER to raise $1.5M? That's a lot of fees.
April 28, 2015, 01:23:54 PM
hi
anyone know when or how, BTC Pending BTC_B will be refund?
thanks
anyone know when or how, BTC Pending BTC_B will be refund?
thanks
April 21, 2015, 10:13:15 AM
Less they try to pay users fund. İs there anyone here who got payment from mtgox, bitstamp or another service which hacked?
You are right, no one has received payment from bitstamp or mt.gox but bitstamp.net has offered 0% fee ...
April 18, 2015, 03:01:54 AM
Over 3 weeks have passed since my deposit to BTER.. still waiting for the funds to appear on my account... service is shit.
Which coin have you deposited? Why have you deposited? The bter service is not one of the better service when we are talking about the cryptocurrency exchange.
However they still have not provided a full and qualitative *response to what was happend those days. How the cold storage has been hacked? And other minor things. So I do not think there is a valide reason to start use their service again.
*if someone know something about that explanation, can he please send me the various stuff. Thanks for the attention.
It was mastercoin, and I have finally received the coins. like I said before, I only used it to arbitrage..
April 17, 2015, 09:20:27 AM
Over 3 weeks have passed since my deposit to BTER.. still waiting for the funds to appear on my account... service is shit.
Which coin have you deposited? Why have you deposited? The bter service is not one of the better service when we are talking about the cryptocurrency exchange.
However they still have not provided a full and qualitative *response to what was happend those days. How the cold storage has been hacked? And other minor things. So I do not think there is a valide reason to start use their service again.
*if someone know something about that explanation, can he please send me the various stuff. Thanks for the attention.
April 17, 2015, 08:30:12 AM
Over 3 weeks have passed since my deposit to BTER.. still waiting for the funds to appear on my account... service is shit.
April 12, 2015, 02:19:51 AM
Even if those funds went directly to another exchange those incompetent BTER admins couldn't stop them.
April 09, 2015, 09:35:17 AM
Has anyone ever managed to trace coins sent through a mixer, or is it only theoretically possible? I guess it might be harder to trace coins sent through a high volume mixer.
The problem is even though they might be traced to some point, but its almost impossible to know what mixer/site they finally are at. Even if it goes through an exchange address, it would be hard to know which one. The only thing exchanges can do is collaborate and block the coins that they receive from addresses linked with the hack.
But it would almost be impossible to trace it I suppose. They also split it into many parts which makes it harder to trace.
April 03, 2015, 02:59:24 PM
..........
offering a reward won't bring the coins back at this stage. as you say they had plenty of time to mix the coins.
Wrong. A mixer isn't a final step for privacy. Yes, a mixer does help but it can be traced. It is just very difficult(!), so hopefully Bter gets lucky.
The coins were sent through a mixer so they are impossible to trace now. Some people tried but gave up once they went through the mixer. Bter even offered a reward to anyone who could trace where they went.
offering a reward won't bring the coins back at this stage. as you say they had plenty of time to mix the coins.
Has anyone ever managed to trace coins sent through a mixer, or is it only theoretically possible? I guess it might be harder to trace coins sent through a high volume mixer.
April 03, 2015, 01:10:08 PM
Didn't get my MSC deposit on BTER for 10 days now, some lame excuses via email.. service is shit.
Why have you deposited on bter.com after their "hack"? You supposed to withdrawn everything and stop to use that exchange.
I only use it for arbitrage opportunity, I did get my coins out of there after the hack.
April 03, 2015, 01:07:03 PM
Didn't get my MSC deposit on BTER for 10 days now, some lame excuses via email.. service is shit.
Why have you deposited on bter.com after their "hack"? You supposed to withdrawn everything and stop to use that exchange.
April 03, 2015, 12:59:03 PM
Didn't get my MSC deposit on BTER for 10 days now, some lame excuses via email.. service is shit.
April 03, 2015, 09:34:58 AM
That makes no sense. Just before the hack I was trading 10 btc worth at a time. It meant (if) the trade swung my way I stood to make some money. I was prepared to take the loss if it didn't. Are you saying though that I should only trade small amounts to mitigate the risk of an exchange being hacked?
What's the point of trading then if I'm only supposed to make satoshi at a time?
This discussion will never end if we go into this direction. You're supposed to invest all you want, but don't come whining (not saying that you are) once a hack happens. I,myself have never kept coins on exchanges yet I've been actively (more or less) trading for months. When I feel like it I send the coins, trade and withdraw.What's the point of trading then if I'm only supposed to make satoshi at a time?
Obviously what I meant was never keep all/most (?) of your balance online. If they aren't safe in your own wallets (they're not), they definitely aren't in someone else's.
April 03, 2015, 07:21:32 AM
One should keep a few coins and trade. Trading a lot, means you're risking it all. I guess if people are into high risk-high gain circumstances then it is okay. One shouldn't be trading with all of his/hers money if they can't afford to lose it.
That makes no sense. Just before the hack I was trading 10 btc worth at a time. It meant (if) the trade swung my way I stood to make some money. I was prepared to take the loss if it didn't. Are you saying though that I should only trade small amounts to mitigate the risk of an exchange being hacked?
What's the point of trading then if I'm only supposed to make satoshi at a time?
April 03, 2015, 05:42:11 AM
People keep coins on exchanges since they are trying to trade them. There is not much sense to keep your money in a wallet if you don't get paid an interest on it and don't see your currency appreciate in time, which would make up for the absence of interest. I don't think that there are many people that actually use exchange accounts as wallets. To me, such question is pretty much unfounded.
One should keep a few coins and trade. Trading a lot, means you're risking it all. I guess if people are into high risk-high gain circumstances then it is okay. One shouldn't be trading with all of his/hers money if they can't afford to lose it. It may appear as nice as it sounds, but the devil is in the detail. In real life, though, bitcoin price declined from 650$ to 250$ during the last year. So you would have lost two thirds of bitcoin value even if you had been allegedly risking nothing. Therefore, it is hard to tell who is actually losing.
April 03, 2015, 05:28:21 AM
People keep coins on exchanges since they are trying to trade them. There is not much sense to keep your money in a wallet if you don't get paid an interest on it and don't see your currency appreciate in time, which would make up for the absence of interest. I don't think that there are many people that actually use exchange accounts as wallets. To me, such question is pretty much unfounded.
One should keep a few coins and trade. Trading a lot, means you're risking it all. I guess if people are into high risk-high gain circumstances then it is okay. One shouldn't be trading with all of his/hers money if they can't afford to lose it. The coins were sent through a mixer so they are impossible to trace now. Some people tried but gave up once they went through the mixer. Bter even offered a reward to anyone who could trace where they went.
offering a reward won't bring the coins back at this stage. as you say they had plenty of time to mix the coins.
April 03, 2015, 05:20:30 AM
Has anyone had their lost BTC returned yet? Or is it still the BTC-B they're dishing out?
I got part of my BTC balance (the btc that was on orders). the rest is on btc_b
IMO the best we can hope for is they will continue regularly paying back a small percentage of bitcoins and deducting it from our btc_b balances. That was the model Poloniex used after being hacked. Eventually everyone was fully refunded, but it took a long time.
If I remember correctly, poloniex had been robbed off only for 77 bitcoins (50k dollars at the time), which is two orders of magnitude less. Besides, they took a fraction of everyone's account to even out the toll. I guess many who suffered losses at bter wished eagerly that bter would have gone that route (I mean altcoins too), but it wouldn't give much credit to the exchange (if there is any left), as it hadn't done to poloniex.
April 03, 2015, 05:09:27 AM
It is said that Bter exchange is under investigation by Chinese police. Bter might be involved in scam accusations, because many victims reported to Chinese police before.
Bter is notorious in the crypto community. I don't recommend you guys to trade here, although it's one of the oldest exchange.
Bter is notorious in the crypto community. I don't recommend you guys to trade here, although it's one of the oldest exchange.
April 03, 2015, 04:56:42 AM
I've wanted to stay away from the drama here, as we've had this multiple times just with different exchanges/services. We can partly blame Bter here. They've left quite a good portion of coins vulnerable, but there is only so much that they can do about the security. Over time we should see this improve, until it reaches a plateau.
On the other hand people should have known better! We've had multiple exchanges and services being hacked. So why keep your Bitcoin on un-secure websites? You don't own the coins held on an address to which you do not own the private keys.
On the other hand people should have known better! We've had multiple exchanges and services being hacked. So why keep your Bitcoin on un-secure websites? You don't own the coins held on an address to which you do not own the private keys.
People keep coins on exchanges since they are trying to trade them. There is not much sense to keep your money in a wallet if you don't get paid an interest on it and don't see your currency appreciate in time, which would make up for the absence of interest. I don't think that there are many people that actually use exchange accounts as wallets. To me, such question is pretty much unfounded.
April 02, 2015, 02:14:09 PM
Any news on the hack? It really seems like an inside job since its a COLD wallet, unless someone screwed up the concept of a cold wallet.
We have already discussed about that thing, and you (care) to search in this thread you will find a lot of information
. I little suggestion, don't waste your time, use the search function! Jump to: