Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 27. (Read 119723 times)
March 10, 2015, 11:36:02 AM
And meanwhile 24 hours passed.
March 10, 2015, 11:20:24 AM
so they can't recover those 7200, using their fee? maybe dismiss some employers
Maybe in a few years, yeah. But by that time many of you will forget they lost some funds over there..
After few years, first yes no one will remember about the hack. Secondly, they would claim to have used the money on other things and probably would have another hack
March 10, 2015, 10:06:07 AM
were it an inside job??
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
Its rumored to be an inside job as a cold storgae with 2 million dollars just doesn't get hacked so easily.
As for the security , no one can comment about it. They just say its gone, and we are supposed to believe it
Its actually confirmed to be an inside job. They won't even comment on how they got a cold storage hacked so easily.
Again , we have discussed in this thread a lot of times " it is impossible to hack/rob bitcoins from a cold wallet" that it supposed to be offline and never be connected on internet. They still have not post any real comment to what is happened that day (maybe they still don't know or don't have the "knowledge").
I'm sure they know, they're just embarrassed to admit that their 'cold' storage was tepid at best. BTER aren't good at this stuff but the guys working with them to find out what happened are. After the last one, this raises questions about how they will prove their new exchange 'really is secure, honest, it is this time'.
March 10, 2015, 08:09:47 AM
were it an inside job??
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
Its rumored to be an inside job as a cold storgae with 2 million dollars just doesn't get hacked so easily.
As for the security , no one can comment about it. They just say its gone, and we are supposed to believe it
Its actually confirmed to be an inside job. They won't even comment on how they got a cold storage hacked so easily.
Again , we have discussed in this thread a lot of times " it is impossible to hack/rob bitcoins from a cold wallet" that it supposed to be offline and never be connected on internet. They still have not post any real comment to what is happened that day (maybe they still don't know or don't have the "knowledge").
March 10, 2015, 07:36:09 AM
were it an inside job??
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
Its rumored to be an inside job as a cold storgae with 2 million dollars just doesn't get hacked so easily.
As for the security , no one can comment about it. They just say its gone, and we are supposed to believe it
Its actually confirmed to be an inside job. They won't even comment on how they got a cold storage hacked so easily.
March 10, 2015, 07:34:43 AM
were it an inside job??
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
Its rumored to be an inside job as a cold storgae with 2 million dollars just doesn't get hacked so easily.
As for the security , no one can comment about it. They just say its gone, and we are supposed to believe it
March 10, 2015, 05:41:49 AM
were it an inside job??
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
Amateurs build exchanges, that's why.
lol...
and which exchange build by Professionals of Technology / Finance?
lakebtc, kraken, bitstamp, I suggest this three exchanges which is enough to meet everyone's needs.
March 10, 2015, 05:12:08 AM
were it an inside job??
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
Amateurs build exchanges, that's why.
lol...
and which exchange build by Professionals of Technology / Finance?
March 10, 2015, 04:35:20 AM
were it an inside job??
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
Amateurs build exchanges, that's why.
March 10, 2015, 04:15:28 AM
I'm also wondering how much coins got lost in exchanges.
People losing interest in crypto, losing passwords,forgetting how much coins they have, dying etc etc.
I would assume that this kind of "income" might be one of the major incomes of an exchange.
People losing interest in crypto, losing passwords,forgetting how much coins they have, dying etc etc.
I would assume that this kind of "income" might be one of the major incomes of an exchange.
These coins are in no way lost. As long as an exchange operates, user funds work for the exchange. Furthermore, fiat banks dispose of their client deposits in favor of the bank if these deposits are not requested in the set time.
March 10, 2015, 04:11:36 AM
were it an inside job??
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?
March 10, 2015, 04:09:51 AM
Oh, but there are no way Bter will refund 7100 btc with fee, so it doasn't matter if people will trade there or not.. I already forgot about my btc left there...
'For now, they have only promised to pay back, if they can recover by running the site . But ofcourse that will never happen.
By the time they start paying back the bitcoin will be over 1000$ and that would be impossible, unless they are going to pull the GOX trick which will blow up in their faces.
Or it may crash in 2-3 year to 1 dollar and they will refund all without problem
March 10, 2015, 04:07:18 AM
I'm also wondering how much coins got lost in exchanges.
People losing interest in crypto, losing passwords,forgetting how much coins they have, dying etc etc.
I would assume that this kind of "income" might be one of the major incomes of an exchange.
People losing interest in crypto, losing passwords,forgetting how much coins they have, dying etc etc.
I would assume that this kind of "income" might be one of the major incomes of an exchange.
March 10, 2015, 04:03:56 AM
so they can't recover those 7200, using their fee? maybe dismiss some employers
Maybe in a few years, yeah. But by that time many of you will forget they lost some funds over there..
March 10, 2015, 03:58:34 AM
so they can't recover those 7200, using their fee? maybe dismiss some employers
March 10, 2015, 03:51:23 AM
Oh, but there are no way Bter will refund 7100 btc with fee, so it doasn't matter if people will trade there or not.. I already forgot about my btc left there...
'For now, they have only promised to pay back, if they can recover by running the site . But ofcourse that will never happen.
By the time they start paying back the bitcoin will be over 1000$ and that would be impossible, unless they are going to pull the GOX trick which will blow up in their faces.
March 10, 2015, 03:51:08 AM
Oh, but there are no way Bter will refund 7100 btc with fee, so it doasn't matter if people will trade there or not.. I already forgot about my btc left there...
'For now, they have only promised to pay back, if they can recover by running the site . But ofcourse that will never happen.
For refund 7100 in 2 year they need 10 btc profite from fee each day.. 5000k btc per day if keep in mind they need to leave something to self 10000 btc per day volume. Bitstamp has such volume.. not Bter for sure...
March 10, 2015, 03:33:38 AM
Oh, but there are no way Bter will refund 7100 btc with fee, so it doasn't matter if people will trade there or not.. I already forgot about my btc left there...
'For now, they have only promised to pay back, if they can recover by running the site . But ofcourse that will never happen.
March 09, 2015, 11:33:46 PM
Oh, but there are no way Bter will refund 7100 btc with fee, so it doasn't matter if people will trade there or not.. I already forgot about my btc left there...
March 09, 2015, 04:18:40 PM
It's a reasonable assumption that they are holding back withdrawals until they're open for trading again. The few asset withdrawals they enabled must have shown them they would just hemorrhage funds, which would promptly go to Polo and elsewhere. 60% of UNITY has already been withdrawn, for example.
No one save for bter can forbid you to withdraw the coins once they restart the exchange. And if they really open it in 48 hours or so, this won't be a big deal that they didn't allow to withdraw the altcoins. Remember, they had 7k bitcoins stolen, and they had (or still have) to settle this issue somehow.
I am strongly dissagree that 3 weeks of holding user's alt coins is not big deal. I am losing money each day while they hold it. And i am strongy dissagree to continue pay my money to resolve bter's problems. You not agree with me but i still think that exept obvious scam explanation there are only one reason why they didn't open withdraw alts for 3 weeks is fact that they fear to let people run away from exchange with alt coins, before they restart trade, they proly think if we will withdraw coins we will never return them. But i lose money due of such exchange behaviour and it kill any wish to deal with such exchange in future.
This is understandable, but think about people who were in bitcoins at bter when it had got trashed. You suggest that bter should have allowed withdrawal of altcoins, but in this case, as you justly noted, 99% of bter users would withdraw their funds (me included), and the chances of paying off the btc debt to those who lost bitcoins there would have been ephemeral.
Big deal I talked about referred to 48 hours till bter was going to open the exchange.
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