BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 36.

mishax1

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Quote from: noma on March 04, 2015, 01:55:32 AM

Quote from: tee-rex on March 03, 2015, 05:25:48 PM

By the way, the bter hot wallet now has 210 bitcoins in it. It gets credited in 10 btc chunks every other day. This way it will take them about 4 years to make up for the robbery losses (provided they have no other bitcoin wallets we don't know about).

Seems people are still naive enough to continue in the site. I would have expected the funds to be decreasing and not decreasing after the hack occured.

Even if they resume trading I don't think people will still be trading there, except for some close individuals affiliated with BTER.

I bet you that at least 80% of the traders will leave, their daily volume will be low so no new traders would even consider joining them.

They are not even in a position to offer some real incentive for the traders..

noma

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Quote from: tee-rex on March 03, 2015, 05:25:48 PM

By the way, the bter hot wallet now has 210 bitcoins in it. It gets credited in 10 btc chunks every other day. This way it will take them about 4 years to make up for the robbery losses (provided they have no other bitcoin wallets we don't know about).

Seems people are still naive enough to continue in the site. I would have expected the funds to be decreasing and not decreasing after the hack occured.

mishax1

legendary

Activity: 2898

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Scammers not being jailed is a big fucking problem to the crypto, as you can see even an exchange that traded fiat can easily walk away as if nothing happened since they enabled fiat withdrawals.

Kn_os

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Quote from: tee-rex on March 03, 2015, 04:35:49 PM

Quote from: Kn_os on March 02, 2015, 08:05:12 AM

Quote from: redsn0w on March 02, 2015, 08:01:17 AM

Will you use again bter.com or not ?

I will. I am trading everywhere actualy. But i will not put there 25% depo.. no more.. :|

Another arbitrageur trapped at bter?

If you are making around 1% per day on your capital, you'll be doubling it every 70 days. You will earn 33.3% of your starting capital in the first month, minus 25% of which will take you back where you started. So if you don't place more than 25% of your operating capital at an exchange, you will stay profitable providing that exchanges don't disappear more often than once per month.

It was realy bad luck.. I usualy kept there not much than 10% .. but i deposited 12 hours before btc to buy bts... when i understood there will be not more dump like 3 days before i tried to withdraw.. was too late they stoped all withdraw, called support, they start to talk noncence.. felt something bad happened... checked cold wallet... put rest alt coins on withdraw but it all was too late..

zazarb

legendary

Activity: 3570

Merit: 1548

Get loan in just five minutes goo.gl/8WMW6n

Quote from: tee-rex on March 03, 2015, 05:25:48 PM

By the way, the bter hot wallet now has 210 bitcoins in it. It gets credited in 10 btc chunks every other day. This way it will take them about 4 years to make up for the robbery losses (provided they have no other bitcoin wallets we don't know about).

but if bter resume work, not all people will withdraw our btc

deisik

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Activity: 3514

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English ⬄ Russian Translation Services

Quote from: redsn0w on March 03, 2015, 05:31:46 PM

Quote from: tee-rex on March 03, 2015, 05:25:48 PM

By the way, the bter hot wallet now has 210 bitcoins in it. It gets credited in 10 btc chunks every other day. This way it will take them about 4 years to make up for the robbery losses (provided they have no other bitcoin wallets we don't know about).

I should correct you, this wallet doesn't get credited every day. I've been also intently watching this wallet since the downfall of Bter (lost a few bitcoins there), and 10 bitcoins are moved there once in two days on the average.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: tee-rex on March 03, 2015, 05:25:48 PM

By the way, the bter hot wallet now has 210 bitcoins in it. It gets credited in 10 btc chunks every other day. This way it will take them about 4 years to make up for the robbery losses (provided they have no other bitcoin wallets we don't know about).

tee-rex

hero member

Activity: 742

Merit: 526

By the way, the bter hot wallet now has 210 bitcoins in it. It gets credited in 10 btc chunks every other day. This way it will take them about 4 years to make up for the robbery losses (provided they have no other bitcoin wallets we don't know about).

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: Kn_os on March 02, 2015, 08:05:12 AM

Quote from: redsn0w on March 02, 2015, 08:01:17 AM

Will you use again bter.com or not ?

I will. I am trading everywhere actualy. But i will not put there 25% depo.. no more.. :|

Good choice, I suggest you to don't "keep" your money on an exchange. Deposit the coins that you want to "exchange" and after exchange them and request (quickly) a withdrawal.

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: Kn_os on March 02, 2015, 08:05:12 AM

Quote from: redsn0w on March 02, 2015, 08:01:17 AM

Will you use again bter.com or not ?

I will. I am trading everywhere actualy. But i will not put there 25% depo.. no more.. :|

Another arbitrageur trapped at bter?

If you are making around 1% per day on your capital, you'll be doubling it every 70 days. You will earn 33.3% of your starting capital in the first month, minus 25% of which will take you back where you started. So if you don't place more than 25% of your operating capital at an exchange, you will stay profitable providing that exchanges don't disappear more often than once per month.

abyrnes81

hero member

Activity: 714

Merit: 500

I' still thinking they are scamming us , but I hope that they will repay us ( I know , I lost the bitcoin Undecided

).

blueshoe

sr. member

Activity: 277

Merit: 250

bter need something like this https://bitcoinmagazine.com/19465/breaking-canadian-exchange-quadrigacx-become-worlds-first-publicly-traded-bitcoin-exchange/ a puplicly traded exchange

Funny ... Look this: Shocking interview! - In the mind of an altcoin developer: http://youtu.be/cIasr2AiyZ0

calci

full member

Activity: 168

Merit: 100

www.secondstrade.com - 190% return Binary option

Quote from: deluxeCITY on March 03, 2015, 12:41:29 PM

Quote from: sumantso on March 03, 2015, 11:33:38 AM

I said earlier that the allowing of withdrawal of CNY and USD was meant to avoid legal problems. Now they have stopped for who knows how long.

Have they finished USD and CNY withdrawals now then? If they have and they have not started the process of alt coin withdrawals then the slightly paranoid have reason to believe that they may do a runner!

I would not find that surprising if i am honest because or all withdrawals would have been done by now Huh

Looks like they brought time to get the alt coins ready to dump and now they should avoid legal issues if the USD and CNY has been withdrawn it is not good for my NXT and XCP Angry

I think they have already started the withdrawls of the NXT based altcoins as someone said above

deluxeCITY

hero member

Activity: 532

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Quote from: sumantso on March 03, 2015, 11:33:38 AM

I said earlier that the allowing of withdrawal of CNY and USD was meant to avoid legal problems. Now they have stopped for who knows how long.

Have they finished USD and CNY withdrawals now then? If they have and they have not started the process of alt coin withdrawals then the slightly paranoid have reason to believe that they may do a runner!

I would not find that surprising if i am honest because or all withdrawals would have been done by now Huh

Looks like they brought time to get the alt coins ready to dump and now they should avoid legal issues if the USD and CNY has been withdrawn it is not good for my NXT and XCP Angry

Cassius

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Activity: 1764

Merit: 1031

Quote from: Kn_os on March 03, 2015, 12:21:44 PM

Quote from: sumantso on March 03, 2015, 11:33:38 AM

I said earlier that the allowing of withdrawal of CNY and USD was meant to avoid legal problems. Now they have stopped for who knows how long.

Can't understand what's bter doing right now. If they are scamers, 7500 btc was a good cash, they alraedy let people withdraw cny, why not people withdraw alt coins? they will never take for them good price they will just drop a market if will try to sell them. Even pure scamer Alex Green took only btc and let people withdraw rest, yes not fullly, not all, but a lot of coins was possible to save from mintpal.

If they are not scamers them behavious even less understandable, why they keep holding not beloning to them money? If they are trying to save them exchange buy holding alt coins, they only killing it. Shit happens, hack happens, losing money happens, but Bter's reaction on it worsest i ever saw.

Hanlon's Razor: Never attribute to malice that which is adequately explained by stupidity.

Knowing a little of BTER's MO, I genuinely believe that incompetence is a better explanation than outright dishonesty.
Whether or not you find that reassuring is another matter.

Kn_os

legendary

Activity: 1055

Merit: 1002

Quote from: sumantso on March 03, 2015, 11:33:38 AM

I said earlier that the allowing of withdrawal of CNY and USD was meant to avoid legal problems. Now they have stopped for who knows how long.

Can't understand what's bter doing right now. If they are scamers, 7500 btc was a good cash, they already let people withdraw cny, why not let people withdraw alt coins? they will never take for them good price they will just drop a market if will try to sell them. Even pure scamer Alex Green took only btc and let people withdraw rest, yes not fullly, not all, but a lot of coins was possible to save from mintpal.

If they are not scamers them behaviour even less understandable, why they keep holding not beloning to them money? If they are trying to save exchange by holding alt coins, they are only killing it. Shit happens, hack happens, losing money happens, but Bter's reaction on it worsest i ever saw.

sumantso

legendary

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I said earlier that the allowing of withdrawal of CNY and USD was meant to avoid legal problems. Now they have stopped for who knows how long.

tersagun

sr. member

Activity: 280

Merit: 250

Quote from: ?? on ??

Quote from: tersagun on March 03, 2015, 08:41:56 AM

Quote from: ?? on ??

Has BTEr now started allowing withdrawls for all altcoins or are they still limiting the altcoins you can withdraw ?

Only NXT assets.

And have they commented about when do they plan to allow the withdrawls of the other altcoins ?

No.

You can follow their Twitter.

tersagun

sr. member

Activity: 280

Merit: 250

Quote from: ?? on ??

Has BTEr now started allowing withdrawls for all altcoins or are they still limiting the altcoins you can withdraw ?

Only NXT assets.

bitcoinmar

hero member

Activity: 812

Merit: 500

Quote from: Mickeyb on March 02, 2015, 06:15:59 PM

Quote from: thunderjet on March 02, 2015, 05:34:48 PM

It seems that BTER will compensate all stolen BTCs. This is theirs last message on Weibo(translate from Chinese):

" we decided to work with partners to reconstruct the background of exchange, solve the problem of virtual currency wallets,provide safe restart of exchange which will offer more features and better services, reimbursement for loss of customers. More details released soon, sincerely thank you for your support."

They are just buying time!!

I agree they are buying time and just nothing many days and no work mean its going to dead like MintPal in next few days

Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 36. (Read 119733 times)