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Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 57. (Read 119723 times)

legendary
Activity: 1778
Merit: 1043
#Free market
Now I challenge someone to use bter again (if it will re-open), or better " to keep your coins on an exchange" and that exchange doesn't use multiSig for his cold wallet.

It seems (not probable) that the exchange will not reopen, what do you think guys ?
hero member
Activity: 840
Merit: 1000
I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information ([email protected]).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.

do you mean a code of " I think we are done here and its time to unplug the cable and grab what we could grab Tongue" i personally think that way, since bter is shady especially after the bitbay ICO issue
legendary
Activity: 1764
Merit: 1031
I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information ([email protected]).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...

Remember the context of ~5 other exchanges being hacked in the same weekend.
'Cold wallet hack' is likely just code for 'we got lazy and didn't secure our BTC properly'. Could be an inside job, of course, but all the other exchanges getting hit? Looks like a coordinated attack.
sr. member
Activity: 308
Merit: 250
I asked BTER to provide proof they went to the police to file a complaint but my mails went unanswered, I suggest we all send them tweets (https://twitter.com/btercom) or write them e-mails to provide such information ([email protected]).

Suspecting fool play as it was an alleged "cold wallet hack". Wouldn't be the first exchange to do so...
legendary
Activity: 888
Merit: 1000
Monero - secure, private and untraceable currency.
They will might open only for withdrawals. The exchange is finished as of now. I assume they will likely allow some investment from VCs and restart later.

Fixed that for you.
hero member
Activity: 593
Merit: 500
1NoBanksLuJPXf8Sc831fPqjrRpkQPKkEA
i have a feeling if they open up to withdraw alts everyone is going to withdraw asap which I suspect will spell the end of BTER

You'd think so, wouldn't you?
But something tells me that some people will still trust them enough to trade there, and keep their coins there.
BTER's like a cat. 9 lives. We'll see if this was the 9th or not.

They will open only for withdrawals. The exchange is finished as of now. I assume they will likely allow some investment from VCs and restart later.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Since the old thread was deleted where i asked that question. Can you give me the source that has such infos first? I mean online newspapers or newsgroups or something like that. It would be worth observing them.

Here an updated article (but not 100% truth, it has some errors) : http://247cryptonews.com/bter-got-hacked-7000-bitcoins-stolen-7-different-accounts/

After you can check this thread and also reddit : http://www.reddit.com/r/Bitcoin/search?q=bter&sort=new&restrict_sr=on

The reddit is bter specific and the article seems to be a blog. Might be that he brought it first but what i want to know even more if the blog is a source for such infos that is worth observing because they bring such news FIRST.

To be exact, i would like to have one or more website that i can observe in order to get such news as one of the first. Not only this one but all kind of news that might crash the bitcoin price.
legendary
Activity: 1778
Merit: 1043
#Free market
Since the old thread was deleted where i asked that question. Can you give me the source that has such infos first? I mean online newspapers or newsgroups or something like that. It would be worth observing them.

Here an updated article (but not 100% truth, it has some errors) : http://247cryptonews.com/bter-got-hacked-7000-bitcoins-stolen-7-different-accounts/

After you can check this thread and also reddit : http://www.reddit.com/r/Bitcoin/search?q=bter&sort=new&restrict_sr=on
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Since the old thread was deleted where i asked that question. Can you give me the source that has such infos first? I mean online newspapers or newsgroups or something like that. It would be worth observing them.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
Updates from Twitter:

Quote
We are seeking all ways to compensate our users including selling http://BTER.com  (Debits & funds not included): [email protected]
Quote
CNY and USD withdrawals will be enabled first in these days and the crypto-coins (NXT etc)will be handled later when we make sure it's safe.

It appears that they are going to sell just Bter liabilities.

Thanks I've added the screenshots of their two tweets. It seems they want "reimburse" all the losses, let's see how much time will it take.

How much is the fish? Grin
legendary
Activity: 1778
Merit: 1043
#Free market
Updates from Twitter:

Quote
We are seeking all ways to compensate our users including selling http://BTER.com  (Debits & funds not included): [email protected]
Quote
CNY and USD withdrawals will be enabled first in these days and the crypto-coins (NXT etc)will be handled later when we make sure it's safe.

It appears that they are going to sell just Bter liabilities.

Thanks I've added the screenshots of their two tweets. It seems they want "reimburse" all the losses, let's see how much time will it take.
sr. member
Activity: 476
Merit: 251
Updates from Twitter:

Quote
We are seeking all ways to compensate our users including selling http://BTER.com  (Debits & funds not included): [email protected]
Quote
CNY and USD withdrawals will be enabled first in these days and the crypto-coins (NXT etc)will be handled later when we make sure it's safe.

It appears that they are going to sell just Bter liabilities.

The are considering to sell the exchange? For me that implies some bad news.
Also, how are they going to sell bter but not their debts? Sounds like they want to cover their losses Huh
legendary
Activity: 1055
Merit: 1002
Selling name? go ahead, selling exchange is big no no no, no more  Alex Green, please. At pleast not before they will send me all my alt coins..
hero member
Activity: 742
Merit: 526
Updates from Twitter:

Quote
We are seeking all ways to compensate our users including selling http://BTER.com  (Debits & funds not included): [email protected]
Quote
CNY and USD withdrawals will be enabled first in these days and the crypto-coins (NXT etc)will be handled later when we make sure it's safe.

It appears that they are going to sell just Bter liabilities.
hero member
Activity: 572
Merit: 506
I still not sure that it is not just a usual scam like mintpal and owners just not gonna run with all money.
Half a year ago, when 50M NXT were stolen from their exchange, they proved they are not scammers. At least it was so half a year aro.
legendary
Activity: 1055
Merit: 1002
i have a feeling if they open up to withdraw alts everyone is going to withdraw asap which I suspect will spell the end of BTER
If they will show reasonable plan for compensate btc lose, even if it will take year or two, if they will show that they increased security, if it will be proven that it was real hack due to lack of security like not keeping cold wallet offline(things which can be learned and fixed), but not inside thiefing.. I could continue trading on bter.. Sure them volume will drop, but if they will work on it they could return traders..

But it is all senseless to talk untile they not even start to return single doge coin :| I still not sure that it is not just a usual scam like mintpal and owners just not gonna run with all money.
legendary
Activity: 1055
Merit: 1002
Can anybody tell when exactly end this holidays?
legendary
Activity: 1764
Merit: 1031
i have a feeling if they open up to withdraw alts everyone is going to withdraw asap which I suspect will spell the end of BTER

You'd think so, wouldn't you?
But something tells me that some people will still trust them enough to trade there, and keep their coins there.
BTER's like a cat. 9 lives. We'll see if this was the 9th or not.
hero member
Activity: 615
Merit: 500
i have a feeling if they open up to withdraw alts everyone is going to withdraw asap which I suspect will spell the end of BTER
legendary
Activity: 888
Merit: 1000
Monero - secure, private and untraceable currency.
"We continue to track the hacker transfer records analysis: OLink to this page if you have a new discovery, I hope you can provide clues for us.
Here, thanks to Bitcoin Chinese American security team gives us safety advice, thank lengthy interviews,
Bao Er Ye enthusiastic help, thank Rui fire block analysis provides us, thank you friends to provide security advice and clues for us."

That's so nice, thank you very much Bter, but it can't be the reason for delaying of altcoin withdrawal.
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