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ruletheworld

legendary

Activity: 1386

Merit: 1045

Quote from: Mobius7 on August 21, 2014, 04:38:51 PM

Quote from: sangaman on August 20, 2014, 11:26:39 AM

Another update today from the website:

Quote

Update 20th August 2014
Payout to frozen accounts this month:
10.515 BTC
15.24 LTC
29.44 FTC
9.61 TRC

Total balances after the amounts have been distributed
BTC: 329 accounts with frozen amounts, total 1,671 BTC
FTC: 42 accounts with frozen amounts, total 151,953 FTC
LTC: 2299 accounts with frozen amounts, total 124,864 LTC
TRC: 77 accounts with frozen amounts, total 127,719 TRC

With the current unfreezing rate, it will take 159 months, 9971 months, 4242 months and 13291 months respectively to finish the whole process...

Wow.

Mobius7

hero member

Activity: 532

Merit: 500

Quote from: sangaman on August 20, 2014, 11:26:39 AM

Another update today from the website:

Quote

Update 20th August 2014
Payout to frozen accounts this month:
10.515 BTC
15.24 LTC
29.44 FTC
9.61 TRC

Total balances after the amounts have been distributed
BTC: 329 accounts with frozen amounts, total 1,671 BTC
FTC: 42 accounts with frozen amounts, total 151,953 FTC
LTC: 2299 accounts with frozen amounts, total 124,864 LTC
TRC: 77 accounts with frozen amounts, total 127,719 TRC

With the current unfreezing rate, it will take 159 months, 9971 months, 4242 months and 13291 months respectively to finish the whole process...

cryptodevil

legendary

Activity: 2240

Merit: 1254

Thread-puller extraordinaire

Yup, still unable to access my LTC they stole.

almightyruler

legendary

Activity: 2268

Merit: 1092

Still the exact same frozen balance of 2.31317819 LTC here. Hasn't changed since it was frozen 4 months ago.

sangaman

sr. member

Activity: 342

Merit: 250

Another update today from the website:

Quote

Update 20th August 2014
Payout to frozen accounts this month:
10.515 BTC
15.24 LTC
29.44 FTC
9.61 TRC

Total balances after the amounts have been distributed
BTC: 329 accounts with frozen amounts, total 1,671 BTC
FTC: 42 accounts with frozen amounts, total 151,953 FTC
LTC: 2299 accounts with frozen amounts, total 124,864 LTC
TRC: 77 accounts with frozen amounts, total 127,719 TRC

I have not gotten any new bitcoins unfrozen since my last post, at least nothing significant. It says I have an available balance of 0.00044664 bitcoins but I'm not sure where that came from.

sangaman

sr. member

Activity: 342

Merit: 250

Quote from: almightyruler on July 22, 2014, 07:10:00 PM

My frozen balance is 2.31317819 LTC. I guess that value must fall somewhere in the middle since I haven't received any of it yet.

It could be that the LTC situation is more dire than BTC. I only had BTC frozen on there so I can't speak for any of the other currencies.

almightyruler

legendary

Activity: 2268

Merit: 1092

My frozen balance is 2.31317819 LTC. I guess that value must fall somewhere in the middle since I haven't received any of it yet.

sangaman

sr. member

Activity: 342

Merit: 250

Interesting, would those who still haven't seen anything care to disclose how many bitcoins you have frozen? I'm interested to know if I was getting paid from the bottom up or the top down, 11 bitcoins seems like a fairly middling amount and I wasn't expecting to see any unfrozen bitcoins soon (if ever).

I did recall seeing a few posts of people with around 1 btc or less getting made whole almost right away at the beginning of all this, could it be that everyone with single digits has been paid back (at least 1 bitcoin I guess based on that recent announcement) and now they're unfreezing parts of the balances for people with 10+ btc? Just trying to get a better idea of where we stand with this.

I agree that the repayment method was/is nonsense (tho improved with a 1 bitcoin cap per payment if that's in fact the new policy), but if that's what we're stuck with I'd at least like to know what's going on.

almightyruler

legendary

Activity: 2268

Merit: 1092

Quote from: Arbitrageur on July 22, 2014, 11:41:24 AM

nothing unfrozen for me. original amount still fully locked both for BTC and LTC

Same. Only a small amount, but still, not a single satoshi returned yet.

Arbitrageur

hero member

Activity: 556

Merit: 500

nothing unfrozen for me. original amount still fully locked both for BTC and LTC

Pimpmycoin

hero member

Activity: 595

Merit: 500

non può fare dump per sempre

i'm happy for you

but...

only a moron like Kumala may have thought to refund in this fucking way:

"Distribution logic
50% of the amount will be distributed top down and the other 50% will be distributed bottom up.
Top down means: credit the amount from the largest account balance down to the smaller accounts Bottom up: credit the amount from the smallest account balance to the larger accounts."

sangaman

sr. member

Activity: 342

Merit: 250

I guess this is the best place to post this.

I had BTC frozen on Vircurex, I've posted the details behind this on bitcointalk before in my recent posts if anyone is interested.

I had just over 10 BTC frozen and had very low hopes of seeing any of it.

I hadn't checked my account for several weeks. Today I logged on and saw I had just under 1 BTC unfrozen. I withdrew this and the transaction appeared on the blockchain instantly.

Reading their updates, they've made three relatively small but non-trivial payouts to frozen accounts, one each of the last three months. There's also an announcement that they've capped the returned amount to 1 BTC per user so that more people are able to receive funds. This is a good idea I think although it's not clear if this cap is per payout or cumulative, preferably the former. I'll try to contact support to find out.

This is good to see and I'm wondering if any other users have received payouts on their frozen balances in the last couple of months. Thanks.

Arbitrageur

hero member

Activity: 556

Merit: 500

Quote from: weisoq on June 23, 2014, 06:37:47 AM

It might be a variation on 1) due to uncertainty about the btc auction. Diversifying until any dust has settled and using vircurex just because the volume was there?

nope, no volume on vircurex, you could have paid market price on btc-e cryptsy or bter without moving the price as much (except devcoin).

weisoq

hero member

Activity: 720

Merit: 500

It might be a variation on 1) due to uncertainty about the btc auction. Diversifying until any dust has settled and using vircurex just because the volume was there?

Arbitrageur

hero member

Activity: 556

Merit: 500

ok, since withdrawals have been working smoothly and it wasn't a run away from new stuck btc, here are the cases to explain yesterday weird volumes and price action:

1) someone with lots of money wanted to diversify 250 btc into alts and chose (oddly enough) vircurex to do the trades. he paid up 2-3x (even 10x, there were 7 ltc traded at 0.2) the price of other exchanges. it might be just an ignorant person who doesn't understand markets, or price action, or arbitrage.

2) this makes way more sense if this person is an hacker who stole many btc, not very expert of exchanges and markets, willing to lose trace of the stolen btc: buying alts through an exchange is the best way to achieve this goal.

3) Kumala itself tried to stir up things on his dying exchange to revive attention and interest. well, if this were the case he would have done a better and more honest job in giving back the money to the frozen accounts. at the end of the day, I doubt this strategy will work and if the crazy buys stops here, volume will return to 1-2 btc per day as it was until 2 days ago.

I'd go for number 2.

MaddestScientist

member

Activity: 78

Merit: 12

The volume jumped to over 100 BTC today.

Someone bought DOGE, NMC, DVC, PPC and LTC at as high as 2 times the market price on Vircurex.

I bet something interesting is coming ... Huh

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

I'm now seeing a +06:00 differential with the timestamps ! wtf !

Make note of the times before and after you log in.

Arbitrageur

hero member

Activity: 556

Merit: 500

I withdrew about 1/10th of a btc and went through smoothly! utterly weird. they paid up nmc to 0.01! 3x its price!

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: Arbitrageur on June 22, 2014, 12:35:22 PM

so are there any stuck withdrawals? btc? what else? not the coins people are buying to get out.

I tested that out last night by selling 2500 DVC. No funds were frozen and the 260,000 DVC deposit and withdrawals went smoothly.

If they are in China / Asia, then why are the buy/sell timestamps showing UTC -08:00 Pacific ?

Arbitrageur

hero member

Activity: 556

Merit: 500

so are there any stuck withdrawals? btc? what else? not the coins people are buying to get out.

Topic: closed - page 6. (Read 164773 times)