Cryptonit down - page 2. | Bitcointalksearch.org

Cyberdyne

hero member

Activity: 630

Merit: 500

Quote from: Doono on May 01, 2013, 08:16:09 PM

Quote from: xan_The_Dragon on May 01, 2013, 07:57:00 PM

Most clever scam ive seen
step one:set up a site that looks legit
step two: make it a pain to withdraws with google authenticator, so people keep coins in it
step three wait for a coin with mega hype
step 4 bee the first to exchange it bringing tons in
step 5 close down account take coins as soon as vircurex opens up
step 6 sell on vircurex

I feel this would just result in a massive crash in value of the coins, I don't believe anyone could make a particularly meaningful profit doing this so early in a coins history. This is however just my opinion.

Even if you count the FC as worthless, a lot of LTC got deposited there... that's REAL money!

clint25n

sr. member

Activity: 840

Merit: 250

I enjoyed the site. They had a couple bugs to work out but it had potential.

gpudude

full member

Activity: 126

Merit: 100

GPUDude

Quote from: xan_The_Dragon on May 01, 2013, 07:57:00 PM

Most clever scam ive seen
step one:set up a site that looks legit
step two: make it a pain to withdraws with google authenticator, so people keep coins in it
step three wait for a coin with mega hype
step 4 bee the first to exchange it bringing tons in
step 5 close down account take coins as soon as vircurex opens up
step 6 sell on vircurex

Nonsense. Google authenticator was really easy to use.

Not sure why anyone would store coins on a website anyway, should be an exchange not a backup wallet.

Hope they open again, I found the quite decent.

Doono

newbie

Activity: 33

Merit: 0

Quote from: xan_The_Dragon on May 01, 2013, 07:57:00 PM

Most clever scam ive seen
step one:set up a site that looks legit
step two: make it a pain to withdraws with google authenticator, so people keep coins in it
step three wait for a coin with mega hype
step 4 bee the first to exchange it bringing tons in
step 5 close down account take coins as soon as vircurex opens up
step 6 sell on vircurex

I feel this would just result in a massive crash in value of the coins, I don't believe anyone could make a particularly meaningful profit doing this so early in a coins history. This is however just my opinion.

cod

full member

Activity: 122

Merit: 100

Quote from: xan_The_Dragon on May 01, 2013, 07:57:00 PM

Most clever scam ive seen
step one:set up a site that looks legit
step two: make it a pain to withdraws with google authenticator, so people keep coins in it
step three wait for a coin with mega hype
step 4 bee the first to exchange it bringing tons in
step 5 close down account take coins as soon as vircurex opens up
step 6 sell on vircurex

Perhaps. Though I hope not for that sake of many people.

I'll be more worried when my coins leave the wallet they're still in. So far that has not happened.

Perhaps a mass of people tried to withdraw to move to Virc. Or possibly the trading volume increased to the point the application couldn't handle. Or maybe the site was maliciously DoS'd with many micro-trades as has been seen on other and larger exchanges.

I'm not ready to call it a scam just yet. Could be, but not ready to call it as such.

xan_The_Dragon

sr. member

Activity: 322

Merit: 250

I AM A DRAGON

Most clever scam ive seen
step one:set up a site that looks legit
step two: make it a pain to withdraws with google authenticator, so people keep coins in it
step three wait for a coin with mega hype
step 4 bee the first to exchange it bringing tons in
step 5 close down account take coins as soon as vircurex opens up
step 6 sell on vircurex

fran2k

hero member

Activity: 784

Merit: 500

Quote from: Cyberdyne on May 01, 2013, 07:11:58 PM

No, 4500 FC = lol attack.

4500 LTC would be a panic attack... I hope noone had that much in there.

Best is to never have more than 1/2 BTCs in any service without very very well reputation. And, anyway try to have always your coins in your power...

Cyberdyne

hero member

Activity: 630

Merit: 500

Quote from: anderl on May 01, 2013, 04:58:19 PM

Quote from: Praxis on May 01, 2013, 04:56:41 PM

Calm down ... Mugen is not a scammer.
He's had many problems with the websites but he never stole a single coin.
The site will be back and you will get your coins.

agreed. people having panic attacks.

No, 4500 FC = lol attack.

4500 LTC would be a panic attack... I hope noone had that much in there.

thaile4ever

newbie

Activity: 42

Merit: 0

I wouldn't can it a scam site. More like it wasn't designed to handle the load, which was the reason it crash a few weeks ago. He was supposed to upgrade the server or something, but apparently either it wasn't enough or he being ddos or something. In any case it shows that this exchange is not the most professional place to keep your coins.

fran2k

hero member

Activity: 784

Merit: 500

Quote from: anderl on May 01, 2013, 04:58:19 PM

Quote from: Praxis on May 01, 2013, 04:56:41 PM

Calm down ... Mugen is not a scammer.
He's had many problems with the websites but he never stole a single coin.
The site will be back and you will get your coins.

agreed. people having panic attacks.

We can have light speed alt.coins with a block each nanosecond, but you will have to wait 24/48 hs to withdraw your funds, ehehe.

psybits

legendary

Activity: 1386

Merit: 1000

The SSL was gone for a while but it's back on the domain. Hopefully it will be back up soon.

clint25n

sr. member

Activity: 840

Merit: 250

This is good news. Competitors are just doing everything they can to attack it.

thep33t

full member

Activity: 126

Merit: 100

Quote from: anderl on May 01, 2013, 04:58:19 PM

Quote from: Praxis on May 01, 2013, 04:56:41 PM

Calm down ... Mugen is not a scammer.
He's had many problems with the websites but he never stole a single coin.
The site will be back and you will get your coins.

agreed. people having panic attacks.

I doubt he/she is a scammer. That being said: hardware and software die. Dont know what this was run on, or if it was backed up. That is my concern 99% of the time, not scammers.

anderl

hero member

Activity: 714

Merit: 500

Quote from: Praxis on May 01, 2013, 04:56:41 PM

Calm down ... Mugen is not a scammer.
He's had many problems with the websites but he never stole a single coin.
The site will be back and you will get your coins.

agreed. people having panic attacks.

Praxis

legendary

Activity: 1118

Merit: 1004

Calm down ... Mugen is not a scammer.
He's had many problems with the websites but he never stole a single coin.
The site will be back and you will get your coins.

thep33t

full member

Activity: 126

Merit: 100

Quote from: 0150r on May 01, 2013, 04:48:11 PM

If the site disappears with our coins I hope it at least helps to set an example for people to stay away from a lot of the new pump and dump coins.

And another ignore.

desert_beagle

member

Activity: 87

Merit: 10

Uhhh,,, I don't think they're a scam. They seem legit coming from the fact that they had things like google authenticator to prevent unauthorized withdrawal.

But the site owner should post an update or something.

Site owner's name is 'mugen' by the way.

0150r

newbie

Activity: 58

Merit: 0

If the site disappears with our coins I hope it at least helps to set an example for people to stay away from a lot of the new pump and dump coins.

Cyberdyne

hero member

Activity: 630

Merit: 500

Put me down for 4500 FC evaporated.

zdarkazn

newbie

Activity: 42

Merit: 0

Im glad I was able to fix the GA problem and I got my coins out, minus one for fees..

Topic: Cryptonit down - page 2. (Read 3960 times)