EXCHANGE SCAMS? DO YOU THINK BITTREX, CRYPTSY AND OTHER EXCHANGE ARE CHEATING ?

Brus123

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Large exchanges are the main weapon of scammers. Now you can easily get to an exact copy of the original site, where attackers are trying to get your details, and use them on the real site. It is enough to enter your data on a fake exchange once and you can say goodbye to your funds.

Dannyboy12

newbie

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I have the original Cryptsy Wallet for LitecoinX (2014 Chain) with nearly 5 million coins in it. If you are a developer please contact me, as it seems a bit of a waste for it to be sitting here doing nothing. Maybe we could offer some restitution for the people who owned LitecoinX on the exchange, thousands of transactions are in the wallet which could be used as proof for people who lost coins on Cryptsy. The coins are all currently unconfirmed as we would need someone with the old part of the blockchain to share the original chain to confirm them. Please let me know if anyone is interested in re-developing the original chain so we can help give back to the people who's money Cryptsy stole (I was one of them).

A distribution to the ones who were taken advantage of might just be exactly what we need to regain interest in LitecoinX coin and re-energise people to start a new chapter for this coin. We have the best name, we just need to regain the people who were originally involved so we can all enjoy this resurgence together.

Please PM me if you can help. Thanks

BitJohn

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@Bit_John

Quote from: smalltimer on July 29, 2014, 02:07:05 AM

hey interesting thread. I also experience buyorders popping up suddenly at the exact moment of a dump. Maybe someone has an advantage of a few milliseconds there?

will cryptsy ever fix their negative-balance-bug? I think it is embarrassing for an exchange to even have it being possible the customer can have a negative balance.

Well here is what I wonder in the world of altcoins how can you ever not have a negative balance issue at times. Coins rollback and low hashrate chains sometimes after a customer sells them. More interestingly why don't other exchanges do this. My guess is either they don't realize they are slowly leaking rolled back coins or they are trying to eat the loss.

Rollbacks can occur from miniforks, hardforks, attacks etc they are a pretty regular occurrence. I guess if you cannot detect them then you might never know your short coins in your wallets. Multpool owners see it more than anyone.

akujin

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Quote from: smalltimer on July 29, 2014, 02:07:05 AM

hey interesting thread. I also experience buyorders popping up suddenly at the exact moment of a dump. Maybe someone has an advantage of a few milliseconds there?

will cryptsy ever fix their negative-balance-bug? I think it is embarassing for an exchange to even have it being possible the customer can have a negative balance.

I noticed that too.... LOL big buy order would appear and will quickly get dumped Grin

Not sure if it's a trader with a bot who could detect it quickly or the exchange pumping volume Grin

smalltimer

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hey interesting thread. I also experience buyorders popping up suddenly at the exact moment of a dump. Maybe someone has an advantage of a few milliseconds there?

will cryptsy ever fix their negative-balance-bug? I think it is embarassing for an exchange to even have it being possible the customer can have a negative balance.

BitJohn

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@Bit_John

Quote from: BitJohn on July 28, 2014, 05:02:48 PM

Quote from: Spoetnik on July 28, 2014, 11:16:40 AM

i have been fed bs and called a conspiracy nut for a year from a certain guy here so i have long learned to tune it out.

dealing with people playing dumb is tiring.

you can fool some of the people some of the time..

I'd give you a 50% on the spot for some of your conspiracies.

Haha was not meant to be a pun.

BitJohn

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@Bit_John

Quote from: Spoetnik on July 28, 2014, 11:16:40 AM

i have been fed bs and called a conspiracy nut for a year from a certain guy here so i have long learned to tune it out.

dealing with people playing dumb is tiring.

you can fool some of the people some of the time..

I'd give you a 50% on the spot for some of your conspiracies.

Spoetnik

legendary

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FUD Philanthropist™

i have been fed bs and called a conspiracy nut for a year from a certain guy here so i have long learned to tune it out.

dealing with people playing dumb is tiring.

you can fool some of the people some of the time..

BitJohn

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@Bit_John

Quote from: akujin on July 28, 2014, 08:43:06 AM

Quote from: BitJohn on July 28, 2014, 07:52:30 AM

More than likely you had an open order, a withdraw or a reversal of coins (with LTC it probably was not the third) that was making your balance negative. In most of these cases you simply had to cancel. In your specific case I am not sure which it was but yes we do not let anyone withdraw if they have a negative balance.

I don't have any open order that time. The support said it was from a trade I did long time ago. And I had BTC trades after that.
The negative balance only appeared when I tried to withdraw. I still have my craptsy points in my account that I could sell that time so my account balance isn't negative. And you made me wait for hours like an idiot trying to figure out what went wrong. I didn't even receive any warning or an email.

We did have a day that our audit system got mucked up during an update. The system is pretty strict the negative balance would have to be settled in that currency. So your right you did have other coin but it would have to be settled in that coin. One thing you said I completely agree with is an email that goes out stating your situation already brought the suggestion to the dev's. Sorry for the inconvenience.

akujin

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Quote from: BitJohn on July 28, 2014, 07:52:30 AM

More than likely you had an open order, a withdraw or a reversal of coins (with LTC it probably was not the third) that was making your balance negative. In most of these cases you simply had to cancel. In your specific case I am not sure which it was but yes we do not let anyone withdraw if they have a negative balance.

I don't have any open order that time. The support said it was from a trade I did long time ago. And I had BTC trades after that.
The negative balance only appeared when I tried to withdraw. I still have my craptsy points in my account that I could sell that time so my account balance isn't negative. And you made me wait for hours like an idiot trying to figure out what went wrong. I didn't even receive any warning or an email.

papagravel

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kore, shield and the latest one conceil. All coins released with no dev. How do these coins make it on there?

BitJohn

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@Bit_John

Quote from: akujin on July 28, 2014, 06:18:33 AM

I'll repost it here. Grin

Here's my experience with mintpal and cryptsy.

This one happened twice already. The buy order I was supposed to dump at disappears when my deposit is about to arrive at mintpal.
I did a test one time, I just monitored the buy order at mintpal when I had a chance to arbitrage with mintpal and other exchange and there was a high bid at mintpal. The buy order remain there for hours... but of course, if I try to buy at other exchange and deposit it at mintpal, that buy order will disappear before I could dump on it. LOL!

Quote from: akujin on July 28, 2014, 03:24:51 AM

Sigh! Mintpal did it again! Bought some GUE at bittrex at 2.8k because I saw a 6500 buy @3.1k at mintpal. So I immediately sent it to mintpal then I was wondering why it's stuck at 8 out of 10 confirmations. I keep refreshing the page but it's still 8 confirmations while it already has 17 conf.

Then suddenly, someone else dumped at the buy order I was targetting Angry

Then after the buy order is gone, that's when my deposit was credited at mintpal! I'm starting to hate this exchange now Angry

Here's another one. This happened twice already.My buy order doesn't get hit because someone will suddenly appear and block the dump by 1 satoshi.
This one happens when I'm logged out of the exchange. That's why I always remain logged in now and monitor the orderbook Cheesy

Quote from: akujin on July 21, 2014, 11:38:40 PM

Mintpal! What a crook! I placed an order yesterday at 0.00015020 and the price only dropped 1 point higher than my order. The next orders are at 0.00015300~ before I logout and just monitor it at bitcoinwisdom. Few minutes later, I noticed it got dumped and someone magically appeared at 0.00015021. The buy orders was thin because it was dumped recently up to 0.00015018..
I wonder how someone could possibly place a buy order faster than the guy selling BTC and catch his dump. Roll Eyes

Or maybe it was mintpal selling BTC to his own buy orders to pump volume while avoiding the REAL buy orders? Roll Eyes

--------------------------
And here's with cryptsy, they suddenly slap me with a negative balance when I emptied my balance on their exchange. They're blaming it on a trade I did long time ago. And they also held my withdrawal as hostage. LOL!

Quote from: akujin on June 20, 2014, 09:01:08 AM

How long does it take to confirm darkcoin transactions? I tested withdrawing from cryptsy to mintpal and it's been 45mins and it's still no confirmations. Cryptsy also gave me a negative LTC balance? LOL!

XtDS1rvVfwr9w3zrRsVbcCDwXzFyTYPV29

I've confirmed the withdrawal from my email an hour later and waited 6hrs but still, the withdrawal wasn't processed. It appears that they kept it as hostage because they say I owe them -0.00017388LTC. That's just $0.00172. LOL! I miss my arbitrage opportunity because of that! Roll Eyes

More than likely you had an open order, a withdraw or a reversal of coins (with LTC it probably was not the third) that was making your balance negative. In most of these cases you simply had to cancel. In your specific case I am not sure which it was but yes we do not let anyone withdraw if they have a negative balance.

BitJohn

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@Bit_John

Quote from: KenChanYu on July 28, 2014, 12:47:07 AM

Quote from: Spoetnik on July 28, 2014, 12:37:16 AM

@KenChanYu
want a good infrastructure ?
click on the banner ad's here and buy an exchange of your own pre-made LOL

and what is important ?

uhh honesty ? lol

The reason I bring up paycoin is because I asked DeppJ how did the coin get onto Cryptsy? He said Cryptsy take backhands, This was after he left the coin... I will see if I still have the response in my message history.

10 page ANN
https://bitcointalksearch.org/topic/annpyc-paycoin-going-to-be-hard-forked-soon-268941

Reading that ANN is funny, they didnt even have a working pool and we here talking about how bad bittrex is.

Like they slapped us to add their coin? We simply added paycoin at the time it was "on the list" and its time came. Was a different rate of additions back then.

akujin

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Activity: 336

Merit: 250

I'll repost it here. Grin

Here's my experience with mintpal and cryptsy.

This one happened twice already. The buy order I was supposed to dump at disappears when my deposit is about to arrive at mintpal.
I did a test one time, I just monitored the buy order at mintpal when I had a chance to arbitrage with mintpal and other exchange and there was a high bid at mintpal. The buy order remain there for hours... but of course, if I try to buy at other exchange and deposit it at mintpal, that buy order will disappear before I could dump on it. LOL!

Quote from: akujin on July 28, 2014, 03:24:51 AM

Sigh! Mintpal did it again! Bought some GUE at bittrex at 2.8k because I saw a 6500 buy @3.1k at mintpal. So I immediately sent it to mintpal then I was wondering why it's stuck at 8 out of 10 confirmations. I keep refreshing the page but it's still 8 confirmations while it already has 17 conf.

Then suddenly, someone else dumped at the buy order I was targetting Angry

Then after the buy order is gone, that's when my deposit was credited at mintpal! I'm starting to hate this exchange now Angry

Here's another one. This happened twice already.My buy order doesn't get hit because someone will suddenly appear and block the dump by 1 satoshi.
This one happens when I'm logged out of the exchange. That's why I always remain logged in now and monitor the orderbook Cheesy

Quote from: akujin on July 21, 2014, 11:38:40 PM

Mintpal! What a crook! I placed an order yesterday at 0.00015020 and the price only dropped 1 point higher than my order. The next orders are at 0.00015300~ before I logout and just monitor it at bitcoinwisdom. Few minutes later, I noticed it got dumped and someone magically appeared at 0.00015021. The buy orders was thin because it was dumped recently up to 0.00015018..
I wonder how someone could possibly place a buy order faster than the guy selling BTC and catch his dump. Roll Eyes

Or maybe it was mintpal selling BTC to his own buy orders to pump volume while avoiding the REAL buy orders? Roll Eyes

--------------------------
And here's with cryptsy, they suddenly slap me with a negative balance when I emptied my balance on their exchange. They're blaming it on a trade I did long time ago. And they also held my withdrawal as hostage. LOL!

Quote from: akujin on June 20, 2014, 09:01:08 AM

How long does it take to confirm darkcoin transactions? I tested withdrawing from cryptsy to mintpal and it's been 45mins and it's still no confirmations. Cryptsy also gave me a negative LTC balance? LOL!

XtDS1rvVfwr9w3zrRsVbcCDwXzFyTYPV29

I've confirmed the withdrawal from my email an hour later and waited 6hrs but still, the withdrawal wasn't processed. It appears that they kept it as hostage because they say I owe them -0.00017388LTC. That's just $0.00172. LOL! I miss my arbitrage opportunity because of that! Roll Eyes

boxuser

sr. member

Activity: 322

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Credits CRD 1st Decentralized Exchange coin

very possible, hopefully credits CRD will be released soon and all that cheating and scamming will he a thing of the past.

see https://bitcointalksearch.org/topic/ann-credits-crd-with-20-decentralized-exchangeanonmarketmore-peak-july-2nd-634403

nwfella

legendary

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Well hello there!

I broke down and signed up for an account on BitTrex a few days ago hoping I would be able to try some arbitrage trading between Cryptsy and BitTrex but ultimately found the UI for BitTrex ground to a slow crawl for me. Not sure if it was system-specific as I haven't tried accessing my BitTrex account on another system but certainly was frustrating.

KenChanYu

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Quote from: Spoetnik on July 28, 2014, 12:37:16 AM

@KenChanYu
want a good infrastructure ?
click on the banner ad's here and buy an exchange of your own pre-made LOL

and what is important ?

uhh honesty ? lol

The reason I bring up paycoin is because I asked DeppJ how did the coin get onto Cryptsy? He said Cryptsy take backhands, This was after he left the coin... I will see if I still have the response in my message history.

10 page ANN
https://bitcointalksearch.org/topic/annpyc-paycoin-going-to-be-hard-forked-soon-268941

Reading that ANN is funny, they didnt even have a working pool and we here talking about how bad bittrex is.

KenChanYu

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Activity: 1139

Merit: 500

Quote from: Spoetnik on July 28, 2014, 12:35:06 AM

by the way i watched as coin after coin was added simultaneously to www.ipominer.com
and sometimes it was just painfully obvious there was a connection between that Scypt clone auto coin changing port multi-pool
they both added them in tandem and these short lived pump and dump coins would die in value so bad and so fast
i couldn't mine enough to do the minimum coin sell amount or min withdraw amount from the pool !
that is REALLLLLY bad !

there was so many coins that i wondered how in the hell did they even know to get them listed so fast ?
i would bet my left testicle they ran both sites and made the coins too !
why ? because they could and it was easy and it as worth a LOT of money !
make a new coin and dump it hard then make a new one.. on and on and on..

i have watched all the bigger ones pull stunts that can NOT be white washed with excuses..
BTER for example as pulled some shit.
The bigger the are the more shit they seem to pull i think.

if it stinks ?
there is prob a a reason.. $$$$$$$$$$$$

I agree 100% with the above. Really all exchanges are out to make money and some go about it differently to others.

Spoetnik

legendary

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FUD Philanthropist™

@KenChanYu
want a good infrastructure ?
click on the banner ad's here and buy an exchange of your own pre-made LOL

and what is important ?

uhh honesty ? lol

KenChanYu

hero member

Activity: 1139

Merit: 500

Quote from: Spoetnik on July 28, 2014, 12:26:57 AM

Quote from: KenChanYu on July 28, 2014, 12:16:46 AM

Great coins? Really? It feels like Bittrex lists coins just if the developers asks the to. They edrose pumps ad dumps heavily.

I just think Bittrex have the infrastructure to add as many coins as they like where the rest of the exchanges have to remove coins before adding new ones just to maintain decent performance.

I also got burned by scam coins in the past and only had myself to blame, one of them being a coin that got added to mintpal without a vote. Cryptsy still has coins like paycoin where the dev stopped working on it back in January.

[/quote]

Bittrex has a link on it's site that loads a forum topic here.. that is their professionalism (a bitcointalk forum post lol)
i just checked and it's not on right now but it is a lot !

here is an example of a contradiction in your statement taken from their pro support topic lol
source=https://bitcointalk.org/index.php?topic=635824.0
and there is more i just found using google on this forum alone !

Quote

so..

you were saying ? LOL
[/quote]

but what is worse, exchanges keeping on coins that are dead already or coins being removed if they are determined to have no future?

If Cryptsy wants to be the best they need to start scanning ANNs to see what coins are still valid and which ones aren't. Having coins like paycoin (one of many dead on cryptsy) just keeps the scam going longer for newcomers.

Topic: EXCHANGE SCAMS? DO YOU THINK BITTREX, CRYPTSY AND OTHER EXCHANGE ARE CHEATING ? (Read 2162 times)