So i have a theory, everybody knows the initial reason we all thought coinsmarket went down in the first place. New ECA customers overloaded the site and caused the damn thing to blow up. Right well after several days of lack of communication I too am beginning to get worried however once checking the block chain and noticing the irregularity in my balance which is listed as a little over 2 btc, i realized that during the day of the actual crash I was selling ECA for litecoin. when I check my litecoin wallet in the block chain it actually says that I have a zero balance. The balance on coinsmarket remains accurate which is a little over 80 litecoins
So from my understanding of this the transactions that happened if you were trading on that day were not correctly updated due to the server overload so although the ledger in coinsmarket is still correct with our balances the blockchain still has yet to receive the accurate data which would cause an even more large amount of mayhem in order for them to fix.
the lack of communication is by far the worst part of the unknown about this. But during my frustration from the early beginnings of the ECA Overload i would send messages to the support and it was always short very low in details and just basically said please dont spam support.
So the dev is getting blasted with so many emails, death threats, you name it, etc... he's probably freaking out, a simple update from something that sounds human would make us all feel a little bit better..
but from how i look at it.. the balances just haven't caught up yet and they do actually have a lot of work to do.
https://live.blockcypher.com/ltc/address/LSw5eeiwXCBBoeNMkk7e5WjSzMRwimnn23/?before=1328702 here is my litecoin wallet which should have 80 coins
https://live.blockcypher.com/btc/address/1JmsctGR1CaG2bY59VY2rmJDGpAGNsCCBh/ here is my bitcoin wallet which shows 2.07 which is the total of my deposits from that day however i currently as on coinsmarket only have .92 btc
any thoughts on this guys?
I think this is possible. I have the same. I bought some B3 with LTC when the site didnt work well anymore. On the blockchain it said I still have all the LTC but in my wallet on CM I already have the B3. The blockchain of B3 said that there is 0 B3 on that wallet.
@crisisz
"when I check my litecoin wallet in the block chain it actually says that I have a zero balance. The balance on coinsmarket remains accurate which is a little over 80 litecoins"
This is the more worrying part. The wallet you see is just an interface to the exchange. It can show you whatever they want it to show you.
Your bitcoin wallet has what you say it has, but maybe if they are stealing, they will leave the btc to last in order to cash out.
@xeTex
If they halted service, they obviously woudn't bother getting the B3 as they can cash out more easily with LTC.
I have no idea what is going on but it looks very bad. The site is now unsecure when you go there - no https so it looks like some kind DNS hijack, or more accurately a staged DNS hijack and twey are robbing all the funds.
Either way, they are either stealing your crednetials when you log in now, or they have complete control anyway so it wouldn't matter. Or, and I hope it'sw this one - they are bogged down with work, but unfortunaltely I just don't see that.
I hope I'm wrong as I have money on there, but it looks bad. The fact that nobody knows who they are, they don't communicate, the site is unsecured and they could be stealing your credentials all points to bad news. In 6 months time, it might look the same as it does now except there will have been activity in the wallets.
@burlz
" I understand that the block explorer cannot make changes but is it the accepted true record of where the coins are held - so why cannot the devs in circumstances such as these remove the authority of the exchange to write these records and assign the authority to another exchange that is more reputable"
That's not whow it works, noone has authority over the blockchain - that's the whole point. It's a big target for organised crime for that reason. Noone can stop them. This isn't VISA
@patel345
Seems like a staged/fake cover for a DNS attack when they are probably carrying out the attack thermselves. BTW, isn't cloudflare centralized. We need to be moving away from this stuff too, towards blockstack etc.
And remember, we don't have the priavate keys to our wallets even if the funds remain there.
This is why we MUST HAVE decentralized exchanges. We need lots of atomic swaps. Technology like 0x, BNT, Loopring and Kyber etc needs to be supported more. If your favorite coin doesn't have atomic swaps on the road map, should it be your favorite?
This is cryptoland - it's the wild west. Don't count on people being brought to justice. It's a hackers paradise.