Jack Kingston: i lost $430,000 On BTC-E - page 2.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: HabBear on August 06, 2017, 01:07:38 PM

Quote from: xhomerx10 on August 06, 2017, 12:55:56 PM

Well, how are you going to do whale-like trading without keeping whale-sized numbers of coin on an exchange?!

This quote might be sarcasm, but with $3.5m in Bitcoin you don't need to do any trading...just let it sit there!

To say that it's frustrating to watch the US claim jurisdiction over this case is the understatement of the year. But what's not being discussed is why the countries who do have jurisdiction in this case (i.e., Russia, Greece, New Zealand, others?) are so willing to allow the US to assume jurisdiction. US agencies can't operate so openly without the permission of the local countries. Perhaps the only exception is the internet and only because the US can hack and control whatever site they want...and they don't need some country's permission to do so. The internet is still the wild west...it's like operating in the ocean...there are no borders.

Well, you and I don't need to do any trading but a BTCaller's gonna BTCall.

swogerino

legendary

Activity: 3136

Merit: 1233

Top Crypto Casino

Quote from: lite on August 06, 2017, 02:47:53 PM

Quote from: swogerino on August 06, 2017, 02:08:34 PM

Quote from: IIOII on August 06, 2017, 01:01:31 PM

Didn't BTC-E claim that all crypto funds are safe and they will come back online shortly.

Anyway it's a crazy high amount to store on a BTC exchange. Hopefully the owner receives back his coins and learns his lesson.

Well I think they may never come online again. I read today that the owner is detained by the police officers. Unless he has given his powers to some of his co helpers to run the site probably we will not see BTC-E again online. People still keeping high amounts of bitcoins in exchange is a thing that surprises me a bit, I guess people will never learn except the hard way.

Link when the owner was detained by the police: http://uk.reuters.com/article/us-greece-russia-arrest-bitcoin-idUKKBN1AB27W

I cannot reach the site today.

I think your information on btc-e is outdated, btc-e owner(s) have gained control over database and wallets, they might come back!

https://bitcointalksearch.org/topic/update4-03082017-2063529
https://www.coindesk.com/troubled-btc-e-exchange-claims-control-of-databases-and-bitcoin-wallets/

I hope you are right but things are not looking good. I still cannot reach the site and after many tries it finally says that this domain has been seized and I see about 6 logos of different US agencies. I hope they come back but surely it will not be the same website btc-e.com anymore. They need to add these wallets and databases to a new website and would be better if they keep the server in some third world country this time.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: zycrypto on August 06, 2017, 12:51:35 PM

Jack Kingston, a cryptocurrency trader from Melbourne, Australia has claimed to have lost $430,000 woth of digital coins(bitcoins and dashcoins) in the just seized exchange BTC-E.

Continue Reading=> https://zycrypto.com/jack-kingston-lost-430000-btc-e/

People were advised to get their coins off exchanges and into secured wallets they control the private keys because of the fork. So, why is anyone complaining they lost coins for that sake? Obedience is better than sacrifice, it isn't only applicable in the Old Testament. It is a maxim. Let the losers lick their wounds. No pity party for anyone.

lite

legendary

Activity: 1400

Merit: 1009

Quote from: swogerino on August 06, 2017, 02:08:34 PM

Quote from: IIOII on August 06, 2017, 01:01:31 PM

Didn't BTC-E claim that all crypto funds are safe and they will come back online shortly.

Anyway it's a crazy high amount to store on a BTC exchange. Hopefully the owner receives back his coins and learns his lesson.

Well I think they may never come online again. I read today that the owner is detained by the police officers. Unless he has given his powers to some of his co helpers to run the site probably we will not see BTC-E again online. People still keeping high amounts of bitcoins in exchange is a thing that surprises me a bit, I guess people will never learn except the hard way.

Link when the owner was detained by the police: http://uk.reuters.com/article/us-greece-russia-arrest-bitcoin-idUKKBN1AB27W

I cannot reach the site today.

Your information on btc-e is outdated, btc-e owner(s) have gained control over database and wallets, they might come back!

https://bitcointalksearch.org/topic/update4-03082017-2063529
https://www.coindesk.com/troubled-btc-e-exchange-claims-control-of-databases-and-bitcoin-wallets/

BaZiZu

newbie

Activity: 13

Merit: 0

This is so painful to hear. Hope the money can be recovered.

pearlmen

sr. member

Activity: 322

Merit: 250

Quote from: zycrypto on August 06, 2017, 12:51:35 PM

Jack Kingston, a cryptocurrency trader from Melbourne, Australia has claimed to have lost $430,000 woth of digital coins(bitcoins and dashcoins) in the just seized exchange BTC-E.

Continue Reading=> https://zycrypto.com/jack-kingston-lost-430000-btc-e/

Jack has fallen because he and others failed to heed to advise times without number that exchange sites are vulnerable not only to hackers but several interested parties even the owner himself is a threat to the site but they fail to take heed and move their funds out thinking exchange sites has turn to a bank where you can fixed deposit for eternity. The only consolation we can give them is for btc-e to live up to expectation and pay them back as promised.

swogerino

legendary

Activity: 3136

Merit: 1233

Top Crypto Casino

Quote from: IIOII on August 06, 2017, 01:01:31 PM

Didn't BTC-E claim that all crypto funds are safe and they will come back online shortly.

Anyway it's a crazy high amount to store on a BTC exchange. Hopefully the owner receives back his coins and learns his lesson.

Well I think they may never come online again. I read today that the owner is detained by the police officers. Unless he has given his powers to some of his co helpers to run the site probably we will not see BTC-E again online. People still keeping high amounts of bitcoins in exchange is a thing that surprises me a bit, I guess people will never learn except the hard way.

Link when the owner was detained by the police: http://uk.reuters.com/article/us-greece-russia-arrest-bitcoin-idUKKBN1AB27W

I cannot reach the site today.

JL421

hero member

Activity: 812

Merit: 510

That's really bad as bitcoins is involved in this situation there is no chance ge get's his bitcoin back because of lack of proof available. I have seen many problems on their site just bought bitcoins once took 10 days for withdrawal to get approved maybe people can learn from their mistakes and avoid such exchanges

HabBear

hero member

Activity: 1106

Merit: 637

Quote from: xhomerx10 on August 06, 2017, 12:55:56 PM

Well, how are you going to do whale-like trading without keeping whale-sized numbers of coin on an exchange?!

This quote might be sarcasm, but with $3.5m in Bitcoin you don't need to do any trading...just let it sit there!

To say that it's frustrating to watch the US claim jurisdiction over this case is the understatement of the year. But what's not being discussed is why the countries who do have jurisdiction in this case (i.e., Russia, Greece, New Zealand, others?) are so willing to allow the US to assume jurisdiction. US agencies can't operate so openly without the permission of the local countries. Perhaps the only exception is the internet and only because the US can hack and control whatever site they want...and they don't need some country's permission to do so. The internet is still the wild west...it's like operating in the ocean...there are no borders.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: zycrypto on August 06, 2017, 12:51:35 PM

Jack Kingston, a cryptocurrency trader from Melbourne, Australia has claimed to have lost $430,000 woth of digital coins(bitcoins and dashcoins) in the just seized exchange BTC-E.

Continue Reading=> https://zycrypto.com/jack-kingston-lost-430000-btc-e/

This is the leason to all those moaning about being advised to keep their coins off exchanges during the fork. Roll Eyes

Kprawn

legendary

Activity: 1904

Merit: 1074

Keeping that amount of money on a shady exchange that has no regulations governing it's operations will result in losses like this.

We have warned people over and over again, against storing large amounts of money/btc on these exchanges and people still risk

doing this. When will they learn? Even the regulated exchanges are not risk free. Roll Eyes

IIOII

legendary

Activity: 1153

Merit: 1012

Didn't BTC-E claim that all crypto funds are safe and they will come back online shortly.

Anyway it's a crazy high amount to store on a BTC exchange. Hopefully the owner receives back his coins and learns his lesson.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: skyline247 on August 06, 2017, 12:54:03 PM

Quote from: zycrypto on August 06, 2017, 12:51:35 PM

Jack Kingston, a cryptocurrency trader from Melbourne, Australia has claimed to have lost $430,000 woth of digital coins(bitcoins and dashcoins) in the just seized exchange BTC-E.

Continue Reading=> https://zycrypto.com/jack-kingston-lost-430000-btc-e/

He is not the only one. Thousands of people lost lots of money. Everyone in the trollbox had to have at least $1,000 to chat. I heard a huge whale from Dubai lost millions. Apparently he had 3.5 million on the site... why would anyone keep such an amount there is beyond me. I just hope everyone gets their refunds in due time, but it seems unlikely at this point.

Well, how are you going to do whale-like trading without keeping whale-sized numbers of coin on an exchange?!

skyline247

hero member

Activity: 700

Merit: 500

Quote from: zycrypto on August 06, 2017, 12:51:35 PM

Jack Kingston, a cryptocurrency trader from Melbourne, Australia has claimed to have lost $430,000 woth of digital coins(bitcoins and dashcoins) in the just seized exchange BTC-E.

Continue Reading=> https://zycrypto.com/jack-kingston-lost-430000-btc-e/

He is not the only one. Thousands of people lost lots of money. Everyone in the trollbox had to have at least $1,000 to chat. I heard a huge whale from Dubai lost millions. Apparently he had 3.5 million on the site... why would anyone keep such an amount there is beyond me. I just hope everyone gets their refunds in due time, but it seems unlikely at this point.

zycrypto

member

Activity: 97

Merit: 10

ZyCrypto:Cryptocurrency Daily News /Coins Analysis

Jack Kingston, a cryptocurrency trader from Melbourne, Australia has claimed to have lost $430,000 woth of digital coins(bitcoins and dashcoins) in the just seized exchange BTC-E.

Continue Reading=> https://zycrypto.com/jack-kingston-lost-430000-btc-e/

Topic: Jack Kingston: i lost $430,000 On BTC-E - page 2. (Read 1398 times)