Topic: Public message to BTER (Read 8318 times)

i also got withdrawals and deposits....i actually sorta trust bter now. i am not leave a lot of money on there but i think they are serious about paying people back.

Yes, I got mine without a hitch, everything seems to be like before the hack. Deposits are also working (if that happens to interest you as well)...

Their trading volume is a bit low. Looks like many investors have fled - unsurprisingly. Is everyone getting their withdrawals?

i was able to trade/withdraw and deposit yesterday so the site is basically functional. their repayment plan sounds reasonable too. obviously no one has any reason to trust them but it looks like they have at least taken steps to restore confidence. that would be a first i think for an exchange to come back from a fuckup of this magnitude. time will tell.

Some withdrawals seem to be enabled already, and I've been able even to make a few trades by now. In my opinion, many people will refrain from trading until they are able to safely and reliably withdraw their money, though (and this looks reasonable)...

Withdrawals will be enabled eventually I would think. : But why not leave your coins on the exchange. Many people will.

Withdrawals are disable atm, according to there twitter "The trading will be enabled soon."

says nxt is disabled when i tried to withdraw.

Check your Bter accounts. They just tweeted this: https://twitter.com/btercom/status/575368822305091584

I was able to see my balance for my altcoin but haven't yet been able to test the withdraw functionality.

Here we are discussing about the news of the bter.com situation : https://bitcointalksearch.org/topic/btercom-hacked-7170-btc-stolen-dont-keep-your-money-on-an-exchange-956738  It seems they will not enable the altcoin's withdrawal before the end of this week but it seems they want reopen their cryptocurrency exchange.


"Dear Sir,
If you have any Chinese bank account, please let me know which bank the account belongs to. I will help you to check if it is a supported bank by bter.

If you do not have any Chinese bank account, please do not worry.
You will be able to convert the CNY into other coins later

Please kindly follow our tweet for the update

Best Regards
BTER.COM"

https://bitcointalksearch.org/topic/m.10597491

Yeah, really sad...

No, there is a long court case and police investigation still ongoing. Nobody seems to know how much longer it will take, or even how many bitcoins Mt Gox still has. All the lawyers fees are coming out of Mt Gox's money too, so that will leave the customers with even less money, if they ever get anything back.

What kind of business? Laundry in prison?

Mark Karpeles got a new business 

Did anyone get anything back since then?

Imagine how mtgox victims felt..  not some alt trading platform like bter.. but pure fiat lifetime holdings

Same information   http://cointelegraph.com/news/113498/daily-digest-bter-hacked-bitcoin-core-updated

Unbelieve that someone can stole BTC or AltCoins , Its dont can be changed anonymously because when a transaction is done wallet adress is stored on blockchain and besides many agencies or peoples are monitoring thru block explorers to see transactions, so  thief  he  need move it to anothers many wallets but is imposible done its anonymously.For example someone of you guys to know adress or adresses where its coins was allocated? , it must be first thing announced, give missing adresses.........

Am I wrong?

Have they posted an update if they are going to be coming back or doing refunds for the altcoins ?

It may be the third, I'm not sure and too lazy to search.

If Bter pays back everything to everyone, this in no way is a guarantee that other exchanges won't be hacked (as a matter of fact, they will be) AND they will pay out anything at all...

I doubt that will happen. This is actually the second time.

Fact is we see that some people, likely BTER employees and affiliates, are spreading disinfo as in reaction phishing , checking to see blacklash of their actions, finding how the people react and if it is quiet enough for them to get away with the money, not necessarily for the money itself

This is a hard hit meant for altcoin community, possibly and most likely an inside job.

The only reasonable answer is found through the logic that we , as a community, are in desperate need of making a stand ASAP.


For my part, if need arises and this actually is an inside job( as it looks from the cold wallet theft??? ) we are waiting on the good will of theDevelopers and their understanding of the gravity of this affair such that they take the measure of the 20mb forks mentioned by the fellow two comments above.

In this case i will gladly forfeit 15% of each coin that i had stored on BTER, towards the respective developer, as payment for the community service.

Can't see how they should be allowed by altcoin devs, especially in the situation of NODE which does not trade elsewhere and Qora which is and has been locked on poloniex for a very long time.

XCH is also in development, as the other two are. 

A fork to move lost cash to a dev wallet whom thus would be able to give back to his backers their investments.

If this were some second rate market for these coins, i would understand this not happening.

As this was the main market and as such, massive amounts of each of these three coins were stored on BTER, i see no other humane way to fix this. Same goes for NXT and any other coins with the main market there.



Developers, let not the black hand behind this scheme have its way.

There are precedents.

Funny how all Big Bro has to do is turn off your power and/or interent connection and/or access to the blockchain (Say NO to the 20mb fork !).

If we, the growing minority are correct and cryptos really are a false flag/hope meant to trick us into becoming a cashless society, you already are dealing with the private banks.

For those who haven't noticed, the people behind these exchanges, shitcoins and scams, are using the same dirty tactics that the banksters used during the 17-1800s.

"Century of Enslavement: The History of The Federal Reserve"
EDIT : http://youtu.be/5IJeemTQ7Vk

100 NXT says it won't

Definitely sarcasm, in two weeks everybody will forget and will be back on BTER paying 2x higher fees..  

Prediction:  Everything will be dumped.  You will never see a functioning BTER.com again.

http://www.nytimes.com/2015/02/15/world/bank-hackers-steal-millions-via-malware.html?partner=socialflow&smid=tw-nytimes&_r=3

We should just use real banks!

Funny people think Bitcoin is hackable while infact centralization is the real danger.

True .....Hardly any altcoins can grow in the long term. The Crypto world is a wild-west, and hacks are just one part of the risk. Any left on exchanges should be expendable.

Nobody is hiding what are you talking about

Shill alert ! CODE RED !

Yes ! We shouldn't be trusting them but lets give them more of our coins anyways !

BTER you may have to go with the lesser evil option here.  There should be enough NXT in your system compensate all the BTC losses.  NXTers won't do anything about it but the BTC people might sue you or lay charges.

 

"Plausible" but if someone want to exchange his altcoin for bitcoin and viceversa ?  The real purpose of an exchange is : send your coin >> exchange it >> withdraw to your personal  desktop/online wallet (all this in 20-30 min, if you are so unlucky to not deposit your coin "while" the attack is being).

More simple , without any type of problem. Remember an exchange is not a bank.

Using metaexchange there is only a momentary (literally seconds) risk while the transfer is made.  As soon as the bitBTC are in your BitShares decentralised exchange wallet, they are much much more secure than a centralised exchange.  Not as secure as cold storage, but a huge increase in security vs centralised exchanges while maintaining the ability to trade.

Not a question of safe or technology.  A lot of you speculators and such go to the exchanges with the most volume.  The catch 22 here is that the exchanges themselves, through buying coins themselves or engaging in fractional reserves, are creating fake volume to attract customers.  No such thing as a free lunch in this world and now people are paying for it.

The whole offering a bounty to catch a hacker is very similar to that NXT episode.  Of course, being the internet, who would go on the internet and tell a lie?  Like a predictable soap opera on the television, BTER will get back the majority of the coins and hike up the fees on customers to pay the rest back but the hacker isn't brought to justice.  Strong allegation here but who's to say the hacker isn't BTER themselves looking for a Chinese New Years' bonus?

Well, its still storing it with a 3rd party and can thins can turn ugly at anytime.

Nothing is safter than a cold wallet or hardware wallet.  As for a personal wallet, that depends on the type of personal wallet, a light wallet is probably less secure but others may be just as secure or more secure with multisig.  

But it's mainly about exchanges for trading.  You can't trade BTC against USD or anything at all from the relative safety of a personal bitcoin wallet (yet), but you trade against the USD with bitBTC, because the exchange is in the wallet.  bitBTC can be traded against bitUSD, bitGOLD, bitSILVER, etc.  So for people who want to get exposure to the BTC/USD market, the bitBTC/bitUSD market is the most secure way to trade.

Do you agree that it is more safe a personal wallet with multiSig (+ hardware wallet)? Or not ?

A safe place to store BTC is in bitBTC, which earns interest, by using https://metaexchange.info as an instant bridge.   Keeping it on the bitshares decentralised exchange as bitBTC is the future, then people can trade it against bitUSD without hacking risk while getting exposure to the same market.

I hope these thieves are caught and the money returned.  This sucks.

I agree its really bad idea to keep coins in exchanges because in one year its fourth exchange which run with big amount and crying for hack shame on them

...inside job?
Did they hire Mark K as a consultant? 

i blame bitbay, lol

That picture is completely creeping me out. Sad about BTER but everyone runs this risk if you leave your coins on the exchanges.

wut, u buy dirt and expect to get gold

https://bitcointalksearch.org/topic/ann-vash-vpncoin-aes-chat-bitchain-domainwebsite-zero-knowledge-789961

Some altcoins will succeed long-term, but leaving such large amounts on an exchange is a bad idea.

And people talk shit about Cryptsy and get upvoted on reddit.

I feel terrible for those who lost bitcoins, but if they return the alts it would be a good thing. I lost a few dollars worth of bitcoins there that I only deposited a few days ago. They were immediately moved to the cold wallet ater I sent them so I doubt I will ever get them back.

I lost

.01 LTC
.003 Doge
13 Yac

And a few delisted coins

I think I may hang myself.

Obvious inside job! 7K really!

Exit strategy before chinese gov jumps in, he see's the writing on the wall and got his bitbay payday as well.

That is the aim. I expect BTER will implement their statement, and many traders will support them in this respect. 

I have supported many exchanges that were hacked, and recovered in some form. It is to the great credit of BTER to return coin balances as soon as practicable: Small holders tend to panic easily, but wealthy members of the Crypto community have a lot of support to give to reputable exchange owners.

Come on, this guy, the owner of BTER, he plotted and carried out, with the help of his Chinese associate, Bobsurplus and David Zimbeck, the admitted and recognized SCAM of BitBay. What else does anyone need!!!! Amazing, simply amazing...

of course its a inside job. cold wallet hacked
just another gox, tradehill, mintpal, cryptorush, bitmarket, zipzap.............................

---

The Bitcoin suffers from the idiots that can't secure their exchanges.

But on the other hand, it looks like an inside job.

They take the BTC, let all other users to withdraw the alts(as good deed), close the exchange and go celebrate.

If it will be arranged that the hacker will be able to safely spend the bounty (say they transfer it to an obscure address and keep it secret until the money is gone), I guess he is going to opt for it...

Bigger question is how these exchanges are always at the mercy of hackers . If they can't keep their websites secure then no need to put money of users at risk , just shut off the exchange and return the money.

Do you think the hacker will keep their bounty instead to keep the +7k bitcoin? There will not be the threat of the fork ( as in the 50 mln of nxt robbed).

Hackers will keep on hacking but exchanges won't learn ever and it's shame that how these exchanges take users for granted. Now BTER will start another round of negotiations with hackers and beg for BTC.

My holding there are in MSC and PPC mostly and there haven't been touched.

Hard time for fools who leave large sums on shonky exchange

But the news is scaring people away which is important for growth.
The hack is in a way bad for bitcoin.

A DEX (where you control the private keys) next month on OMNI.

The only exchange its safe to leave coins on is BitShares.

I am sure a lot of people would now be disappointed and probably not try out these exchanges any more.

Let the hunt begin!

I just moved my bitcoins to buy some doges at lows yesterday and earlier today, just couldn't withdraw doges today (was at zero BTC balance)...

Hope doges are intact

That too in thousands of USD, never leave your coins on any exchange. Trade and withdraw.

you shouldn't leave any coin on any exchange...
when'll people learn that?

  UPDATE (https://bitcointalksearch.org/topic/btercom-hacked-7170-btc-stolen-dont-keep-your-money-on-an-exchange-956738) :

No, I don't think they have scammed. Most probable they are fixing something on their site (level "side").

OP traded real btc for those shitcoins and expects to make millions I LOL'd

It seems that they have scammed on us (I presumably lost over 3.5 BTC there)...

It's just regular BTER shuffling. 7k divided into 1k chunks and sent to 7 wallets.

https://blockchain.info/address/1M2bv6sypZSp6uAEC9U4Gzvgp6jd29F87e

BTER cold wallet has been emptied? 

https://bitsharestalk.org/index.php?topic=14291.0

Poloniex is suspending trades of BTS, although as I understand this is something they've done a lot when other exchanges were acting funny.


http://www.nytimes.com/2015/02/15/world/bank-hackers-steal-millions-via-malware.html?_r=2

Makes us wonder if this has anything to do with it.  Malware on the Crypto Exchanges (scare?).  Or maybe allegations that these thieves could be buying crypto?   

thanks for the info.
I hope this will get sorted out and at least altcoins will become available again

http://www.nytimes.com/2015/02/15/world/bank-hackers-steal-millions-via-malware.html

Could be worse....

shocking to see that, i have 500k bitbay and 1.37 btc,
let us see what happen next.

If BTER Bitcoin wallet was hacked as it may show here :

http://www.walletexplorer.com/wallet/Bter.com-cold


Then altcoins should all be perfectly fine and the "community" gets to help out the victims via donations to a fund, easier done than said if we put ourselves in their spot.

Hard times for BTER indeed.  

Affected by what exactly?
What is the difference between bitcoins and altcoins in that regard?

I have had bad experience with other exchanges and even though i held BTER.com in high regard i do not respond well to unannounced service stoppages involving most of my future investments. I hope it proves a false alarm and i get to transform my posts into sincere official appologies.

You don't even know if they were hacked. Chill out.

Never keep your "coins" in an exchange, this is the first rule. However we should wait news from them, I don't think they has been hacked.

Altcoins SHOULD not be affected.

I offer 0.11 BTC for BTER BTC hack victims. If BTER agrees to make such a fund.

from twitter:

Richie ‏@richiela

PSA: $BTC wallet going offline for update starting 01:00 on February 15th. Prepping now - hoping for short downtime @BittrexExchange

4:14pm 2/14

What base does your statement have ?

It's all gone.

Everything.

Dear BTER, this e-mail will be made a public post on Bitcointalk.org



I write out of the need of transmitting the deepest concerns towards the state of your service. We have invested many BTC through my account on BTER.COM and while i type this e-mail, we are seeing  :



We have to suspend all our services waiting for the security check. More information will be released as soon as possible. Sorry for the interruption.
我们将暂停服务，进行系统安全检查，给您造成不便请谅解...


"






We are concerned by the sudden stoppage of service and especially concerned about the safety of the coins owned by us on that are stored in the account hosted by your exchange, more specifically the following coins with their afferent numbered amounts, very close approximation

7690000 NODE    7.69 mil
610000 XCR  610K
118000000 QORA 118mil
900000 XCH  900k

40000 XTC 40k



These are large SUMS of percentages owned for the first 4 coins mentioned, the following percentages of total coins created, being:

0.76% node, 0.61% XCR, 1.18% QORA and 0.9% XCH



We have invested tens of thousands of dollars in BTC in these amounts of coins
and consider our investments a life-engaging affair, worthy of time consuming pursuit.

More specifically the fact that they are 2.0 currencies may prove very profitable in the futere, thus we are expecting long term profits in the order of millions, provable by common comparison with other similar enterprises, and thus these are the sums of the goal that we would pursuit legally concerning the affair. This letter hereby declares this.

Normally we should receive ASAP a truthful report on the state of our belongings.

We must pursue the means of reclaiming our belongings throught any available procedure.


To put it simple :
The ideal situation if a hard breach has happened would be that BTER Exchange representatives cooperate with the developers of the aformentioned coins and any others coins that may have been lost, in such a way that ALL the victimized parties reclaim what is rightfully PROPERTY.


VAT will be paid in national currency for all BTC transactions, if needed, so that our group may comply with rulings of international entities that may be enforcing arbitrary economic law, thus so that it may pursue our case thoughout any possible legal means and instutions, local or international.

 If need be our group will support other victimized members of the community with the right guidance towards the solidification through unity of a community claim, thus that within the Cryptocurrency world such an injustice may not endure.


It is certain that BTER.COM posseses logs that can prove the owner of 0.00000001 of any coin on their exchange, so that any of the developers may work out a fix, for each of the coins.

I am also sure that the good willed developers will agree and that the good willed community will donate enough of respective coin which requires fix, so that each of the developers remain happy and content.



Thank you for your time,


Roland Ionescu, Romania