Topic: Tau-Chain and Agoras Official Thread: Generalized P2P Network - page 144. (Read 309742 times)

Dor, I have to agree with Mr.Coinzy.  If you keep the stolen tokens that were sold to you, it will leave a bad taste in peoples' mouths.  Do the right thing here.

Please write a detailed guide when new tokens are issued, I suppose we should replace our old tokens in Omni wallet and in Bittrex.

the only one fell into this scam is me, no other people involved. hopefully such things won't happen on agoras as it will be a much more secured market, and of course does not have any central entity.


there is a long term communication and promises between poloniex and omni to list all omni tokens.

As an early investor you should realize that it is not fair to all other investor that you will get new tokens 1:1 for all the stolen ones even if you have purchased them legally . You should only get for the stolen tokens the number of new tokens that match the market price before the stolen token hit the market.

Actually since we are talking about tokens that are going to be replaced, and not a stolen product with a market value all that need to be done is give the legal owner of the stolen coins (those who got it on bitrex)  only the numbers of new tokens which match the market price before the scam.

Imho all transactions with the stolen tokens should be voided.
Bittrex is definitely able to provide a detailed trade history.
It's like a thief stole bunch of limited collectors watches from a watch store, hastily selling them for cheap and the buyer says: "I can assure these new watches in my possession aren't going to leave my hands any time soon. So this is a nice gift for me, and you can rest assured that the collectors market will be unaffected."
The only problem is that the watches (Tokens) are still property of the watch store (Agoras devs).

I am also disappointed that they fell for such a scam. It highlights once more the weaknesses of the current organisational setup and business end of Agoras. The good thing is that the scam was early in the lifetime of Agoras, so it's impact can be unscrambled relatively easy. There's no telling what would have happened if such a thing took place later with actual trade volume and thousands of transactions outside the exchanges. One should keep in mind that scams and security breaches are the number one killer for crypto currency projects.

As part of my due diligence on Agoras, I wrote to Poloniex two weeks ago asking them if there had been any communication whatsoever taken place between Poloniex and the developers of Agoras or any other affiliated person.
This was actually the only red flag coming up and I didn't pay much attention to it, since all the other stuff I checked turned out to be true and made sense.

Wow, wtf happened here? 

When you know (and you know) that you purchased something that was stolen, and you even know who it was stolen from (he is your friend?), the ONLY honorable thing would be to return it. In this case, it would even be without you losing a thing, because you would get your money back in full.
Doesn't matter how you twist it, that is the ONLY way to show you are not just taking advantage of this whole criminal ordeal.

 

Hey all! I'm the lucky buyer of the vast majority of the 500k. I just caught it on my AGRS Bittrex tab and immediately sent a happy message to Ohad.

03/30/2016 23:47:00   03/14/2016 17:25:40   Limit Buy   0.00011581   14860.70417639   14860.70417639   0.00011580   -1.72532069
03/30/2016 23:46:59   03/17/2016 20:05:02   Limit Buy   0.00020140   14858.49056604   14858.49056604   0.00020139   -2.99998125

03/30/2016 11:46:37 PM   
SELL
0.00000212   406759.55205231   0.86233025 [this one is incomplete.]

I'm an early investor and a friend of Ohad's. I've been holding my coins for well over a year now, and I can assure you these new coins in my possession aren't going to leave my hands any time soon. So this is a nice gift for me, and you can rest assured that once Ohad solves this by issuing the new token, the market will be unaffected.

This is all un-provable, of course. I suppose I can take a video of me taking out the rest of the bid at 212 once trading resumes while a few witnesses are watching. Let me know if ya'll care for me to do that.

Cheers

It is a good thing you contacted Ohad and it is much appreciated.
Nevertheless, I do have to say that the most honorable and decent thing to do would be to return the stolen coins you purchased for a full refund of your money. That is what I would do anyway (but that's only me...).

this is nutty. sorry you got swindled, i remember the irc scammer last year got a lot of people. 500k tokens is a lot added to the existing supply thats tradeable. im guessing people who had walls under 10k will likely move out quickly once the new coin with these balances is released. great solution though and quick action.

im all for the balances staying form the 500k, assuming the scammer didnt self buy a few hundred k at 200 satoshi.

will be glad for suggestions for a new token name, so people will distinguish it from the old token as easily as possible

Is it posible to check the IP address of the buyers that got the tokens really cheap? how do we know it wasn't the same person? having 2 bittrex accounts is no rocket science. If he used a vpn I'm not sure if there is anything else to do.
I was watching the bids book and it was changing very quickly with bids below 400 satoshis... that's not normal

Edit: In this case, TAU's low volume helped... 500k is better than 20M

im now online with omni devs to distribute a new token asap and get things back as usual
the blocked address will be the one with the 20.5M, as the buyers on bittrex did nothing wrong

yes, 500K moved to bittrex (confirmed with bittrex)

i cant close buy order 

Now it makes sense... the scammer wiped bittrex bids book

Edit: which is 70.83151993 BTC

ok we can do the foillowing:
create a new token and send it automatically to all addresses, exactly same amount, except the scammer's address.

they did it. took then 1 sec. amazing. thanks bittrex!
now we know which tokens are fraudent.