Author

Topic: The stocks.exchange (STEX) stole the money (Read 170 times)

newbie
Activity: 3
Merit: 0
September 24, 2018, 01:35:33 PM
#2
Well, I'm stuck aswell with 168k Linda coins, but I don't think my money isn't safe in SE: I'm trading there since December 2017 and according to my stats, I've earnt there something like 0,4 BTC  with a total trading volume of 4  BTC (more or less).

However, SE is now facing a bad experience with Linda: mandatory wallet update wasn't applied in due time. But this is just one side of the medal.
The other side is that right on september, the 7th, there was a massive Linda sellout: it lasted just few seconds all buying orders were fullfilled (even those @ 1 sato). A volume of 4-5 M Lindacoins was traded at that time and I was there with my order @ 14 satos for 168k Lindas. Looking that massive sellout, I've tried to place other orders to get the best profit, but nothing more happened: few mins later buyng orders were back to 14 satos.

So yes, we have bought Lindacoins and yes we've paid with fresh BTC. Somebody got an impressive profit and in any case, it was a LEGIT one, since those buying orders were there BEFORE the massive sellout.
Now we're stuck since weeks with our coins (at least those traders like me and you who decided to withdraw them to other exchanges): SE wants 3 BTC refund, Linda devs think that it is too much.

More: left aside our problem, at the moment on SE there are 1882707.43107344 to be sold. To which chain they belong? To the old or the new one?

 So, the problem here is to be considered globally, but to do so we need to know, or better, SE and Linda Devs need to know how many LIndacoins were deposited into SE wallets after the fork. Knowing that ammount, both parts should  come to an agreement, but it won't happen, according to these Murphy laws:

"If there is a possibility of several things going wrong, the one that will cause the most damage will be the FIRST to go wrong"
"If you perceive that there are four possible ways in which something can go wrong, and circumvent these, then a fifth way, unprepared for, will promptly develop
Corollary: It will be impossible to fix the fifth fault, without breaking the fix on one or more of the others"
"Left to themselves, things tend to go from bad to worse"
"Matter will be damaged in direct proportion to its value"
"Enough research will tend to support whatever theory."
"Every solution breeds new problems"
"Whether things can go wrong or not, it depends on your frame of reference."
"Regardless of your frame of reference, things will go wrong anyway."
"Any time you put an item in a "safe place", it will never be seen again."
"When you see light at the end of the tunnel, the tunnel will cave in."

"A knowledge of Murphy's Law is no help in any situation."


Aleppe
Sorry for my btc
newbie
Activity: 5
Merit: 0
September 24, 2018, 09:58:14 AM
#1
Hello!
I am forced to write this appeal because too much time has passed and the situation with the lindacoins on the StocksExchange(hereinafter Stocks) does not change. 7 september 2018 I and many other users of Stocks bought and withdrew lindacoins, but on the destination address they never came until now. On this day Linda wallet on Stocks was active and processed deposits and withdrawals.

At the moment, 17 days have passed and Stocks did not resolve this situation. Our money stuck somewhere. Linda wallet disabled. Stocks support answers is not always about the same nonsense like: "We work on the problem", "We have a LINDA network issues and we trying to reach linda devs, so we are waiting for a response", "We are waiting for the answer of LINDA team." Looks like they're just play for time.

According to the developers of the lindacoin: "Stocks had been informed 7 days prior to the preset block about the mandatory update to the wallet. They didn't perform this update and accepted deposits and make withdrawals on the old chain (that sideforked). Now they claim a 3BTC in damages from linda devs."
Opening an exchange comes with the responsibility to do mandatory updates once contacted by the dev team. All other exchanges were able to do so, so why not StocksExchange?(not my words quote from Twitter).

So we have a lot of users from Stocks whose money is stuck somewhere for a long time. We have StocksExchange on whose fault did this happen and who are slow to resolve this problem.
I appeal to all who use or intend to use StocksExchange. Be careful, your money is not safe there. This is your choice, but I would ask not to use Stocks until they return money to users and do not compensate for losses.

More information you can find in the linda discord.

So I ask all who have been in the same situation with lindacoins on Stocks to tell their story here.

Some links:
https://app.stocks.exchange/en
https://www.facebook.com/stocks.exchanger
https://twitter.com/StocksExchangeR
https://coinmarketcap.com/exchanges/stocks-exchange/
https://coinmarketcap.com/currencies/linda/

P.S. Sorry for my english.

UPD:

24 days have passed and there is still no money. I declare that the Stocks(Stex) the scam exchange!
New domain https://app.stex.com
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