What percentage of their coins stuck at Bitstamp will customers get back?

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Alright guys... latest updates concerning this:

Quote

We are working diligently to restore our services in the coming days. Thank you for your patience and support.

- https://twitter.com/Bitstamp/status/552667260351827968

Quote

Our redeployment is up internally and is being filled with backup data for testing. Relaunch ETA ~24-48h. Thank you for your patience!

- https://twitter.com/nejc_kodric/status/552615256452001792

Things are starting to look better, I think!

bitbaby

hero member

Activity: 812

Merit: 1000

I am hoping they should get 100%, I mean it's not their fault that company got robbed. And if Bitstamp wants to continue their business they will pay everyone all of their coins.

sandykho47

sr. member

Activity: 252

Merit: 251

Knowledge its everything

More than 90%, since almost 19,000 BTC has been lost
But, i think they might try the best to return traders bitcoin

So, i think there won't be case like MtGox

GreekBitcoin

legendary

Activity: 1428

Merit: 1001

getmonero.org

When Poloniex lost i think 11% of its BTC it took from every account 11% and repaid over time from the fees.

This way it was logical for the users to support the exchange if they wanted to get back their coins and so they didnt took everything out of it.

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: pedrog on January 05, 2015, 11:20:03 PM

Quote from: smoothie on January 05, 2015, 09:15:04 PM

How can it be 100% if the lossed at least 10% of their entire customer funds?

Let's be real unless they have excess coins of their own that they will use to bite the bullet, they are insolvent.

They said balances will be honored in full but not when...

Don't forget they received $10 million investment not so long ago.

I am wondering why they received 10 MIL. for...what? Improving their hacked platform? raising the salaries?

Nrcewker

copper member

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DGbet.fun - Crypto Sportsbook

I wish it were 100%, but it is the most impossible

pedrog

legendary

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Merit: 1031

Quote from: smoothie on January 05, 2015, 09:15:04 PM

How can it be 100% if the lossed at least 10% of their entire customer funds?

Let's be real unless they have excess coins of their own that they will use to bite the bullet, they are insolvent.

They said balances will be honored in full but not when...

Don't forget they received $10 million investment not so long ago.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

How can it be 100% if the lossed at least 10% of their entire customer funds?

Let's be real unless they have excess coins of their own that they will use to bite the bullet, they are insolvent.

flipstyle

sr. member

Activity: 406

Merit: 250

They seriously have enough pocket money to cover a $5 million loss? Wow, these guys really must be rolling in dough then.

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

They just released a new statement:

Quote

AN IMPORTANT MESSAGE TO OUR CUSTOMERS:

We have temporarily suspended Bitstamp services. Bitstamp customers can rest assured that their bitcoins held with us prior to temporary suspension of services on January 5th (at 9am UTC) are completely safe and will be honored in full.
On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC. Upon learning of the breach, we immediately notified all customers that they should no longer make deposits to previously issued bitcoin deposit addresses. To repeat, customers should NOT make any deposits to previously issued bitcoin deposit addresses. As an additional security measure, we suspended our systems while we fully investigate the incident and actively engage with law enforcement officials.
This breach represents a small fraction of Bitstamp’s total bitcoin reserves, the overwhelming majority of which are held in secure offline cold storage systems. We would like to reassure all Bitstamp customers that their balances held prior to our temporary suspension of services will not be affected and will be honored in full.
We appreciate customers’ patience during this disruption of services. We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days. Customers can stay informed via updates on our website, on Twitter (@Bitstamp) and through Bitstamp customer support at [email protected].
- Bitstamp Team

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: mayax on January 05, 2015, 02:05:56 PM

Quote from: Lauda on January 05, 2015, 01:56:07 PM

Their reserves are huge, I don't see this being an issue.
Luckily I've withdrawn my stuff on time.

how do you know they are huge?

Secrets aren't there to be told.

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: Lauda on January 05, 2015, 01:56:07 PM

Their reserves are huge, I don't see this being an issue.
Luckily I've withdrawn my stuff on time.

how do you know they are huge?

Guido

legendary

Activity: 1061

Merit: 1001

100% imo

they'll be auditing now + fixing issues

thankfully had none on there anyway

Lethn

legendary

Activity: 1540

Merit: 1000

I'm hoping they'll cover their losses because Bitstamp to me really didn't seem like another MT.GOX but you never know sadly, it's annoying, because I was actually hoping to use them to build an international savings account since they deal in dollars, if things don't work out I'll have to explore other options. If we're lucky, they'll actually turn out to be really honest and will refund the lost coins immediately, which would of course be brilliant because it would make Mark Karpeles look like an even bigger asshole than he already is Tongue

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Their reserves are huge, I don't see this being an issue.
Luckily I've withdrawn my stuff on time.

saddampbuh

legendary

Activity: 1078

Merit: 1014

100%, they'll cover the losses

mayax

legendary

Activity: 1470

Merit: 1004

ask your money back.

Bitstamp has most of the money in their bank account. All their BTC must be backed by real money so, ask your money back asap.

Their bank will freeze their account in the following days.

balladofjpeg

sr. member

Activity: 306

Merit: 277

Quote

or 0% and they can be rich

+1

chaoman

full member

Activity: 224

Merit: 100

or 0% and they can be rich

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

100% or they can close their doors.

uvt9

sr. member

Activity: 300

Merit: 250

I believe Bitstamp will cover all the loss by their own money. That's the only way if Bitstamp want to continue their business. If they let customers suffer for their own fault, nobody would trade on their platform anymore.

Hexcoin

hero member

Activity: 504

Merit: 500

i don't understand
why people's coin stuck at bitstamp
it there an technical problem with them or any hacker attack on bitstamp

Klestin

hero member

Activity: 493

Merit: 500

100%.

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

This is pure speculation. It's simple: What percentage of their coins stuck at Bitstamp will customers get back eventually? What do you think or estimate?

Topic: What percentage of their coins stuck at Bitstamp will customers get back? (Read 1347 times)