Topic: YBC coin confiscated by Cryptsy - page 2. (Read 5533 times)

any news?

I have contacted Cryptsy again and they are working on the wallet. They had to make some custom modifications to the wallet code to make it work with their site. I will let you know when it is fixed. Please be aware of the deadline for exchanging coins that Cryptsy must meet: 2/24/15. Cryptsy is aware of this deadline and I believe intends to meet it. Please contact me if you have any questions or concerns.

It is 2/13/2015 and my YBC coins are still being held hostage.
I should be compensated for my total balance of coins in BTC and my loss of trading ability and profits'for the last two months.

Yes, there has been progress this last week. The problem started when Cryptsy failed to make a timely update when we changed over to the new YBCoin. I joined the team about a week ago and in that time I have been communicating with Cryptsy to solve this problem. They have the updated source code, they are are working with our development team to get the wallet updated.

I will update our ANN thread when I receive more information. You can post further inquiries to this thread as well if you wish.
https://bitcointalksearch.org/topic/ann-ybcoin-ybc-top-chinese-coin-100-pos-3m-coins-top-market-cap-945161

My YBC wallet at Cryptsy is still locked!

Hello Devin,
Has there been any progress with the YBC wallet.
That "they have not yet given us an ETA" sounds like the same crap I've been getting for the last month.
They should either get a wallet to sync that allows users to withdraw their coins or compensate YBC holders
with an equivalent amount of BTC.
This "no ETA" crap sounds like Mt.Goix, Bitstamp syndrome to me!

I'm tired of waiting and I refuse to accept 30 cents on the dollar less than the market average price of YBC in trade on Cryptsy!
Where are my YBC coins? Has Cryptsy spent them?

We are working with Cryptsy to fix the wallet at the moment. They have not yet given us an ETA, but the source code was provided by us and is legitimate. When we have more information we will let the community know.

Devin - English YBC Representative

"taiyilabs" is also mentioned in the "development log" on the official website as a site where you can download the wallet:
https://translate.google.com/translate?hl=nl&sl=zh-CN&tl=en&u=http%3A%2F%2Fwww.ybcoin.com%2F%E6%97%A5%E5%BF%97%E9%A1%B5%E9%9D%A2

But the Github account+repo only being one day old is strange

I'm not sure, the Github is only one day old and references http://taiyilabs.com/

by the way:
you should reconsider your choice of words....

Its time Cryptsy pruned their list of coins. Its clear they can't handle all of them, yet keep them so to get whatever fees that they can get.

this is all getting worse I guess:
Cryptsy's YBC/BTC-market is not listed on coinmarketcap anymore.

Yes Migga,
the end result is definitely to take your BTc and run far away from Cryptsy.
Now the only problem with the selling of your YBC is that it will not be a 15% loss,
Here is an example:

Allcoin YBC/BTC exchange rate:  Buy orders for YBC

Buy Orders
Price   Amount(YBC)   Total(BTC)
0.00437399   29.81   0.13038864
0.00435753   14.720527   0.06414514
0.00435704   40.9386   0.17837112
0.00434958   7.46   0.03244787
0.00432575   5.18883   0.02244558
0.00430262   48.77258   0.20984988
0.00423034   3.49600741   0.01478930
0.00422963   14.3   0.06048371
0.00422493   37.57041   0.15873235
0.00417540   49.928025   0.20846948
0.00410789   1.893   0.00777624
0.00406332   2   0.00812664
0.00380238   3.68   0.01399276
0.00380001   6.31577285   0.02400000
0.00353091   13.04500823   0.04606075
0.00348992   3.84096197   0.01340465
0.00348990   248.54763115   0.86740638
0.00343033   4000   13.72132000
0.00330000   2.0524852   0.00677320
0.00294638   3.33485497   0.00982575
0.00140001   1   0.00140001
0.00140000   30.30121   0.04242169
0.00102001   2   0.00204002
0.00102000   1   0.00102000
0.00000002   5000   0.00010000
0.00000001   101000   0.00101000

Cryptsy YBC/BTC exchange rate:  Buy orders for YBC

 Buy Orders
Price (BTC)   YBC   Total (BTC)
0.00135678   3.67598284   0.00498750
0.00135677   7.35122386   0.00997392
0.00135675   20.63717074   0.02799948
0.00135662   6.60400000   0.00895912
0.00134377   10.94343479   0.01470546
0.00111005   8.10400000   0.00899585
0.00111000   10.00000000   0.01110000
0.00110900   133.40727556   0.14794867
0.00110000   50.00000000   0.05500000
0.00108000   15.00000000   0.01620000
0.00100066   16.00000000   0.01601056

Take a look at the ridiculously wide gap between the buy price on Cryptsy and the market average.
You'll be losing way more than 15%.

I say every Cryptsy client whose YBC wallet has been effectively frozen should be compensated with
equivalent BTC or their wallets should be released.

are we looking for this here???: https://github.com/ybc2/ybc2
I don't know anything about sourcecodes, sorry. don't know what to look for.

This Mullick person you mentioned is their main developer, I'm actually surprised you had a reply from him

You should see if you can find a link for them of the source code (Github) that you can give to Cryptsy. They would be holding withdrawals because the developers have not notified them of the update and provided the source code. A downloadable wallet would not suffice since they would build the daemon themselves and often do not have the time to sort though to find the latest code unless it's easily accessible for them.

My recommendation is to either ask the developers to get in contact with Cryptsy, find the repository yourself that you can provide a link for them, or sell (last resort).

Can you post a link to the YBC coin version 1.2 wallet? I could not find it the last time I tried and the YBC thread was in Chinese with no recent posts.

I've got some ybc as well and that wallet maintenance has been like that for at least 7 or 8 weeks (probably even longer).
my understanding of seized coins or frozen wallets is that one's balance/coins are not even available for trading.
but, in this case, they are.

anyway,
can't really help you. just wanted to know what you meant by 'seized'.

don't know if I am going to sell my YBC today (with a loss of approx. 15%) or if I am going to wait for a miracle.
I've been patient for so long :-/
I asked support three times about the latest proceedings regarding the wallet maintenance and didn't get a satisfactory answer at all.
might just sell them and get my BTC out of cryptsy and forget about ybc (and cryptsy)

Hi Migga,
No the balance is frozen in Cryptsy's standard coin wallet used to hold coins for the purpose of trading
just as all other coin wallets on the site.

It's not just my wallet as far as I know, it is the entire site effecting every user.
The wallet is frozen under the pretense of "maintenance" and has been for the last three weeks.
Take a gander at the entire post and it should explain, if not let me know if you have any more questions.

Hey Crestington,

I cannot deposit or withdraw to or from the YBC wallet.
I can however trade YBC/BTC but as I said in my post the rate of exchange from YBC to BTC
at Cryptsy is 68% below the market average on other exchanges.

In other words, if I sell 100 YBC coin thru my seized wallet at Cryptsy as a panic, last resort
desperate act, I would only receive $32 in BTC, while on all other exchanges I would receive
$100 for the same amount.

This in essence forces me to lose most of my money if I were to just give up and sell.
Now remember this is not an industry wide drop in price, this is only happening at Cryptsy
where the YBC coin wallets have been frozen.

did you keep your YBC in a lockbox?

In what way was your balance seized? are you able to buy/sell on the exchange? or cannot deposit withdraw out of the exchange?