Bitcoin Forum

Is it hacked?

You mean the shady trading site that looks like it was put together in 10 minutes?

Either hacked, broke, or a total scam. Take your pick. End result is the same if it disappears.

Yes that one. :)
It is offline and coins are being moved to other address.. lol.

Honestly, I'll never understand why people are so willing to part with their BTC.

I must say they were some greedy bastards , they could have waited a few days more and catch more coins :)

make up your own mind, the owner is not shy about telling people the site was his pride and joy https://www.facebook.com/smagik not sure what to make of todays downtime

Yea some people should give the guy a break. I get the impression the owner of the site is fairly young & is just having a go at something. Not sure why every time someone tries to release a new service for crypto that they got shot down in flames & called a scammer every single time a site experiences some downtime. There's some real fucking hairy trolls on this forum.

You defending him does more harm than good.

I know its not like it is a vet exchange like cryptsy who has many many problems still. The huge influx of people running away and trying to find another place to trade is much greater than we probably really think.

No we are just being cautiously optimistic. We need to encourage more exchanges IMO, becuase when there is little comp... we all know what that leads to. You think problems at other sites would have a higher priority to get fixed if they knew they could lose tons of money? Right now its just a shrug from them because they know you have no other options right now and if you want to trade you need to deal with the BS.

People are willing to give new websites the benefit of the doubt, but it's when the owner goes quiet and post about what's going on that people become rightly suspicious. Even if he's busy fixing it trying to get it back up a running, a quick post saying he's working on it would be encouraging. Not a wall of silence.

And you wouldn't know shit.

Agreed, however from the outset the guy wasn't the best communicator. Hell, he could be a scammer for all we know but I think we need to cut him slack and give him a bit of time to get the site back up. If any of you sent large amounts of coin to the exchange and it turns out it was a scam then I don't feel sorry for any of you. No-one should be risking large amounts of coin on an exchange thats been live for 5 minutes.

Agreed on both points. Perhaps people shouldn't be so quick to cry scam, but at the same time you're taking a gamble in putting your coins an a new and untested exchange.  If the guy's willing to post about it on facebook, then it seems the likelihood is either he's having technical problems with the site, or it got hacked. The latter would not surprise me. A novice with a basic understand of SQL injection can do great harm if a site isn't properly secure, and that's something you just can't see without knowing the server code.

The site being a scam doesn't sound very logical to me.  Seems like he would have kept the site up more than .... 2 days before pulling the plug if it was.  Seems more logical the site just doesn't work again, or it got broken into.

it certainly was hacked. the get parameters in the ajax requests were not sanitized. the database was wide open. coins are probably learning chinese now while the website owner pulled the plug and hopes nobody will ever find him and make him responsible for the mess he created. i believe the owner had best intentions but didn't know what he was doing. maybe a 12 years old who read some tutorials and thought: i can do this too.

it's a different story and not this guy's fault that people were really depositing their coins on such an obvious fail site.