Bitcoin Forum

Economy => Service Discussion => Topic started by: m3 on November 23, 2014, 10:59:00 AM



Title: Cryptsy's orderbook bug causes significant btc losses
Post by: m3 on November 23, 2014, 10:59:00 AM
http://www.btcfeed.net/news/cryptsys-orderbook-bug-causes-significant-btc-losses/ (http://www.btcfeed.net/news/cryptsys-orderbook-bug-causes-significant-btc-losses/)

Pretty much there was this "phantom order" which enabled people to buy megacoins at a super cheap rate. The order was removed once prohashing pointed it out but cryptsy never repaid any of it's customers. Hope Mr. Vernon does the right thing.


Title: Re: Cryptsy's orderbook bug causes significant btc losses
Post by: Aswan on November 23, 2014, 12:23:43 PM
Well, if you want to buy or sell for a specific price cryptsy allows you to place a limit order.
If you want just sell your coins or buy coins to or from the guy want to buy/sell at the best rate, then you have to take what you get.

You cannot make a non-limit order and complain you didn't get the price you wanted. Not cryptsys fault imo.


Title: Re: Cryptsy's orderbook bug causes significant btc losses
Post by: Hiraga on November 23, 2014, 01:53:39 PM
Don't use autosell features and check your orders by yourself before submitting it. If you use limitorders then there's no way it would sell below or buy above that amount.


Title: Re: Cryptsy's orderbook bug causes significant btc losses
Post by: Jamie_Boulder on November 23, 2014, 02:15:46 PM
I'm surprised websites with heavy reliance upon scripting don't suffer these shortfalls more often tbh.


Title: Re: Cryptsy's orderbook bug causes significant btc losses
Post by: neurotypical on November 23, 2014, 04:37:16 PM
I've stopped using cryptsy for ages now. I almost had a heart attack when my coins dissapeared for almost 2 damn days.