Bitcoin Forum

Dear BTER, this e-mail will be made a public post on Bitcointalk.org



I write out of the need of transmitting the deepest concerns towards the state of your service. We have invested many BTC through my account on BTER.COM and while i type this e-mail, we are seeing  :



We have to suspend all our services waiting for the security check. More information will be released as soon as possible. Sorry for the interruption.
我们将暂停服务，进行系统安全检查，给您造成不便请谅解...


"






We are concerned by the sudden stoppage of service and especially concerned about the safety of the coins owned by us on that are stored in the account hosted by your exchange, more specifically the following coins with their afferent numbered amounts, very close approximation

7690000 NODE    7.69 mil
610000 XCR  610K
118000000 QORA 118mil
900000 XCH  900k

40000 XTC 40k



These are large SUMS of percentages owned for the first 4 coins mentioned, the following percentages of total coins created, being:

0.76% node, 0.61% XCR, 1.18% QORA and 0.9% XCH



We have invested tens of thousands of dollars in BTC in these amounts of coins
and consider our investments a life-engaging affair, worthy of time consuming pursuit.

More specifically the fact that they are 2.0 currencies may prove very profitable in the futere, thus we are expecting long term profits in the order of millions, provable by common comparison with other similar enterprises, and thus these are the sums of the goal that we would pursuit legally concerning the affair. This letter hereby declares this.

Normally we should receive ASAP a truthful report on the state of our belongings.

We must pursue the means of reclaiming our belongings throught any available procedure.


To put it simple :
The ideal situation if a hard breach has happened would be that BTER Exchange representatives cooperate with the developers of the aformentioned coins and any others coins that may have been lost, in such a way that ALL the victimized parties reclaim what is rightfully PROPERTY.


VAT will be paid in national currency for all BTC transactions, if needed, so that our group may comply with rulings of international entities that may be enforcing arbitrary economic law, thus so that it may pursue our case thoughout any possible legal means and instutions, local or international.

 If need be our group will support other victimized members of the community with the right guidance towards the solidification through unity of a community claim, thus that within the Cryptocurrency world such an injustice may not endure.


It is certain that BTER.COM posseses logs that can prove the owner of 0.00000001 of any coin on their exchange, so that any of the developers may work out a fix, for each of the coins.

I am also sure that the good willed developers will agree and that the good willed community will donate enough of respective coin which requires fix, so that each of the developers remain happy and content.



Thank you for your time,


Roland Ionescu, Romania

It's all gone.

Everything.

What base does your statement have ?

http://i.piccy.info/i9/43a5d77c8698248f21becbd08f59e9c9/1424002948/8276/871085/8iqEZdg0G7c_240.jpg (http://piccy.info/view3/7740595/ac3a1cc2b36f0e7c8f517888f18e6a8e/)http://i.piccy.info/a3/2015-02-15-12-22/i9-7740595/240x206-r/i.gif (http://i.piccy.info/a3c/2015-02-15-12-22/i9-7740595/240x206-r)

from twitter:

Richie ‏@richiela

PSA: $BTC wallet going offline for update starting 01:00 on February 15th. Prepping now - hoping for short downtime @BittrexExchange

4:14pm 2/14

Just out of personal curiosity Roland, were you unaware of the hundreds of posts on BTC Talk about the SCAM OF BITBAY that have been posted for months now, all of them clearly depicting the direct participation in the scam plan by BTER and its owner? It is all over Bitcoin Talk in the unmoderated thread of BitPay and in several others including many threads related to Bobsurplus, who was brought in by the BTER guy and his accomplices, including David Zimbeck, to engineer the scam.

It is simply amazing to me that, in spite of this hugely divulged affair, you would still hold ANY significant amount of money in BTER.

I hope you get to salvage some or all of it but, quite frankly, if I were you I wouldn't hold those expectations very high. Sorry.

Altcoins SHOULD not be affected.

I offer 0.11 BTC for BTER BTC hack victims. If BTER agrees to make such a fund.

Never keep your "coins" in an exchange, this is the first rule. However we should wait news from them, I don't think they has been hacked.

You don't even know if they were hacked. Chill out.

I do not only expect but i am certain i will receive  every last bit of it, and to prove my point :

participating in a sale of a real actual thing, even if it is revolving around promises, as was with bitbay is one thing,

but theft via moving of funds is easily proven through blockchain transaction checks.

I have had bad experience with other exchanges and even though i held BTER.com in high regard i do not respond well to unannounced service stoppages involving most of my future investments. I hope it proves a false alarm and i get to transform my posts into sincere official appologies.

Affected by what exactly?
What is the difference between bitcoins and altcoins in that regard?

Hard times for BTER indeed.  

If BTER Bitcoin wallet was hacked as it may show here :

http://www.walletexplorer.com/wallet/Bter.com-cold


Then altcoins should all be perfectly fine and the "community" gets to help out the victims via donations to a fund, easier done than said if we put ourselves in their spot.

shocking to see that, i have 500k bitbay and 1.37 btc,
let us see what happen next.

http://www.nytimes.com/2015/02/15/world/bank-hackers-steal-millions-via-malware.html

Could be worse....

thanks for the info.
I hope this will get sorted out and at least altcoins will become available again

https://bitsharestalk.org/index.php?topic=14291.0

Poloniex is suspending trades of BTS, although as I understand this is something they've done a lot when other exchanges were acting funny.


http://www.nytimes.com/2015/02/15/world/bank-hackers-steal-millions-via-malware.html?_r=2

Makes us wonder if this has anything to do with it.  Malware on the Crypto Exchanges (scare?).  Or maybe allegations that these thieves could be buying crypto?   ???

https://blockchain.info/address/1M2bv6sypZSp6uAEC9U4Gzvgp6jd29F87e

BTER cold wallet has been emptied?  ???

It's just regular BTER shuffling. 7k divided into 1k chunks and sent to 7 wallets.

It seems that they have scammed on us (I presumably lost over 3.5 BTC there)... 8)

OP traded real btc for those shitcoins and expects to make millions I LOL'd

No, I don't think they have scammed. Most probable they are fixing something on their site (level "side").

 :o UPDATE (https://bitcointalk.org/index.php?topic=956738.0) :

https://i.imgur.com/vlXpK9E.png

you shouldn't leave any coin on any exchange...
when'll people learn that?

That too in thousands of USD, never leave your coins on any exchange. Trade and withdraw.

I just moved my bitcoins to buy some doges at lows yesterday and earlier today, just couldn't withdraw doges today (was at zero BTC balance)... 8)

Hope doges are intact

Let the hunt begin! ;D

I am sure a lot of people would now be disappointed and probably not try out these exchanges any more.

The only exchange its safe to leave coins on is BitShares.

A DEX (where you control the private keys) next month on OMNI.

But the news is scaring people away which is important for growth.
The hack is in a way bad for bitcoin.

Hard time for fools who leave large sums on shonky exchange

My holding there are in MSC and PPC mostly and there haven't been touched.

Hackers will keep on hacking but exchanges won't learn ever and it's shame that how these exchanges take users for granted. Now BTER will start another round of negotiations with hackers and beg for BTC.

Do you think the hacker will keep their bounty instead to keep the +7k bitcoin? There will not be the threat of the fork ( as in the 50 mln of nxt robbed).

Bigger question is how these exchanges are always at the mercy of hackers . If they can't keep their websites secure then no need to put money of users at risk , just shut off the exchange and return the money.

If it will be arranged that the hacker will be able to safely spend the bounty (say they transfer it to an obscure address and keep it secret until the money is gone), I guess he is going to opt for it... 8)

The Bitcoin suffers from the idiots that can't secure their exchanges.

But on the other hand, it looks like an inside job.

They take the BTC, let all other users to withdraw the alts(as good deed), close the exchange and go celebrate.

of course its a inside job. cold wallet hacked https://i.imgur.com/EDdidJD.gif
just another gox, tradehill, mintpal, cryptorush, bitmarket, zipzap.............................

---

Come on, this guy, the owner of BTER, he plotted and carried out, with the help of his Chinese associate, Bobsurplus and David Zimbeck, the admitted and recognized SCAM of BitBay. What else does anyone need!!!! Amazing, simply amazing...

That is the aim. I expect BTER will implement their statement, and many traders will support them in this respect. 

I have supported many exchanges that were hacked, and recovered in some form. It is to the great credit of BTER to return coin balances as soon as practicable: Small holders tend to panic easily, but wealthy members of the Crypto community have a lot of support to give to reputable exchange owners.

I lost

.01 LTC
.003 Doge
13 Yac

And a few delisted coins

I think I may hang myself.

Obvious inside job! 7K really!

Exit strategy before chinese gov jumps in, he see's the writing on the wall and got his bitbay payday as well.

I feel terrible for those who lost bitcoins, but if they return the alts it would be a good thing. I lost a few dollars worth of bitcoins there that I only deposited a few days ago. They were immediately moved to the cold wallet ater I sent them so I doubt I will ever get them back.

And people talk shit about Cryptsy and get upvoted on reddit.

Forget it. The listed shitcoins will not yield the expected millions of profit, it just can't and not going to happen. In a year time all will be absolutely worthless.

Plus, we have revealed in this forum during the Bitbay scam how corrupt fraudster the Bter CEO is. Now, if you have not listened and not removed your coins from that fraud jamboree that called Bter then you can blame only yourself for the financial loss that Bter has caused.

Some altcoins will succeed long-term, but leaving such large amounts on an exchange is a bad idea.

https://bitcointalk.org/index.php?topic=789961.msg10471854#msg10471854

wut, u buy dirt and expect to get gold
https://i.imgur.com/CjFTqPo.gif

That picture is completely creeping me out. Sad about BTER but everyone runs this risk if you leave your coins on the exchanges.

i blame bitbay, lol

...inside job?
Did they hire Mark K as a consultant?  >:(

I agree its really bad idea to keep coins in exchanges because in one year its fourth exchange which run with big amount and crying for hack shame on them

A safe place to store BTC is in bitBTC, which earns interest, by using https://metaexchange.info as an instant bridge.   Keeping it on the bitshares decentralised exchange as bitBTC is the future, then people can trade it against bitUSD without hacking risk while getting exposure to the same market.

I hope these thieves are caught and the money returned.  This sucks.

Do you agree that it is more safe a personal wallet with multiSig (+ hardware wallet)? Or not ?

Nothing is safter than a cold wallet or hardware wallet.  As for a personal wallet, that depends on the type of personal wallet, a light wallet is probably less secure but others may be just as secure or more secure with multisig.  

But it's mainly about exchanges for trading.  You can't trade BTC against USD or anything at all from the relative safety of a personal bitcoin wallet (yet), but you trade against the USD with bitBTC, because the exchange is in the wallet.  bitBTC can be traded against bitUSD, bitGOLD, bitSILVER, etc.  So for people who want to get exposure to the BTC/USD market, the bitBTC/bitUSD market is the most secure way to trade.

Well, its still storing it with a 3rd party and can thins can turn ugly at anytime.

Not a question of safe or technology.  A lot of you speculators and such go to the exchanges with the most volume.  The catch 22 here is that the exchanges themselves, through buying coins themselves or engaging in fractional reserves, are creating fake volume to attract customers.  No such thing as a free lunch in this world and now people are paying for it.

The whole offering a bounty to catch a hacker is very similar to that NXT episode.  Of course, being the internet, who would go on the internet and tell a lie?  Like a predictable soap opera on the television, BTER will get back the majority of the coins and hike up the fees on customers to pay the rest back but the hacker isn't brought to justice.  Strong allegation here but who's to say the hacker isn't BTER themselves looking for a Chinese New Years' bonus?

Using metaexchange there is only a momentary (literally seconds) risk while the transfer is made.  As soon as the bitBTC are in your BitShares decentralised exchange wallet, they are much much more secure than a centralised exchange.  Not as secure as cold storage, but a huge increase in security vs centralised exchanges while maintaining the ability to trade.

"Plausible" but if someone want to exchange his altcoin for bitcoin and viceversa ?  The real purpose of an exchange is : send your coin >> exchange it >> withdraw to your personal  desktop/online wallet (all this in 20-30 min, if you are so unlucky to not deposit your coin "while" the attack is being).

More simple , without any type of problem. Remember an exchange is not a bank.

BTER you may have to go with the lesser evil option here.  There should be enough NXT in your system compensate all the BTC losses.  NXTers won't do anything about it but the BTC people might sue you or lay charges.

 

Shill alert ! CODE RED ! :o

Yes ! We shouldn't be trusting them but lets give them more of our coins anyways !

Nobody is hiding what are you talking about

True .....Hardly any altcoins can grow in the long term. The Crypto world is a wild-west, and hacks are just one part of the risk. Any left on exchanges should be expendable.

http://www.nytimes.com/2015/02/15/world/bank-hackers-steal-millions-via-malware.html?partner=socialflow&smid=tw-nytimes&_r=3

We should just use real banks! :D

Funny people think Bitcoin is hackable while infact centralization is the real danger.

Prediction:  Everything will be dumped.  You will never see a functioning BTER.com again.

http://cdn3.vox-cdn.com/imported_assets/2278870/that_s_all_folks_PNG.png

Definitely sarcasm, in two weeks everybody will forget and will be back on BTER paying 2x higher fees..   :-\

100 NXT says it won't

Funny how all Big Bro has to do is turn off your power and/or interent connection and/or access to the blockchain (Say NO to the 20mb fork !).

If we, the growing minority are correct and cryptos really are a false flag/hope meant to trick us into becoming a cashless society, you already are dealing with the private banks.

For those who haven't noticed, the people behind these exchanges, shitcoins and scams, are using the same dirty tactics that the banksters used during the 17-1800s.

"Century of Enslavement: The History of The Federal Reserve"
EDIT : http://youtu.be/5IJeemTQ7Vk

Can't see how they should be allowed by altcoin devs, especially in the situation of NODE which does not trade elsewhere and Qora which is and has been locked on poloniex for a very long time.

XCH is also in development, as the other two are. 

A fork to move lost cash to a dev wallet whom thus would be able to give back to his backers their investments.

If this were some second rate market for these coins, i would understand this not happening.

As this was the main market and as such, massive amounts of each of these three coins were stored on BTER, i see no other humane way to fix this. Same goes for NXT and any other coins with the main market there.



Developers, let not the black hand behind this scheme have its way.

There are precedents.

Fact is we see that some people, likely BTER employees and affiliates, are spreading disinfo as in reaction phishing , checking to see blacklash of their actions, finding how the people react and if it is quiet enough for them to get away with the money, not necessarily for the money itself

This is a hard hit meant for altcoin community, possibly and most likely an inside job.

The only reasonable answer is found through the logic that we , as a community, are in desperate need of making a stand ASAP.


For my part, if need arises and this actually is an inside job( as it looks from the cold wallet theft??? ) we are waiting on the good will of theDevelopers and their understanding of the gravity of this affair such that they take the measure of the 20mb forks mentioned by the fellow two comments above.

In this case i will gladly forfeit 15% of each coin that i had stored on BTER, towards the respective developer, as payment for the community service.

I doubt that will happen. This is actually the second time.

If Bter pays back everything to everyone, this in no way is a guarantee that other exchanges won't be hacked (as a matter of fact, they will be) AND they will pay out anything at all... 8)

It may be the third, I'm not sure and too lazy to search. :)

Have they posted an update if they are going to be coming back or doing refunds for the altcoins ?

Same information   http://cointelegraph.com/news/113498/daily-digest-bter-hacked-bitcoin-core-updated

Unbelieve that someone can stole BTC or AltCoins , Its dont can be changed anonymously because when a transaction is done wallet adress is stored on blockchain and besides many agencies or peoples are monitoring thru block explorers to see transactions, so  thief  he  need move it to anothers many wallets but is imposible done its anonymously.For example someone of you guys to know adress or adresses where its coins was allocated? , it must be first thing announced, give missing adresses.........

Am I wrong?

Imagine how mtgox victims felt..  not some alt trading platform like bter.. but pure fiat lifetime holdings

Did anyone get anything back since then? 8)

Mark Karpeles got a new business  ::)

What kind of business? Laundry in prison?

No, there is a long court case and police investigation still ongoing. Nobody seems to know how much longer it will take, or even how many bitcoins Mt Gox still has. All the lawyers fees are coming out of Mt Gox's money too, so that will leave the customers with even less money, if they ever get anything back.

Yeah, really sad... ::)

Here we are discussing about the news of the bter.com situation : https://bitcointalk.org/index.php?topic=956738.0  It seems they will not enable the altcoin's withdrawal before the end of this week but it seems they want reopen their cryptocurrency exchange.


"Dear Sir,
If you have any Chinese bank account, please let me know which bank the account belongs to. I will help you to check if it is a supported bank by bter.

If you do not have any Chinese bank account, please do not worry.
You will be able to convert the CNY into other coins later

Please kindly follow our tweet for the update

Best Regards
BTER.COM"

https://bitcointalk.org/index.php?topic=956738.msg10597491#msg10597491

Check your Bter accounts. They just tweeted this: https://twitter.com/btercom/status/575368822305091584

I was able to see my balance for my altcoin but haven't yet been able to test the withdraw functionality.

says nxt is disabled when i tried to withdraw.

Withdrawals are disable atm, according to there twitter "The trading will be enabled soon."

Withdrawals will be enabled eventually I would think. : But why not leave your coins on the exchange. Many people will.

Some withdrawals seem to be enabled already, and I've been able even to make a few trades by now. In my opinion, many people will refrain from trading until they are able to safely and reliably withdraw their money, though (and this looks reasonable)...

i was able to trade/withdraw and deposit yesterday so the site is basically functional. their repayment plan sounds reasonable too. obviously no one has any reason to trust them but it looks like they have at least taken steps to restore confidence. that would be a first i think for an exchange to come back from a fuckup of this magnitude. time will tell.

Their trading volume is a bit low. Looks like many investors have fled - unsurprisingly. Is everyone getting their withdrawals?

Yes, I got mine without a hitch, everything seems to be like before the hack. Deposits are also working (if that happens to interest you as well)...

i also got withdrawals and deposits....i actually sorta trust bter now. i am not leave a lot of money on there but i think they are serious about paying people back.