You think if btc-e was to steal money, they would steal just your $1000? $1000 for them is a fraction of a peanut.

If they were to steal, they would pull a gox on all of us.

I suggest you get in contact with them AND your CC company to follow exactly where the money went.

I am not saying they would never run with the money, but they would certainly not run with just your $1000.


edit: I withdrew 3 times to paypal and twice to VISA larger amounts than yours, and had no issues so far. I agree that their communication seems to be very slow but 6 weeks is far off. Did you open a ticket? Open another ticket if so and try again.

There is a thread of some guy claiming to be shipping on the 4/21 as reseller

https://bitcointalk.org/index.php?topic=568910.msg6228410#msg6228410

his name is Stevenrm87 and he has been frequenting the trollbox chat on btc-e advertising his site as delivering trezor devices on the 4/21.

could the devs please confirm if there are any resellers out there which could possibly meet this date, especially the one mentioned in the thread linked above?

I am leaning hard towards this being a scam attempt... but asking here just for the off-chance it might be legit.

wouldn't then at least the "forgot password" option work as in sending me an email?

This is why i assume they closed it... unless the forgot password recovery option is not working on their site.

I doubt anyone hacked my account because he would have to get access to my gmail which the history details do not show.

If i had a trojan on my PC, i am sure he would have gone for my btc-e account rather than the bitstamp one..

edit: But maybe you are right and i am jumping too fast on conclusions. I sent a mail to support waiting for a response to solve this mystery

Anyone else experienced this?

I tried to log onto my verified Bitstamp account today, just to find out that my password is not working.

There was no mail sent to me indicating this.

I tried the "forgot password" option, entering my email, yet i get no mail sent to me either.

luckily i withdrew my funds some time ago, so there wasn't really anything on it.



Some time ago, someone used my email, he probably got from some other site i used it on, to reset my password. He however did not get hold of my email account as there was no mention of it in the google mail history of any other IP logging in.

I changed my password back to my old pass back then and logged in to just check. It worked.

I will have to close this topic since i am moving out of crypto for good.

I think coinex was the last droplet for me. I find it hard to swallow that so many talented developers that have so many other means to get a job and make some money, could be so greedy.
How could ALL ASIC manufacturers end up being so greedy, to the point where they rather kill BTC than reduce some of their profits.

I also find it disturbing that so many experts in the community have decided to go silent or say very little, rather than help unwind what is going on with MtGox.


I think enough time has passed for the reward. IF it did not happen until now, i do not see it happening in the future either.



good luck to everyone who has faith in this still

there is hope still i think,

because i doubt that if he really is the one posted on this page

http://ilikekillnerds.com/2014/03/looks-like-coinex-pw-might-have-been-hacked/

...he is really going to want to run with the bags


there is also his youtube account  

http://www.youtube.com/user/erundook  and the google+ account linked to it, which contains just too much personal info

https://plus.google.com/109060493584158563226/videos


if you check the videos, you will see a video with "erundook" included in the name

If you then further check some of the videos on this account, you will end up with one of the videos containing a scene where he films himself in an elevator with a mirror. This is exactly the snapshot you see in the first page i linked, of a guy taking some video shot of himself in front of a mirror.


Checking the photo section afterwards, there are just so many photos of him and those close to him, there is no doubt that IF this is erundook which he is highly likely, it won't be that easy for him to just vanish with the loot.

I think he will have to rethink his situation...

Even if TM was the cause of those 750k vanishing, there is no way this was done without anyone noticing it. It would be them stealing their own coins and blame it on TM after.

Also we are to believe that they had no personal data of supposed thief when they were asking an arm and a leg for someone to withdraw large funds.

Furthermore, if they REALLY did not notice because they are so extremely incompetent, then why all this secrecy, instead of providing us with all the information/data required to check for ourselves?
Cold wallets, thief ID (probably stolen).

It just does not add once again, why we are left in the dark if TM really was the reason, or anything else was the reason for the theft.

A liar will try to release as little information as possible, because if he releases information, someone could verify it and possibly detect the lie.

There is either some government involvement possibly blackmailing him or his family,

OR he screwed up badly in trying to trade the BTC in an attempt to pay off liabilities for court cases/licenses etc with customer funds, he believed he would be able to get back easily with fees/arbitrage between exchanges and other ways to abuse exchange powers.
He then got surprised by BTC shooting up to 1200 when he already sold out all the BTC, resulting in him having to retreat into illegal activity in a desperate attempt to regain the funds which would explain why he keeps silent about it.

What we do know is that 160k passed through the MtGox API just recently, which unless there is some other mysterious explanation, is a clear indication that MtGox is in control of at least 160k BTC still.

IF it is not, he would have to explain to us how it is not. Again, he remains silent about it, which makes no sense if this BTC was stolen. It would be in his interest to show us the addresses it was stolen from.

Nothing of what Karpeles does or says makes sense unless you dive into some extreme scenarios which are just more likely as otherwise the puzzle pieces do not connect.

Pure incompetence would not explain why there is all this secrecy about how exactly the coins escaped. Even if they stole them themselves, they could show us the chain of events of the coins escaping.
They are not doing this, because there are some men in black/mafia etc hindering them from doing that OR it would uncover all the fraud involved they were conducting.

If someone wants to bring up a theory which does not involve at least some part of the above, he would have to explain the secrecy of karpeles concerning this case.
He would have to explain why all of the sudden 160k ran through the gox API just recently, which stemmed from the 424k address Karpeles used to prove his exchange was not running a fractional reserve.

I can only repeat that there has to be put pressure on the authorities to interrogate him and squeeze the information out of him, we need to complete the puzzle, one of the most important information being the cold storage wallet addresses the coins were stolen from supposedly.

i have not followed recent events. Just commented on the coinex.pw vs cryptsy topic from my experience. Maybe i have some  reading to do.

edit: Hm, reading up on this, it really seems like i was too fast to give them credit. Let's hope they resolve everything and no one loses any coins...

Coinex.pw EASILY wins this battle. Coinex.pw has the fastest transactions in and out of all exchanges i used so far. It's almost instant when you transact funds out and deposits are as fast as the blockchain allows them to be.
There have been some incidences where coinex.pw had to freeze transactions because of database corruptions they had to fix first.

The problem with coinex.pw is that they do not offer all coins cryptsy has, lack the volume currently (but it's getting better), but most important, their exchange code is less than perfect, requiring me to refresh the browser all the time. They need to fix this (maybe they have as i did not use it for some time now because i did not trade any alts lately).

All in all, coinex.pw i trust way more than cryptsy which obviously does it's own arbitrage on high volume coins, possibly conspiring with another exchange. It's no coincidence certain coins allow you to draw out funds quickly while coins allowing for arbitrage at peak times like doge, tips, IXC , moon etc required several days at times to withdraw them.

It got to the point where i had to send a few test coins in and out to see if they enabled their artificial withdraw/deposit freezing on certain coins.
I got trapped still with some doge when 3-4 transactions worked just fine on the same volume, followed by a transaction which took almost a day to get out.


It would be quite easy for coinex.pw to destroy cryptsy, simply by adding autosell and all alts (possibly even more than cryptsy). This would take away all users which just mine alts and want to autosell them for btc/ltc/doge or other more future proof coins.

As i see it, the only reason why people use cryptsy is simply becase there is no alternative, as in an exchange having almost all alts and allowing to autosell.

The issue goes much further. Even IF you have the invoices for the mining equipment, supposed you were a successful trader and managed to increase your holdings tenfold on btc-e or other exchanges they will probably ask you for proof of that as well.
I doubt many have kept all the logs needed to prove such.

Likewise, asking for proof of having purchased some mining gear is nonsense. Anyone who purchased an AMD 5xxx/6xxx back then when BTC was below a dollar still, could justify any amount of BTC even if he did not mine at all.
On the other hand, some who purchased mining gear might have sold their BTC early and the BTC they are holding now is from evil laundered money.

So next they will ask you to show them which wallets you mined into a year+ ago... and if you did not log that data or lost the old wallets for whatever reason, you are screwed again.

They need to give you all this info BEFORE you sign up, not take your money and BTC and then trap you in. This is just shady business there.

my question is, can a customer cancel an order if the price falls dramatically?

If yes, then it is all fair game. If not, and they only cancel when the price goes up, while forcing you to buy even if the price bottoms, then this is fraudulent behavior.

If i understood properly from what i read, my bets would be on the the hacker having had access to your smartphone.
Either via some malware you installed OR via known security holes in the software installed on your device and or known backdoors the NSA builds into every such spy-device known as smartphone, the hacker also knew about.

It is my understanding that via your smartphone you accessed also your email, were trading on bitstamp and also using it for the 2FA

So the hacker had access to your email password via the phone, bistamp password, and of course the 2FA  (be it a keylogger, trojan with full access, NSA backdoor, security hole in your smartphone OS etc)


The above is the reason why i refuse to own a smart(dumb)phone and decided to use an old laptop with linux to do the 2 factor authentication for me.

The laptop will never touch the internet ever again. The codes for the 2 FA are on a usb stick and also printed out in case of hardware damage allowing me to restore the 2FA on another device if ever required. (you have to make sure the clock on the laptop displays the right time or 2FA won't work)

There are probably many ways to do the 2FA in linux, like using jauth, or installing virtualbox and then install android within it(old laptop too slow for this), but i decided to use wine and used winauth inside it.

To use winauth you first have to install dotnet 4.0 however, and that is not so easy. Tutorials on the net using winetricks did not work for me. I ended up copying the whole msnet 4.0 folders into the appropriate locations in the wine folders from a win98 install in virtualbox and to my surprise it worked...

I think this is a good point.

The 424k certainly were sent to some cold wallets after he provided proof. While not likely, it is certainly possible someone bought that many BTC from Gox in one go, but then, as you said, we should see some in between cold storage.

Yes, i already mention in another thread that the 0.00777 pattern was present in many other addresses within the richlist top 100 as well, several days ago.
So this is not something we can use to solve the mystery really.

He is a lying turd, and since his lies are so obvious, either the authorities will start asking him some serious questions, or they have been told to refrain from doing so which plays into the US gov being behind this theory.

how does he arrive at only 65 millions USD (assuming the values he gave us were in JPY) liabilities? Even if he used 135 USD as a price per BTC, that would only be about 481k BTC. What about the remaining BTC to 750k?

Also, it seems like he is really trying to pull the scam i described. After having used the fake goxBTC IOUs owned by the exchange  to push the price down to 135 (along with other manipulation), they shut the exchange before it could go back up.

edit2: It's not a necessity he used only the goxBTC owned by the exchange. He could have use extra goxBTC he created simply by entering numbers in the server database. Since he refuses to give out any records, anything is possible.
What remains is that noone sane would have sold at 91.5 USD when other exchanges were at around 600, 6x+ higher.

Perfect way to lower the liabilities down by a factor of 5-6x, actually more, since their doings dropped the BTC price on other exchanges on top.


This guy is a complete asshole fraudster


edit: He has not shown us the cold wallet addresses still and pretends to be investigating, adding insult to injury. What's next? Telling us the cat ate the paper with all cold wallet addresses listed on it?

The above theory has to explain why he did not just run the exchange normally and profit from it when he had 80-90% of all trades.

If money was the motive, he could have profited without even manipulating at all, or if he wanted some extra, just use the exchange powers to get that extra.

So adding to the above, maybe he decided to turn his customers' BTC into USD and settle the coinlab case along with whatever the US gov was squelching out of him for not having registered properly as a money transmitter when accepting USD funds from US customers.

He thought that maybe he would be able to get all this back via the arbitrage and other shady things i described, including fees from trades and deposits/withdrawals.

But then he got surprised by bitcoin shooting up like there was no tomorrow. We went from around 100 to 1200 in just a few weeks.

Now one might think, to get to 1200 there had to be a lot of USD coming into the exchange to get the price that high. But this is not true. All it takes to make the price shoot up is for people owning BTC, thinking it is more worth, not willing to sell for less, and others bringing new USD into the exchange willing to buy at those prices.

The problem here was not him not having the USD for the withdrawals, but him not having the REAL btc anymore. On the USD part, people would simply not have placed any orders on MtGox, so either the price would go down, or people would have to wait for someone willing to buy the goxBTC at such high prices with fresh USD coming in.

However, when people started to withdraw BTCs in masses, this is what collapsed the whole system. He simply did not have the BTC anymore as explained above.


The mistake was to use customer funds to pay out liabilities for court cases the exchange owned. He should have declared bankruptcy back then and pay out everyone his funds fully, then restart as a new business with a new CEO.
(or even better, pay out everyone fully, and THEN shut down and declare bankruptcy)

Just another theory which might be part of the puzzle..

1) Both the REAL BTC and USD were long ago channeled out of MtGox, MtGox operating a fractional reserve (somewhere between june 2013 when Karpeles proved he had 424k BTC under his control and now

2) He kept just enough funds in the hot wallet to be able to pay out withdrawals with whatever more he made out of fees

3) Intentionally he delayed withdrawals, leading to the USD price on gox shooting up, allowing him to do arbitrage with the complicity of another exchange and people close to him, traveling to receive the USD directly in japan and channel it back to the exchange conspiring

3.b) There was also probably a bot running on MtGox profiting from the smallest difference in buy/sell, being able to trade at no fees.
Another way of manipulation used, was to deliberate shoot the price up and down in sharp spikes, sending signals to other exchanges, and being able to buy/sell with pre-knowledge of where the price would go.
Since the goxBTC/goxUSD were not real anyway and via manipulation he had a large piece of them, it was easy for him to control where the price goes.

4) At some point when there was not much to be made anymore with this scheme, as people would simply not deposit USD anymore into MtGox he decided to pull the plug of BTC deposits as well

5) The intention to pull the plug on BTC deposits was to create a panic and shoot the BTC price down on MtGox. This allowed him to buy up a lot of cheap goxBTC along with what he already had on the exchange.
Those goxBTC and goxUSD were already worthless as not backed up by REAL btc/usd. They were just IOUs

6) Knowing the goxBTC he holds is worthless, he dumped them all in one go, creating another mass panic and shooting the price down to 91.5 USD, allowing him to buy even more BTC at the bottom, followed by a sharp spike up, creating another panic.
Rinse and repeat until he has shaken out the very last bit of most customers both in goxUSD and goxBTC.

7) The final kill blow was when he again used the now massive amounts of goxBTC to shoot the price down to 135 and close shop

Now that shop was closed, he could file bankruptcy and claim he owes people only 135 per BTC as this was what they were trading for at this point before shutting it down. Not allowing others to channel money in and buy the price up again

9) With all the manipulation he managed to drive down the liabilities to his customers down to a minimum

10) People thinking they lost all, in shock, will be grateful to even get 135 per BTC once this is over. They will be willing to sign anything anything to get at least something out, preventing them from further demands in the future

11) Gox will rise up again under a new label Gox.com, now having millions of scammed BTC and USD in their pockets, while having had to pay only 1/10th of liabilities to the former customers

I think not. As far as i understand this is part of how the protocol works

i see this was febr the 3rd. Didn't gox shut down withdrawals AFTER febr the 3rd?
How would you know if this isn't just some normal guy who withdrew 5  BTC of the exchange?