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It would be nice if there was something official posted about MOORE being discontinued...
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Thanks for being organized and staying on top of this glendall. The number of idiots in this thread astounds me... I don't know how you do it  |
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Forgot to post the resolution to this issue. Joe stopped ignoring my contact requests once I filed a ticket with their new support system. In summary: Basically I had been allowed to open a position without the necessary deposit (note that at the time the deposit formula was a black box, IIRC). At the time, I was trying to set a very low stop price during wild Mt. Gox volatility, and assumed that my position was being opened appropriately (I was testing the system, it was my 2nd or 3rd trade). After the apparently improper position was noticed, it was disappeared (system claimed I had liquidated it when I hadn't) and a withdrawal that I made was never received. The real kicker: "In line with our terms and conditions, we suspended the withdrawal from your account to recoup some of the operating losses made in this trade." I'm not quite sure where in their terms they think it says this... And I should send an ID to unsuspend my account (why I would want to is beyond me...) A sanitized copy of my support ticket's reply is below: Hi there Jackmaninov,
First of all, thank you for your patience. I apologise for the delay in getting back to you as we have had to asses each an every account suspension on a case by case basis.
Suspensions were made to accounts where a stop price was set that far exceeded the deposit placed for each position opened. Our trading engine places trades out to market with up to 10 times the deposit placed of private funding. As a result we work hard to ensure that each trade placed fits within a strict criteria. Back in early February, due to large market movements, a number of traders placed trades with huge stops far exceeding what would have been covered by a typical deposit. Your last position was one of these.
In part, a Btc.sx enforced limit did not reject this trade as it should have but instead placed it out to market without requiring a larger deposit. As the market moved against this position, losses far exceeded the initial deposit of XXXXXXXX BTC, upon detection by our staff and subsequent close, the position as its final price of $XXX.XXXXX logged a loss of -XXXXXXXX BTC.
If the position had been left to run to your specified stop of $XXX. Your losses would have been far more. Typically, in line with customer expectations we do not aim to ever put a customer in a position whereby they will lose more then their initial deposit for each position. Where the losses are greater, within reason, Btc.sx will cover client position gap losses. If losses far exceed what we can cover, as in your trades case, we reserve the right to reclaim funds that are lost to market.
After these trades were detected, a number of accounts were automatically suspended pending further investigations of potential exploitative behaviour. As there was only one trade which posted a loss to Btc.sx on your account, we acknowledge that your activity was not due to exploitation. In line with our terms and conditions, we suspended the withdrawal from your account to recoup some of the operating losses made in this trade.
If you feel as if this was unfair, please reach out to me directly.
My skype is: XXXXXXXX
The subsequent verification of personal details (Drivers Licence or Passport), we would be happy to re-open your account.
Kind regards
Joe Lee
CEO, Btc.sx
TL;DR: Don't trade with BTC.sx. |
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Erik, now that you're presumably in the clear with the SEC, any news on the FeedZeBirds buyback?
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WOW. Erik just settled with SEC over selling securities for SatoshiDICE and FeedZeBirds. I'm quite shocked they went after him for this tiny business when SatoshiDICE was so much bigger... Hopefully we'll hear some resolution now. EDIT: linky |
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I haven't seen any MOORE dividends in quite some time. Does anyone know if this business is still alive or dead?
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It's a bit convenient for those of us following along that all these scams seem to be getting rolled up into one mega-scam. I wonder in the end who the master scammer is  |
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What a beautiful slap in the face this morning. I received, to my email address associated with my btc.sx account that has been suspended and who's support requests have been ignored for over a month, the following exciting news:
BTC.sx Receives Largest Seedcoin Fund Investment: Virtual Incubator Finances the First Bitcoin-Only Derivative Trading Platform
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Any updates? I've still been waiting over a month for a reply from BTC.sx about my withdrawal (and asking about weekly for updates).
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I've been emailing them once a week about a withdrawal I made that never arrived. The last time I emailed them I went to log into my account to check on balances there (maybe I was silently refunded) and learned that my account is disabled. This is AFTER they suspiciously closed one of my long positions on me (unrelated to my stop price), resulting in a loss.
Don't trade with these guys, you WILL lose money (especially with their new, lower stop loss limits).
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After speaking to someone in the know but who wouldn't divulge much, I am now convinced that Ukyo is being investigated along with others by the U.S. SEC and was forced to withhold people's funds and not talk about it until the investigation is complete. I further speculate that it is the same investigation into Satoshi Dice that is coming to light.
P.s. If you don't fully understand english and can't see the words "I am now convinced" and "further speculate", don't reply saying "this is bullshit" and look like a moron. I never said it is true, I am only sharing my current belief.
Ahh, so SatoshiDICE passthroughs have come back to bite us all in the ass. Beautiful. This also makes sense when you start reading the PDF that the MPEX founder posted yesterday. I therefore blame MPEX and their 30BTC account signup fee! Of course, I probably would have been trading there without it... |
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Still no response from their support about my withdrawal from them, and today I checked my account and got. "Your account has been deactivated. Please contact Administrator".
My guess: they lost money on trades while Gox was Goxing people, and now they're passing this loss on to "suspicious" accounts.
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I've been waiting on a withdrawal from them since Feb 20th...
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This quote seems very relevant for this thread (if it is true): Ukyo showed up at the Dallas Bitcoin meetups several times last summer, before that thread, and then disappeared a few months later.
He talked about having just come back from helping Mark Karpelles get Mt Gox working again after the DDoS, had bad things to say about Marks's organizational and coding abilities, and told us Mark's side of the dispute with CoinLab (all the stuff that came out in the countersuit).
At the time he claimed to be working to get the necessary state-level MSB licensing and was preparing to have WeExchange take over the USD side of Mt Gox's businesses. (Do all the things CoinLab promised but never achieved). That clearly never panned out.
He was worried about the SEC and Bitfunder and was looking for an exit strategy.
This was most likely also the big news he was talking about. Combined with the IRC-log from December 17, I think we might have uncovered the cause of the problems at weex (and mtgox?). <Ukyo> been fighting gox to coorolate things
<Ukyo> to find out exactly whats what on those orders
<Ukyo> er..
<Ukyo> >,>
<Ukyo> <,<
<Ukyo> i am going to shut up now.
Maybe the central bank of Satoshi will bail us (and Gox) out now... |
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Still waiting on a withdrawal from the 18th...  |
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Hey guys,
I had a weird issue with BTC.sx today. I was watching a long position go up and down in a background window, and I come back and it's gone. Checked the trade history, and it had been marked as Liquidated: user. The price hadn't hit either the stop or limit price (nowhere close), I have more BTC in my wallet than the deposit on the position, and now I'm stumped. Now their buy limit has been reached and I can't open any new long positions.
Did I get screwed? Their FAQ isn't very clear under what circumstances they may force a liquidation...
Have you heard anything from support? The lack of any info whatsoever from them is getting pretty frustrating. Nope. The withdraw I made also hasn't been received yet, though it was removed from my BTC.sx wallet immediately. Just got an update from their support: A number of accounts including yours are currently suspended pending further investigation. Any information you can send us in regards to your trading actions may help in assisting us in a timely resolve. Thank you for your patience. |
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Hey guys,
I had a weird issue with BTC.sx today. I was watching a long position go up and down in a background window, and I come back and it's gone. Checked the trade history, and it had been marked as Liquidated: user. The price hadn't hit either the stop or limit price (nowhere close), I have more BTC in my wallet than the deposit on the position, and now I'm stumped. Now their buy limit has been reached and I can't open any new long positions.
Did I get screwed? Their FAQ isn't very clear under what circumstances they may force a liquidation...
Have you heard anything from support? The lack of any info whatsoever from them is getting pretty frustrating. Nope. The withdraw I made also hasn't been received yet, though it was removed from my BTC.sx wallet immediately. |
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Hey guys,
I had a weird issue with BTC.sx today. I was watching a long position go up and down in a background window, and I come back and it's gone. Checked the trade history, and it had been marked as Liquidated: user. The price hadn't hit either the stop or limit price (nowhere close), I have more BTC in my wallet than the deposit on the position, and now I'm stumped. Now their buy limit has been reached and I can't open any new long positions.
Did I get screwed? Their FAQ isn't very clear under what circumstances they may force a liquidation...
Same thing happened to me. I had three long positions closed (at $80-$100 above my stop prices), also marked as liquidated by user. So now I'm out the cost of funding the positions for 3 days as well as the 0.5 BTC my trades "lost" (though they would be profitable as of 5 minutes ago). Just sent support an email, very curious/anxious to see how/if they respond. Their FAQ isn't very clear about circumstances for forced liquidation, but this would not seem to be one of them -- and if it were, our trades would definitely not be marked as user liquidated. Judging by their facebook page we're not the only ones having issues today. Ok, nice to know that I'm (probably) not crazy and accidentally liquidated. I've submitted a support email so we'll see what they say. |
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Hey guys,
I had a weird issue with BTC.sx today. I was watching a long position go up and down in a background window, and I come back and it's gone. Checked the trade history, and it had been marked as Liquidated: user. The price hadn't hit either the stop or limit price (nowhere close), I have more BTC in my wallet than the deposit on the position, and now I'm stumped. Now their buy limit has been reached and I can't open any new long positions.
Did I get screwed? Their FAQ isn't very clear under what circumstances they may force a liquidation...
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