https://youtu.be/XjjzG-w-k2E

https://youtu.be/hZID7DM0cfA

Users of the long-troubled cryptocurrency exchange WEX have begun filing police reports after more than three months of being unable to withdraw major cryptocurrencies or fiat, CoinDesk has learned.

A WEX trader named Ruslan, who has been encouraging other users to seek an official investigation, told CoinDesk that as many as 35 such reports have been filed thus far online through the website of the Russian Interior Ministry. Coordinating through a specially created website and a Telegram chat group, users have been sharing confirmation numbers the filing system sent them after their reports were submitted. At least seven such reports CoinDesk was able to confirm against the Interior Ministry’s website.

The fact that users of a cryptocurrency exchange that has operated at the fringes of the market would seek help from the government is itself notable. WEX was built on the ashes of BTC-e, the mysterious, long-running exchange that ultimately collapsed after U.S. officials seized its domain and then slapped BTC-e and its suspected operator with a massive $110 million fine.

But this summer, the initial enthusiasm around what was effectively a rebirth of BTC-e gave way to growing complaints around withdrawals, which manifested in sky-high prices well beyond those reported on more well-known exchanges. Those issues continue to this day, with the price of USDT – a controversial stablecoin that lost its parity with the U.S. dollar last week – trading for a whopping $6.99 on WEX.

As such, WEX traders – after months of demanding answers (WEX’s last public message on Twitter was posted in late August) – are taking matters into their own hands, seeking an investigation in an effort to get their money back. What’s more, recent developments continue to further stoke questions over who is actually running WEX and, by association, who is safeguarding user funds.

Ruslan told CoinDesk that he hoped to make law enforcement take measures against WEX’s CEO Dmitri Vasiliev and “his conspirators” to prevent them from initiating any new projects in crypto.

“The main idea has been to show other users that they are not alone, that we can act together and fight for our rights by legal means,” he said.

Neither WEX’s CEO Dmitrii Vasilev nor WEX’s official Twitter account responded to CoinDesk’s requests for comment for this story.

Questions amid eye-watering prices
To be sure, users say they’ve been able to withdraw certain coins from WEX since the troubles began – but at a very steep cost.

Specifically,  tether (USDT), zcash, namecoin and peercoin have been available for withdrawal. But their prices on WEX are extremely high compared to the rest of the market, so buying them just to get money off the platform is an expensive proposition.

Other cryptos also maintain extraordinarily high price tags on WEX, with bitcoin trading at $8,602 (compared to about $6,450) and ether at $319 (versus roughly $204).

At some point, around late July, fiat withdrawals were opened but with commissions ranging as high as 45 percent. Even at that price, some users in WEX online chats said they were considering taking their money out, since the longer they waited, the less they trusted the exchange’s management. But now, even this option is no longer available, users have told CoinDesk.

It was around that time that it became public that the owner and CEO, Dmitrii Vasilev, was going to sell the exchange to Dmitry Khavchenko, a militia fighter in Eastern Ukraine, according to a report by Russian media service RBC. Withdrawals were frozen in the wake of that report, and Vasilev later told CoinDesk he hadn’t been in control of the exchange and that the administrators weren’t communicating with him. The identities of the exchange’s administrators, as well as those who actually custody user funds, has never been openly disclosed.

Khavchenko told CoinDesk last week that the deal was signed and the money passed to the seller. Yet according to the Accounting and Corporate Regulatory Authority of Singapore, where WEX is registered, as of Monday, Vasilev was still listed as the owner.

With traders devastated by the situation, trading volume on WEX, once in the tens of millions, has plunged to less than $1 million daily.

https://www.youtube.com/watch?v=wg1Hwy0rcyY
 


An American-Israeli teenager who made bomb threats for a living has been sentenced to a decade in prison by a Tel Aviv court after making a small fortune in bitcoin.

According to prosecutors, 19-year old Michael Kadar was responsible for around 2,000 bomb hoaxes between 2015 and 2017, threats which earned him the nickname the “JCC bomb hoaxer” in Israel due to his focus on Jewish Community Centers. Other targets included commercial airlines, airports, police stations, malls, hospitals, and schools, per The New York Times.

To make bomb threats to commercial jets Kadar, charged US$500, while bomb threats to private residences cost US$40. Kadar, who was home-schooled due to an autistic condition that made integration difficult, charged US$80 to make a bomb threat to schools.

Dark Web Operator
Per court documents, Kadar offered his services on the dark net, and he was paid in bitcoin, generating close to 184 BTC (around US$0.8 million at current prices) in the course of the “career” that started when he was a minor.

bitcoin crime

According to media reports in Israel, some of the bomb threats Kadar made to schools occurred after he was paid by students who wanted to have exams postponed. The bomb hoaxes generated panic and resulted in forced mass evacuations as police and emergency services responded. In some instances, fighter jets were scrambled in order to escort commercial planes that had been forced to land.

“One can easily imagine the terror, the fear and the horror that gripped the airplane passengers who were forced to make an emergency landing, some of whom were injured while evacuating the plane and the terrified panic caused when there was a need to evacuate pupils from schools because of fake bomb threats,” read the verdict from Judge Zvi Gurfinkel.

Campaign of Terror Spanning Continents
Among the countries that Kadar’s campaign of terror was visited upon included Israel, the United States, the United Kingdom, Germany, Canada, Australia, Sweden, Denmark, Norway, New Zealand, Ireland, Belgium, and Argentina.

Kadar, who made the bomb threats from his parent’s home in Ashkelon, a coastal city in southern Israel, used sophisticated software that altered his voice and disguised his location. An investigation into his crimes took the efforts of the Israeli Police and the US Federal Bureau of Investigation, as well as other security agencies from around the world.

Though several thousand US dollars in cash were found on Kadar when his home was raided, the teen refused to disclose the details of his bitcoin wallet, which is believed to contain the bulk of his earnings.

https://youtu.be/fzvaBUGTTSs Audio

The latest Bitcoin Cash hard fork had ramifications on the entire crypto community. Independent of whether you trade BCH, its recent split had disastrous financial consequences for many… and inspired some unorthodox moves from others.

Malta-based exchange OKEx left traders furious last week after taking the decision to change the terms on $135 million Bitcoin Cash derivatives contracts.

As one of the world’s largest crypto exchanges (and part of a handful to offer derivatives trading as well as spot) OKEx has gained in popularity. It’s also ramped up the trading volume, handling some $1 billion or more of crypto trades daily. That’s a lot of transactions.

OKEx Changing the Contract Terms
The OKEx decision to change contract terms involved futures in Bitcoin Cash. The fork was causing headaches and hash wars all round and splitting the crypto community down the middle. So, the exchange took matters into its own hands. It forced the early settlement of all Bitcoin Cash contracts without warning on November 14–right before the fork took place and just as prices were beginning to freefall.

SPECIAL ANNOUNCEMENT: All Bitcoin Cash (BCH) futures contracts will stop trading at 9:05am and be delivered at 10:00am Nov 14, 2018 CET (UTC +1) due to the upcoming hard fork. We will provide a detailed explanation shortly.#OKExAnnouncementhttps:/[Suspicious link removed]/yh3p46tirc pic.twitter.com/oqioSUOUsf

— OKEx (@OKEx) November 14, 2018

This decision went against the stance that the exchange had previously announced on November 9, that it would list Bitcoin ABC after the fork. This decision was in line with most other exchanges. In the event that two chains could not co-exist after the fork and BSV emerged victoriously, futures contracts in ABC would likely settle worthless. Traders began to make adequate adjustments, selling contracts, and pricing for this risk.

So, upon the news of early settlements, derivatives traders on OKEx were left hit by an ice-cold shower in the middle of winter. One trader quoted in Bloomberg Qiao Changhe said that his fund lost $700,000. The hedging position it was forced to take by OKEx was not reflective of prevailing market prices at the level it closed. Qiao will now be reducing his $5-million fund’s usage of the exchange.

Traders Calling Contract Changes “Fiddling”
Qiao isn’t alone in fleeing from the exchange. Plenty of other traders will also be scaling back or cutting ties completely. Qiao said:

“OKEx is losing its credibility… The futures contract became something nonsense, not something we could use to hedge.”

In a statement, OKEx pointed to the extreme volatility behind their decision, saying:

“Due to the upcoming hard fork, strong volatility is observed in the BCH spot and futures markets. We expect an even greater volatility during the hard fork that may cause large-scale impacts, such as cascade liquidation.”

They went on to call the outcome “unpredictable” and say that the exchange:

“may lack time to respond to the market.”

They also explained why no prior notice was given as a bid to reduce the chances of market manipulation:

“It has come to our concern that an early announcement may make room for market manipulation and cause loss to our users. Therefore, we decided to give a short notice in order to maintain the fairness and stability of the market.”

While this may sound plausible, OKEx is the only exchange who made the decision to force an early settlement of Bitcoin Cash contracts. This is something that may not be illegal but is certainly unorthodox–and highly unpopular with traders, leaving many reeling from losses.

OKEx Accused of Market Manipulation
Despite their statement to the contrary, the Malta-based exchange has also been openly accused of market manipulation. In an article on Medium by Amber AI, the author states:

“Over the past week we have seen behavior indicative of market manipulation by OKEx, and estimate $400mm+ of futures contracts have been forced into liquidation as a result.”

Today, OKEx released a statement in response to this article, discrediting the author’s claims of having a Hong-Kong based company and institutional account as fictitious. Moreover, the account Amber AI was an individual and not based in Hong Kong. They went on to reinforce the reason behind the early settlement as being:

“Based on the consideration of market integrity and customer interests. The early settlement was implemented in accordance with clause 2.5 of OKEx Futures Trading User Agreement, “If market anomalies occur before or after settlement and delivery, which results in wide fluctuation of futures index or abnormal clawback rate, we may postpone or early settlement and delivery as the case may be. We shall post an announcement regarding detailed rules.”

OKEx insists that upon seeing the large-scale impact that the BCH hard fork was going to have on the futures market, the exchange felt duty-bound to protect its customers as well as the markets, adding that:

“In the absence of evidence, Amber AI alleged us for trading against our own customers and manipulating the markets. These are completely false allegations and the defamatory statements have caused serious damages to OKEx’s reputation. We reserve all rights to take further legal actions against Amber AI for interfering OKEx’s business… We reaffirm that we will NEVER trade against our customers and manipulate the market.”

Not the First Time the Exchange Has Been Criticized
It’s not the first time that OKEx has been criticized. In August, it imposed losses on its clients after saying that it was unable to cover the shortfall of a major wrong-way bet by one of its users, throwing its risk management ability into question.

To add fuel to the fire, the day after the Bitcoin Cash futures contracts settled, on November 15, the exchange suffered a malfunction and traders were unable to execute orders for more than two hours during a time of extreme and heightened volatility.

When you consider that mainstream adoption of crypto is a long way from getting off the ground and that the community as a whole is dogged by reports of scams, hacks, and criminal activity; this latest move by OKEx does little to boost investor confidence. In fact, it serves to further highlight what can happen when trading on unregulated crypto exchanges.

Video unboxing My Baikal Giant N

https://youtu.be/7lGkLZfwatM

Hi!
I just got the goods,New AcuteAngel product, used to mining AcuteAngle Coin.
Looks like it's a mini computer.
I do not know how to use it

https://youtu.be/lBEn0T6ZHRc

hope!

 
The things we worry about have happened.It is currently unclear how accurate this video is, but this is probably true, ending our suspicion.
I am anxious for my VGA miner.

Look at their performance, horrible!
(at the end of the video)
https://youtu.be/Y3wjF4Buvfk

Every day I ask if they have the goods for me, I expect to buy it. I have been waiting for about 2 months
But as you see, they sell to others.
I'm feeling very sad

if you conect from international to baikalminer you can see a QQ ID,if you conect from china You will see a different QQ address.
If you speak English with that QQ account, or your QQ is not Chinese they will not respond.
If you do not believe you can try with proxy sock5 server in china!!!

Have you heard about the baikal sold asic 2000mh / s?



https://youtu.be/Yx1cjjscB9U
Many people already own it.Baikal does not update their new product on the website.

There seems to be a discrimination against international buyers and Chinese customers.
I really want to have their products, I have been in contact with them for a very long time through email and skype, but I always get the answer is "out of stocks".So while they sell new products to others.I feel very sad and disappointed about Baikal.
They do not respect foreign customers.

Thank for replay!
So i need very very...very lucky!lol

Hello All member!
I'm newbie.I have 7.9TH/S.
can i miner on solo.ckpool ? are they effective?
Please give me a little experience!

Thanks!