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just logged in and i have negative BTC funds and fewer euros than i should have. nice work simon...
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Yes please clarify - too many junior members here, myself included. I'm optimistic about things but we need to consolidate things - evidence, communication, updates etc
i was just thinking this myself, considering gathering all of the information so far and compiling it into one big forum or pastebin post that can be updated as and when necessary. trying to keep track is a ballache even if you're following the main thread, what with Simon posting on reddit, IRC, minimally on facebook and twitter yet nothing really on his site (or on this forum/thread, which is surely the biggest ongoing discussion). i know he has limitations on what he can say currently but making what he CAN share a lot more visible would go a long way. |
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the address that paid into the hotwallet has sent money to it before, as well as another BTC24-related account, as i mentioned here it seems very very odd that a non-BTC24-staff member would send HUNDREDS of BTC in several different transactions. what would possibly be the benefit to them? can you show some evidence of where Simon has talked about contacting the poster of the bug video? it would be quite the coincidence for him to have hoaxed such a specific glitch 2 weeks before it actually started happening. edit: i have just read some of his newer posts on reddit ( http://www.reddit.com/user/TAiS46) and seen it mentioned. regardless - i'm not sure i entirely believe him. also interested in your first part about the BTC withdrawals being explained on the facebook page - i could see nothing there but have read it in the IRC log. are you speaking on behalf of Simon here (as your title suggests)? your post suggests otherwise... |
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cross posting on request of the OP I'm new, so I'm forced to post it here. Maybe anybody can copy&paste it at least to the following thread: "Bitcoin Forum > Economy > Marketplace > Service Discussion > Bitcoin-24.com matching engine seems broken, site down". Simon, the owner of bitcoin-24.com just explained on his facebook-page last night's hot wallet-activity: --------- 1. The transcations of today were requested withdrawals. 2. It was NOT a bitcoin-24-staff-member who sent the 465 btc to the hot wallet, but some user, for whatever reason. So the pending withdrawal transactions were started automatically afterwards. --------- A state of the Unon adress by myself  Simon is facing hard times atm. The criminal investigation department of the city of Bremen forced the bank to block the Euro-account in Poland. There are 3 lawyers - one of them a lawyer of Mt.Gox, too - working to get things cleared. Simon has held out the prospect that withdrawals in all currencies - except for EUR - could be managed asap, since it came out, that only the EUR-account is blocked; they're working right now on a specific withdrawal page and wait for instructions of their lawyers. The trading engine had no significant problems until the day of the shutdown. The virulent video, on which transaction-doublings etc. are shown, is fake - according to Simon he contacted the user, checked his account and nothing extraordinary was found there. Last but not least: If - I say IF - the German authorities happen to realize the dimension of their action and decide to get Simon involved in a money laundering-trial, my urgent proposal would be for the bitcoin-24-users to unite and organize a coordinated defense. Otherwise it could take months if not longer to get the money back from the then closed accounts. Stand by Simon, folks. I don't know him personally, but I'm finally convinced that he's a good guy, by far not a criminal. He's a young idealist facing a bunch of shit right now, and he's doing all day (and night) long what he can to clear things up. |
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the coins I had on btc24 were moved from my deposit address !!!!
any one else knows about this?
Mine too - though several hours later than yours. (I've read your post in the morning and back then my money were not moved yet.) My funds were transferred to this address: https://blockchain.info/address/1AnixjBYxpTzAmfSa8kRdBiUaSGV2e9d26This is huge... Maybe this address collects all the funds deposited. "Total Received 393,790.81050737 BTC" Something's happening... that's the cold storage address, he keeps funds there for security and shifts them to the hot wallet ( https://blockchain.info/address/1BTC24yVKQdQNAa4vX71xLUC5A8Za7Rr71) where they are sent out for withdrawals. the hotwallet is currently empty so no withdrawals can be made. but in that IRC log just posted he said he is aiming to bring the site back up in part with just a withdraw BTC function. perhaps he is consolidating all coins from various accounts into one place for now and will move funds into the hotwallet in preparation for the rush of withdrawals. |
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yes i was under the assumption that the hotwallet would start paying out once it had funds (or a transaction from certain addresses?) but it's a bit disconcerting that there's been no announcement about it, and it's clearly going to need a LOT more input to clear all the pending withdrawals. looks like the rollbacks have been done though: so perhaps btc can start moving out? |
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i suspect the reason he is holding BTC is because of the trading engine glitches causing people to get free coins. if everyone cashes out he can't rollback the trades and undo the damage. i imagine a lot of people transferred their funds out as soon as they realised what was happening so he might already be down.
then again i've seen no acknowledgement from him at all that there was any problem with the trading engine, so who knows... a bit of communication would go a long way here!
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the admin hasn't disappeared just yet (posted on reddit earlier) so i haven't lost all hope.
url ? why he hasn't updated his site i don't know |
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increased my EUR balance by 200 in about 5 mins. But from where comes the opposite for your trade? do you need to do "crosstrade", trade with yourself? You dont trade/match with other orders from other market participants, right? From where comes the money (200 eur) you earned? I like to understand the leak. Thanks From all the users funds??? Damn... if anyone is to lose out it should be bitcoin24 as they will (morally at least(!)) have to settle their customers' accounts whilst also taking the hit of whatever bitcoins were wrongly credited by the trading engine and quickly extracted. the admin hasn't disappeared just yet (posted on reddit earlier) so i haven't lost all hope. |
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increased my EUR balance by 200 in about 5 mins. But from where comes the opposite for your trade? do you need to do "crosstrade", trade with yourself? You dont trade/match with other orders from other market participants, right? From where comes the money (200 eur) you earned? nowhere - it doesn't really exist other than in bitcoin24's database. for whatever reason, the trading engine is spazzing out and crediting twice (or more) for trades in some instances. it doesn't matter how i'm buying from or selling to really, because the amount of free coins being made out of thin air by the bug makes it impossible to lose. i tested this last night when i was the only one on it (seemingly). i don't mind detailing this now because the site is properly down and no-one can get in to take advantage, but if i'd revealed how as soon as i knew this could have been happening for hours. from memory i did: make buy order 1 btc @ ~80 euro make buy order 1 btc @ ~80 euro account is credited for 3 btc, only 160 euro taken make sell order 0.1 btc @ ~77 euro x30 account is credited for 4.5btc worth of trades @ 77euro/btc so i ended up with approximately +200EUR more than when i started over the course of a few minutes and just some quick clicking. really i should have been down about 6EUR i guess. i was clicking very rapidly when making the buy/sell orders in order to reproduce the glitches i'd read about and it obviously worked very well. however even when NOT trying to induce a problem the glitch would still occur - i made a small trade just so i could see if the BTC withdrawal function was working, and ended up getting credited two or three times. just a simple, one click buy order, with no load on the engine as i was just about the only person there. something is clearly very wrong. i wasn't on the exchange this time yesterday but i can see why it was taken offline so abruptly if this was happening. it also explains why the hotwallet is being kept empty - if everyone draws out their coins this can't be corrected. if the coins stay in the system, the database of trades can be rolled back (as i understand it) and BTC/EUR/USD balances can be restored to something resembling 'normality' before the glitch. |
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Maybe he is testing the new code.
on an exchange that is effectively live though? while his customers still have active orders, no less. i think someone has just worked out how to access the exchange and is taking advantage of the glitch to inflate their balance. you can see that orders are regularly executed twice, giving double coins/EUR, which you can then trade the opposite way in multiple tiny orders and have many of those executed twice too. end result = free money essentially. i tried it briefly few hours ago and increased my EUR balance by 200 in about 5 mins... stopped straight away of course (and am ready/willing to hand the funds back) trading engine is an absolute joke atm - this is why i didn't want to share how to get in |
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No more trades...
i can make one if you want to prove i still have access. i imagine a lot of people have lost hope by now... If you could make a withdrawal, I would actually pay you for my money.^^ i've attempted to make a (BTC) withdrawal, the transaction shows as 'confirmed' on btc24 but does not enter the blockchain, presumably because the hotwallet is empty I need SEPA anyways :-( haven't even bothered trying that due to the bank account being 'frozen'. he's just posted on reddit: http://www.reddit.com/r/Bitcoin/comments/1c7utl/bitcoin24com_the_polish_authority_closed_your_our/c9eb1h6 |
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ah fcrap orgot to change the bid price from 78.38 but now you can see the activity on bitcoincharts - TWO trades at 0.18 thanks to the fucked trading engine |
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No more trades...
i can make one if you want to prove i still have access. i imagine a lot of people have lost hope by now... If you could make a withdrawal, I would actually pay you for my money.^^ i've attempted to make a (BTC) withdrawal, the transaction shows as 'confirmed' on btc24 but does not enter the blockchain, presumably because the hotwallet is empty |
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pick a number between 1 and 999, i will use it after the decimal point (to verify it's me)
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i can make one if you want to prove i still have access. i imagine a lot of people have lost hope by now... |
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