This is starting to get really annoying - second time they are compromised, BTC24 f@cked up, Bitfloor terminated, MtGox DDoSed, bitcoin.de with issues, BTC-e compromised too...
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If anyone has proof that he's aware of these things, please share it. see: IRC LOG HERE: http://area404.nl/irc/%23bitcoin24/2013-04-16.htmlIn the chat he says he has rolled back the transactions in the trading engine, and also says he will reset everyones password due to the phishing... Shame that there isn't a clear cut solid single line of communication, but that's how it is... things are looking better, not 100% positive but better - I won't summarise the IRC chat for you as it took me ages to read it but just expect developments in the next few days [00:38:40] <zewelor> TAiS46: what about transactions before turning off webist ? If i sold my btc there were sold or not ? I got 3x euro for that trade, does it mean i still have that bitcoins, or i have sold them and got correct euro amount ? ... [00:39:34] <TAiS46> zewelor: they will be canceled and are restored. So does this mean that I never really sold my BTCs?? And I will be able to withdraw bitcoins without worrying if the bank accounts will be unfrozen? What do you people understand? (I am not zewelor btw).. EDIT: [00:40:36] <guidebook> TAiS46: I received a SEPA withdrawal confirmation email on April 4 but I haven't received the money. Is the money safe? ... [00:42:19] <TAiS46> guidebook: the money is safe and I know wich transactions are not leaving the bank account! they will be reset!
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To be clear, I don't know for sure about the Polish bank - the transfer I was looking at was sent after he'd switched the details on the website to point to his personal bank in Germany. So it's possible that until that point he was using a business account. I don't know exactly when he made the switch, it sounds like it was only a few days ago.
Yes everything indicates the Polish bank was in the company name but it doesn't matter when he switched or why. When his company bank account got shut down he should have stopped accepting deposits. Period. By using his personal account to accept funds in the company name he pierced the corporate veil. Hopefully this is a lesson to those getting started in business. As bad as things got for bitcoin24 if he stopped trading when he realized a flaw in his trading engine and stopped accepting deposits when his bank account had gotten frozen the issue would be far less severe right now. By continuing to operate with an engine that allowed double payments and rerouting massive flows of cash into his personal bank account he made a bad situation much worse. Now it is unlikely everything will be resolved quickly and without cost. Any cost and losses are going to fall on him personally so I hope he is independently wealthy. THIS
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The bank accounts are also in his personal name, not the business's, and I believe he is a German citizen, not a UK citizen.
Well the good news for creditors that makes his LTD worthless. A court would find him personally liable for all losses and damages. Then again who knows if he has any funds. Hopefully his "lawyer" has informed him of complete personal liability (as in can lose everything he owns, personal assets, car, house, cash in bank, etc) and thus he is motivated to provide some transparency on what happens and what depositors can expect. Rule No 1. NEVER run any kind of currency exchange business using your own personal bank account. And least of all one that requires compliance with anti money laundering regs and all the other requirements. Suicidal. The amateurism involved in this operation amazes me. What really amazes me is how ignorant & naive the people trading there were (including me)!
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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...
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Proudhon has proved that:
1) No single digits 2) No balls
Ignore this troll
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Bitcoin is here to stay.
I was burned on 2011 but still believed and will believe.
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Why not try both? Split up your funds.
I go 95% on BTC and 5% on LTC but the main idea is this - split your funds. Maybe 1% Ripples too? Just saying... EDIT: I was posting as a reply to OP
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Congratulations. Lucky bastards. Not lucky at all when the price is sub $30 in 2 weeks. This Kiss This
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I'm trading alot of my LTC for BTC as we speak.... I think we're going to see a quick recovery.
$85 already... damn I'm good! Probably 100$ in an hour!
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Glad I sold above $90. It wont be reaching these levels again for at least another year. Thanks for the money guys, cya Dream on loser
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The f@ck with MtGog
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Going to listen to this until we hit $100 It has been on repeat for me since $45 LMAO
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How de we feel? Check bitcoin-24 price: 75!!!!!!
That means the dollar should be at least +10 ...
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Proudhon natters like the Golum wanting back his lost ring! LMAO
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