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HeliKopterBen
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April 27, 2015, 09:52:02 PM |
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It's most likely a short squeeze/panic buying session which is long overdue. Other exchanges are now following.
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Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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ensurance982
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April 27, 2015, 09:54:14 PM |
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Oh they were actually hacked back in 2012? I always figured they never experienced any real hack or anything, unlike many other exchanges. This is starting to get really interesting, guess I should go and make sure I don't have any funds on BTC-e or anything...
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We Support Currencies: BTC, LTC, USD, EUR, GBP
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lucasjkr
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April 27, 2015, 09:54:20 PM |
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Isn't BTC-E pretty much the longest running exchange out there? Anonymous owners, yes, but what protection did knowing that MagicalTux owned MtGox? Not that I'm endorsing them I'm just wondering what the cause of this latest fearmongering is?
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MoreFun
Legendary
Offline
Activity: 1008
Merit: 1003
WePower.red
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April 27, 2015, 09:56:21 PM |
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Does that look like a pump/short squeeze to you?
Not sure, but you do look like a FUDster.
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Wandererfromthenorth (OP)
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April 27, 2015, 09:57:56 PM |
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Isn't BTC-E pretty much the longest running exchange out there? Anonymous owners, yes, but what protection did knowing that MagicalTux owned MtGox? Not that I'm endorsing them I'm just wondering what the cause of this latest fearmongering is?
Bitstamp has been running since 2012, way before BTC-E. Since knowing Karpeles didn't help, the fact that we know nothing about BTC-E owners makes no difference?
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Wandererfromthenorth (OP)
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April 27, 2015, 10:01:40 PM |
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Isn't BTC-E pretty much the longest running exchange out there? Anonymous owners, yes, but what protection did knowing that MagicalTux owned MtGox? Not that I'm endorsing them I'm just wondering what the cause of this latest fearmongering is?
Bitstamp has been running since 2012, way before BTC-E. So, knowing Karpeles didn't help, so the fact that we know nothing about BTC-E owners makes no difference? BTC-e is the oldest remaining exchange Established July or August 2011 Just checked, you are correct
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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April 27, 2015, 10:07:02 PM |
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BTC-e is the oldest remaining exchange Established July or August 2011
Nope. Paymium was already active (operating as Bitcoin Central) in 2010 and VirWoX started BTC trading in Q2 2011 - they are not big, but older. Heh, I didn't know either of them were still around
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fonzie
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April 27, 2015, 10:12:03 PM |
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Dev on BTC-E chat, just said the site itself was not hacked.
It appears they received a large fake LR deposit.
dev: bitcoinism, they able to withdraw small amount of BTC on our bitcoin server
dev: we got some fake LR deposits so they just bought btc and withdraw
Added: Looks like they are going to do a rollback
dev: we do rollback right now
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
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fonzie
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April 27, 2015, 10:14:12 PM |
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From https://btc-e.com/news/81: Dear users of the Exchange Btc-e.com The exchange is not going to close. We will refund all losses from our reserves. Neither the servers nor the database were compromised. There were no SQL injections. At 04:07 MSK (GMT+4) our LR API Secret Key was compromised. It's 16 uppercase, lowercase letters and digits. They may have bruteforced it for long. Using the key the hacker imitated LR deposits from many accounts and bought up Bitcoins, Namecoins and Litecoins. We lost our daily volume, approx. 4500 BTC. The attacker couldn't withdraw more as most BTC were distributed over several offline wallets. At 10:30 we restored the database to the state it was at 04:00, right before the attack. All trades after 4:00 are reverted. People who attempted withdrawals before 04:00 MSK will get their funds withdrawn later today. For people who deposited BTC, LTC and NMC after 04:00 MSK the funds will be put to their balances before market opens. We are working on the scripts for this. If you deposited USD after 04:00 MSK you should send us your login, amount and payment system used by email or PM. Our plan: 1. The trade will be disabled until we restore the balances to the point before market crash. 2. After that, the trade and deposit/withdrawal will be back on, approx. within 1-2 days. Icq - 610112128 Skype - btc-e.support E-mail - support@btc-e.com
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
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ensurance982
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April 27, 2015, 10:18:03 PM |
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Dev on BTC-E chat, just said the site itself was not hacked.
It appears they received a large fake LR deposit.
dev: bitcoinism, they able to withdraw small amount of BTC on our bitcoin server
dev: we got some fake LR deposits so they just bought btc and withdraw
Added: Looks like they are going to do a rollback
dev: we do rollback right now
THIS QUOTE IS FROM 2012, I think it makes sense to point this out so no one is being lead into thinking this concerns the current actions. I'm sure, fonzie didn't mean to mislead anyone
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We Support Currencies: BTC, LTC, USD, EUR, GBP
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techgeek
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April 27, 2015, 10:21:15 PM |
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Its always been like that with that exchange lol.
Sketch price for reasons, deposits not being credited by payeer which they promote their site on. Security flaws or something other related problems.
But, even if this is a old history, just know history always repeats itself.
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masterluc
Legendary
Offline
Activity: 938
Merit: 1013
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April 27, 2015, 10:23:15 PM |
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Keep in mind they are ukrainians. However no information about real country of residence - Ukraine is under civil war. Everything could happen there.
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Jammalan the Prophet
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April 27, 2015, 10:24:11 PM |
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Dev on BTC-E chat, just said the site itself was not hacked.
It appears they received a large fake LR deposit.
dev: bitcoinism, they able to withdraw small amount of BTC on our bitcoin server
dev: we got some fake LR deposits so they just bought btc and withdraw
Added: Looks like they are going to do a rollback
dev: we do rollback right now
THIS QUOTE IS FROM 2012, I think it makes sense to point this out so no one is being lead into thinking this concerns the current actions. I'm sure, fonzie didn't mean to mislead anyone I'm sure you didn't post this just to increase your pay per post quota but YOU MUST BE BLIND not to see the 2012 on that post.
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Alley
Legendary
Offline
Activity: 910
Merit: 1000
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April 27, 2015, 10:26:21 PM |
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So even when the price goes up people say a exchange got hacked/insolvent and crypto is done? Interesting...
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Jammalan the Prophet
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April 27, 2015, 10:27:18 PM |
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So even when the price goes up people say a exchange got hacked/insolvent and crypto is done? Interesting...
Remember gox?
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Wandererfromthenorth (OP)
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April 27, 2015, 10:28:19 PM |
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So even when the price goes up people say a exchange got hacked/insolvent and crypto is done? Interesting...
BTC-E traders are paying a 5% premium right now (and BTC-E is usually way below other exchanges). That's not exactly just "price going up".
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fonzie
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April 27, 2015, 10:31:46 PM |
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I´m selling all my Liberty reserve for 50%. Anyone interested?
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
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Jammalan the Prophet
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April 27, 2015, 10:41:17 PM |
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I´m selling all my Liberty reserve for 50%. Anyone interested?
Aren't you 2 years late?
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