Bitcoin7.com - Brand new exchange market!

[Phinnaeus Gage]

I transferred $1750 from MtGox to Bitcoin7.  It took 4 hours to clear.

Legitimate question here: how did you do that?  I see thatBitcoin7 lists it as a funding option, but the MtGox page seems to imply that you can only send USD to another MtGox user.

I suspect that they have a MtGox account.

Jere

They do/did: 50509,bitcoin7,info@bitcoin7.com

[PatrickHarnett]

I had to give up on B7 because they were costing me too much money with their bad trade engine.

If there are a series of bids or offers, you need to do them one at a time or it will do all of them at the price you enter, not the best price.
and
I was trading USD and EUR and it would randomly execute my EUR trades as USD causing the trade price to be significantly different from the actual USD price.  e.g. Selling at 4EUR is different to selling at 4USD!!

Their "support" claimed it was something I was doing, despite my showing them the trading logs.

[Stephen Gornick]

Just to put a bookcase end to this post, Bitcoin7 says they've been hacked, most of the customer's funds are gone and they've closed.

http://bitcoin7.com

Dear User,
Please read carefully the following critical announcement.

On Oct 5th 2011 Bitcoin7.com became the victim of a number of pre-planned hacker attacks. While our investigation is still going, evidence reveals that the attacks originated from Russia and Eastern Europe.

The attack itself took action not only against the bitcoin7.com server but also against other websites and servers which were part of the same network. Eventually the hackers managed to breach into the network which subsequently lead to a major breach into the bitcoin7.com website.

As a result of the hacking, unknown individuals managed to gain full access to the site's main bitcoin depository/wallet and 2 of the 3 backup wallets.

In addition the hackers gained access to our user database.

Even though our faith in the bitcoin project and community remains as strong as it ever was, it is our responsibility to admit that the scale of the damage is far beyond our financial and physical capabilities.

This is why we have decided to cease the operation of bitcoin7.com and instead of investing in new technology and personnel that could possibly help us overcome this unfortunate situation, we decided that we'd rather gather all possible finances through all possible means and initiate a crisis plan for reimbursing the lost balances of our users.

This is also an open invitation to all interested investors which have interest in taking over the site at the only cost of recovering the stolen bitcoins.

The crisis plan will take action over the next 90 days. On behalf of the management of bitcoin7.com we want to apologize for this extremely stressful situation.

More specific updates will follow within the next 24 hours with detailed instructions about how to withdraw your funds.

[Phinnaeus Gage]

be wary people  before you start dropping hard earned cash into things!

bbit, you don't the slightest idea what you're talking about. They're located in Bulgaria, where the viral blockchain dance started:

[Phinnaeus Gage]

You guys realize that all the text on that site / options is an exact rip from www.tradehill.com


That doesn't instill a lot of confidence....

"I can't afford to write my own text but I'm happy to hold all  your money."

wow! that should certainly been known by anybody putting money in there. that coupled with the accusation that he offered jgarzik coins to promote him is making things smell bad to me..

Well tweet it, post it everything else it's a polished site but a complete rip.
If you look at it under the faq you'll see it even says "incorporated in Chile" which is where we (TradeHill) are incorporated.
Seriously please spread the word. Things like this are horrible for Bitcoin.
Even if he's not just there to steal your btc do you really want to use a site that stole their entire text?

I do take it as a compliment though 

Seriously, please spread this and compare the two for your self if you doubt it.

Damn it! Why didn't more people on this forum ask more questions? Why were they given a free ride? I just don't understand. No clues what-so-ever that this may be a bad site. NONE!

[Remember remember the 5th of November]

I am Bulgarian and already warned you guys this would happen...

[Phinnaeus Gage]

So, the guy's first name is Chris that runs Bitcoin7. Is Chris sometimes short for Christian? I'm just asking. Did the owner of B7 also run/own a poker site? And one more thing: Isn't B7 a spot on a Bingo card? (last question is not relative)

[bbit]

be wary people  before you start dropping hard earned cash into things!

bbit, you don't the slightest idea what you're talking about. They're located in Bulgaria, where the viral blockchain dance started:

I was good at predicting things hey ? 

[Phinnaeus Gage]

be wary people  before you start dropping hard earned cash into things!

bbit, you don't the slightest idea what you're talking about. They're located in Bulgaria, where the viral blockchain dance started:

I was good at predicting things hey ? 

Yep! Now join the choirs line.

[sonba]

You guys realize that all the text on that site / options is an exact rip from www.tradehill.com


That doesn't instill a lot of confidence....

"I can't afford to write my own text but I'm happy to hold all  your money."

wow! that should certainly been known by anybody putting money in there. that coupled with the accusation that he offered jgarzik coins to promote him is making things smell bad to me..

Well tweet it, post it everything else it's a polished site but a complete rip.
If you look at it under the faq you'll see it even says "incorporated in Chile" which is where we (TradeHill) are incorporated.
Seriously please spread the word. Things like this are horrible for Bitcoin.
Even if he's not just there to steal your btc do you really want to use a site that stole their entire text?

I do take it as a compliment though 

Seriously, please spread this and compare the two for your self if you doubt it.

Damn it! Why didn't more people on this forum ask more questions? Why were they given a free ride? I just don't understand. No clues what-so-ever that this may be a bad site. NONE!

Well, going through this thread (and others) there are several people (e.g. TradeHill, Beastmanguy, bbit, myself (mainly on a different thread, though)) who warned of Bitcoin7.com. I guess the main reason why most people didn't write about it any more was because they stopped using Bitcoin7.com.
also have a look here: https://bitcointalk.org/index.php?topic=17004.100 and here https://bitcointalk.org/index.php?topic=37057.0

If you search through the forum you will find the parent cmopany, though. As far as I can remember it was a bigger software company, mainly producing games (?). So you can write them directly, if you lost money. What I found on a quick search was "AbuDhabi 2010" LTD, 130 Simeonovsko Shosse, Sofia, Bulgaria and "the US operations performed by "Risk Asset Management" LLC, a company registered in Las Vegas, Nevada, USA". But I know that there was more posted in the early posts when bitcoin7.com just started, including a message from the owner of the company.
Good luck with getting your money back!

[Phinnaeus Gage]

You guys realize that all the text on that site / options is an exact rip from www.tradehill.com


That doesn't instill a lot of confidence....

"I can't afford to write my own text but I'm happy to hold all  your money."

wow! that should certainly been known by anybody putting money in there. that coupled with the accusation that he offered jgarzik coins to promote him is making things smell bad to me..

Well tweet it, post it everything else it's a polished site but a complete rip.
If you look at it under the faq you'll see it even says "incorporated in Chile" which is where we (TradeHill) are incorporated.
Seriously please spread the word. Things like this are horrible for Bitcoin.
Even if he's not just there to steal your btc do you really want to use a site that stole their entire text?

I do take it as a compliment though 

Seriously, please spread this and compare the two for your self if you doubt it.

Damn it! Why didn't more people on this forum ask more questions? Why were they given a free ride? I just don't understand. No clues what-so-ever that this may be a bad site. NONE!

Well, going through this thread (and others) there are several people (e.g. TradeHill, Beastmanguy, bbit, myself (mainly on a different thread, though)) who warned of Bitcoin7.com. I guess the main reason why most people didn't write about it any more was because they stopped using Bitcoin7.com.
also have a look here: https://bitcointalk.org/index.php?topic=17004.100 and here https://bitcointalk.org/index.php?topic=37057.0

If you search through the forum you will find the parent cmopany, though. As far as I can remember it was a bigger software company, mainly producing games (?). So you can write them directly, if you lost money. What I found on a quick search was "AbuDhabi 2010" LTD, 130 Simeonovsko Shosse, Sofia, Bulgaria and "the US operations performed by "Risk Asset Management" LLC, a company registered in Las Vegas, Nevada, USA". But I know that there was more posted in the early posts when bitcoin7.com just started, including a message from the owner of the company.
Good luck with getting your money back!

Just to be clear, sonba, my post was tongue-in-cheek. There were many red flags posted.

[sonba]

You guys realize that all the text on that site / options is an exact rip from www.tradehill.com


That doesn't instill a lot of confidence....

"I can't afford to write my own text but I'm happy to hold all  your money."

wow! that should certainly been known by anybody putting money in there. that coupled with the accusation that he offered jgarzik coins to promote him is making things smell bad to me..

Well tweet it, post it everything else it's a polished site but a complete rip.
If you look at it under the faq you'll see it even says "incorporated in Chile" which is where we (TradeHill) are incorporated.
Seriously please spread the word. Things like this are horrible for Bitcoin.
Even if he's not just there to steal your btc do you really want to use a site that stole their entire text?

I do take it as a compliment though 

Seriously, please spread this and compare the two for your self if you doubt it.

Damn it! Why didn't more people on this forum ask more questions? Why were they given a free ride? I just don't understand. No clues what-so-ever that this may be a bad site. NONE!

Well, going through this thread (and others) there are several people (e.g. TradeHill, Beastmanguy, bbit, myself (mainly on a different thread, though)) who warned of Bitcoin7.com. I guess the main reason why most people didn't write about it any more was because they stopped using Bitcoin7.com.
also have a look here: https://bitcointalk.org/index.php?topic=17004.100 and here https://bitcointalk.org/index.php?topic=37057.0

If you search through the forum you will find the parent cmopany, though. As far as I can remember it was a bigger software company, mainly producing games (?). So you can write them directly, if you lost money. What I found on a quick search was "AbuDhabi 2010" LTD, 130 Simeonovsko Shosse, Sofia, Bulgaria and "the US operations performed by "Risk Asset Management" LLC, a company registered in Las Vegas, Nevada, USA". But I know that there was more posted in the early posts when bitcoin7.com just started, including a message from the owner of the company.
Good luck with getting your money back!

Just to be clear, sonba, my post was tongue-in-cheek. There were many red flags posted.

Uh, sorry, my bad. Looks like the irony got lost on me. For my defense: I've seen posts like that which were not ironical - so I assumed it wasn't either.
Should have more thoroughly checked who wrote it - this way I would have seen the irony *g*
Sorry!

[PatrickHarnett]

also have a look here: https://bitcointalk.org/index.php?topic=17004.100 and here https://bitcointalk.org/index.php?topic=37057.0

Thanks for those links - I didn't find them earlier when I was having problems.  I also noticed they ditched three currencies without warning or explanation, and I was getting poor answers from their help desk for things that were clearly their problem and costing users money.  So I exited a couple of weeks ago.

The site had some nice features, but was missing others, and in the end I found I couldn't trust it.  (A bit like the way I still don't trust Gox because they do odd things with money transfer and I suspect they do not have the funds to cover all deposits.)

[tetra4c]

It seems most of the community realized B7 wasn't safe. It's too bad something couldn't have been done beforehand. I wonder who is next.

[BitcoinPorn]

I wonder who is next.

Well we have

Crypto X Changer https://bitcointalk.org/index.php?topic=43908.0

Intersango https://bitcointalk.org/index.php?topic=28375.0

Trade-Btc https://bitcointalk.org/index.php?topic=46017.0

[phantomcircuit]

I wonder who is next.

Well we have

Crypto X Changer https://bitcointalk.org/index.php?topic=43908.0

Intersango https://bitcointalk.org/index.php?topic=28375.0

Trade-Btc https://bitcointalk.org/index.php?topic=46017.0

Already hacked. Refresh your list.

To my knowledge nobody has ever fallen victim to such an attack and I'm the one that would know.

The entire purpose of OpenID is to put the choice of who to trust into the hands of the user.

However acknowledging that many users don't know who to trust we have moved to an email/password system in which we are the sole trusted party.

[BitcoinPorn]

I wonder who is next.

Well we have

Crypto X Changer https://bitcointalk.org/index.php?topic=43908.0

Intersango https://bitcointalk.org/index.php?topic=28375.0

Trade-Btc https://bitcointalk.org/index.php?topic=46017.0

Already hacked. Refresh your list.

So two out of three, though Intersango is claiming different.   

I do wonder when that Crypto X is going to open, at the least they can look on all these other errors in the scams and make the one ultimate scam.

[genjix]

I wonder who is next.

Well we have

Crypto X Changer https://bitcointalk.org/index.php?topic=43908.0

Intersango https://bitcointalk.org/index.php?topic=28375.0

Trade-Btc https://bitcointalk.org/index.php?topic=46017.0

Already hacked. Refresh your list.

So two out of three, though Intersango is claiming different.   

I do wonder when that Crypto X is going to open, at the least they can look on all these other errors in the scams and make the one ultimate scam.

The hacker that took funds from Intersango through a vulnerability has already posted about it on the forums.

Hell, even our own team has been able to poke holes in ExchB, Intersango and TradeHill.

I don't know why these super-small exchanges keep thinking they are bigger than mathematics. There is nothing wrong with admitting a problem with code. It is the first step to fixing it.

The only reason we don't hear about more hacks on mtGox is because people are still doing it and getting rich off of it.

Give us the link then instead of making outrageous claims.

[BitcoinPorn]

The only reason we don't hear about more hacks on mtGox is because people are still doing it and getting rich off of it.

Give us the link then instead of making outrageous claims.

I would accept a sound theory if no link is available, but I was going to reply with something similar.

[mizerydearia]

With all due respect, posting a link to a thread does not solve that problem. This thread or any other, it's still 'outrageous claims', no?
https://bitcointalk.org/index.php?topic=28375.msg539192#msg539192

I agree that posting a link to a particular historical issue/problem does not fix, resolve or solve the issue/problem.

However, glancing at that thread which is started July 12th I recall that http://intersango.com/ at that time was running Intersango v1 (written from scratch by genjix) that implemented OpenID login mechanism.

Glancing at http://intersango.com/ now I no longer see OpenID login mechanism and the site is now using Intersango v2 (rewritten from scratch by phantomcircuit).

I presume the particular 'hack' or 'exploit' which is regarded as the 'problem' reliant on OpenID is no longer functional considering the lack of OpenID implementation.

Therefore, reliance on a particular reference or link to forum thread as a resoluton of said problem seems a bit strange to suggest considering the problem seemingly no longer exists.

Just my two cents.