Bitcoin-24.com matching engine seems broken, site down.

[moni3z]

bitcoin.de forum has more info https://forum.bitcoin.de/boersen-handelsplaetze/632-ist-mit-bitcoin-24-los-4.html#post3496

I think we can definitely rule out malice. It seems here to trade the chain of unfortunate events. Triggered by a 23 year old, which the thing is simply gotten out of hand.

For the people who still have significant money in it (eg I), a small consolation, but at least reason to hope. If one reads a little further, then one is also clear quickly ... the thing is through. BTC24 is history and the coal is probably very well. If I ever get anything back ... nice. That will never go up in life again properly or "be resolved back". Nevertheless, I would like my money back ... :-)

In Bremen, he lives no more. I was looking at his address, which can be found on the Web. I was not the first, as I am his old landlord said.

Lol angry mob of germans after him in meatspace

[1714653296]

1714653296

[1714653296]

1714653296

[Arlog]

TAiS46 said "ETA will be given tomorrow!".

[MegaBrutal]

My money is still sitting at the deposit address - so it hasn't been spent, this is good. On the other hand, I still haven't received a reply for my e-mail, though I think he must be overloaded with e-mails right now.

But reading the above, I'm getting worried. Several exchange sites experienced several problems so far, but AFAIK it never ever happened that a site had lost its clients' money! There are so many sites I could have moved on to from Mt.Gox and I had to choose this?! That money is more than I ever had in my life at once (despite it's not a horrible amount, actually)!

I want my money back! Seriously!

Even though I said what I said in my previous post, I think after ~2-3 days after the incident, the time has really arrived for some proper communication. At least, he must see the panic, he should really jump in to give an explanation or provide a way for refunds. It frustrates me that I have no control over my money, and it's even more frustrating that probably I won't have ever again.

TAiS46 said "ETA will be given tomorrow!".

Where?

[hansmentz]

Where?

In his latest Reddit post.

[Newscastix]

My money is still sitting at the deposit address - so it hasn't been spent, this is good.

This!

So don't only check BTC-24 coldwallet, also check your deposit addresses! There are tons of BTC still sitting there....!!

Mine are still in my deposit address....

[MegaBrutal]

Where?

In his latest Reddit post.

Let's quote it here, just in case:

All money send to the BZWBK (Poland) bank account and which are still send to this account, can not be stopped. The Bank account in Poland is noch closed, it is just blocked! So all arriving payments will not send automatically back.

The Comerzbank (German bank account) is closed in 2 Month. We are not able, to send funds anymore from this bank account, because we had a very low limit on this bank account and I can't get money out of it. My lawyer is in contact with the bank on monday.

First of all, we must find the reason for all this, what happen. All we know is, that the German government asked for help from the Poland government, to close the Bank account in Poland. Some people are asking now: Why is not the Commerzbank still closed? The reason is, that it is not so easy in Germany to close an bank account within some minutes like it is in poland.

WHY does the German government closed our bank accounts and WHY do they give us no information, before they are doing this? WHY must we hear from the Polish government, what happening atm?

• 1 Lawyer, 1 from the Government and 2 students in Poland are helping us to get the Polish Bank account back. I am sure, that we will get the bank account back, maybe also this week! So we are able to do all payouts which are open.
• Asking the Commerzbank for more information, why they also closed our bank account, wich reason did they have to do this?
• Our lawyer is trying to get the Commerzbank account back, because there is no reason, to close our bank account.
• Setting up the trading engine again

More informations tomorrow, after my lawyer gives me a feedback if it is safe to publish that, what I am writing. It is not easy atm for me to give a statement, before it was double checked.

Source:
http://www.reddit.com/r/Bitcoin/comments/1c7utl/bitcoin24com_the_polish_authority_closed_your_our/c9evqfb

[Amitabh S]

My money is still sitting at the deposit address - so it hasn't been spent, this is good.

This!

So don't only check BTC-24 coldwallet, also check your deposit addresses! There are tons of BTC still sitting there....!!

Mine are still in my deposit address....

I can confirm the btc are still on my deposit address.

[hackstutz]

i checked my deposit adress.

my last desposit 04/11 evening is still there. earlier deposits where moved to 1AnixjBYxpTzAmfSa8kRdBiUaSGV2e9d26
this is the cold wallet right?

i think the whole trade engine mess ist not the big problem. maybe simon did not loose any cent because the hot wallet is empty most of the time and i guess he noticed the mess before he refunded it.
i am more worried about the blocked account. it might take a long time if there was need that lawyers are involved. and i start to think about how to actually withdraw fiat money (never did that before). as i read in this thread started by simon, there were several incidents in the past with closed accounts. also they state, some customer accounts where closed by their banks after ther withdrew money from some exchange...

https://bitcointalk.org/index.php?topic=98434.0
(german)

anyone here ever had problems with their bank after a fiat money withdrawal?

[simplydt]

It doesn't sound good. When it was a trading engine problem only, I was confident. Because it is now a legal issue with the banks I am afraid our money is going to be lost :S Of course, who is the beneficiary in this? Banks... they will run away with our money!

[bitbadger]

This is pretty much what I suspected.

It doesn't mean any euro deposits are lost from the bank accounts, it should all be safe.

But the questions that remain are

1. How long will the deposits remain inaccessible?

2. When will the exchange come back online?   Partly this depends on 1.

and

3.  What about the incorrect trades that occurred?

 

[simplydt]

@bitbadger

I think the incorrect trades that occured have all been successfully rolled back a long time ago. It's not that hard if he was keeping an appropiate log which it seems he was doing.

[arlekyn13]

I'm not worried that our money will be forever trapped in a bank account. Surely that will be solved. I'm worried about our bitcoin deposits because the trading bug might've generated enough losses for the website so that Simon won't be able to cover them from his own pocket. I also see no updates on the steps he took to fix the trading engine. If the website opens again, I will gladly keep using it as long as the bug would be fixed.

[GreekGeek]

My money is still sitting at the deposit address - so it hasn't been spent, this is good.

This!

So don't only check BTC-24 coldwallet, also check your deposit addresses! There are tons of BTC still sitting there....!!

Mine are still in my deposit address....

my coins are still on a deposit address too  (didn't have the opportunity to trade on btc24) 
I think we will be the first to get our bitcoins back

[realme]

TAiS46 5 points 2 hours ago

All money send to the BZWBK (Poland) bank account and which are still send to this account, can not be stopped. The Bank account in Poland is noch closed, it is just blocked! So all arriving payments will not send automatically back.

The Comerzbank (German bank account) is closed in 2 Month. We are not able, to send funds anymore from this bank account, because we had a very low limit on this bank account and I can't get money out of it. My lawyer is in contact with the bank on monday.

First of all, we must find the reason for all this, what happen. All we know is, that the German government asked for help from the Poland government, to close the Bank account in Poland. Some people are asking now: Why is not the Commerzbank still closed? The reason is, that it is not so easy in Germany to close an bank account within some minutes like it is in poland.

WHY does the German government closed our bank accounts and WHY do they give us no information, before they are doing this? WHY must we hear from the Polish government, what happening atm?

    1 Lawyer, 1 from the Government and 2 students in Poland are helping us to get the Polish Bank account back. I am sure, that we will get the bank account back, maybe also this week! So we are able to do all payouts which are open.
    Asking the Commerzbank for more information, why they also closed our bank account, wich reason did they have to do this?
    Our lawyer is trying to get the Commerzbank account back, because there is no reason, to close our bank account.
    Setting up the trading engine again

More informations tomorrow, after my lawyer gives me a feedback if it is safe to publish that, what I am writing. It is not easy atm for me to give a statement, before it was double checked.
http://www.reddit.com/r/Bitcoin/comments/1c7utl/bitcoin24com_the_polish_authority_closed_your_our/c9evqfb

It seems to be a big problem for Simon to make his businesses legal!
In Germany you can't do financial service (businesses ) without  authorisation from Bafin (Federal Financial Supervisory Authority) http://www.bafin.de/EN/Homepage/homepage_node.html

I guess, our money will not get lost, but I doubt that Simon will solve the legal issues quick! Simon seems to be a good guy, but he is also very young and naive (https://bitcointalk.org/index.php?topic=98434.0) in that kind of businesses and laws!
The problem is not about matching engine I guess...

[xylop]

As you know the exchange is basically free and living from donations. Donations that are needed to pay for customer support, technical support and legal support for example.  

Have you given any donations that can actually pay a bill or two?

didn't know he run on donations. He could have advertized that more maybe.
Used the "same day" transfers , so he got share that way. Also am willing to lose another percent or so from my 5k if that's what it takes.

I don't understand these "eek I'm afraid I will not see my money again" comments.Please stop it. It's annoying and pathetic.
Some people give up surprisingly easily it seems.

[realme]

I don't understand these "eek I'm afraid I will not see my money again" comments.Please stop it. It's annoying and pathetic.

Yes!
It seems, if we want help, we should find the reason about the action of the German government! And how to solve...

In the German forum Simon was wondering last year, why mtgox wants that customers do verification.
btc24EUR had 33,113,295.34 Trade Volume in last 30 days!
http://bitcoincharts.com/markets/btc24EUR_trades.html

The German government sure, wants to know something about, if there is money laundering...

[Xendrios]

I don't understand these "eek I'm afraid I will not see my money again" comments.Please stop it. It's annoying and pathetic.

Yes!
It seems, if we want help, we should find the reason about the action of the German government! And how to solve...

In the German forum Simon was wondering last year, why mtgox wants that customers do verification.
btc24EUR had 33,113,295.34 Trade Volume in last 30 days!
http://bitcoincharts.com/markets/btc24EUR_trades.html

The German government sure, wants to know something about, if there is money laundering...

I don't think the german authority has any jurisdiction over an english company... Let alone jurisdiction over the bank account in poland of an english company. IF the germans had any issues with money laundering they should have contacted the English authorities.

[realme]

I don't think the german authority has any jurisdiction over an english company... Let alone jurisdiction over the bank account in poland of an english company. IF the germans had any issues with money laundering they should have contacted the English authorities.

Maybe...
But Simon wrote: ". All we know is, that the German government asked for help from the Poland government, to close the Bank account in Poland. "

[Beutelschneider]

Yes!
It seems, if we want help, we should find the reason about the action of the German government! And how to solve...

In the German forum Simon was wondering last year, why mtgox wants that customers do verification.
btc24EUR had 33,113,295.34 Trade Volume in last 30 days!
http://bitcoincharts.com/markets/btc24EUR_trades.html

The German government sure, wants to know something about, if there is money laundering...

Be sure EVERY Bank has to inform authorities if millions of € going over your personal account within a month!

I don't think the german authority has any jurisdiction over an english company... Let alone jurisdiction over the bank account in poland of an english company. IF the germans had any issues with money laundering they should have contacted the English authorities.

German authorities have power over his german back account, thats enough!

At this point, no one of us has to take legal actions 'cause police and tax authorities are already on his ass! He might be already in custody, and someone is posting with his nick predefined statements!

Think i'm gonna have a talk with a lawyer who is a retired bank manager 

[mrvision]

Simon might be waiting for his lawer to give him the 'ok' to communicate with us as i have read in his reddit lasts post.