BTC-e hacked ??

[npsonic]

what? since when was btce ever hacked? i was a member since the 2013 rise and cant remember they were hacked before... anyway. staying up late as im in cash there and wanted to rebuy when the sercive comes back

BTC-E was hacked in 2012. Hackers gained access to their Liberty Reserve IPN and could inject unlimited fiat into the exchange. They bought up various crypto's and withdrew approx 4500 BTC.

https://web.archive.org/web/20121119200602/https://btc-e.com/news/81

https://i.imgur.com/zvntsEf.png

Bitcoins where a little bit cheaper back then.

[omarabid]

My funds were in USD. Does that mean I'm safe even if bitcoins were stolen?

That's unlikely though it would greatly depend on the scale of the hack (if there is any)

Approximately a year ago (on August, 2nd, to be precise) Bitfinex got hacked, and over 120,000 bitcoins had been stolen. The exchange socialized the losses among all exchange clients, i.e. the clients' funds were diminished appropriately, and they were given so called redemption tokens covering the loss, which could be traded for dollars and bitcoins. By now all these tokens have already been extinguished, which basically means that Bitfinex paid out their debt in full. On the other hand, when Bter got hacked for over 7,000 bitcoins in February, 2015, only Bitcoin holders were affected at the time. I had doges back then, and I successfully withdrew them all as soon as Bter became operational again in about two weeks after the hack

I personally have in the $100k range on btc-e . Luckilly I was mostly in fiat when the hack happened, so not missing any coins and think it has a higher chance of being returned than BTC. Although with Aug 1 coming up soon with price expected to rise heavily after, having them reimburse coins would probably be a way better deal.

Either way, I'm not sure I'll every see any of it again, and it sucks really bad. I had my coins in cold storage for 4 years, just moved them onto BTC-e this week to sell / try to buy in lower for aug 1. Very, very bad decision.

This is really your fault. Btce has been always a shady exchange. A catastrophe in the making. I do use it because they offer lots of USD withdrawal options and are lax with the rules but if I was selling to hedge my bitcoin value and I don't want to go with the identity verification I'll use bitfinex/kraken/bitmex. The latter is not an exchange but recently their quarterly future is solid enough for 20-40k.

[European Central Bank]

This is really your fault. Btce has been always a shady exchange. A catastrophe in the making. I do use it because they offer lots of USD withdrawal options and are lax with the rules but if I was selling to hedge my bitcoin value and I don't want to go with the identity verification I'll use bitfinex/kraken/bitmex. The latter is not an exchange but recently their quarterly future is solid enough for 20-40k.

despite all the doubts they've carried on trucking and they paid back everyone when they were hacked.

it's probably still gonna be going when most of the current ones have had that one final screw up.

[cryptomole]

I dont understand the mechanics, but was under the impression that xbtce shared the same backend and orderbooks with btc-e. There seem to be active trades on xbtce - the trollbox has also been up for short periods today. Can anyone enlighten me with this position?
I am concerned by the sparse nature of btc-e comms but understand they may have their hands a bit full at the moment and maybe have no new news.
Large movements of BTC off exchanges & large sell/trade outs I would expect given the timing. Also tumbling of coins doesnt necessarily indicate a hack or exit scam in itself. There could be other security or tax related reasons to tumble.
The significant movements all relate to bitcoin - I would in any case expect this - surely in context of hack or scam we would see significant movements in other coins.
Btc-e is respected as one of the best and most trustworthy exchanges in the world.
I am not giving up all hope at present...

[th3joker]

This is really your fault. Btce has been always a shady exchange. A catastrophe in the making. I do use it because they offer lots of USD withdrawal options and are lax with the rules but if I was selling to hedge my bitcoin value and I don't want to go with the identity verification I'll use bitfinex/kraken/bitmex. The latter is not an exchange but recently their quarterly future is solid enough for 20-40k.

That's only about 40 BTC so I very much doubt they would decide to exit based on that amount...

[th3joker]

Maybe an AI has taken over, next will be the banks and after that SkyNet launches the nukes.

[stingray454]

I dont understand the mechanics, but was under the impression that xbtce shared the same backend and orderbooks with btc-e. There seem to be active trades on xbtce - the trollbox has also been up for short periods today. Can anyone enlighten me with this position?

They shared a post earlier today that they had changed liquidity backend to another source while btc-e was down, so it has split from btc-e for the moment.

[Searing]

a rumor on another thread say they are down 66,000 btc

that would be ...well..interesting to say the least...

just tossing it out there ...as very unlikely to be true

so..just for the 'shudder factor'

[massimies]

a rumor on another thread say they are down 66,000 btc

that would be ...well..interesting to say the least...

just tossing it out there ...as very unlikely to be true

so..just for the 'shudder factor'

Coblee said he thinks that address belongs to Coinbase.

[stingray454]

This is really your fault. Btce has been always a shady exchange. A catastrophe in the making. I do use it because they offer lots of USD withdrawal options and are lax with the rules but if I was selling to hedge my bitcoin value and I don't want to go with the identity verification I'll use bitfinex/kraken/bitmex. The latter is not an exchange but recently their quarterly future is solid enough for 20-40k.

Well, while it has russian ties (racism much?), it is still one of the biggest exchanges that has had no major outages / hacks (well, some) / scams since the start. And the hacks that happened was quickly reimbursed to all users. I already did the identity verification there years ago, no issues at all with that either. So there was really no good reason to mistrust them, and I do believe they are making everything they can to get up and running again.. But if several million USD is stolen, who knows if they even can.

And yeah, it's definitely dangerous to move your coins out of cold storage and I knew the risks, I'm just bummed it gets hacked the moment I move funds outside of my wallet for severals years. My usual luck.

[sugarbaby]

http://www.livebitcoinnews.com/unscheduled-data-center-outage-keeps-btc-e-exchange-offline/

[cryptomole]

I dont understand the mechanics, but was under the impression that xbtce shared the same backend and orderbooks with btc-e. There seem to be active trades on xbtce - the trollbox has also been up for short periods today. Can anyone enlighten me with this position?

They shared a post earlier today that they had changed liquidity backend to another source while btc-e was down, so it has split from btc-e for the moment.

So surely this suggests they are still working on resolving the position?
The volatility & trade volume makes for huge revenues - I dont beleive they would choose this time to exit scam - I also dont beleive that this would ever be their agenda...

[Arksun]

I was willing to give them the benefit of the doubt yesterday, but the fact that it is STILL down today during normal week days is pretty worrying.

If they have any sense they will give a full and detailed public update on the exact issues as soon as possible.

[stingray454]

So surely this suggests they are still working on resolving the position?
The volatility & trade volume makes for huge revenues - I dont beleive they would choose this time to exit scam - I also dont beleive that this would ever be their agenda...

I'm sure it's not an exit scam. Last time I checked they were making over $150k / day on btc transaction fees, probably a lot more in total with all the handling of USD / other cryptos.. Not to mention they are steadily growing. I can't see why anyone would trade that legitimate business for a couple of million USD theft that might put them in jail, they would make way more just keeping the site up.

BUT, it certainly looks like they lost funds, and it can be tricky to get it up and running asap with thousands of users screaming for their coins / cash. We'll see how they will handle it.

[omarabid]

The fact that they are hiding their identities, have no established location/jurisdiction, are operating through russia to avoid the US police makes them untrustworthy from the get-go.

[miikehunt]

Well they've lost $150k already if that's true, I suspect the data center engineer is sweating... https://www.youtube.com/watch?v=2IQJY5SsJ64&t=22s

[European Central Bank]

http://nationalpost.com/g00/pmn/news-pmn/russian-wanted-in-us-caught-in-greece-for-money-laundering/wcm/03e483a4-1421-4840-9eb3-9e642a140415?i10c

this kind of fits. i hope it doesn't though.

[RealKariverson]

http://nationalpost.com/g00/pmn/news-pmn/russian-wanted-in-us-caught-in-greece-for-money-laundering/wcm/03e483a4-1421-4840-9eb3-9e642a140415?i10c

this kind of fits. i hope it doesn't though.

If BTC-E base is indeed Bulgaria, Thessaloniki is just a couple hours drive. I have 400$ in btce, I hope my country didn't screw me again.

[th3joker]

http://nationalpost.com/g00/pmn/news-pmn/russian-wanted-in-us-caught-in-greece-for-money-laundering/wcm/03e483a4-1421-4840-9eb3-9e642a140415?i10c

this kind of fits. i hope it doesn't though.

WOWSERS Let's hope it's just a coincidence!!

[European Central Bank]

If BTC-E base is indeed Bulgaria, Thessaloniki is just a couple hours drive. I have 400$ in btce, I hope my country didn't screw me again.

it must have tens of thousands of users who've done absolutely nothing wrong. if this is true and they gain control of it i wonder if they're gonna bother making everyone whole. it might be very hard to disentangle everything.