BTC-e hacked ??

[NorrisK]

I guess I'm glad I rode it out and decided not to take the 45% cut two weeks ago.

I think they did a good job given the circumstances!

[1714172667]

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[duniek]

I have about 520-530$ before

now i have abotu 300$ and 2xx in usd token


 how can i buy btc/eth/ltc by usdtoken

[1Referee]

If you don't sell your tokens you will get 100% of their value back (assuming the site doesn't go belly up before then).

So if you're willing to wait, you'll be at 100%.

Only people with small amounts are likely to cash out their tokens at current lower levels. If it's thousands of dollars that you will be gaining by just having patience, you'll see that these people will patiently wait for their time to come. I strongly believe that the token market is heavily being bought up by BTC-E in order to not pay out in full eventually. At some point when they bought up the far majority of all the tokens in existence at far lower levels, they will happily act like they are keeping their word by buying back the remaining tokens. It's a 'game' that you should look through, and not let yourself get distracted from your end goal. The only thing people depend on, as you also pointed out, is that they remain operational.

[MAbtc]

If you _really_ trust them, you can buy a bunch of BTC on any other site, transfer it to wex and buy tokens for it, effectively doubling your BTC. But it does feel like quite the gamble though.

This is crypto. I'd much rather take a gamble on various altcoins with decent charts and fundamentals, for a shot at a 10x-20x whale trade. Given everything that's happened, half-price doesn't seem like nearly good enough of a deal. Even if you assume that they will remain operational for the foreseeable future, even the site admins themselves (on the forums after the takedown) said that the tokens would likely take 1-2 years to redeem. That's a lifetime in crypto.

[European Central Bank]

I think you will find there are more people in the world concerned about the "toxic heritage" of US government departments, like the DoJ and the FBI, with there unsubstantiated smear campaigns which you have obviously fallen for.

I for one don't believe the exaggerated claims of stolen Gox funds and money laundering for a minute. The fact that the DoJ press release started with the words "Russian national" instead of some facts, clearly demonstrated the whole exercise was political, probably arranged by the Democrats or Neocons.

anyone who doesn't believe btc-e wasn't the first port of call for coin thieves and hackers is a certifiable moron. after mixing it was still the most sensible place to go.

which also means that many coins on there are the spoils of crime.

[ytkingo]

Btce answering to "verification" question.

DNS = Donetsk Republic (in the Ukraine)
torus = TOR

[romani245]

I think you will find there are more people in the world concerned about the "toxic heritage" of US government departments, like the DoJ and the FBI, with there unsubstantiated smear campaigns which you have obviously fallen for.

I for one don't believe the exaggerated claims of stolen Gox funds and money laundering for a minute. The fact that the DoJ press release started with the words "Russian national" instead of some facts, clearly demonstrated the whole exercise was political, probably arranged by the Democrats or Neocons.

anyone who doesn't believe btc-e wasn't the first port of call for coin thieves and hackers is a certifiable moron. after mixing it was still the most sensible place to go.

which also means that many coins on there are the spoils of crime.

Well, there were several other choices at the time, too. Back in 2011-2012, none of the exchanges were enforcing much KYC, if any at all. The security firm working on the Gox case published a flow chart of the stolen coins; half of them were sent elsewhere. I remember it wasn't until late 2013 that Bitstamp started enforcing verification at all.

I'm not sure that proceeds of that size could be mixed, considering how little of supply actually ever sat on the exchanges. It would simply be impossible to garner high enough volume to remove the taint. So yes, BTC-e would have been the first choice because of its emphasis on anonymity (even the owners are anonymous!)--deposit/withdraw with nothing but an email address, username and password.

[stingray454]

This is crypto. I'd much rather take a gamble on various altcoins with decent charts and fundamentals, for a shot at a 10x-20x whale trade. Given everything that's happened, half-price doesn't seem like nearly good enough of a deal. Even if you assume that they will remain operational for the foreseeable future, even the site admins themselves (on the forums after the takedown) said that the tokens would likely take 1-2 years to redeem. That's a lifetime in crypto.

Yeah it's too much of a gamble for me too. I have crypto outside wex now, but it feels like a 50/50 shot between losing it all or doubling it by doing that, don't really want to put ALL my eggs in one quite uncertain basket

[Tigggger]

Well I didn't think they would come back, so kudos to them for doing so.

They always had the bulk of the LTC trading where I was most active, but in their absence I moved my trading to Poloniex.

I had intended to return but they appear for the moment to have lost the volume but most of all the 0.001 withdrawal fee on btc I used to put up with, I am no longer prepared to do so. I'm paying 0.2% on every trade and they are just gouging on that withdrawal fee as they send multiple transactions for a fraction of the amount that they charge to just one person, plus the fees are too low to confirm quickly.  By contrast Polo only charge 0.0001 and it always confirms quickly.

So welcome back and goodbye, cashed out my BTC and will let the tokens ride.

[E_1337]

I forgot my password so I asked for a password rest :

To your mailbox will be sent an email with further instructions.

But then nothing happend where normally they would instantly sent one, anyone else having this problem atm?

[isyet]

Bullshit 99% ppl used BTC-e because it was fast, reliable and trustworthy!

Also 99% where not smugglers, thieves but just miners and investors which used it to trade

Yeah , and 99% used mega upload to share linux versions.
Why would people use btc-e when nobody really knew who the owners are where are the servers or by who it is run.

Because they didn't ask for papers.
Or because they enjoyed the trollbox in which case they really deserve what is happening.

What's the point of using bitcoins If I was to be asked for papers? Fuck this shit. I ain't doin that.

The only exchange I used the most till now was btc-e.com I used them for trading and I used them to mix my coins because I like to keep my addresses tidy and clean. No papers, everything was automated. Only 1 transaction, 1 input. If anybody asks, they came from btc-e And there is nothing wrong with using them as a mixer. If mixing coins is illegal, USA should start with the mixing companies.

I expected something to happen though. I have fine instincts. Dodged mt.gox because I was too new to crypto, dodged cryptsy too because they had a shitty engine and they just collapsed a few months after I stopped using them. Been holding my coins in my desktop wallet almost since 2015 because people started make complaints on my favorite exchange, btc-e.com That was another sign. I too was seeing btc-e as the most reliable exchange ever existed. Everything was automated and I never had to contact the customer service.

But those complaints were clear signs to stay away. So I moved my coins there only to make trades and withdrew them as soon as I made it. Just to dodge this 3rd bullet. I guess It worked.

My strategy:

1-Always keep coins in a desktop wallet If I am thinking to make trades
2-Always keep coins in a paper wallet If willing to do no trades in the future
3-Never keep coins in an exchange more than a couple of days. Make the trade, withdraw.
*4-* Golden rule: Never ever do any FIAT trades. It chains you to the exchange. You won't be able to get away when you need to. Buy FIAT only when you really mean it.

Thank you, I will practice it.

[Electrolytez]

I forgot my password so I asked for a password rest :

To your mailbox will be sent an email with further instructions.

But then nothing happend where normally they would instantly sent one, anyone else having this problem atm?

No issue here. Have you checked your spam folder/alt. tabs?

[E_1337]

I forgot my password so I asked for a password rest :

To your mailbox will be sent an email with further instructions.

But then nothing happend where normally they would instantly sent one, anyone else having this problem atm?

No issue here. Have you checked your spam folder/alt. tabs?

Yes I checked all of that also checked if I had the site blocked. When BTC-e got online again it still worked but now I have not gotten a email.  Same goes for my other account as well, what should I do now?

[gnurta]

I have about 520-530$ before

now i have abotu 300$ and 2xx in usd token


 how can i buy btc/eth/ltc by usdtoken

You can convert usd token into usd in token trading but the conversion rate is not very good atm. Should wait for a few months to get a beter rate.

[ahmedjadoon]

Why bitcoin is priced 8% higher than it's actual value on BTC-e? Is it likely to get better or should I go ahead convert my fiat?

[deisik]

Why bitcoin is priced 8% higher than it's actual value on BTC-e? Is it likely to get better or should I go ahead convert my fiat?

I guess it is kinda risk premium

No one knows what will happen next to Btc-e (now WEX), so people who risk to send their money there expect to get higher rates than elsewhere. Otherwise, they would simply use some other exchange (say, Bitfinex) and stay away from Btc-e altogether. Further, it may also have something to do with the valuation of BTC-e recovery tokens since the exchange is vitally interested in people selling their tokens at low prices thus diminishing the total amount of debt outstanding

[stingray454]

Buyback time of tokens 1-2 years according to latest update.. That's about two eternities in crypto time :/.

[BitHodler]

Buyback time of tokens 1-2 years according to latest update.. That's about two eternities in crypto time :/.

Why else do you think the token prices are trading deeply under their issuing value? People aren't willing to keep waiting for such a long period of time, and for that reason are liquidating them at current levels.

If you think logically, the money for WEX to buy back these tokens doesn't grow on trees, and thus it needs time to generate as much income through their trading fees as possible.

That being said, I am quite sure that WEX is already buying up tokens at current levels, and will continue doing so in the coming monts ~ the lower the market rate, the sooner WEX will end up clearing its debt without paying the full price.

[superresistant]

Buyback time of tokens 1-2 years according to latest update.. That's about two eternities in crypto time :/.

It took 8 months only for bitfinex to buy back 100% of tokens.
https://www.bitfinex.com/posts/198

[stingray454]

Buyback time of tokens 1-2 years according to latest update.. That's about two eternities in crypto time :/.

It took 8 months only for bitfinex to buy back 100% of tokens.
https://www.bitfinex.com/posts/198

Yeah my guess is that it will take less than 1-2 years for wex as well. It will ofc depend on the usage of the site, if all the users flee and the volume is really low it's going to take a long time, if it regains its popularity it will go a lot faster. My personal guess is < 1 year, but we'll see.

It's still tempting to transfer funds there and buy USDET/BTCET for example. If they are alive long enough to repay debts, you're getting double your cash. Not a bad deal to be honest, but at the moment I'm not going to risk it.