BTC-e hacked ??

[kekadam]

So say I had 1000 NMC. What does this mean? I get 450 back? And some other kind of tokens as well??? As far as I'm aware the NMC wallets weren't touched... Pretty silly to socialize EVERYTHING when the markets are a gamble to begin with. I could understand socializing specific markets' payouts but only depending on what was left of those funds.

you will have ( POSSIBLE )

1000*0,45= 450 NMC

and

1000*1.98USD= 1980USD*0,45= 891 BTE coin.

[YesLOST]

So say I had 1000 NMC. What does this mean? I get 450 back? And some other kind of tokens as well??? As far as I'm aware the NMC wallets weren't touched... Pretty silly to socialize EVERYTHING when the markets are a gamble to begin with. I could understand socializing specific markets' payouts but only depending on what was left of those funds.

Yes right, it would be fair to give coin owners 100% and fiat owner 0%.

[BTC_Roe]

You will be getting 55% of the coins, it states they take 45% OFF not that you get 45%. That is also in line with the comment that they recouped 55%

Open questions for the 55% are for me still:

What day did they take for the rate calculation? e.g. today you can see in the ETH wallet 50 million USD more than 2 weeks ago.
Is Bitcoin Cash indeed incorporated in this calculation.

What seems odd to me is the following. we know there was a fine of roughly 110 Million, say that is frozen/payed for completely. That should then be the total loss and equal the 45%. if the losses are 45% that means they 110/45%*100%= 244Million USD should be the total amount that BTC-e had before the seize.

What do they have (USD):
- 143 million Ether (wallet 0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6)
- 6 million LTC https://chainz.cryptoid.info/ltc/address.dws?LMiB7oeBTMdwZg8VKjcCiguseodYYaixLP.htm
- 6 million PPC https://chainz.cryptoid.info/ppc/address.dws?PJoTa6ScCbtP23aJfDUg88do79t14FWUXW.htm
- 13 million small coins (i saw some wallets coming by, i think they all were like 4-5million per coin.
- 100 million BTC (There should have been at least the same amount in Bitcoin as in in Ether so to be on the save side put it at 100 million)
- 10 million BTC Cash (10% of BTC)
- Lost 110 million fine
That totals 388 million at least. so it can't be 45% loss in that case. (110/388=28% loss)

If i only take the ether in account 143 million Ether (wallet 0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6) then it would add up. (143M + 110M Fine) but that would mean that all other coins are gone and that is not what BTC-e is stating (primarily fiat lossed)

So...
a) they are counting with old rates (that would be positive for the end % because the 55% would go up)
b) Someone took/froze/stole a lot more than the 110 Million Fine.

Your thoughts?

[Sukovsky]

So say I had 1000 NMC. What does this mean? I get 450 back? And some other kind of tokens as well??? As far as I'm aware the NMC wallets weren't touched... Pretty silly to socialize EVERYTHING when the markets are a gamble to begin with. I could understand socializing specific markets' payouts but only depending on what was left of those funds.

Yes right, it would be fair to give coin owners 100% and fiat owner 0%.

You think that would be fair? Some people, like me, switched between coin and fiat multiple times per hour. I just happened to be in 70% fiat for 5 minutes.

Also I think YesLOST would get 550 NMC and the 450NMC "worth" of BTC-e at dayrate of BTE token distribution.

Now the question how much value these tokens will hold, especially in the first few hours of the exchange getting back up. Will probably plummet as everyone tries to get out. I know I will be waiting to scoop them up at ass low prices. Then hodling those tokens while praying to the gods.

[Sukovsky]

You will be getting 55% of the coins, it states they take 45% OFF not that you get 45%. That is also in line with the comment that they recouped 55%

Open questions for the 55% are for me still:

What day did you take for the rates? e.g. today you can see in the ETH wallet 50 million USD more than 2 weeks ago.
Is Bitcoin Cash indeed incorporated in this calculation.
What seems odd to me is the following. we know there was a fine of roughly 110Million, say that is frozen. That should then be the total loss. if the losses are 45% that means they 110/45%*100%= 244Million USD

What do they have:
- 143 million Ether (wallet 0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6)
- 25 million small coins (i saw some wallets coming bye, i think they all were like 4-5million per coin.
- 100 million BTC (There should have been at least the same amount in Bitcoin as in in Ether so to be on the save side put it at 100 million)
- 10 million BTC Cash (10% of BTC)
That totals 278 million at least. so i can't be 45% loss in that case.

Even if i only take the ether in account 143 million Ether (wallet 0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6) then it would add up. (143M + 110M Fine) but that would mean that all other coins are gone.

So...
a) they are counting with old rates (that would be positive for the end % because the 55% would go up)
b) Someone took/froze/stole a lot more than the 110Million.

Your thoughts?

I think they are getting dirty fucking rich over this deal while giving their users enough of a bone to stfu

[stingray454]

Now the question how much value these tokens will hold, especially in the first few hours of the exchange getting back up. Will probably plummet as everyone tries to get out. I know I will be waiting to scoop them up at ass low prices. Then hodling those tokens while praying to the gods.

Did they state anywhere that these tokens are even tradeable? I'm guessing you will have X tokens tied to your account, and once they have earned enough cash back, you can withdraw them as USD or they open up so that you can pay with the tokens to buy other coins. I'm not sure you can trade them with other users at all.

[YesLOST]

So say I had 1000 NMC. What does this mean? I get 450 back? And some other kind of tokens as well??? As far as I'm aware the NMC wallets weren't touched... Pretty silly to socialize EVERYTHING when the markets are a gamble to begin with. I could understand socializing specific markets' payouts but only depending on what was left of those funds.

Yes right, it would be fair to give coin owners 100% and fiat owner 0%.

You think that would be fair?

Of course not.

[YesLOST]

One thing for sure, since update 5, bitcoin has fallen 3%. 

[donalddump]

The question is will you send your personal documents to people accused of identity theft?

How about if someone wants to withdraw crypto only?

No exchange asking for personal documents if someone only deposiit/withdraw crypto.

[YesLOST]

The question is will you send your personal documents to people accused of identity theft?

How about if someone wants to withdraw crypto only?

No exchange asking for personal documents if someone only deposiit/withdraw crypto.

They stated all users have to do verification.

Well, could be FBI operation after all, getting everybody to verify themselves. Would be really funny, if Vinnik was indeed owner and handed the btce logins for bitcointalk and twitter over to the FBI. And now they are planning the next coupe. 

[Darooghe]

exp on 2 stuation.
1 -- account have 3 BTC 2 ETH before seizing.
now it says 3*0.55=  1,65 BTC     2*0,55= 1,1ETH    and (3-1,65)*BTC DAILY EXCHANGE RATE USD= BTE coin (2-1,1)*ETH DAILY EXCHANGE RATE USD=BTE coin

I do not understand why do you use K=0.55 in your expression.
It should be 0.45, no?

2.4.2. If you have on the balance the amount in koin, then you will be written off 45% of the balance of coins and credited with 45% of BTE (1 BTE is 1 USD). At the exchange rate on the day of conversion.


you r right i think.. missunderstood, K must be 0.45 there. now it changed :

1 -- account have 3 BTC 2 ETH before seizing.

now it says 3*0.45 =  1,35 BTC     2*0,45= 0,9 ETH    and  [3*BTC DAILY EXCHANGE RATE USD+ 2*ETH DAILY EXCHANGE RATE USD]*0,45= BTE ( 1 usd 0 1 BTE )



you can withdraw cryptos but NOT BTE.

in this case how they can refund of %55 balance i dont know.


2--- account have 3000 usd fiat before seizing.

it will see 3000*0,45= 1350 BTE right away ( 1USD = 1 BTE ). and additional 3000*0,45= 1350 USD will be divided 7 different coins equally BTC, LTC, NMC, NVC, PPC, ETH, DSH  from DAILY EXCHANGE RATE USD.


you can withdraw cryptos but NOT BTE.

I want all of my money not %45, otherwise i will call Mafia for cutting their throat.

[aaron25177]

if you were already verified through xbtce, will you still have to verify again?

[donalddump]

The question is will you send your personal documents to people accused of identity theft?

How about if someone wants to withdraw crypto only?

No exchange asking for personal documents if someone only deposiit/withdraw crypto.

They stated all users have to do verification.

Well, could be FBI operation after all, getting everybody to verify themselves. Would be really funny, if Vinnik was indeed owner and handed the btce logins for bitcointalk and twitter over to the FBI. And now they are planning the next coupe. 

It's very strange.Their business have no future.Everybody will withdraw their coins.I can't see any reason for this strict  KYC, AML policies.

[yefi]

Good to see that they will likely repay users. A little surprised they lost so much due to fiat though. I'd have thought most value would be in their cold wallets which they presumably still hold control of.

They stated all users have to do verification.

There seems to be some confusion here if verification will apply to all withdrawals. My reading was that it would.

[Admired]

Can someone explain to me the whole BTE thing like I am 5 years old? So when I receive my 45% worth of BTE tokens can I trade them for BTC or ETH or fiat? Now I assume when people get their tokens the BTE price will crash to like .20c so essentially we will only get like 60-70% back if we sold our BTE tokens right away? By holding BTE tokens will you almost guarantee you will reclaim your 45% losses? But at the same time if you sell BTE for BTC for 20cents on the dollar right away, and btc matures considerably wouldn't you be better off in the long run?

I'm trying to make sense of everything as I had 22btc on btc-e and am really nervous about the BTE and how to handle the situation to get 100% back, but also100% back into BTC.

I am a newbie when it comes to this stuff and need some guidance how the whole token scheme works.

[BTC_Roe]

Can someone explain to me the whole BTE thing like I am 5 years old? So when I receive my 45% worth of BTE tokens can I trade them for BTC or ETH or fiat? Now I assume when people get their tokens the BTE price will crash to like .20c so essentially we will only get like 60-70% back if we sold our BTE tokens right away? By holding BTE tokens will you almost guarantee you will reclaim your 45% losses? But at the same time if you sell BTE for BTC for 20cents on the dollar right away, and btc matures considerably wouldn't you be better off in the long run?

I'm trying to make sense of everything as I had 22btc on btc-e and am really nervous about the BTE and how to handle the situation to get 100% back, but also100% back into BTC.

I am a newbie when it comes to this stuff and need some guidance how the whole token scheme works.

I think you understand it correctly. But;

• It is uncertain what pairs there will be to trade on and i doubt FIAT will come back.
• There is no guarantee that you will get 100% off your money back with the tokens.
• There is third option, say it is indeed 20 cents/dollar than you could buy those tokens and sell them if they are higher in price.

to give you an idea, the Bitfinex token price (same kind of deal)
https://coinmarketcap.com/assets/bfx/#charts

[Admired]

Can someone explain to me the whole BTE thing like I am 5 years old? So when I receive my 45% worth of BTE tokens can I trade them for BTC or ETH or fiat? Now I assume when people get their tokens the BTE price will crash to like .20c so essentially we will only get like 60-70% back if we sold our BTE tokens right away? By holding BTE tokens will you almost guarantee you will reclaim your 45% losses? But at the same time if you sell BTE for BTC for 20cents on the dollar right away, and btc matures considerably wouldn't you be better off in the long run?

I'm trying to make sense of everything as I had 22btc on btc-e and am really nervous about the BTE and how to handle the situation to get 100% back, but also100% back into BTC.

I am a newbie when it comes to this stuff and need some guidance how the whole token scheme works.

I think you understand it correctly. But;

• It is uncertain what pairs there will be to trade on and i doubt FIAT will come back.
• There is no guarantee that you will get 100% off your money back with the tokens.
• There is third option, say it is indeed 20 cents/dollar than you could buy those tokens and sell them if they are higher in price.

to give you an idea, the Bitfinex token price (same kind of deal)
https://coinmarketcap.com/assets/bfx/#charts

So the BTE token will be issued at 45% of the total value of said coin at the end of August and the BTE will be equivalent to 1USD? How was it that the Bitfinex BFX coin almost reached $1? After the initial selling off of the tokens how and why does the price begin to stabilize on the tokens?

So the way I read this statement

"If you have a balance in BTE, then you will be credited with 45% in koin (the amount will be divided into 7 different coins equally BTC, LTC, NMC, NVC, PPC, ETH, DSH) and write off the amount of 45% in BTE"

does this mean that given x amount of BTE issued at the start of the new exchange, if I were to "sell" say all my BTE tokens (Which would be a lot considering 45% of my original 22 btc) , I would be awarded 7 different coins? It seems like you are bound to lose a substantial amount regardless what route you take.

[BTC_Roe]

So the BTE token will be issued at 45% of the total value of said coin at the end of August and the BTE will be equivalent to 1USD? How was it that the Bitfinex BFX coin almost reached $1? After the initial selling off of the tokens how and why does the price begin to stabilize on the tokens?

BitFinex bought back the tokens, but primarily it was about trust that people started paying higher amounts of money for the tokens.

"If you have a balance in BTE, then you will be credited with 45% in koin (the amount will be divided into 7 different coins equally BTC, LTC, NMC, NVC, PPC, ETH, DSH) and write off the amount of 45% in BTE"

does this mean that given x amount of BTE issued at the start of the new exchange, if I were to "sell" say all my BTE tokens (Which would be a lot considering 45% of my original 22 btc) , I would be awarded 7 different coins? It seems like you are bound to lose a substantial amount regardless what route you take.

This is kind of vague indeed, my interpretation is that this is for all people in Fiat and not for the the people that had coins, that would give Fiat people he opportunity to withdraw, they couldn't if they were 100% in BTE.
(but i could be wrong about that.)

[TheKoziTwo]

You will be getting 55% of the coins, it states they take 45% OFF not that you get 45%. That is also in line with the comment that they recouped 55%

Open questions for the 55% are for me still:

What day did they take for the rate calculation? e.g. today you can see in the ETH wallet 50 million USD more than 2 weeks ago.
Is Bitcoin Cash indeed incorporated in this calculation.

What seems odd to me is the following. we know there was a fine of roughly 110 Million, say that is frozen/payed for completely. That should then be the total loss and equal the 45%. if the losses are 45% that means they 110/45%*100%= 244Million USD should be the total amount that BTC-e had before the seize.

No. That's not how this works. That's not how any of this works. USSA don't just seize "the fine", they seize everything they can get their filthy hands on.

So...
a) they are counting with old rates (that would be positive for the end % because the 55% would go up)
b) Someone took/froze/stole a lot more than the 110 Million Fine.

Your thoughts?

Nobody has paid any fine. It's likely far more fiat was seized though. Which technically is paying, through I'm sure they will still be demanded for $100m despite already having had their funds seized. As in: first steal all their money, then demand another $100m.

[TheKoziTwo]

Also let's show some appreciation to the fact that USSA failed in their mission to seize all funds. The only reason we get 55% back is because USA agents failed.

If there has been any doubt let me remind you all that USA is the world's biggest treat to freedom and liberty.