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Author Topic: BTC-e hacked ??  (Read 199684 times)
sbxchanger
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August 14, 2017, 02:52:42 PM
 #1801

Since their earlier posts BTC has risen. By more than 1000 usd. Why is it still only 55%?

Lol , You are also in profit If you are hold BTC in BTC-e , So be paitence and relaxe for next update . Hope Its working #soon #BTC-e

Regards
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Thangz
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August 14, 2017, 03:24:58 PM
 #1802

So lets make it easy math can someone tell me what the 55%/45% ratio would be if u had 10k fiat , and is there is diff if u had say 4 btc (appox value 10k when site went down with btc @ 2546) thanks
Minor Miner
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August 14, 2017, 03:26:22 PM
 #1803

Since their earlier posts BTC has risen. By more than 1000 usd. Why is it still only 55%?

Your point is correct.   If they had 100 Coins in accounts and $1000 in fiat and the government seized all the fiat and all the coins on the server (not that many as a percentage) and a week ago, they could replace 55% of all the fiat and coins, the value of the coins has gone up so much (meaning you have to sell less BTC to refund 55% of the fiat), that the percentage should be higher than 55% now.

Plus, since the coins were stored in cold wallets, what about the BCH?   That will help too (it is another 10%)

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August 14, 2017, 03:47:01 PM
 #1804

Update # 6 by BTC-e

Good news .

Quote
Update6! 08/14/2017
 
We have read feedback about our proposal to exit the situation and we decided to revise this decision in favor of community opinions.
 
We believe that this way out of the situation is more fair for holders of crypto-currency and fiat funds:
 
For each currency, a recalculation will be made taking into account the currently available assets. Currently 55% of funds are available, so 55% will remain in currency, and 45% will be converted to a specific currency token.
For tokens of all currencies, free trading on a separate page will be opened. You can trade them at any price, but no more than their face value. We pledge to redeem all the tokens. You can also sell your tokens to other users and get currency, or wait and exchange tokens at face value.
 
For example, you had 1 BTC. You will receive 0.55 BTC and 0.45 BTCT. 0.55 BTC you can output immediately. The remaining 0.45 BTCT you can either exchange for BTC at the market rate, or wait for their exchange at face value.
 
P.S. A warning! The cases of posting fake links on allegedly our new domain have become more frequent. All official information about our service is placed only in our twitter and from our official account on the forum.
 
Sincerely, BTC-e team



Better than nothing.
I suggest btc-t.com for new brand.
#soon BTC-E
PAMMtrader
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August 14, 2017, 03:55:16 PM
 #1805

So here is my situation:
I only traded through BTC-e's Metatrader Terminal. -> I never really held any coins.
At the time of the outage I had around 14k USD but was actually short BTC and ETH.

I assume I will get the 55% of 14k in whatever coins they can find and the other 45% in BTC-T(oken)?

That would be a hard joke if they came back: "...well, last thing we saw, you were short @2550. Price is 4500 now so... "F OFF"..."

Any ideas? Anyone in a similar position?
YesLOST
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August 14, 2017, 05:39:39 PM
 #1806

So lets make it easy math can someone tell me what the 55%/45% ratio would be if u had 10k fiat , and is there is diff if u had say 4 btc (appox value 10k when site went down with btc @ 2546) thanks

Currently, it looks that they open a new exchange and the fiat holders will get 55% fiat + 45% btce tokens. Nothing else. Then you can buy coins (if somebody is selling them, maybe at $10.000 per coin, haha) at the exchange and withdraw them.

Basically, fiat holders are fucked hard.
thedreamer
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August 14, 2017, 06:23:51 PM
 #1807

A few days before the refunding process is started there will be 'an issue' which will delay it till next month. More time to properly lose trace of the $$ and have OUR BTC gain more money for them.

Then they'll just go dark.

Go Big or Go Home.
YesLOST
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August 14, 2017, 06:33:27 PM
 #1808

Then they'll just go dark.

Keep dreaming  Cheesy
marky89
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August 14, 2017, 06:35:28 PM
 #1809

So lets make it easy math can someone tell me what the 55%/45% ratio would be if u had 10k fiat , and is there is diff if u had say 4 btc (appox value 10k when site went down with btc @ 2546) thanks

Currently, it looks that they open a new exchange and the fiat holders will get 55% fiat + 45% btce tokens. Nothing else. Then you can buy coins (if somebody is selling them, maybe at $10.000 per coin, haha) at the exchange and withdraw them.

Basically, fiat holders are fucked hard.

It's certainly not 100% clear yet, but it seems like that's the case. One consideration is that with multi-tiered verification, some whales may be effectively stuck and decide to provide liquidity rather than leave the stuck funds sitting.

I remember thinking the same thing at Bitfinex -- who would sell their coins there? But whether through the exchange manipulating, deals with whales, etc., maybe there is some similar outcome here (at least in the short to mid term). Given the ICO craze and the Bitfinex recovery, there are still a lot of "greater fools", so to speak.

 
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R2Pleasent
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August 14, 2017, 06:43:48 PM
 #1810

A few days before the refunding process is started there will be 'an issue' which will delay it till next month. More time to properly lose trace of the $$ and have OUR BTC gain more money for them.

Then they'll just go dark.

They don't need to run away.  The repayment plan undoubtedly leaves them with a good chunk of customer balances.  Some customers will never be able to complete KYC.  These guys have 100's of millions of dollars in crypto under their management.  Could even be over $1 billion at this point.  

They just need to set up the exchange rates favorably, skim a little off the top, and possibly just keep all the BCH, and they'll never have to worry about money again.  They could easily walk away with 10% of people's balances and still it would be hard to tell.  10% of let's say $500M, that's a lot of money.  That's not even including what they've earned through their own personal portfolios in the last few months.  

These guys don't need to run away.  Bitfinex has already completed the experiment for them.  They've seen how the crowds react when an exchange issues a token in exchange for balances.  Within a few months trading is totally back to normal.  The first day of trading, they can buy back their own "debt" for pennies on the dollar.

The exchanges hold all the cards.  That's just how it is.  That's why BTC-e doesn't want to just throw away their position,  Running a big and successful Bitcoin exchange with zero oversight is basically the equivalent of a money printing machine.  

Owner & Co-Founder @ CryptoFundingTracker.com
stingray454
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August 14, 2017, 06:46:06 PM
Last edit: August 14, 2017, 06:59:41 PM by stingray454
 #1811

So lets make it easy math can someone tell me what the 55%/45% ratio would be if u had 10k fiat , and is there is diff if u had say 4 btc (appox value 10k when site went down with btc @ 2546) thanks

Currently, it looks that they open a new exchange and the fiat holders will get 55% fiat + 45% btce tokens. Nothing else. Then you can buy coins (if somebody is selling them, maybe at $10.000 per coin, haha) at the exchange and withdraw them.

Basically, fiat holders are fucked hard.

If we get 55% fiat + tokens we're pretty well off as that means every dollar back (just missing the btc pump so we'll be able to buy a lot less coins if we buy back in), but it will be hard to trade the fiat for btc I recon. I think fiat holders will get 55% in random crapcoins, and the rest as tokens (ie no fiat). That means they are f**ked even harder.
YesLOST
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August 14, 2017, 08:10:52 PM
 #1812

So lets make it easy math can someone tell me what the 55%/45% ratio would be if u had 10k fiat , and is there is diff if u had say 4 btc (appox value 10k when site went down with btc @ 2546) thanks

Currently, it looks that they open a new exchange and the fiat holders will get 55% fiat + 45% btce tokens. Nothing else. Then you can buy coins (if somebody is selling them, maybe at $10.000 per coin, haha) at the exchange and withdraw them.

Basically, fiat holders are fucked hard.

If we get 55% fiat + tokens we're pretty well off as that means every dollar back (just missing the btc pump so we'll be able to buy a lot less coins if we buy back in), but it will be hard to trade the fiat for btc I recon. I think fiat holders will get 55% in random crapcoins, and the rest as tokens (ie no fiat). That means they are f**ked even harder.

From the looks of last update, they clearly say that everybody gets back their "currency balance" because of "fairness". Thus, 55% in fiat or 55% in coins.

We are not well off, if we get 55% in fiat. Because the only way out of the exchange will be in coins somebody needs to sell to us and who in his right mind is going to do that..., uhmm, maybe we are able to withdraw fiat. Well, lol, yeah probably they can manage fiat withdrawals, but I somehow doubt it  Undecided.
stingray454
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August 14, 2017, 08:26:34 PM
 #1813

From the looks of last update, they clearly say that everybody gets back their "currency balance" because of "fairness". Thus, 55% in fiat or 55% in coins.

We are not well off, if we get 55% in fiat. Because the only way out of the exchange will be in coins somebody needs to sell to us and who in his right mind is going to do that..., uhmm, maybe we are able to withdraw fiat. Well, lol, yeah probably they can manage fiat withdrawals, but I somehow doubt it  Undecided.

If that's the case, I'm guessing the best bet will be to buy up btce tokens for fiat, those will probably be cheap from people panicking to cash out. You could make a decent profit buying tokens and holding, assuming the feds won't take the new site down again. A bit of a gamble Smiley
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August 14, 2017, 08:48:22 PM
 #1814

Update # 6 by BTC-e

Good news .

Quote
Update6! 08/14/2017
 
We have read feedback about our proposal to exit the situation and we decided to revise this decision in favor of community opinions.
 
We believe that this way out of the situation is more fair for holders of crypto-currency and fiat funds:
 
For each currency, a recalculation will be made taking into account the currently available assets. Currently 55% of funds are available, so 55% will remain in currency, and 45% will be converted to a specific currency token.
For tokens of all currencies, free trading on a separate page will be opened. You can trade them at any price, but no more than their face value. We pledge to redeem all the tokens. You can also sell your tokens to other users and get currency, or wait and exchange tokens at face value.
 
For example, you had 1 BTC. You will receive 0.55 BTC and 0.45 BTCT. 0.55 BTC you can output immediately. The remaining 0.45 BTCT you can either exchange for BTC at the market rate, or wait for their exchange at face value.
 
P.S. A warning! The cases of posting fake links on allegedly our new domain have become more frequent. All official information about our service is placed only in our twitter and from our official account on the forum.
 
Sincerely, BTC-e team



Better than nothing.
I suggest btc[Suspicious link removed]m for new brand.
#soon BTC-E
i suggest FuckFBI.is
erk
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August 14, 2017, 08:59:42 PM
 #1815

What happened to the missing 45% of their funds? Is that just the fiat which is suspended on OKPAY or did something else go missing that I missed?
YesLOST
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August 14, 2017, 09:02:35 PM
 #1816

What happened to the missing 45% of their funds? Is that just the fiat which is suspended on OKPAY or did something else go missing that I missed?


Yes probably, we do not know exactly. It's all very vague. Also, could be some coin hot wallets.

At least one day we will know how much the FBI stole.
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August 14, 2017, 09:14:28 PM
 #1817

I don't want them to relaunch, I just want them to pay back whatever they have left. Let them just set up a temporary web portal, where people can just withdraw their digital assets, and then BTC-E can relaunch with whatever brand name they feel comfortable with. Only an outright idiot will ever make use of an exchange that is severely affiliated with BTC-E. They state that they are negotiating with not to be named investors to finanance the relaunch, lol. I am curious to find out more about how their verification process will be forced through.
erk
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August 14, 2017, 09:33:25 PM
 #1818

I don't want them to relaunch, I just want them to pay back whatever they have left. Let them just set up a temporary web portal, where people can just withdraw their digital assets, and then BTC-E can relaunch with whatever brand name they feel comfortable with. Only an outright idiot will ever make use of an exchange that is severely affiliated with BTC-E. They state that they are negotiating with not to be named investors to finanance the relaunch, lol. I am curious to find out more about how their verification process will be forced through.

BTC-e had a loyal following.

The US caused their problems.
Not trading $US wouldn't be good enough because the US will just invent some law to keep harassing them.
The obvious solution is to relaunch with some sort of id verification so they can refuse US customers altogether.
BTC-e can survive without US customers.

Walking around loaded with $US is like a pocket full of uranium, it gives you a nice warm feeling for a while but ultimately stuffs your gonads.
mayax
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August 14, 2017, 09:34:32 PM
 #1819

I don't want them to relaunch, I just want them to pay back whatever they have left. Let them just set up a temporary web portal, where people can just withdraw their digital assets, and then BTC-E can relaunch with whatever brand name they feel comfortable with. Only an outright idiot will ever make use of an exchange that is severely affiliated with BTC-E. They state that they are negotiating with not to be named investors to finanance the relaunch, lol. I am curious to find out more about how their verification process will be forced through.

there are SO many idiots... LOL    see how many are using Poloniex, Bitfinex and similar others even they lost funds with BTC-e . it's well known that these exchangers will be NEXT  Smiley

it's without words....
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August 14, 2017, 09:51:44 PM
 #1820

BTC-E is coming back to wipe all of your bitches ass.

I suggest Terminator skull for new LOGO
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