BTC-e hacked ??

[SVK]

Got the e-mail as well.
Might be worth to send a message on their Twatter account and ask.

[1714752762]

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[Thangz]

I wouldn't do anything until BTCE post on here or there twitter, as BTCE stated weeks ago there are fishing attempts out there and all the info from BTCE would be posted here.

[vipgelsi]

Best to wait for Official Announcement.

[richardsNY]

People should delete any emails they get, where they are asked to fill in a certain form or visit whatever site. It's pure stupidity for anyone to take these emails seriously -- don't let a bunch of phishing scammers get hold of your information just because you're desperate to get your funds back -- btc-e posted a message on this forum (in Russian) that people will be able to log in and view their balance through the btc-e.nz domain. At that point it will also be possible to change your password, etc, for security purposes.

[krizniq]

really hate their approach to give announcement in russian like they don't give a shit about rest of the world
https://twitter.com/btcecom/status/902932502481846273

[mayax]

BTC-e 30 Aug 2017 Update

The launch of the service will take place in 3 stages.

At the first stage , the old company (with which you have signed an offer contract) will prepare and transfer to the new company digital personal data of users, in full compliance with the European directives on personal data and in compliance with European legislation in this field.
Terms of transfer until 15.09.2017

In the second stage, the licensed financial investment company, assumes the task of restructuring the digital assets of the new company and registering digital data of users at home.

In the third stage, the licensed financial investment company will audit and register personal data in accordance with AML laws and KYC identification procedures.

In the future, this financial company will operate under its financial license both digital and monetary data.

In parallel with the legal issue of restructuring, users will be given the opportunity to check the integrity of the digital balance in the user's account, and users will be able to make changes in the security of the account. For chat and support, chat will be available.

For these purposes, the service will be launched on the old domain (btc-e.nz). You will be able to log in and check your balance before recounting.
Term before 02.09.2017

Since there is a risk of third-party access to account accounts and to protect users' digital balances, it is highly recommended that you update the security and identification settings. Instructions for these actions will be duplicated by a separate news item.

The helpdesk system will be operated by the licensed financial company after the start of the digital data transfer procedure. After starting the service from the financial company and in case you have difficulties with entering the account or there are inaccuracies in the balance, you can get help and answers through the ticket system.

The following information update will be released on 01/09/2017

If you have any questions we are ready to answer them.

How will the balances be recalculated?
This information will be published in the next updates.

What is the domain for the new service and what is the financial company?
This information will be published before September 15, 2017

In the third stage, the licensed financial investment company will audit and register personal data in accordance with AML laws and KYC identification procedures    

funny thing. Normally, a such audit will take months, maybe a year (depending of how many users they had). they must ask for notarized translated documents(they could be with apostille) and so on. it's a huge volume of work to identify a person according to the financial laws.

AML laws requires a financial company to know the source of the funds. how will you prove it? because you will have to in order to get your funds back.

Also, I am wondering what investment company will risk their license for the BTC-e shit

[MAbtc]

really hate their approach to give announcement in russian like they don't give a shit about rest of the world
https://twitter.com/btcecom/status/902932502481846273

Yeah, it's annoying. They said they would release an English FAQ at least, but I haven't seen it. According to them, only ~30% of their customer base was foreign (non-Russian/CIS). I guess that means even less than 30% are English-speaking (at least as their native language). I always felt that their support desk's English responses were just Google translated from Russian, so again, this is expected to some extent.

Still no final decision on balance calculations. I hope they at least use some average for conversion that takes into account prices on the date of closure. And I really hope they don't try to bring back fiat markets. Unfortunately, they had a lot of customers that used them strictly for fiat money transfer (mostly with BTC-e codes), that have been pressuring them for fiat services.

[erk]

It's a scam email, fishing for info etc, don't have anything to do with it.

It's just a re-post of their official announcement btc-e made on these forums a few hours ago.

What's the problem? (Other than that it suggests more delays before the exchange is active again)

really hate their approach to give announcement in russian like they don't give a shit about rest of the world
https://twitter.com/btcecom/status/902932502481846273

Gee, could that be because there is like 10 times the discussion on the Russian forum than there is here?
They are posting where the majority read.

[letsbereasonable]

What I don't understand is the 45% Token they are offering. I was all in ETH. Does that mean that if 45% of my ETH is worth $10k at current market rates, they are going to give me $10k in their token to spend on ETH or BTC or whatever? So I can just buy ETH again and be back where I was when they crashed? I would hope so...

[erk]

What I don't understand is the 45% Token they are offering. I was all in ETH. Does that mean that if 45% of my ETH is worth $10k at current market rates, they are going to give me $10k in their token to spend on ETH or BTC or whatever? So I can just buy ETH again and be back where I was when they crashed? I would hope so...

The tokens are just IOUs, they will trade on the exchange and no doubt some people will dump them to get whatever coins they can fast, spoiling the price for everyone else of course. I will hold onto my tokens until they redeem an appropriate price.

[BitHodler]

no doubt some people will dump them to get whatever coins they can fast, spoiling the price for everyone else of course. I will hold onto my tokens until they redeem an appropriate price.

People dumping their tokens is quite understandable since they want to get their funds back as soon as possible. I however doubt that people will dump the market significantly lower than its main 1:1 value.

If the market gets dumped down significantly at start, it will surely result in whales buying everything up, and from there pump that market to more appropriate levels.

Overall, I am quite satisfied with how things are progressing. We shouldn't forget that it wouldn't take any effort for BTC-E to completely disappear with people's funds. That's why I respect what they do now.

Another thing we must not forget, is that if the government managed to seize everything, the chances for people to see anything back would be very close to 0%.

[figmentofmyass]

It's a scam email, fishing for info etc, don't have anything to do with it.

It's just a re-post of their official announcement btc-e made on these forums a few hours ago.

What's the problem? (Other than that it suggests more delays before the exchange is active again)

"goodgroove.pl?" that looks legitimate to you? btc-e has told us that information will be published through their forum account and twitter. they mentioned nothing about this email or its instructions, and they warned against such phishing scams. it's pretty obviously a scam.

really hate their approach to give announcement in russian like they don't give a shit about rest of the world
https://twitter.com/btcecom/status/902932502481846273

Gee, could that be because there is like 10 times the discussion on the Russian forum than there is here?
They are posting where the majority read.

yup, the russian threads are 10x more active. maybe more. btc-e said 70% of its user base is russian-speaking, and they want feedback on their proposed solutions.

What I don't understand is the 45% Token they are offering. I was all in ETH. Does that mean that if 45% of my ETH is worth $10k at current market rates, they are going to give me $10k in their token to spend on ETH or BTC or whatever? So I can just buy ETH again and be back where I was when they crashed? I would hope so...

nothing is official yet. they are still deciding how to deal with balance recalculation. it sounds like what will likely happen is you will get 55% of your ETH back, and 45% back as an ETH-denominated token (which will supposedly be repaid in ETH). this doesn't seem like the best idea, since it breaks all the token liquidity into different markets. maybe they are hoping that token/BTC markets will develop just like altcoin/BTC markets.

[squatter]

The tokens are just IOUs, they will trade on the exchange and no doubt some people will dump them to get whatever coins they can fast, spoiling the price for everyone else of course. I will hold onto my tokens until they redeem an appropriate price.

With Bitfinex last year, I made the mistake of dumping my tokens early on so I could exit the exchange. I don't think it was necessarily a bad decision in hindsight, because nobody knew how viable the exchange was. At that time, I preferred to take my chances profiting from trading on other exchanges, rather than gambling on Bitfinex's survival.

This time around, I think I would withdraw the crypto that I could, and keep the tokens to trade them on the token markets. Maybe they'd be redeemed in the future, and maybe I'll grind out some profits in the meantime.

[stewart2012]

I am almost sure BTC-E owners just think to compensate their loss . their target is sell alot of worthless tokens to members and make money .

its same thing i experience personally with UINVEST site in 2014 . after liberty reserve gone they didnt close site and continued and they invented a currency that named UPAY . They claimed UPAY WILL BE A great currency in the nearst future but all who buy this shit currency just got big loss and Finally they hidden for always . just remained Hundreds of thousands losers  .

you guys if they relunch just withdraw all your coins and never use them another time .

[erk]

I am almost sure BTC-E owners just think to compensate their loss . their target is sell alot of worthless tokens to members and make money .

its same thing i experience personally with UINVEST site in 2014 . after liberty reserve gone they didnt close site and continued and they invented a currency that named UPAY . They claimed UPAY WILL BE A great currency in the nearst future but all who buy this shit currency just got big loss and Finally they hidden for always . just remained Hundreds of thousands losers  .

you guys if they relunch just withdraw all your coins and never use them another time .

You obviously didn't bother to read their announcements. The tokens are IOUs that will eventually be redeemed, hardly worthless.

Bitfinex did a similar thing with their BFX tokens which were finally all redeemed in April this year.

[MAbtc]

I am almost sure BTC-E owners just think to compensate their loss . their target is sell alot of worthless tokens to members and make money .

its same thing i experience personally with UINVEST site in 2014 . after liberty reserve gone they didnt close site and continued and they invented a currency that named UPAY . They claimed UPAY WILL BE A great currency in the nearst future but all who buy this shit currency just got big loss and Finally they hidden for always . just remained Hundreds of thousands losers  .

you guys if they relunch just withdraw all your coins and never use them another time .

You obviously didn't bother to read their announcements. The tokens are IOUs that will eventually be redeemed, hardly worthless.

Bitfinex did a similar thing with their BFX tokens which were finally all redeemed in April this year.

I think there are arguments to be made for both sides. On one hand, this is clearly still the wild west. Compare to Pokerstars/Full Tilt: their bank accounts were seized and they were immediately brought to heel. No such case here. It's not even clear whether the feds will be able to seize the money that is currently frozen by Mayzus Financial and associated companies. And yes, there is Bitfinex, who is clearly the inspiration for this token scheme.

On the other hand, this is much more serious than a hack. They were indicted by the feds. Trying to run an exchange under these circumstances? I believe there was mention of a 1-2 year timeframe to redeem all tokens (I could be mistaken and I definitely can't find the post now). The question then becomes, can they last longer than that, facing the long dick of the US law?

[erk]

Someone got hold of the BTC-e user email database.

At the moment 55% of funds are available, 45% of funds will be converted into tokens, which we will redeem from you. Tokens can be bought and sold on our stock exchange. On September 14 we will start making money transfers to your wallets. Before September 5, you must fill out a form that you can download from the attachement, and send it to btce@xxx.xxx.xxx
Passphrase: btc-e

Both my email addresses that  I used for btc-e verification got that same email in the past 24hrs. it contained a suspicious .zip enclosure which I didn't bother to open.

[illyiller]

Someone got hold of the BTC-e user email database.

At the moment 55% of funds are available, 45% of funds will be converted into tokens, which we will redeem from you. Tokens can be bought and sold on our stock exchange. On September 14 we will start making money transfers to your wallets. Before September 5, you must fill out a form that you can download from the attachement, and send it to btce@xxx.xxx.xxx
Passphrase: btc-e

Both my email addresses that  I used for btc-e verification got that same email in the past 24hrs. it contained a suspicious .zip enclosure which I didn't bother to open.

I'm not sure that there was a database compromise (at least recently). My last BTC-E account was created in August 2016. I've never used its email address anywhere else, for anything. I haven't received an email to that address since I last made a withdrawal in July. Checked my spam folder. Nothing.

There's definitely some scammy phishing emails going around. But if the leak was from their database, it's probably pretty old. Maybe from the leak that was publicized years ago.

Where else have you used those email addresses?

[Sukovsky]

My acc is from 2013 and I have not received such e-mails. Must be an old leak, but newer than 2013.

[SEELE^^01]

my account is too from 2013 and i did not get that scam mail.

i am so happy that btce is back