Experiences with CoinsMarkets.com?

[lolchina]

I really thought that they will comeback but now i am starting to lose faith,yeah i get it that moving process inst easy but lack of any kind of communication except 4 messages on thier site for 2 months isnt really filling me  with confidence...

[Electra01]

I am not involved in any way in Coinsmarkets' (or Coinhouse, Cryptobridge etc.) management  or their current predicament . I run a legitimate cryptocurrency. If it helps, Coinsmarkets sent me PMs in April 11, 2017 on Bitcointalk saying that they added Electra to their exchange (despite never applying to them) which was the only time we communicated. Since that time, I have shared them as an available exchange on my thread and never made statements about their reliability or safety level. I do hope they will be back because Electra as well as other cryptocurrency users have suffered greatly from CM’s actions.

[CloverFieldAce]

After combing through as much of the past couple weeks of posting that I could I bring a couple perspectives to this discussion that I hope can create speculation on the supposed speculations.

And yes, this discussion obligated me to create an account on this site because observing all of this has me in shock yet at an understanding in the psychological responses occurring. So, please bare with me here...

Speculation 1 (and what appears to be the most prominent in recent posts) "ECA and a supposed direct involvement/connection with CM":

I've been seeing people wonder about the site dropping at the same time. As someone who has holdings in many different coins I can safely say that if the exchange i use to primarily trade my highest holding of coin were to go down, one of the first places I may look is that coin's website to see if they posted any news or updates regarding the exchange crash. If ECA was pumping a large amount to the point that the exchange crashed, it's safe to say a large user load that crashed CM would most certainly crash ECA's website from traffic visiting concurrently with the CM crash. (i.e. the ECA servers probably weren't able to handle that much traffic. Look at when it crashed during the WP release)

Those accusations seem clouded in what could be many things:
-False investigative reports to slander a coin for the sake of personal gains/wiping out a coin to better the stance of another coin
-Taking advantage of the hysteria by influencing people to jump on a wagon where it's easier to point blame than to be patient (propoganda 101. Look at the last US election and how political clickbait sites were rampant more than ever before, profiting off of emotions using completely false headlines that got shared via facebook and other social media)
-Similar other types of smear tactics used with other coins, FUDsters, nay-sayers, trolls, etc.

Let's also understand that (i believe someone said "youll be sorry when CM comes back online") many people will point the finger on the internet and once a resolve is reached they have the 50-50 chance of either being right or being wrong. And in any event they dont have to deal with the consequences of their statements because, well, it's the internet. So unless you're someone with a track record in a web community that now has to save face, new accounts (and yes, especially this one I'm posting with) should not be taken as seriously. When people start posting other people's info and/or DOXXing them, you are playing a very dangerous game with other people's lives, guilty or not. Never will anyone here be judge, jury, and executioner unless you're just some sociopath on the internet and lets be real, dont be a dick. That's like...the most dickish thing to do when it's not your job to do it.

Case and point: from what I've seen on this speculation, there are a lot of people working to recover everyone's funds, ECA included. While some may be reimbursing others for their losses, that's a giant expense that many established companies wouldnt even consider. Hell, some have even overlooked recalls until it got pushed to a class-action lawsuit in the US. (Look it up, that stuff is crazy)


Speculation 2 (and very much the most paranoid post) CM is a scam (definitely bare with me for this one):

So with this point being dropped more recently for what honestly seems like a witch hunt, it appears that people are overlooking a lot of informative posts that have been set aside for the previous speculation point I made (a supposed direct link between ECA and CM). The false address, the link to some old man that may or may not be able to help recover money, the "active" code that exists and the ability to contact a couple of the CM servers says to me that this may SEEM like a scam. However, let's also take a step back and look at all of the bloodletting that is occurring across crypto. Scams are rampant and it's very easy to point a finger saying "scam" just as it is to have one pointing back at you saying "FUD". If I've learned one thing about the human psyche during this entire birth and growth of crypto it is that there are a lot of people pointing fingers that also, somehow, have their hands over their ears saying "blah blah blah i cant hear you" similar to so many times in the history of mankind. (Let's take a second to remember who Hitler was and how people supported his cause based on "what he said and was going to do") Millions of deaths later... you do the math.

Sure, the symptoms for this to be a scam are very much real. It's just as much of a possibility at this point as it isnt one; 50-50 imho. However, have you gone on WebMD ever in your life and looked up the symptoms for a headache? Yup, it's gotta be a brain tumor. No, more often than not it's a headache and you're just being paranoid/self-diagnosing when you don't have the -professional training- to do so. There are people in the world whose job it is to find these answers and figure out what the hell is going on and what can be done. With crypto being where it is, right now, a lot of those people are new and getting flooded with absurd amounts of information to try and filter the scams/frauds/regulations/policies. It's a lot of data to process let alone links to connect. So for every "Joe Everyman" you see pointing a finger, be a skeptic. Not only to what they're saying is a scam but who they are as well. Remember: There's a skeptic in all of us (I'm looking at you person that mentioned x-files).


Speculation 3 "Not pulling coins from the exchange to a personal wallet isn't the individual investor's mistake":

Okay, this is a tough pill to swallow for people. I do wish that those who got into CM just before the crash my condolences. It may not have happened to me but I've had life kick me in the balls before just because of bad timing in the universe that I happened to be there for.

Yet, this is a major lesson that varies in value based on what you want to value it as. I don't care if Albert Einstein, himself, rose from the dead and said to me "You must keep your coins on the exchange!". I would pull it off as soon as I had the chance. That is crypto-investing 101. Don't care who said to not take it off, that's just the smart thing to do. For those saying that coinhouse was limiting transaction amounts and "oh they wouldnt let me take my coins", stop it. I traded with Coinhouse all around that time and sending to wallets worked fine for me.


To conclude, as a neutral party to CM (I've never had a CM account or even knew about it's existence until a month or so ago) this is getting very carried away. People, we all need to breath. I have friends with various coins on CM that are just as weary as all of you. However, raising pitchforks and torches wont solve anything when you're irresponsibly pointing fingers in every direction. This is the type of mindset that has not only gotten innocent people injured/killed in history but it has also started wars between countries. The CM team is, and I agree with this constantly stated point, not cut out for hosting/running an exchange site. I'm sure it's a bunch of kids that thought "Hey this could be a great way to make money! Look at all those other exchanges making bank off of transaction fees!" Anyone with even a decent understanding of making money knows that it's better to create a machine that can pay you eternally than to take a lump sum in a way that could, indefinitely, get you in serious trouble. It might be a scam, but I hope to christ that these people aren't that stupid.

Also, trying to strong arm people through text on the internet is a cop out of you not knowing what you're talking about. I can easily type a clean looking statement that looks official by filling it with technical jargon. You know, it's what people did before they "photoshopped" images. It's called lying. So to those of you that post credible sources and information that show what direction things are going in, thank you. You rock! To the others that are running around on all fours, hitting shit with a stick and thinking you're big for it, just stop. You're guna hurt yourself. To everyone else: stay skeptical. This -is- the new wild west. Shit is getting crazy and not everyone is cut out for it. Look at when businesses start out in the US: The government actually WARNS you that the failure rate of new businesses is 95% but they still let you try. Shit is relative.

Patience is very much a virtue but it comes at a great cost. I wish you all well and I really hope that this issue ends with everyone getting most of, if not all, of their investments back with no blood being spilled in the process.

The ECA holders seem unaware of any criticisms about the coin...

FUCK YOU DigIt123. For someone that doesn't have a dog in this fight you sure had a lot to say. Neutral party my ass, who hired you to spread all that fud? Was it those cocksuckers from coinsmarkets? You can take all your Hitler shit, x-files crap, and tough pill to swallow BS and shove it up your ass. All the FUD in the world will never make us forget about our stolen money so FUCK OFF ASSHOLE!

[mattcwu]

I am not involved in any way in Coinsmarkets' (or Coinhouse, Cryptobridge etc.) management  or their current predicament . I run a legitimate cryptocurrency. If it helps, Coinsmarkets sent me PMs in April 11, 2017 on Bitcointalk saying that they added Electra to their exchange (despite never applying to them) which was the only time we communicated. Since that time, I have shared them as an available exchange on my thread and never made statements about their reliability or safety level. I do hope they will be back because Electra as well as other cryptocurrency users have suffered greatly from CM’s actions.

Good to hear that "Mr. Electra" doesn't (and never did) defend the reliability of CM.

[dorabelle]

so what is our next move? Has anyone started to talk to lawyers?

[justwantedtoplus1]

After combing through as much of the past couple weeks of posting that I could I bring a couple perspectives to this discussion that I hope can create speculation on the supposed speculations.

And yes, this discussion obligated me to create an account on this site because observing all of this has me in shock yet at an understanding in the psychological responses occurring. So, please bare with me here...

Speculation 1 (and what appears to be the most prominent in recent posts) "ECA and a supposed direct involvement/connection with CM":

I've been seeing people wonder about the site dropping at the same time. As someone who has holdings in many different coins I can safely say that if the exchange i use to primarily trade my highest holding of coin were to go down, one of the first places I may look is that coin's website to see if they posted any news or updates regarding the exchange crash. If ECA was pumping a large amount to the point that the exchange crashed, it's safe to say a large user load that crashed CM would most certainly crash ECA's website from traffic visiting concurrently with the CM crash. (i.e. the ECA servers probably weren't able to handle that much traffic. Look at when it crashed during the WP release)

Those accusations seem clouded in what could be many things:
-False investigative reports to slander a coin for the sake of personal gains/wiping out a coin to better the stance of another coin
-Taking advantage of the hysteria by influencing people to jump on a wagon where it's easier to point blame than to be patient (propoganda 101. Look at the last US election and how political clickbait sites were rampant more than ever before, profiting off of emotions using completely false headlines that got shared via facebook and other social media)
-Similar other types of smear tactics used with other coins, FUDsters, nay-sayers, trolls, etc.

Let's also understand that (i believe someone said "youll be sorry when CM comes back online") many people will point the finger on the internet and once a resolve is reached they have the 50-50 chance of either being right or being wrong. And in any event they dont have to deal with the consequences of their statements because, well, it's the internet. So unless you're someone with a track record in a web community that now has to save face, new accounts (and yes, especially this one I'm posting with) should not be taken as seriously. When people start posting other people's info and/or DOXXing them, you are playing a very dangerous game with other people's lives, guilty or not. Never will anyone here be judge, jury, and executioner unless you're just some sociopath on the internet and lets be real, dont be a dick. That's like...the most dickish thing to do when it's not your job to do it.

Case and point: from what I've seen on this speculation, there are a lot of people working to recover everyone's funds, ECA included. While some may be reimbursing others for their losses, that's a giant expense that many established companies wouldnt even consider. Hell, some have even overlooked recalls until it got pushed to a class-action lawsuit in the US. (Look it up, that stuff is crazy)


Speculation 2 (and very much the most paranoid post) CM is a scam (definitely bare with me for this one):

So with this point being dropped more recently for what honestly seems like a witch hunt, it appears that people are overlooking a lot of informative posts that have been set aside for the previous speculation point I made (a supposed direct link between ECA and CM). The false address, the link to some old man that may or may not be able to help recover money, the "active" code that exists and the ability to contact a couple of the CM servers says to me that this may SEEM like a scam. However, let's also take a step back and look at all of the bloodletting that is occurring across crypto. Scams are rampant and it's very easy to point a finger saying "scam" just as it is to have one pointing back at you saying "FUD". If I've learned one thing about the human psyche during this entire birth and growth of crypto it is that there are a lot of people pointing fingers that also, somehow, have their hands over their ears saying "blah blah blah i cant hear you" similar to so many times in the history of mankind. (Let's take a second to remember who Hitler was and how people supported his cause based on "what he said and was going to do") Millions of deaths later... you do the math.

Sure, the symptoms for this to be a scam are very much real. It's just as much of a possibility at this point as it isnt one; 50-50 imho. However, have you gone on WebMD ever in your life and looked up the symptoms for a headache? Yup, it's gotta be a brain tumor. No, more often than not it's a headache and you're just being paranoid/self-diagnosing when you don't have the -professional training- to do so. There are people in the world whose job it is to find these answers and figure out what the hell is going on and what can be done. With crypto being where it is, right now, a lot of those people are new and getting flooded with absurd amounts of information to try and filter the scams/frauds/regulations/policies. It's a lot of data to process let alone links to connect. So for every "Joe Everyman" you see pointing a finger, be a skeptic. Not only to what they're saying is a scam but who they are as well. Remember: There's a skeptic in all of us (I'm looking at you person that mentioned x-files).


Speculation 3 "Not pulling coins from the exchange to a personal wallet isn't the individual investor's mistake":

Okay, this is a tough pill to swallow for people. I do wish that those who got into CM just before the crash my condolences. It may not have happened to me but I've had life kick me in the balls before just because of bad timing in the universe that I happened to be there for.

Yet, this is a major lesson that varies in value based on what you want to value it as. I don't care if Albert Einstein, himself, rose from the dead and said to me "You must keep your coins on the exchange!". I would pull it off as soon as I had the chance. That is crypto-investing 101. Don't care who said to not take it off, that's just the smart thing to do. For those saying that coinhouse was limiting transaction amounts and "oh they wouldnt let me take my coins", stop it. I traded with Coinhouse all around that time and sending to wallets worked fine for me.


To conclude, as a neutral party to CM (I've never had a CM account or even knew about it's existence until a month or so ago) this is getting very carried away. People, we all need to breath. I have friends with various coins on CM that are just as weary as all of you. However, raising pitchforks and torches wont solve anything when you're irresponsibly pointing fingers in every direction. This is the type of mindset that has not only gotten innocent people injured/killed in history but it has also started wars between countries. The CM team is, and I agree with this constantly stated point, not cut out for hosting/running an exchange site. I'm sure it's a bunch of kids that thought "Hey this could be a great way to make money! Look at all those other exchanges making bank off of transaction fees!" Anyone with even a decent understanding of making money knows that it's better to create a machine that can pay you eternally than to take a lump sum in a way that could, indefinitely, get you in serious trouble. It might be a scam, but I hope to christ that these people aren't that stupid.

Also, trying to strong arm people through text on the internet is a cop out of you not knowing what you're talking about. I can easily type a clean looking statement that looks official by filling it with technical jargon. You know, it's what people did before they "photoshopped" images. It's called lying. So to those of you that post credible sources and information that show what direction things are going in, thank you. You rock! To the others that are running around on all fours, hitting shit with a stick and thinking you're big for it, just stop. You're guna hurt yourself. To everyone else: stay skeptical. This -is- the new wild west. Shit is getting crazy and not everyone is cut out for it. Look at when businesses start out in the US: The government actually WARNS you that the failure rate of new businesses is 95% but they still let you try. Shit is relative.

Patience is very much a virtue but it comes at a great cost. I wish you all well and I really hope that this issue ends with everyone getting most of, if not all, of their investments back with no blood being spilled in the process.

The ECA holders seem unaware of any criticisms about the coin...

FUCK YOU DigIt123. For someone that doesn't have a dog in this fight you sure had a lot to say. Neutral party my ass, who hired you to spread all that fud? Was it those cocksuckers from coinsmarkets? You can take all your Hitler shit, x-files crap, and tough pill to swallow BS and shove it up your ass. All the FUD in the world will never make us forget about our stolen money so FUCK OFF ASSHOLE!

+1 on this I have thousands and thousands of dollars in coinsmarket go take your BS somewhere else or post something useful

[qf3l3k]

guys I deposited some eca to cm tonight, It added normally to it, the balances that you see on cm when you login, that`s not worthless numbers, they are real It added to my balance .....
don`t worry and do not listen to some people that like to say everything is scam !!

ALL COINS ARE SAFE

So, where is txhash for you transaction? hello mr. full of s**t?
You making false claims all the time.

I repeat again, provide txhash for you transaction instead of made up screenshots.

[qf3l3k]

Also, if there is issue with database, how database has information about transactions if it's offline

DB is not offline and it wasn't offline since CM went down. Just learn a thing or two before posting nonsense.

Sure, I will be happy to learn how fixing live database works
I guess it's the best method commit transactions to database while fixing it
Modern approach

Also, interesting that website shows all wallets offline
Thats how database knows about transactions.. from thin air

We have established a month ago that CM has 5 servers, right now 3 of them are down and only one server is connected to wallets. The domains http://coinsmarkets.org or http://mail.coinsmarkets.com are pointing to 185.66.140.234. https://coinsmarkets.com is pointing to five servers, one of them is 185.66.140.234 which is connected to wallets, the other one is with message about "hosting resoved" but not connected to wallets and 3 others which are offline (cloudflare error 522).

Yes, fixing a database while it is still connected to the wallets and a buggy website with security holes (ip whitelisting by an old link) is extremly stupid. But we already knew that CM devs are incompetent fools who don't know what are they doing.

P.S. As for what is left to fix, I don't know. I don't believe that CM has been honest with us about what is really going on with their website. All I can see that they are doing something. Last sign of life from the developers was 4 days ago, when they shut down 3 servers.

P.P.S. Another example of their stupidity is the fact they didn't bring down the trading engine when the servers went down on 3rd of january when they first noticed that they had issues with their DB. As a result we have those ninja trades from 5th and 6th of january which could potentially corrupt DB even more.

First thing they did was withdraw.php removal, so nobody can withdraw money.
Why would you do that?

Isn't normal thing to disable logons while fixing database and site?

Can you provide some evidence of your claim that CM is honest?
From their actions I (and most of people, I think) can see exactly opposite.

The fact that there are some servers behind cloudflare.. well.. they don't care about it. Why to even bother to shut them down?
In my opinion these servers are just rebooting themselves occasionally and some of them are dead.

Do you have any theory about domain registration?
Why owner details now changed from some fake Netherlands address to Japan, I guess?
Is current assigned to domain registration reminds you something? If not use google. Will help you identify previous cases with that suppose to be "domain owner".


PS. I didn't loose that much money on CM, so I'm laughing at situation, how naive people are thinking CM is not scam and they will come back.  and some posting fake screenshots with some suppose to be recent transfers. Can't even comment on that. However, that shows level of people who threw lot of money there. Easy to play around this type of individuals, it seems.

[qf3l3k]

Speculation 2 (and very much the most paranoid post) CM is a scam (definitely bare with me for this one):

So, if someone disables ability to withdraw your coins (which CM did in first place) you have doubts it's a scam or not, right?
Let me ask you this... let's say your bank allows you to login, see statement on the account, but you can't transfer or use your money.

I assume you just say "well... it's 50/50 scam, so I wait patiently for few months, maybe years and then see" hahahaha

Do you see similarities between situation with bank I just described and CM? If not I can be more descriptive
You need some pictures maybe? hahaha

[blasterspewpew]

First thing they did was withdraw.php removal, so nobody can withdraw money.
Why would you do that?

Isn't normal thing to disable logons while fixing database and site?

Can you provide some evidence of your claim that CM is honest?
From their actions I (and most of people, I think) can see exactly opposite.

The fact that there are some servers behind cloudflare.. well.. they don't care about it. Why to even bother to shut them down?
In my opinion these servers are just rebooting themselves occasionally and some of them are dead.

Do you have any theory about domain registration?
Why owner details now changed from some fake Netherlands address to Japan, I guess?
Is current assigned to domain registration reminds you something? If not use google. Will help you identify previous cases with that suppose to be "domain owner".


PS. I didn't loose that much money on CM, so I'm laughing at situation, how naive people are thinking CM is not scam and they will come back.  and some posting fake screenshots with some suppose to be recent transfers. Can't even comment on that. However, that shows level of people who threw lot of money there. Easy to play around this type of individuals, it seems.

>Why remove withdraw.php
To disable withdrawal of the coins. IF database is corrupted, and there were evidence of that it was, then in some cases users might have incorrect amount of coins recorded in the database. Last time I was able to login (almost three weeks ago), I had a negative buy order for amount of -0.0005 BTC. Where did it came from I have no idea, but it affected my total BTC balance. Some people in trollbox reported that they had more coins that they supposed to.

Their website is a piece of shit written by amateurs. It's not like they can easily disable user logging in or withdrawal of coins by switching a toggle in admin panel. It is clear that their website just doesn't have those basic functions. That's why they have physically removed the file from server and shut down mail server, but people still were able to login because of cookies. Hell it took them 2 days to disable trading...

>Can you provide some evidence of your claim that CM is honest?
I never said that they were honest. In opposite, I've always said that they are NOT being honest about the extent of issues with their website and what they are actually doing right now.

>In my opinion these servers are just rebooting themselves occasionally and some of them are dead.
I can assure you that is not the case. I've been monitoring their servers and wallets from the beginning of this mess. And at this point I'm pretty sure that they are reading this thread too. Pretty much every security vulnerability that has been made public in this thread is fixed. (For example the info.php scripts physically removed from the servers after those got published here, etc)

>Do you have any theory about domain registration?
It's a common practice to use fake information for domain registration. I myself in past registered a domain for pre-school group under Michael Jackson's name and adress as a joke.
When Gandi set domain status to clientonHold and TransferProhibited, I guess CM just negotiated release of the domain and transfered it to another registrar using fake contact details. For Gandi holding on to that domain was pointless and only attracting complaints, so they were happy to get rid of it. And new registrar seems to not give a flying fuck about complaints sent to them. They could've registered domain to Satoshi Nakamoto with the same result.

[duep]

The fact that there are some servers behind cloudflare.. well.. they don't care about it. Why to even bother to shut them down?
In my opinion these servers are just rebooting themselves occasionally and some of them are dead.

Do you have any theory about domain registration?
Why owner details now changed from some fake Netherlands address to Japan, I guess?
Is current assigned to domain registration reminds you something? If not use google. Will help you identify previous cases with that suppose to be "domain owner".

For the domain registration, I think they transferred from Gandi because they got kicked for providing the fake contact information.

The new one would then be an anonymous registrar service in Japan who uses this specific person as contact information for all their domains.

That's what I gathered from earlier "news" on the site and discussion here anyway, and it seems to make sense. Haven't look into it in a lot of detail because this * is hardly coming back regardless.

You are correct that the servers are just left on their own and maybe occasionally boot. They are the same as 2 months ago and nothing is changing. Waiting for anything to come up now is just stupid.

So I agree it is a scam, or whatever extreme incompetence and perverted people behind it.

[borderline]

the wallet on cm are really online sometimes...
this is my wallet for velox coin.. it's pos coin and sometimes the stake work

https://chainz.cryptoid.info/vlx/address.dws?VG5JDdQSQuAnwDyjKNMsyGrJLjjCvViuiN.htm

[x2maconaers]

So what should we do I had big portion of my saving is locked in the website . Is it stolen?!
What should we do now?

[borderline]

CM message:

Due to long process of DB fixing management decided to enable withdraw for each coin fixed , first coin will be eletra should be by this week , other coins will follow later, trade will be kept disabled . until we fully fix the DB .You are free to keep your coin in our exchange or withdraw them .


please someone try to withdraw and report here

[Lucky7btc]

CM message:

Due to long process of DB fixing management decided to enable withdraw for each coin fixed , first coin will be eletra should be by this week , other coins will follow later, trade will be kept disabled . until we fully fix the DB .You are free to keep your coin in our exchange or withdraw them .


please someone try to withdraw and report here

THIS IS BULLSHIT!!!! LATER FOR OTHER COINS MAYBE MONTHS!!!!!!!

[praetor_delius]

CM message:

Due to long process of DB fixing management decided to enable withdraw for each coin fixed , first coin will be eletra should be by this week , other coins will follow later, trade will be kept disabled . until we fully fix the DB .You are free to keep your coin in our exchange or withdraw them .


please someone try to withdraw and report here

Only people who would be able to withdraw are people with electra, and that's sometime by this upcoming week. I don't know why it isn't btc/ltc/doge but god damn these kids are incompetent.

[kaltun]

guys,

maybe they are real in trouble with their DB ??


check the site now , you can withdraw your coins from them .....

Due to long process of DB fixing management decided to enable withdraw for each coin fixed , first coin will be eletra should be by this week , other coins will follow later, trade will be kept disabled . until we fully fix the DB .You are free to keep your coin in our exchange or withdraw them .

[kabit9]

who are all these idiots/sockpuppets saying to check the site now, it works and that you can or can't withdraw....?! i can't even login, it keeps saying the same shitty msg "An email was sent to your email, please click on it " but no email arrives.

[stfN2128]

who are all these idiots/sockpuppets saying to check the site now, it works and that you can or can't withdraw....?! i can't even login, it keeps saying the same shitty msg "An email was sent to your email, please click on it " but no email arrives.

Same here... new password sending also doesn`t work

[Lucky7btc]

We aren't getting our coins back. This is bullshit to only allow electra withdrawals and nothing else. ECA and CM are one in the same.