BTC-E.com exchange Bitcoin, Litecoin, Namecoin <-> USD\BTC (fee 0.2%)

[DeathAndTaxes]

Have you ever considered depositing the BTC-E code, buying coins (at any price) and then withdrawing the BTC?  It looks like the hacker only "faked" USD.  The BTC wasn't stolen or "faked" thus eventually the price will crash back to nearly nothing skyrocket to infinity* but you should still be able to cashout BTC.

* On edit: the price will keep rising as less and less real BTC remain and the huge pool of fake USD tries to reclaim any value.  It is kinda like a game of musical chairs.

Key point is that EVENTUALLY THE EXCHANGE WILL RUN OUT OF BTC.  So don't try to "protect" your $40 USD/BTC profits.  Get BTC YESTERDAY.  BTC withdraws seem to be processing so likely the attacker was constrained (BTC withdraw limits ?) leaving some BTC for legit users.  It won't last.  Eventually people will be bidding $100, $500, $20,000 fake haker USD for the last few BTC.

[ThiagoCMC]

Have you ever considered depositing the BTC-E code, buying coins (at any price) and then withdrawing the BTC?  It looks like the hacker only "faked" USD.  The BTC wasn't stolen or "faked" thus eventually the price will crash back to nearly nothing but you should still be able to cashout BTC.

Thanks for clarifying that to me D&T! I really appreciate it!

Best!
Thiago

[kiba]

Look like the beggers are taking advantage of situation and getting their stolen coins.

[segabtc]

WOW



MrWubbles: I stole the exchanges coin

disclaimer201: didnt get nothing...surprisingly!

MrWubbles: in their cold storage wallet

[dree12]

WOW



MrWubbles: I stole the exchanges coin

disclaimer201: didnt get nothing...surprisingly!

MrWubbles: in their cold storage wallet

Definitely false. We've already established that MrWubbles doesn't even have virtual access to BTC-E, let alone physical access.

[ajareselde]

is btc-e  bankrupt right now?  our all money and coins gone?

[segabtc]

dree

ahh ok this guys was claiming it was him and he was working with 3 or 4 other people doing this.

[silverbox]

is btc-e  bankrupt right now?  our all money and coins gone?

The coins are probably gone, they probably still have all their USD (+ a whole pile of fake USD).

[segabtc]

As of 1:06 am EST there was only 51 coins for sale. OUCH!!!!



Sell orders

Total BTC: 51.41072884

42 to 100 dollars a coin !!!!!!!

[mc_lovin]

I was trying to keep up with the conversation as it was taking place by taking screen captures:

http://www.bitcointrading.com/forum/index.php?topic=938.0

After that point, I just enabled Freez Screen Video Capture of the chat window, so if you are interested I can upload the 2-3 hour chat that took place after that part.

It was cool when support came in and started answering questions, I have it all recorded live.  

But it's only medium-interesting in the grand scheme of things.  I didn't read it though, I just set it to record and walked away.

[btc-e.com]

Dear users of the Exchange Btc-e.com

The exchange is not going to close. We will refund all losses from our reserves.

Neither the servers nor the database were compromised. There were no SQL injections.

At 04:07 MSK (GMT+4) our LR API Secret Key was compromised. It's 16 uppercase, lowercase letters and digits. They may have bruteforced it for long.

Using the key the hacker imitated LR deposits from many accounts and bought up Bitcoins, Namecoins and Litecoins.

We lost our daily volume, approx. 4500 BTC. The attacker couldn't withdraw more
as most BTC were distributed over several offline wallets.

At 10:30 we restored the database to the state it was at 04:00, right before the attack. All trades after 4:00 are reverted.

People who attempted withdrawals before 04:00 MSK will get their funds withdrawn later today.

For people who deposited BTC, LTC and NMC after 04:00 MSK the funds will be put to their balances before market opens.
We are working on the scripts for this.

If you deposited USD after 04:00 MSK you should send us your login, amount and payment system used by email or PM.

Our plan:

1. The trade will be disabled until we restore the balances to the point before market crash.

2. After that, the trade and deposit/withdrawal will be back on, approx. within 1-2 days.

Icq - 610112128
Skype - btc-e.support
E-mail - support@btc-e.com

[btc-e.com]

https://btc-e.com/news/82

Opening of trade!

Opened the deposit and withdrawal of USD
Opened a deposit bitcoin, litecoin, namecoin
Opened a withdrawal bitcoin, litecoin, namecoin
Open BitInstant

[Scott J]

https://btc-e.com/news/82

Opening of trade!

Opened the deposit and withdrawal of USD
Opened a deposit bitcoin, litecoin, namecoin
Opened a withdrawal bitcoin, litecoin, namecoin
Open BitInstant

Good work!

[rjk]

Is this a record speed of time from hack 'til normal operation again?

[BCB]

VERY IMPRESSED with BTC-E openness about the hack and their obviously pre-planned and well throught out recovery process.

A lesson to be learned here.  

[ThiagoCMC]

https://btc-e.com/news/82

Opening of trade!

Opened the deposit and withdrawal of USD
Opened a deposit bitcoin, litecoin, namecoin
Opened a withdrawal bitcoin, litecoin, namecoin
Open BitInstant

THIS IS FREAKING AWESOME!!! THANKS!!!

Give me your BTC or LTC  address, I'll send to you some coins... Nothing compared to your loss but...

Cheers!

-
 tcmc

[segabtc]

STUNNING work guys, never thought they would get this back up and trading again so soon. great work guys!!!!!

[btc-e.com]

Trade API

Description - https://btc-e.com/api/documentation

https://btc-e.com/news/83

[Vorksholk]

If there is one exchange I really trust it is this one--they handeled the most recent break-in extremely well, the fact that they store most assets in an offline account is great, and the fact that they absorbed the losses is very comforting.

[btc-e.com]

If there is one exchange I really trust it is this one--they handeled the most recent break-in extremely well, the fact that they store most assets in an offline account is great, and the fact that they absorbed the losses is very comforting.

Thank you