Bitcoin Forum
December 15, 2017, 04:40:17 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  

Warning: You are in the Gambling section. You are likely to eventually lose any money that you gamble/"invest". Additionally, moderators do not remove likely scams. You must use your own brain: caveat emptor. Do not gamble more than you can afford to lose.

Pages: « 1 ... 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 [129] 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 »
  Print  
Author Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds  (Read 254175 times)
PanicBot
Full Member
***
Offline Offline

Activity: 156


View Profile
June 22, 2014, 03:30:14 AM
 #2561

That makes sense.
1513312817
Hero Member
*
Offline Offline

Posts: 1513312817

View Profile Personal Message (Offline)

Ignore
1513312817
Reply with quote  #2

1513312817
Report to moderator
1513312817
Hero Member
*
Offline Offline

Posts: 1513312817

View Profile Personal Message (Offline)

Ignore
1513312817
Reply with quote  #2

1513312817
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513312817
Hero Member
*
Offline Offline

Posts: 1513312817

View Profile Personal Message (Offline)

Ignore
1513312817
Reply with quote  #2

1513312817
Report to moderator
1513312817
Hero Member
*
Offline Offline

Posts: 1513312817

View Profile Personal Message (Offline)

Ignore
1513312817
Reply with quote  #2

1513312817
Report to moderator
1513312817
Hero Member
*
Offline Offline

Posts: 1513312817

View Profile Personal Message (Offline)

Ignore
1513312817
Reply with quote  #2

1513312817
Report to moderator
s1m0n
Newbie
*
Offline Offline

Activity: 24

happy mining


View Profile WWW
June 22, 2014, 10:26:37 AM
 #2562

I have been carefully considering all of the suggestions posted in this thread and will be implementing a variation on what has been suggested. Details will be posted this week. For now, more refunds have been sent.
looking forward to some more details  Cool
riterrani
Member
**
Offline Offline

Activity: 79


View Profile WWW
June 22, 2014, 12:05:56 PM
 #2563

I have been carefully considering all of the suggestions posted in this thread and will be implementing a variation on what has been suggested. Details will be posted this week. For now, more refunds have been sent.

It is also clear that some users do not understand the refund process. The refund amount is not the total amount including earnings. It is the total amount originally deposited minus any withdrawals.


Awesome, is good to see some feedback!
Because I can understand if you were hacked, but I can't understand the no communication, is very frustrating

BTC Wallet: 18szf8NvVnVApGFpFexJ1sxrrAcjDaXNrL
LTC Wallet: Lh3BFZEBpnKCbEuuEGHYGzE6QdRp3MJgoP
QRK Wallet: QTchcQv2BZ3ruzrARQ1v77PFDYHN5LVFG6
IFC Wallet: iLiBLmm64jkCZRrUcCrfqcGhvbUZ1XtXZ9
FST Wallet: fjWje5E8xQJ9wBNcAhLohbi6uSYSjSKawv
FZ Wallet: FPrThJLaN8cjF6U99TUiyR7shBfgkeiUaK
MrMateria
Newbie
*
Offline Offline

Activity: 4


View Profile
June 22, 2014, 01:08:48 PM
 #2564

Does anyone know if the return btc address has to be blockchain? I used coinbase for mine. It shouldn't matter, but I'm just checking to make sure. Thanks. (still waiting for my refund)
chilly2k
Legendary
*
Online Online

Activity: 962


View Profile
June 22, 2014, 01:27:12 PM
 #2565

I have been carefully considering all of the suggestions posted in this thread and will be implementing a variation on what has been suggested. Details will be posted this week. For now, more refunds have been sent.

It is also clear that some users do not understand the refund process. The refund amount is not the total amount including earnings. It is the total amount originally deposited minus any withdrawals.


    This is great news.  Glad to see Mr BTC-Arbs taking steps to restore order in this mess.  I for one, would just like to see my claim acknowledged, and that we agree on the amount to be refunded.  It's nerve wracking not knowing it he received my email or PM, understood my ramblings and agrees with the amounts due. 
   How he decides to actually implement the payout process is secondary.  I still have faith in human nature that it will be fair on some level.  I only risked what I could lose, so it's not keeping me from putting food on the table or paying the rent.     

 
    On a side note.  I know for a fact that his site was hit by the heart bleed bug.  I had seven accounts on there (lots of kids).  Everyday I would log-on to each account after the interest for the day was posted.  Within an hour of my log-in someone made small withdrawal's from 3 of the accounts.  I noticed it the next day and implemented 2FA security.   (closing the door after the horse is out of the barn?)   Of the 3 accounts they all had pretty noticeable account names.  and the passwords were weak.  The others had more obscure names and passwords.  What I found strange was the accounts were not wiped out, just .02 -.04 withdrawals made. 

    Again glad to see progress being made.     

lesnod11
Full Member
***
Offline Offline

Activity: 182


View Profile
June 22, 2014, 03:33:23 PM
 #2566

I have been carefully considering all of the suggestions posted in this thread and will be implementing a variation on what has been suggested. Details will be posted this week. For now, more refunds have been sent.

It is also clear that some users do not understand the refund process. The refund amount is not the total amount including earnings. It is the total amount originally deposited minus any withdrawals.


    This is great news.  Glad to see Mr BTC-Arbs taking steps to restore order in this mess.  I for one, would just like to see my claim acknowledged, and that we agree on the amount to be refunded.  It's nerve wracking not knowing it he received my email or PM, understood my ramblings and agrees with the amounts due. 
   How he decides to actually implement the payout process is secondary.  I still have faith in human nature that it will be fair on some level.  I only risked what I could lose, so it's not keeping me from putting food on the table or paying the rent.     

 
    On a side note.  I know for a fact that his site was hit by the heart bleed bug.  I had seven accounts on there (lots of kids).  Everyday I would log-on to each account after the interest for the day was posted.  Within an hour of my log-in someone made small withdrawal's from 3 of the accounts.  I noticed it the next day and implemented 2FA security.   (closing the door after the horse is out of the barn?)   Of the 3 accounts they all had pretty noticeable account names.  and the passwords were weak.  The others had more obscure names and passwords.  What I found strange was the accounts were not wiped out, just .02 -.04 withdrawals made. 

    Again glad to see progress being made.     

That's far from evidence that it was heart bleed. Heart bleed was specific to openssl and therefore was not even a security breach for servers not running openssl. You have no idea what ssl he was running. To boot, Joe-blow hacker who gets into a site, is not going to take .02 - .04, especially if it was heart bleed since heart bleed had a fix it already for several months that just needed to be applied, he doesn't have the time to linger around everyday to take small amounts of money and try to go un-noticed.
chilly2k
Legendary
*
Online Online

Activity: 962


View Profile
June 22, 2014, 04:04:04 PM
 #2567


That's far from evidence that it was heart bleed. Heart bleed was specific to openssl and therefore was not even a security breach for servers not running openssl. You have no idea what ssl he was running. To boot, Joe-blow hacker who gets into a site, is not going to take .02 - .04, especially if it was heart bleed since heart bleed had a fix it already for several months that just needed to be applied, he doesn't have the time to linger around everyday to take small amounts of money and try to go un-noticed.

   That's true that I have no evidence, and have no idea whether or not he's using open SSL and what level he was at.  I don't even know if he's a male or female.  The only thing I do know is the heartbleed bug caused cached data to be available to non authorized users.  He's also eluded to the fact he was hit by it.  The fact that the breech of my accounts took place with a day of the announcement and also the fact that I logged into all of the accounts with in a very short time and the only accounts hit where the ones someone looking at raw data could easily figure out, leads me to believe it was that.  

    Again your absolutely correct that I don't know for sure.  The little with drawls bugs me too.   What would your theory be.  Given that in 1 hour 3 accounts were breached, and all had small withdrawals done.  This was a few days before the sale of the site (tongue in cheek).  Do you think someone just happened to figure out 3 userid/passwords?  do you think BTC-ARBS made the withdrawals?  At first I though either would be possible.   After I "somewhat" understood the HB Bug that seemed more plausible.    Again, I can only say what happened to me and my conclusions.  

Oh yea, There wasn't a lot in any of the accounts to begin with.  They may have had .1 BTC each.  Maybe that played into why they only took a small amount.   
            

lesnod11
Full Member
***
Offline Offline

Activity: 182


View Profile
June 22, 2014, 04:12:35 PM
 #2568


That's far from evidence that it was heart bleed. Heart bleed was specific to openssl and therefore was not even a security breach for servers not running openssl. You have no idea what ssl he was running. To boot, Joe-blow hacker who gets into a site, is not going to take .02 - .04, especially if it was heart bleed since heart bleed had a fix it already for several months that just needed to be applied, he doesn't have the time to linger around everyday to take small amounts of money and try to go un-noticed.

   That's true that I have no evidence, and have no idea whether or not he's using open SSL and what level he was at.  I don't even know if he's a male or female.  The only thing I do know is the heartbleed bug caused cached data to be available to non authorized users.  He's also eluded to the fact he was hit by it.  The fact that the breech of my accounts took place with a day of the announcement and also the fact that I logged into all of the accounts with in a very short time and the only accounts hit where the ones someone looking at raw data could easily figure out, leads me to believe it was that.  

    Again your absolutely correct that I don't know for sure.  The little with drawls bugs me too.   What would your theory be.  Given that in 1 hour 3 accounts were breached, and all had small withdrawals done.  This was a few days before the sale of the site (tongue in cheek).  Do you think someone just happened to figure out 3 userid/passwords?  do you think BTC-ARBS made the withdrawals?  At first I though either would be possible.   After I "somewhat" understood the HB Bug that seemed more plausible.    Again, I can only say what happened to me and my conclusions.  

Oh yea, There wasn't a lot in any of the accounts to begin with.  They may have had .1 BTC each.  Maybe that played into why they only took a small amount.   
            

No idea, there are too many unanswered questions already, I just wouldn't start throwing out absolutes at this point.
crypto1
Newbie
*
Offline Offline

Activity: 8


View Profile
June 22, 2014, 05:08:23 PM
 #2569

I have been carefully considering all of the suggestions posted in this thread and will be implementing a variation on what has been suggested. Details will be posted this week. For now, more refunds have been sent.

It is also clear that some users do not understand the refund process. The refund amount is not the total amount including earnings. It is the total amount originally deposited minus any withdrawals.


I thought that you didn't have any records of what people withdrew?  If you already have all the info, why does everyone have to send a request to withdraw their BTC with supporting blockchain info?



lesnod11
Full Member
***
Offline Offline

Activity: 182


View Profile
June 22, 2014, 05:55:39 PM
 #2570

I have been carefully considering all of the suggestions posted in this thread and will be implementing a variation on what has been suggested. Details will be posted this week. For now, more refunds have been sent.

It is also clear that some users do not understand the refund process. The refund amount is not the total amount including earnings. It is the total amount originally deposited minus any withdrawals.


I thought that you didn't have any records of what people withdrew?  If you already have all the info, why does everyone have to send a request to withdraw their BTC with supporting blockchain info?





My guess is that he is gathering information based upon statements in this board and PM's he has gotten that have eluded to people not understanding..... but than again, that's a guess.
brianbbad
Sr. Member
****
Offline Offline

Activity: 420


Destroy the humans! (and take their BTC)


View Profile
June 22, 2014, 05:57:12 PM
 #2571

I have been carefully considering all of the suggestions posted in this thread and will be implementing a variation on what has been suggested. Details will be posted this week. For now, more refunds have been sent.

It is also clear that some users do not understand the refund process. The refund amount is not the total amount including earnings. It is the total amount originally deposited minus any withdrawals.


I thought that you didn't have any records of what people withdrew?  If you already have all the info, why does everyone have to send a request to withdraw their BTC with supporting blockchain info?


I don't think he specifically said we needed to send transaction IDs, I think that was just suggested by other posts on here. This thread is super long though, so I may be wrong.
Btc-arbs admin, if you read this and need additional info from me, just let me know.

zimmah
Legendary
*
Offline Offline

Activity: 896



View Profile
June 22, 2014, 08:28:15 PM
 #2572

Does anyone know if the return btc address has to be blockchain? I used coinbase for mine. It shouldn't matter, but I'm just checking to make sure. Thanks. (still waiting for my refund)

a bitcoin address is a bitcoin address, it doesn't matter which wallet you use to access it.
PanicBot
Full Member
***
Offline Offline

Activity: 156


View Profile
June 22, 2014, 09:55:05 PM
 #2573

Curious, what was the deal with that buyout thing that happened?
tom14cat14
Hero Member
*****
Offline Offline

Activity: 490



View Profile
June 22, 2014, 09:58:50 PM
 #2574

Curious, what was the deal with that buyout thing that happened?

I am sure it was just a ploy to buy time.

Vilepickle
Member
**
Offline Offline

Activity: 76


View Profile
June 22, 2014, 10:19:41 PM
 #2575

Added my amount to be refunded to the spreadsheet in the main thread.  Quite a bit of coin for me so it will affect the amount not refunded yet.

BTC: 14PzAZCW1k8aA4FFFZ55LxizQqwBR969ee
pletharoe
Sr. Member
****
Offline Offline

Activity: 278


View Profile
June 23, 2014, 05:40:45 AM
 #2576

I've added my 72.7BTC.  From what I have seen this is the largest deposit he had so he shouldn't forget it.  I'm glad to see he's doing something about fixing the problem, even if it takes time.

For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money.  I'm a long term holder, so I can wait.
gise87
Member
**
Offline Offline

Activity: 103


View Profile
June 23, 2014, 08:02:40 AM
 #2577

I've added my 72.7BTC.  From what I have seen this is the largest deposit he had so he shouldn't forget it.  I'm glad to see he's doing something about fixing the problem, even if it takes time.

For the record - I don't mind waiting for my coins as the longer btc-arbs has them to trade with, the faster he is able to recoup everyone's money.  I'm a long term holder, so I can wait.

Wow, 72 Bitcoins. Why did you wait so long before posting here? I only had half a bitcoin in here but I still checked this thread every day, lol.

We maintain our own google docs spreadsheet to keep record of the refunds, I have added your details, could you please check and update them? The list is located at:

https://docs.google.com/spreadsheets/d/1lSUi0_1bqe0sv5XI4EvXWPcWI7fwnJbFQY-kMsYxp10
The list is -again- sorted to show the top amounts first, If you can't find your name on the list, please lookup your entry at the amount BTC owed.

I think it is indeed good to remind people that only the refund program does not cover any gains/interests, only the amount of bitcoins deposited minus the amount already withdrawn (if any)

With the addition of the 72 BTC of pletharoe and the 27 BTC of vilepickle, we are now closing in to 600 BTC total

Full automated trading bot 24/7: ZEBRA Altcoin Bot
pletharoe
Sr. Member
****
Offline Offline

Activity: 278


View Profile
June 23, 2014, 08:49:28 AM
 #2578

Thanks for keeping the spreadsheet up to date.  I emailed btcarbsrefunds@safe-mail.net at 06:14 on 23rd June.

I've only just posted because I gave up hope.  I've only recently re-checked the message board and found that there is hope!

Do we have any idea how many BTC they have to work with at the moment?  If we know that and know that historically they returned 1% per day, then it would be possible to estimate how long it will take to refund everyone.

I am happy to delay my refund so they have more funds to 'play' with in order to get other people's refunds sooner.
pletharoe
Sr. Member
****
Offline Offline

Activity: 278


View Profile
June 23, 2014, 09:14:32 AM
 #2579

I've been number crunching.

The average daily return was 1%.
It has been 25 days since the first refund (30th May)
Total refunded so far is 14.19BTC

So I reckon that the initial balance they have to work with is 11.065BTC.  Calculated as follows:

11.065*1.01^25 = 14.19
principal * (1+interest rate) ^ number of times compounded

People getting immediate refunds makes it take longer for everyone.  As gise87 says in his spreadsheet, at the current rate of return, it will take until mid January 2017.  That's 2.5 years!

If we allow them to keep the funds and compound the interest then:
11.065 * 1.01^396 = 569.14

So that's 396 days... just over a year.  Much better than 2.5.

Just a thought.
dyask
Hero Member
*****
Offline Offline

Activity: 658


View Profile
June 23, 2014, 10:06:21 AM
 #2580

I've been number crunching.

The average daily return was 1%.
It has been 25 days since the first refund (30th May)
Total refunded so far is 14.19BTC

So I reckon that the initial balance they have to work with is 11.065BTC.  Calculated as follows:

11.065*1.01^25 = 14.19
principal * (1+interest rate) ^ number of times compounded

People getting immediate refunds makes it take longer for everyone.  As gise87 says in his spreadsheet, at the current rate of return, it will take until mid January 2017.  That's 2.5 years!

If we allow them to keep the funds and compound the interest then:
11.065 * 1.01^396 = 569.14

So that's 396 days... just over a year.  Much better than 2.5.

Just a thought.


You don't know that he is paying back everything earned.  It could be he is building already stake.   Also 1% return per day probably is too high.   
Pages: « 1 ... 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 [129] 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!