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Author Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds  (Read 254177 times)
Cronos7
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April 17, 2014, 04:26:33 PM
 #641

I know they have some trouble days before for the heartbleed issue, and make security upgrade. In my case they took my money back into my account twice. At this point I really dont know if they are scam or not. I hope not. The server is there, and it is like they having so much software/configuration trouble for the two ticket I been able to read.
There are several different types of Bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can't steal the client's bitcoins directly, it can easily execute double-spending-style attacks against the client.
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airwalker2662
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April 17, 2014, 04:28:25 PM
 #642

Why is it so obvious to you? It must be great to live in your world where absolutely nothing can go wrong with servers or providers. That hardware lasts forever, power is always flowing, attacks never occur. I mean seriously it hasn't even been 24 hours. No communication sucks, but it has been that way since any of us invested.



 
micers
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April 17, 2014, 04:30:38 PM
 #643

http://ns.myip.ms/info/whois/111.90.150.219  <= Located in Malaysia???
Was being reported earlier as being located in a Hostgator data center in Utah.
IIRC btc-arbs.com's offices were supposedly in the EU somewhere.
The server was known to be in Malaysia since day one. The site claimed they have their office in Switzerland (which is NOT in the EU) but this has been repeatedly deemed unlikely.
Thank you for that.

Ah, good news.  That server is *NOT* vulnerable to the Heartbleed attack.
https://www.ssllabs.com/ssltest/analyze.html?d=btc-arbs.com


What are you talking about?Huh? Who cares about Heartbleed at this point. It is obvious they run with our BTC, wake up people.

There is no evidence for what you suggest.
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April 17, 2014, 04:34:52 PM
 #644

I mean you really need to take off your pink glasses.

There is no sane CEO/website owner/business owner in the world who would suffer this kind of malfunction and skip notifying his clients about it just being malfunction to be fixed.
Why? Cause he knows if he does not do that 99% of his clients s going to withdraw and run the moment he gets his website back online thus effectively destroying his business.

So during this 24 hours any normal webmaster would post a note, send a group email, anything. Do we have something? No. Accept it. They run.

airwalker2662
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April 17, 2014, 04:42:00 PM
 #645

I mean you really need to take off your pink glasses.

There is no sane CEO/website owner/business owner in the world who would suffer this kind of malfunction and skip notifying his clients about it just being malfunction to be fixed.
Why? Cause he knows if he does not do that 99% of his clients s going to withdraw and run the moment he gets his website back online thus effectively destroying his business.

So during this 24 hours any normal webmaster would post a note, send a group email, anything. Do we have something? No. Accept it. They run.

Just curious CrazyIvan... How much do you have invested?

Also, I bank with JP Morgan Chase. Pretty large company I'd say compared to BTC-Arbs. They commonly update their website and disconnect services from time to time to do so. I have never received an email from them, just a notification when visiting the site. Sometimes things go wrong, and they are down longer than expected without that instant notification. By your logic they are probably just scamming everyone and I should pull my funds from them too right?


Cronos7
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April 17, 2014, 04:43:14 PM
 #646

I mean you really need to take off your pink glasses.

There is no sane CEO/website owner/business owner in the world who would suffer this kind of malfunction and skip notifying his clients about it just being malfunction to be fixed.
Why? Cause he knows if he does not do that 99% of his clients s going to withdraw and run the moment he gets his website back online thus effectively destroying his business.

So during this 24 hours any normal webmaster would post a note, send a group email, anything. Do we have something? No. Accept it. They run.

Sad... but true.
crazyivan
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April 17, 2014, 04:45:23 PM
 #647

I mean you really need to take off your pink glasses.

There is no sane CEO/website owner/business owner in the world who would suffer this kind of malfunction and skip notifying his clients about it just being malfunction to be fixed.
Why? Cause he knows if he does not do that 99% of his clients s going to withdraw and run the moment he gets his website back online thus effectively destroying his business.

So during this 24 hours any normal webmaster would post a note, send a group email, anything. Do we have something? No. Accept it. They run.

Just curious CrazyIvan... How much do you have invested?

Also, I bank with JP Morgan Chase. Pretty large company I'd say compared to BTC-Arbs. They commonly update their website and disconnect services from time to time to do so. I have never received an email from them, just a notification when visiting the site. Sometimes things go wrong, and they are down longer than expected without that instant notification. By your logic they are probably just scamming everyone and I should pull my funds from them too right?




OK, let it be your way. I don't have much invested, made my last withdrawal 4 days ago so I ll live.

micers
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April 17, 2014, 04:56:21 PM
 #648

I mean you really need to take off your pink glasses.

There is no sane CEO/website owner/business owner in the world who would suffer this kind of malfunction and skip notifying his clients about it just being malfunction to be fixed.
Why? Cause he knows if he does not do that 99% of his clients s going to withdraw and run the moment he gets his website back online thus effectively destroying his business.

So during this 24 hours any normal webmaster would post a note, send a group email, anything. Do we have something? No. Accept it. They run.

Just curious CrazyIvan... How much do you have invested?

Also, I bank with JP Morgan Chase. Pretty large company I'd say compared to BTC-Arbs. They commonly update their website and disconnect services from time to time to do so. I have never received an email from them, just a notification when visiting the site. Sometimes things go wrong, and they are down longer than expected without that instant notification. By your logic they are probably just scamming everyone and I should pull my funds from them too right?




OK, let it be your way. I don't have much invested, made my last withdrawal 4 days ago so I ll live.

I agree with you that they have been piss poor communicators in this.

I am a Computer Scientist with pretty a pretty good resume of system administration and network management.  I've been all over that server today and believe it to be secure. I have posted a lot of my thoughts earlier in the thread.

I don't think someone who wanted to abscond with the funds would even bother taking the site down.  Why do that when you could continue to milk it for an extended period?  Think about Mt.GOX, they stole A LOT of BTC by milking the system over more than a year.  Why just shutdown (actually break) the web site and leave all the other services running?  Also consider the recent extended outage at CoinEx.  That one looked bad for the first couple of days.

This looks a lot like a case of server admin fat fingers and business manager failure to communicate.

At this point unless someone knows how to contact the admin and get some information we will just have to wait.

and hope...
Cronos7
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April 17, 2014, 05:05:50 PM
 #649

It back online!  Grin
rmoraos
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April 17, 2014, 05:06:05 PM
 #650

I don't know if it is a scam, but calm down, it is online now !

Best Regards.

jgm_coin
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April 17, 2014, 05:13:50 PM
 #651

I don't know if it is a scam, but calm down, it is online now !

Best Regards.


I'm taking my balance down to 0.4 BTC on there for the time being.  We need an explaination from them!

Rent out your rig for up to 100% more than you can mine http://tinyurl.com/lc5axo2
jagemo
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April 17, 2014, 05:20:32 PM
 #652

I'm gone let my money there, but there must be an explanation given, at least !!
I became 5 years older today...
Damn, but it's back and with that is the trust back...
zimmah
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April 17, 2014, 05:25:31 PM
 #653

Yeah i trust them with my 0.3 btc. Let's see how much BTC i have left in a few months on there. It will either double or disappear in 70 days.

I think it's worth the risk, and even if i lose the 0.3 btc, i have a lot more anyway.
bad01nk
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Yah!... yah?


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April 17, 2014, 05:27:02 PM
 #654

LOL... reading this thread is hilarious,... site goes down for less than 24 hrs and the fan hits the shit!  Grin Roll Eyes Roll Eyes Roll Eyes Give the poor team a chance, and congratulate yourself on making an investment with a proper company; GO TEAM BTC-ARBS.COM

╔·∙·┐ba-d♂1nk'┼♦
nightengale
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April 17, 2014, 05:28:40 PM
 #655

It will be interesting what the result will be today... Good arbitrage opportunities, but possibly some distraction with the site being down... We shall see...
sunny1
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April 17, 2014, 05:40:15 PM
 #656

I mean you really need to take off your pink glasses.

There is no sane CEO/website owner/business owner in the world who would suffer this kind of malfunction and skip notifying his clients about it just being malfunction to be fixed.
Why? Cause he knows if he does not do that 99% of his clients s going to withdraw and run the moment he gets his website back online thus effectively destroying his business.

So during this 24 hours any normal webmaster would post a note, send a group email, anything. Do we have something? No. Accept it. They run.

Exactly, no webmaster would leave their members in the dark. The repeatedly sending withdrawal requests back to the account balance is also a very old HYIP trick. They are gone, face it! No further evidence needed. BTW, Poker by Proxy had the same shelf life as btc-arbs. If whatever you like to invest in is on Money-News-Online, just skip it and forget about it for your own sake.
sunny1
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April 17, 2014, 05:42:00 PM
 #657

It back online!  Grin

The only question is for how long! All sane members will withdraw now.
bad01nk
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Yah!... yah?


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April 17, 2014, 05:43:42 PM
 #658

ps gonna build up to the 50k and head to one of those cocktail parties... bam son

╔·∙·┐ba-d♂1nk'┼♦
nightengale
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April 17, 2014, 05:44:45 PM
 #659

ps gonna build up to the 50k and head to one of those cocktail parties... bam son

No, all stupid members will withdraw now. It they are legit, this could cause the company significant problems. If they are a scam, they will disappear. If you want to pull out, do it over the course of a few days. Submitting a big withdrawal request would be kinda dumb at this point.
jseppeli
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April 17, 2014, 05:45:23 PM
 #660

Result seems to be 0.60%

Quote
First and foremost, we would like to take this opportunity to apologize for the website downtime that we have experienced for roughly the past 12 hours. Due to a hardware failure in our data centre, our website was temporarily offline. During this time, arbitrage trading continued as per usual, however users were not able to access their accounts. We have pinpointed the point of failure, and have taken steps to ensure that it does not happen again. Please do not contact us to inform us that the website was offline, we were aware and such messages serve solely to create a support backlog.

Next on the agenda, Easter. Due to the Easter Holidays, our staff will be working limited hours this weekend, including Friday and Monday. Please refrain from sending unnecessary support messages, and allow for a slightly longer than usual response time.

And finally, we'll move on to the day's results. Our arbitrage was limited today since the entire team was focused on restoring our servers. We did however manage a 0.6% result.
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