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Author Topic: BiteBTC Scam  (Read 252 times)
Waterwings (OP)
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January 06, 2019, 04:59:04 AM
 #1

Beware of doing business with BiteBTC. They claim they had a fire in the data centre, and data has been lost. I have never heard of a "big" company keeping the backup servers in the same location as their primary servers, for this very reason.
Many of us lost access to our accounts. They ask us to fill is a form. But what form??. Nothing is attached to the email. And now 5 days later still no communication Huh

In solidarity crypto currencies should remove themselves from this exchange. By listing with them you are damaging your brand's image.
suchmoon
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January 06, 2019, 05:02:26 AM
 #2

Format your accusation properly: https://bitcointalk.org/index.php?topic=260073.0

BTW coins can't remove themselves from an exchange. A decentralized cryptocurrency can be used by anybody, including a crappy exchange.
Waterwings (OP)
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January 06, 2019, 05:21:58 AM
 #3

Do a google search on BiteBTC. You will see a statement by them on 1 January 2019.
Check their own twitter account. You will see the complaints.
I am not alone in this
marlboroza
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January 07, 2019, 11:01:13 AM
 #4

Do a google search on BiteBTC.
You are the one who open scam accusation, we expect to see some info in topic  Roll Eyes

This is their statement before proof of keys day:
Quote
Important statement
03/01/2019

On January 1, 2019, a fire occurred in the data center where the exchange servers are located, as a result of which part of the data on the main and backup servers was destroyed.

All crypto coins wallets are safe, but we need time to restore the balance sheets and trading history of about 7% of traders from earlier backups.

We ask to fill in the form to the support service with the indication of your recent transactions and operations with wallets.

We apologize and ask to treat this situation with understanding.
https://bitebtc.com/news/20

Quote
[...]
BiteBTC.com Uniquely Fails Proof of Keys

Proof of Keys is an event fomented by longtime Bitcoin investor Trace Mayer. It reminds exchanges of the importance of solvency and that Bitcoin belongs to its owners. It also encourages Bitcoiners to remember that they only truly own the Bitcoin for which they possess the keys. Some exchanges were said to be “failing” the event.

BiteBTC has failed spectacularly. The question of solvency is only one that needs to be answered.[...]
Source: https://www.ccn.com/singapore-bitcoin-exchange-bitebtc-com-claims-data-center-fire-on-proof-of-keys-day-exit-scam/

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We have received reports that user deposits are being withheld. Please be careful with your funds.
Source: https://coinmarketcap.com/exchanges/bitebtc/
Waterwings (OP)
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January 08, 2019, 08:40:49 PM
 #5

Need I say more
coinwizard_
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January 09, 2019, 09:06:36 PM
 #6

Doesn't sound good, exchanges should have a backup server in a cloud location. An even better idea is to have redundant servers in other locations so if there is a fire it won't effect trading. Hopefully it will be resolved amicably

CRYPTOCIRCLEX | THE MOST ADVANCED CRYPTO EXCHANGE ON THE BLOCKCHAIN
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touristoken
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February 14, 2019, 11:34:10 PM
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touristoken
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February 18, 2019, 04:40:44 PM
 #8

A group of thieves threaten us
He does not know what awaits them !!

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