BitMarket.Eu has closed down

[transientm]

Just got my payment now, thanks

[Ollie]

Was anything done to ensure that refunds did not go to hackers as a result of the recently discovered security hole?

[M4v3R]

According to my logs only 4-5 people saw this behavior, Ollie, as it was immediately fixed. No one even tried to exploit it though. To everyone else -  due to a very recent change (my SMTP servers were malfunctioning and I had to debug them) SMTP logs were displayed on the site when submitting password reset form. Theoretically, if you knew someone's email AND this person didn't have 2-factor auth, you could log in to his account in last 2-3 days.

While it's my mistake that I left this on, even for a short while, you can see the benefits of having 2-factor auth here, because it's one of many cases when it secures your account from unauthorized entries. That's why on Bitalo 2-factor will be basically mandatory (you will be able to buy only very small amounts of BTC without it and they will be withdrawn to your Bitcoin address immediately).

Another precaution to prevent exactly these kind of bugs is that every code deploy will be audited by another programmer on the team, which has two benefits - you can catch these kind of mistakes very easily, and also there is no way a staff member could insert malicious code into the site without others noticing it.

[galaxy07]

Hey M4v3R!
You wrote that you've got about 10% of the debt from Bitalo. Now you write that about 10% of the debt is already refunded, which would be basically the whole first payment from Bitalo. But I have still got no refund; which would mean that you have used the first payment to refund only some users. The cooperation is bound to the fact that you treat all creditors equally. Please make it sure.

BitMarket username: hafey

I completed another batch of payments today. As of today about 10% of the debt is refunded. You can find more information in the updates section on Bitmarket.eu.

[M4v3R]

Hey Hafey,

I'm sorry that your payment was missed. The process is very manual (I have a lot book keeping to do to ensure that everything was done right) so not everyone is refunded at the same time, I just go through my list one by one. I already refunded about 100 users. You didn't get your share yet, because you were one of few people that answered "other" in the questionaire. I processed your 10% refund right now.

[Bitmarket.eu-victim0815]

Still no refund for me either. Sent you my bitmarket username via PM.

[galaxy07]

Thanks, payment has arrived.
Please announce at what rate you have converted the refund amounts from EUR to BTC today.

[M4v3R]

Even though I bought Bitcoins for refunds at rate of 84 EUR, to be fair with users I'm using current rate, at the time of refund. In your case it was 57 EUR if I recall correctly.

[kakobrekla]

Even though I bought Bitcoins for refunds at rate of 84 EUR, to be fair with users I'm using current rate, at the time of refund. In your case it was 57 EUR if I recall correctly.

Why didn't you pay immediately? It seems to me you are speculating with your clients funds again and being terrible at it, again. The extra losses you are making only prolong payout to the rest of the people owed.

[M4v3R]

Um. If I were speculating I would sold the Bitcoins few days ago, because I had a feeling that the price will go down (and I did sell my own few BTCs). The process is slow and tedious, it's not something I can reliably automate. That's why I still have some payouts to do.

[DarkBabar]

Um. If I were speculating I would sold the Bitcoins few days ago, because I had a feeling that the price will go down (and I did sell my own few BTCs). The process is slow and tedious, it's not something I can reliably automate. That's why I still have some payouts to do.

I had 20 BTC frozen in December. Any chance of getting a repayment in the near future?

[tstang]

M4vR,

I replied to your side and I didn't get my payment yet. Tango

[Bitmarket.eu-victim0815]

Still no refund.

[mralbi]

dont be too impatient, he also needs to develop the new site in parallel ;-)

[kakobrekla]

Yeah Bitmarket.eu-victim0815, stop acting like its your money!

[M4v3R]

Another batch of payments done. 136 refunds in total sent to this date.

[Bacon9504A]

Bitalo.com is a GREAT place.

[disclaimer201]

You mean that sign on the door that says what all btc businesses say? Come back later. We're ready "soon".

[mentore]

but how can it ever be possible, that with 64 btc lost, I received only 0.8 btc ? I do not understand is absurd...

[Bitmarket.eu-victim0815]

Same here. I received a refund of 1.7 %. What happened to the 10 % mentioned earlier?