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Author Topic: eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20  (Read 28743 times)
mikeywith
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September 03, 2024, 12:43:15 PM
Merited by JayJuanGee (1)
 #841

Well, in that case you have two options aside from using a different service that can send to a native-segwit address.

1- Convince that service to upgrade their system.
2- Convince eXch to support lagecy addresses.

IMO, both should be done, if you want to deal with all types of clients, you should be able to deal with every single address type, obviouslly, once you send to a non-segwit address, it would cost the exchange more fees to move that output so expect to pay more in fees.

finally, the fact that the other service have not bothered to make a small change in their wallet system to follow an update that is many years old -- makes them a lot less worthy to deal with.

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LoyceV
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September 03, 2024, 01:38:05 PM
Merited by JayJuanGee (1)
 #842

Well, in that case you have two options aside from using a different service that can send to a native-segwit address.

1- Convince that service to upgrade their system.
2- Convince eXch to support lagecy addresses.
Or, much better, use your own wallet in between. Create a legacy wallet in Electrum-LTC, and start to be your own bank Smiley

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Peach
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ESG
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September 03, 2024, 06:45:01 PM
 #843


Or, much better, use your own wallet in between. Create a legacy wallet in Electrum-LTC, and start to be your own bank Smiley
i dowloaded electrum ltc, but, only new address...how i can use native Address on ?  and i have others wallet like trust.. but, only new address.., istill  didnt try guarda, that also i have , .. in the case of electrum-ltc, i neeed dowload old version? or no? i can use  the same andis possible to create old address?

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September 03, 2024, 08:10:14 PM
 #844

i dowloaded electrum ltc, but, only new address...how i can use native Address on ?
As the service you want to withdraw LTC from doesn't support segwit LTC address, you need to create a legacy LTC address (an address that start with L) on Electrum-LTC.
To generate legacy LTC addresses, simply select "legacy (p2pkh)" as the script type.

After sending the fund to your Electrum-LTC wallet, you can easily make a transaction to the address generated by eXch.

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dkbit98
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September 03, 2024, 11:34:29 PM
Merited by JayJuanGee (1)
 #845

i dowloaded electrum ltc, but, only new address...how i can use native Address on ?  and i have others wallet like trust.. but, only new address.., istill  didnt try guarda, that also i have , .. in the case of electrum-ltc, i neeed dowload old version? or no? i can use  the same andis possible to create old address?
Don't use guarda wallet (or any other closed source wallets), it's not a good for anything.
If you need open source multicoin wallet that support litecoin you can check Cake wallet, Stack wallet or Unstoppable mobile wallet.
Electrum-LTC is fine if you want to have litecoin only wallet.

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ESG
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store secretK on Secret place is almost impossible


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September 04, 2024, 12:07:25 AM
Last edit: September 04, 2024, 02:26:10 AM by ESG
 #846

i dowloaded electrum ltc, but, only new address...how i can use native Address on ?
As the service you want to withdraw LTC from doesn't support segwit LTC address, you need to create a legacy LTC address (an address that start with L) on Electrum-LTC.
To generate legacy LTC addresses, simply select "legacy (p2pkh)" as the script type.

After sending the fund to your Electrum-LTC wallet, you can easily make a transaction to the address generated by eXch.
my wallet is electrum ltc, but standart, could be this that i din t find an place/buton to do  with or generate legacy address...??, only segwit or lightning.... when i click in new address, generate one new segwit..., dont have an option to legacy address...look the picuture photo>>


    



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September 04, 2024, 05:30:46 AM
Last edit: September 08, 2024, 06:29:21 AM by LoyceV
Merited by d5000 (1), ABCbits (1)
 #847

my wallet is electrum ltc ~ dont have an option to legacy address
You need to create a new wallet:
Image loading...

Quote
Hiding part of your addresses is pointless for privacy. The moment you use it, the full address can be found.

Update:
~ ever since seed type selection was removed in the GUI.
I didn't know that. I only use dust-amounts of LTC, so I haven't upgraded my wallet for a while.

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Peach
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EUROPE | AFRICA
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nc50lc
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September 04, 2024, 06:31:01 AM
Merited by d5000 (1), JayJuanGee (1), examplens (1), hosseinimr93 (1), paid2 (1)
 #848

my wallet is electrum ltc, but standart, could be this that i din t find an place/buton to do  with or generate legacy address...??, only segwit or lightning.... when i click in new address, generate one new segwit..., dont have an option to legacy address...look the picuture photo>>
Your electrum-ltc version v4.2.2.1 follows Bitcoin Electrum's default to create Native SegWit seed by default,
So it will not show that script type option during wallet creation unless you imported a BIP39 seed.

To create a standard p2pkh wallet, open your Electrum-ltc's console ('View->Show Console' to enable it),
Then type: make_seed(seed_type="standard") to create a p2pkh type Electrum seed.
Then create a new wallet using that seed phase via 'File->New/Restore'.

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ESG
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September 07, 2024, 12:08:47 AM
 #849

 Your electrum-ltc version v4.2.2.1 follows Bitcoin Electrum's default to create Native SegWit seed by default,
So it will not show that script type option during wallet creation[size=12unless you imported a BIP39 seed.pt]
[/size]
To create a standard p2pkh wallet, open your Electrum-ltc's console ('View->Show Console' to enable it),
Then type: make_seed(seed_type="standard") to create a p2pkh type Electrum seed.
Then create a new wallet using that seed phase via 'File->New/Restore'.
thanks for help me, but, i am are dont knowing the steps... i guess before i open the console and type, i need import BIP39, and i didnt  this.  i need do? on github from ltc electrum..? yes ii think, but i still didnt this... ,   and, after i typed on console, where  i type Electrum seed?,
 look the picture, you will see that i dont understand much..and tryied...some times...and after this i request three new wallets, and anyones of show me before or after something about legacy address... should you tell me where i m are wrong...?  

  

...

  

Hiding part of your addresses is pointless for privacy. The moment you use it, the full address can be found.

 you are correctly, but i will don t use theses address for deposit, only example of address of wallet..., thanks your advice.
and when i request to creat a new wallet, dont show any option of 'Legacy' before create one.

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September 07, 2024, 04:20:17 AM
Merited by LoyceV (6), Pmalek (2), JayJuanGee (1), paid2 (1)
 #850

Then type: make_seed(seed_type="standard") to create a p2pkh type Electrum seed.
Then create a new wallet using that seed phase via 'File->New/Restore'.
look the picture, you will see that i dont understand much..and tryied...some times...and after this i request three new wallets, and anyones of show me before or after something about legacy address... should you tell me where i m are wrong...?  
I guess instructions in plain words wont cut it, here's some screenshots of the steps:

  • Create a new standard seed via console and copy it on a piece of paper:
    Obviously, do not use the seed phrase shown in your screenshot or this screenshot since everyone saw it already.
  • Create a new wallet by selecting these options; in the wallet creation 'install Wizard', type your preferred wallet name and click 'Next':
  • Select "Standard wallet" for the wallet type.
  • Select "I already have a seed" for the seed option:
  • Type the seed phrase that you've created in the console.

Also, it's much safer if you do this on an Air-Gap machine and just transfer the wallet to an online machine.
If not available, just make sure that your PC isn't ridden with malware or viruses.

Lastly, this is getting off-topic so for further Electrum-ltc-related concerns, please create a new topic in 'Electrum' or 'Altcoins' board.

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September 07, 2024, 08:42:17 AM
Merited by d5000 (1)
 #851

Friends, we still have 5 available slots Smiley

[FREE RAFFLE] - Custom eXch Cryptosteel Capsule (#16)!

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September 08, 2024, 02:45:53 AM
 #852


Lastly, this is getting off-topic so for further Electrum-ltc-related concerns, please create a new topic in 'Electrum' or 'Altcoins' board.

 everything went well, thank you very much, i'm very gratefull, ...and the broke i m using accepts the type of address generated on it.

>>and i thought also be good to create a topic there on electrum using these posts
made here on how to open/create an ltc-eletrum to receive at Legacy address,
of course, with your permissions?

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September 08, 2024, 04:48:24 AM
Merited by JayJuanGee (1)
 #853

>>and i thought also be good to create a topic there on electrum using these posts
made here on how to open/create an ltc-eletrum to receive at Legacy address,
of course, with your permissions?
It'll be unnecessary because AFAIK, there are already about 5 topics there that tackled that issue ever since seed type selection was removed in the GUI.
Example: Electrum 4.1.0 released - Feature discussion & other related issues.

There's just a bit of difference in Electrum make_seed command's named arguments that wont work in electrum-ltc but it's basically the same.

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GazetaBitcoin
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September 08, 2024, 07:32:12 PM
Merited by JayJuanGee (1)
 #854

>>and i thought also be good to create a topic there on electrum using these posts
It'll be unnecessary because AFAIK, there are already about 5 topics there that tackled that issue ever since seed type selection was removed in the GUI.
Example: Electrum 4.1.0 released - Feature discussion & other related issues.

Speaking of Electrum, I also thought to mention two topics which may be of good use for various people, perhaps for ESG as well...

I am not sure how familiar ESG is with Electrum, but 1miau wrote two very informative essays about how to avoid high fees and about sweeping and importing private keys... They can be found here:

How to add a Bitcoin address to Electrum / difference sweep and import priv. key
Make sure to avoid wasting BTC for too high fees – step by step guide (Electrum)

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September 09, 2024, 04:44:26 PM
Merited by d5000 (1), icopress (1)
 #855

Everyone is welcome to join the 17th Free Raffle to try to win a nice Custom eXch Cryptosteel Capsule!  Grin

[FREE RAFFLE] - Custom eXch Cryptosteel Capsule (#17)!

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GazetaBitcoin
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September 09, 2024, 06:31:31 PM
Merited by paid2 (1)
 #856

Everyone is welcome to join the 17th Free Raffle to try to win a nice Custom eXch Cryptosteel Capsule!  Grin

Thanks again paid2 & eXch! I just joined the raffle. I have 3 more chances of winning this beautiful capsule Smiley Congrats to all previous winners!

The raffle is announced also inside the Romanian translation of OP and, thanks to NeuroticFish, also inside the Romanian thread dedicated for contests.



Side note, I made an appeal inside all translation of eXch thread, to all users from the respective local boards, to report those 2 remaining websites impersonating eXch.

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eXch (OP)
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September 12, 2024, 06:02:36 PM
Last edit: November 22, 2024, 09:17:43 AM by eXch
Merited by klarki (11), LoyceV (6), fillippone (6), dkbit98 (5), bitmover (4), BlackHatCoiner (4), OmegaStarScream (3), ABCbits (3), paid2 (3), d5000 (2), Pmalek (2), icopress (2), NotATether (2), JayJuanGee (1), Lucius (1), SFR10 (1)
 #857

eXch official statement on recent 4064.37689539 BTC transfer from Genesis Trading
                            
Following two recent tweets of ZachXBT who actively reported these 4000 BTC originating from Genesis Trading as "stolen" based only on a presumption, including a statement from some exchange misleadingly branded "NonKYC" that has confirmed it selectively scams its users:                      

https://twitter.com/zachxbt/status/1825499490956231021

https://twitter.com/zachxbt/status/1830918003724103919

We (eXch) declare, that up to the date of this publication, despite of numerous completely wrong statements in regards to that event coming from both professional and amateur (Twitter-based) researchers, Genesis Trading did not officially confirm they were exploited or hacked, nor they have reached any competent authorities filing a theft complaint, which would be a first step for a supposed victim to define their funds stolen.

While eXch has received and processed a big stash (around 1500 BTC) of these funds in multiple batches, we were acknowledged that Elliptic (a company considered "industry leader" in chain analysis solutions) issued a notice to all their partners informing that the BTC originating from bc1qemvgj4vdk9l9stn4978nf3ce47jw8l9xtzm8am is a result of a theft in the following communication:
 
Quote
Elliptic Customer Advisory
Suspicious transfer of $238 million confirmed as theft

Friday, August 23, 2024: Earlier this week, we reported a suspicious transfer resulting in a loss of $238 million.

The Elliptic team has continued to monitor the situation, and has since been able to confirm that this suspicious transfer was indeed a theft, so all funds should be treated as stolen.

As a reminder, your Risk Rules will cover the identified addresses under the ‘Thief’ category and have already been labelled in our tools as ‘Fraud Incident - 5812609684’ and ‘Fraud Incident - 5812609684 (suspected post-swap)’.

---

What Actions Do Compliance Teams Need To Take?

We appreciate that speed is critical in identifying any fund flows associated with stolen or flagged addresses. Part of our daily work is to keep your risk monitoring tools up to date.

- Your Risk Rules already cover the identified addresses under the Thief category.

- The identified addresses have been labeled in our tools as 'Fraud Incident - 5812609684’ and ‘Fraud Incident - 5812609684 (suspected post-swap)’.
   
- Any transactions or addresses linked to this theft and screened through Elliptic will trigger a risk score.
   
- Over time, our systems may identify additional addresses with exposure to these stolen funds. We recommend using our tools to periodically re-screen wallets and transactions in real-time rather than relying on a static list that may be out-of-date.

We continue to monitor the situation and will add additional addresses to our systems if necessary.

Since that communication was apparently targeting centralized exchanges, we (eXch) have sent an inquiry to that company (Elliptic) in order to get clarifications on that situation. The answer we received from Elliptic consisted in them not being able to provide any details on that matter nor proofs of the eventual hack which for us was a solid sign that they have none.

We then have found a lot of contacts of older and actual Genesis Trading representatives by doing some due diligence on that company and sent them a direct question asking to clarify whether the 4000 BTC transfer was a result of an exploit or not. The answer we got is a complete absence of answer, which for us was a solid sign of that company not being too much worried about that transfer suggesting this was not a hack at all.

Meanwhile, absolutely every blockchain investigation company has marked this address as a "hack reported by community" with a score of critical risk, suggesting every CEX to freeze any deposits associated with these funds.

The "hack reported by community" tag assigned to that address by every major chain intel company obviously suggest that the only source of their information was this single post on Twitter: https://twitter.com/zachxbt/status/1825499490956231021

Another key point is that eXch has never received any law enforcement request in regards to these funds which means there is no official investigation ongoing in regards to these funds.

Based on the mentioned above, we at eXch believe there is absolutely no ground to assume these funds were stolen due to lack of evidence and everyone trying to claim the otherwise is simply misleading the general public.

We at eXch will continue to defend truth and operate based on facts instead of assumptions, thus we deny any allegations targeting our project in that regards on various social media platforms.

To those curious about who Genesis Trading are, we suggest to visit their official website and a Wikipedia page about them at the following links:

https://genesistrading.com
https://en.wikipedia.org/wiki/Genesis_(cryptocurrency_company)

UPDATE: After some days from this publication, we got a confirmation from law enforcement officials that it was a heist.

Take your right to privacy back: simplex.chat
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September 13, 2024, 09:23:12 AM
Merited by ABCbits (1)
 #858

It is unbelievable that someone claims that over 4000 BTC was stolen, but that no one has concrete evidence for this and that there is no official investigation, while at the same time everyone who received the transaction from the disputed address is asked to freeze these funds...

It is definitely not easy to be in this business, because sooner or later you find yourself in situations like this where you have to defend your reputation because someone is "playing" on social networks.

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September 13, 2024, 01:48:39 PM
 #859

It is unbelievable that someone claims that over 4000 BTC was stolen, but that no one has concrete evidence for this and that there is no official investigation, while at the same time everyone who received the transaction from the disputed address is asked to freeze these funds...

If the services would stop freezing coins even with the smallest excuses, there would probably be fewer dramas like this. Of course, this goes together with all AML checks, it has never been easier to mark some coins as tainted.

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September 14, 2024, 03:59:32 AM
 #860

Since that communication was apparently targeting centralized exchanges, we (eXch) have sent an inquiry to that company (Elliptic) in order to get clarifications on that situation. The answer we received from Elliptic consisted in them not being able to provide any details on that matter nor proofs of the eventual hack which for us was a solid sign that they have none.
Did you ever get some better response from so-called blockchain intelligence/investigation companies in other more sound cases?

It's quite lame from Elliptic to issue such risk flags without providing actual evidence and solid proofs. Is this "normal" behavior of blockchain intelligence companies?


We then have found a lot of contacts of older and actual Genesis Trading representatives by doing some due diligence on that company and sent them a direct question asking to clarify whether the 4000 BTC transfer was a result of an exploit or not. The answer we got is a complete absence of answer, which for us was a solid sign of that company not being too much worried about that transfer suggesting this was not a hack at all.
Absence of any answer could indicate a lot of possibilities: they have no clue what's going on, they don't care when a customer is to blame, incompetence, they want to hide something, ...

Did you ever get a better answer in other cases?


Another key point is that eXch has never received any law enforcement request in regards to these funds which means there is no official investigation ongoing in regards to these funds.
I guess it depends on how competent law enforcement actually is and maybe which country is involved. From your own past experience: is law enforcement really quick enough to contact involved companies/projects to aid a quick incident response?



It would sure be interesting to know what's actually going on if and when truth surfaces.

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