Bittrex, Scammer or Scammed.

[lemonsieur1]

  USBcoin is the latest scam being pulled on Bittrex users.   Yesterday, a coin by the Name, USBcoin was added to Bittrex exchange, like any other IPO, there will be some volume people buying and selling, it was a 200 btc volume and very high volatility. Then all of a sudden supposedly "2 accounts coming from TOR nodes", with millions of USBcoins dumped on everyone. USBcoin was supposed to have 6m coins from POW, and 2% yearly Piece of shit (POS). Apparently the dev, had a hidden code that allowed him to inject extra 40 million coins and dump on everyone.

Now, me and countless of Bittrex users, are the real victim here.. What did we do wrong ? We are at an altcoin exchange, which serves one need only : "to buy  and sell cryptos" , USBcoin was the most traded coin  and the normal market reaction is to get on the ride. Who on earth would expect someone to scam an IPO on the first few hours ?


  so  your "it's a jungle and survival of the fittest argument" is not valid here, your "go read the code yourself is also not valid", your " they did not make you buy it" argument is not valid .. The situation is as follows :  Our trust in Bittrex was used by its staff in order to get few bitcoins and add a new 2 day old coin. AKA putting everyone in danger just to gain few bitcoin as "listing fee".

So basically Bittrex feels comfortable using us as sheep to barter for higher rate in order to add a new coin, regardless if they are giving an honest man, or a criminal access to us and our coins. I will give this analogy .. Imagine a government allowing someone in the country, and the day he's in the country he commits a major crime .. who is to blame ? the criminal or the government that let him in without proper investigation and criminal history and so on ....


Now we reach la crème de la crème : What was the response from Bittrex? "Oh well, we're sorry we got payed to add a malicious coin, we will remove asap, concerning your loss you are to blame."

they removed the market, and reopened the malicious wallet for "withdrawals only".

So what should happen now?
first of all, the amount scammed is around 100 thousand USD, so it's not a game.

two, we need a fully detailed response from bittrex  as to what exactly happened? who contacted them ? how much did they get payed to add the coin ? did they validate the identity of the Dev to add the coin ? the addresses that withdrew the bitcoins etc.

Three, User repayment plan, fees can generate enough to cover the loses in a week or so i don't think it's a major problem. 


Now, this is crucial, everything i wrote above, didn't contain any hint or remark that would suggest Bittrex is complicit with the scam, but the recent events, (that's the 4th scam pulled on us in a relatively short period) are starting to look fishy .. either Bittrex is completely unreliable and cannot run a Tier 1 exchange, or Bittrex just cares about the extra few bitcoins it gets in order to add coins, which i think it is, or Bittrex is on the scam too. What ever the reasons are, users cannot be blamed for actions allowed to happen by the third party acting on his own, and adding coins to his monetary gain using its trustful users as  barter.


Failure to repay the users, shall be met with widespread organized boycott.

[cassius69]

You fell victim to a scam. So you should not be repaid what you lost. You invested into something that fell apart. Bittrex has no control over what happens to the markets. I feel bad for all the victims but this has nothing to do with bittrex at all. No matter what you do to prevent a scam, people will come up with clever ways to scam people. It's not bittrex's fault you and everyone else invested into a sh!tcoin and lost money. Now you want to be repaid? Im sorry, I feel bad for you....But its not how life works. You shouldnt get to "roll" back everytime someone makes a bad decision. Get over it and stop investing in shitcoins to make a quick buck.

This is like saying raped women are deserve to be raped because they were in the wrong place at the wrong time..

that's right. this guys all blame the victim and claim bittrex has no responsibilty to protect users.

therefore the only way to protect yourself is to stay the fuck off that exchange especially when it comes to new coins.

say no to new coins on bittrex. they are all scams anyway.

[Skrillex]

I only use poloniex these days 

[worriedtrader]

Stay away from any exchange which adds coins right after launch. Let's go back to trading the good old coins, they have a lot more to offer the market.

Just relying on adding new coins is continuing to hurt the market, and the reduced volume all around shows that. Bittrex will continue to lose volume because of this.

[lemonsieur1]

You fell victim to a scam. So you should not be repaid what you lost. You invested into something that fell apart. Bittrex has no control over what happens to the markets. I feel bad for all the victims but this has nothing to do with bittrex at all. No matter what you do to prevent a scam, people will come up with clever ways to scam people. It's not bittrex's fault you and everyone else invested into a sh!tcoin and lost money. Now you want to be repaid? Im sorry, I feel bad for you....But its not how life works. You shouldnt get to "roll" back everytime someone makes a bad decision. Get over it and stop investing in shitcoins to make a quick buck.

"But its not how life works"

the exchange is responsible for launching a fraudulent ipo .. you don't put a shoe company that opened yesterday on your penny stock, unless it has some documentation and actual existence and working business model .. if it was a scam and everyone who bought the shares were holding fraudulent pieces of paper, the stock exchange would be responsible  for the losses... let alone the fact that they were getting payed to list the ipo


the problem for me is the  way they dealt with it .. just delete the market, nothing happened, go back to trading.

[hellscabane]

You fell victim to a scam. So you should not be repaid what you lost. You invested into something that fell apart. Bittrex has no control over what happens to the markets. I feel bad for all the victims but this has nothing to do with bittrex at all. No matter what you do to prevent a scam, people will come up with clever ways to scam people. It's not bittrex's fault you and everyone else invested into a sh!tcoin and lost money. Now you want to be repaid? Im sorry, I feel bad for you....But its not how life works. You shouldnt get to "roll" back everytime someone makes a bad decision. Get over it and stop investing in shitcoins to make a quick buck.

This is like saying raped women are deserve to be raped because they were in the wrong place at the wrong time..

No it is not. That is a horribly insensitive, untactful, and insulting comparison to make. One involves personal freedoms and the ability to go where ever one pleases to go. This incident on Bittrex is people going of their own volition for a profit scheme motive.

People have the right to go to most places with the expectation to be safe and secure. People do not have the right to gamble and expect a return. One is a right and the other is a privilege. Huge difference.

[worriedtrader]

You fell victim to a scam. So you should not be repaid what you lost. You invested into something that fell apart. Bittrex has no control over what happens to the markets. I feel bad for all the victims but this has nothing to do with bittrex at all. No matter what you do to prevent a scam, people will come up with clever ways to scam people. It's not bittrex's fault you and everyone else invested into a sh!tcoin and lost money. Now you want to be repaid? Im sorry, I feel bad for you....But its not how life works. You shouldnt get to "roll" back everytime someone makes a bad decision. Get over it and stop investing in shitcoins to make a quick buck.

This is like saying raped women are deserve to be raped because they were in the wrong place at the wrong time..

No it is not. That is a horribly insensitive, untactful, and insulting comparison to make. One involves personal freedoms and the ability to go where ever one pleases to go. This incident on Bittrex is people going of their own volition for a profit scheme motive.

People have the right to go to most places with the expectation to be safe and secure. People do not have the right to gamble and expect a return. One is a right and the other is a privilege. Huge difference.

I agree that example was not really useful, but I think the full blame doesn't lie on the end user. Yes, they should be careful, do their own research, don't risk more than you can afford, whatever, but there also needs to be some professional responsibility from the exchanges, which I would say has not been shown up to now.

[hellscabane]

You fell victim to a scam. So you should not be repaid what you lost. You invested into something that fell apart. Bittrex has no control over what happens to the markets. I feel bad for all the victims but this has nothing to do with bittrex at all. No matter what you do to prevent a scam, people will come up with clever ways to scam people. It's not bittrex's fault you and everyone else invested into a sh!tcoin and lost money. Now you want to be repaid? Im sorry, I feel bad for you....But its not how life works. You shouldnt get to "roll" back everytime someone makes a bad decision. Get over it and stop investing in shitcoins to make a quick buck.

This is like saying raped women are deserve to be raped because they were in the wrong place at the wrong time..

No it is not. That is a horribly insensitive, untactful, and insulting comparison to make. One involves personal freedoms and the ability to go where ever one pleases to go. This incident on Bittrex is people going of their own volition for a profit scheme motive.

People have the right to go to most places with the expectation to be safe and secure. People do not have the right to gamble and expect a return. One is a right and the other is a privilege. Huge difference.

So you are saying that Bittrex should be taken as a Casino ?

It is not like we can see the whole game field, people can just change the rules and no one would notice it. If you would use these games inside a Casino then it would be illegal in the most states.

No. However, the cryptocurrency scene is relatively new and unproven. And accordingly you will get results that will match.

Secondly, casinos are part of a regulated scene and function within that type of purview. These exchanges do not fall remotely within the same scope or oversight as a casino. The gambling is more akin to a gamble between unverfied/untrusted parties. It comes with the territory of dealing with unregulated trading in a "free" market.

[Spoetnik]

i guarantee their staff are making these scam coins !
other wise they would be stopping them.

don't be gullible guys and don't let these exchanges play dumb with you.

they are ripping you off and playing stupid .

edit:
i already have posted numerous times about a LOT of suspicious shit with these guys (they make coins related crap)
and i don't want to retype out a wall of text all over again lol

[cassius69]

You fell victim to a scam. So you should not be repaid what you lost. You invested into something that fell apart. Bittrex has no control over what happens to the markets. I feel bad for all the victims but this has nothing to do with bittrex at all. No matter what you do to prevent a scam, people will come up with clever ways to scam people. It's not bittrex's fault you and everyone else invested into a sh!tcoin and lost money. Now you want to be repaid? Im sorry, I feel bad for you....But its not how life works. You shouldnt get to "roll" back everytime someone makes a bad decision. Get over it and stop investing in shitcoins to make a quick buck.

This is like saying raped women are deserve to be raped because they were in the wrong place at the wrong time..

No it is not. That is a horribly insensitive, untactful, and insulting comparison to make. One involves personal freedoms and the ability to go where ever one pleases to go. This incident on Bittrex is people going of their own volition for a profit scheme motive.

People have the right to go to most places with the expectation to be safe and secure. People do not have the right to gamble and expect a return. One is a right and the other is a privilege. Huge difference.

So you are saying that Bittrex should be taken as a Casino ?

It is not like we can see the whole game field, people can just change the rules and no one would notice it. If you would use these games inside a Casino then it would be illegal in the most states.

a casino yes. but one thats not fun at all!  

[foodies123]

ITT, butthurt daytraders.

[Nxtblg]

You fell victim to a scam. So you should not be repaid what you lost. You invested into something that fell apart. Bittrex has no control over what happens to the markets. I feel bad for all the victims but this has nothing to do with bittrex at all. No matter what you do to prevent a scam, people will come up with clever ways to scam people. It's not bittrex's fault you and everyone else invested into a sh!tcoin and lost money. Now you want to be repaid? Im sorry, I feel bad for you....But its not how life works. You shouldnt get to "roll" back everytime someone makes a bad decision. Get over it and stop investing in shitcoins to make a quick buck.

This is like saying raped women are deserve to be raped because they were in the wrong place at the wrong time..

Actually, it is like quoting a stockbroker after a bubble has collapsed. Exactly like quoting a regulated, overseen stockbroker after the client's favourite stock has collapsed.

And it's also a lot like what a judge would say as he throws a lawsuit out from an angry client who got bullheaded enough to sue after his favourite stock collapsed.

Welcome to the world of high-risk speculation.

[Nxtblg]

This is like saying raped women are deserve to be raped because they were in the wrong place at the wrong time..

Why is that trope so continually thrown around? Why not a rich bloke with $1000 in his wallet who gets mugged after wandering into the inner city?

I don't understand why men would compare themselves to damsels in distress. It's like some feller putting on a dress in order to get out of being conscripted.

[cassius69]

This is like saying raped women are deserve to be raped because they were in the wrong place at the wrong time..

Why is that trope so continually thrown around? Why not a rich bloke with $1000 in his wallet who gets mugged after wandering into the inner city?

I don't understand why men would compare themselves to damsels in distress. It's like some feller putting on a dress in order to get out of being conscripted.

the analogy applies.

'she was raped because she wore provocative clothing and was in the wrong place at the wrong time.' == victim blaming
'he lost his money because he didn't do the research.' == victim blaming.

the rapist, the scammer, and the exchange deserve their share of the blame.

[hellscabane]

This is like saying raped women are deserve to be raped because they were in the wrong place at the wrong time..

Why is that trope so continually thrown around? Why not a rich bloke with $1000 in his wallet who gets mugged after wandering into the inner city?

I don't understand why men would compare themselves to damsels in distress. It's like some feller putting on a dress in order to get out of being conscripted.

the analogy applies.

'she was raped because she wore provocative clothing and was in the wrong place at the wrong time.' == victim blaming
'he lost his money because he didn't do the research.' == victim blaming.

the rapist, the scammer, and the exchange deserve their share of the blame.

Its only similarity is in the shared idea of victim blaming, other than that, the analogy is completely off-base. It's fundamental tenets are vastly different and the prior argument requires implicit information in order to be taken at full-value. There are both formal and informal fallacies with the analogy. And the comparison is simply offensive.

Here's another difference: the expectation of outcome.

The woman does not directly have any expectation of a physical encounter (she could just be returning home from a day out with friends).
The investor does have an expectation of trading (and in particular for a profit).

There are so many better analogies that exist, so don't bring that weak sauce in here.

Regarding scams though, although I feel for those who lose, cryptocurrency is a place where free market ideals are taken to a significant extreme. People assume that they can make easy money here, but they also need to face the fact that they can lose that money just as easily. It comes with the territory. If you're looking for a safer way to make money off an investment, you're looking at the wrong place. Go find a place with regulation or insurance as protection.

[cassius69]

This is like saying raped women are deserve to be raped because they were in the wrong place at the wrong time..

Why is that trope so continually thrown around? Why not a rich bloke with $1000 in his wallet who gets mugged after wandering into the inner city?

I don't understand why men would compare themselves to damsels in distress. It's like some feller putting on a dress in order to get out of being conscripted.

the analogy applies.

'she was raped because she wore provocative clothing and was in the wrong place at the wrong time.' == victim blaming
'he lost his money because he didn't do the research.' == victim blaming.

the rapist, the scammer, and the exchange deserve their share of the blame.

Its only similarity is in the shared idea of victim blaming, other than that, the analogy is completely off-base. It's fundamental tenets are vastly different and the prior argument requires implicit information in order to be taken at full-value. There are both formal and informal fallacies with the analogy. And the comparison is simply offensive.

Here's another difference: the expectation of outcome.

The woman does not directly have any expectation of a physical encounter (she could just be returning home from a day out with friends).
The investor does have an expectation of trading (and in particular for a profit).

There are so many better analogies that exist, so don't bring that weak sauce in here.

Regarding scams though, although I feel for those who lose, cryptocurrency is a place where free market ideals are taken to a significant extreme. People assume that they can make easy money here, but they also need to face the fact that they can lose that money just as easily. It comes with the territory. If you're looking for a safer way to make money off an investment, you're looking at the wrong place. Go find a place with regulation or insurance as protection.

you don't 'feel' for anyone.

you r just adding insult to the injuries.

5 scams in a few weeks shows a significantly poor job of quality control by bittrex as well as poor self control by traders.

cryptocurrency is already being regulated and it will continue to be so. its another profit center that will be controlled by big corporations and government agencies.

free market has nothing to do with the fact that bittrex takes $1500 to list these scamcoins. they don't do it for the good of the community or out of the kindness of their hearts. they do it for the cash.

since they are not protecting their customers its important that the clients protect themselves and dont buy these risky new altcoins.

[seljak]

"Bittrex just cares about the extra few bitcoins "
exactly the same as you were "just trying to get e few extra bitcoins"!

Dont you get it? Everyone in this show is trying to make easy money. Bitrex, you, scamers,... The only reason the scammers succed in their doing is because yourself and people like you think you can make easy money! The more people get scamed, less fools will "invest" in shitcoins, less oportunity for scammers to succeed in their scams. You and others like yourself are the ONLY reason this scam was such a succes! REWARD=RISK! The market Will balance itself out. suckers Will lose their money. Shitcoins wont get as much attention, scammers Will find new ways to rob people,... We dont need regulation.

[djm34]

i guarantee their staff are making these scam coins !
other wise they would be stopping them.

don't be gullible guys and don't let these exchanges play dumb with you.

they are ripping you off and playing stupid .

edit:
i already have posted numerous times about a LOT of suspicious shit with these guys (they make coins related crap)
and i don't want to retype out a wall of text all over again lol

That's what I believe too.
I believe that an exchange can make a mistake once in a while and add a loosy ipo scam but adding continuously ipo scam every 2 or 3 days... since a couple of week... ? well nobody is that stupid intentionally...
So yes I am pretty sure they are behind.

But at the current rate of scam, I would expect that Bittrex will soon be ready to make their grand finale, the infamous  "we got hacked" scam  

Now, may-be the profit generated by bittrex isn't large enough and it might be tempting to them to either generate their own crappy coin or just accept bribes to list coins which doesn't fall in their "selection procedure" (ie innovative etc...)

So for me, they are the scammer no the scammed... (obviously there are also people who keep buying in every IPO...   so scammed or scammer (or sock puppet ?)

[C2]

i guarantee their staff are making these scam coins !
other wise they would be stopping them.

don't be gullible guys and don't let these exchanges play dumb with you.

they are ripping you off and playing stupid .

edit:
i already have posted numerous times about a LOT of suspicious shit with these guys (they make coins related crap)
and i don't want to retype out a wall of text all over again lol

That's what I believe too.
I believe that an exchange can make a mistake once in a while and add a loosy ipo scam but adding continuously ipo scam every 2 or 3 days... since a couple of week... ? well nobody is that stupid intentionally...
So yes I am pretty sure they are behind.

But at the current rate of scam, I would expect that Bittrex will soon be ready to make their grand finale, the infamous  "we got hacked" scam  

Now, may-be the profit generated by bittrex isn't large enough and it might be tempting to them to either generate their own crappy coin or just accept bribes to list coins which doesn't fall in their "selection procedure" (ie innovative etc...)

So for me, they are the scammer no the scammed... (obviously there are also people who keep buying in every IPO...   so scammed or scammer (or sock puppet ?)

It makes sense. I better withdraw before their grand finale.

[cassius69]

i guarantee their staff are making these scam coins !
other wise they would be stopping them.

don't be gullible guys and don't let these exchanges play dumb with you.

they are ripping you off and playing stupid .

edit:
i already have posted numerous times about a LOT of suspicious shit with these guys (they make coins related crap)
and i don't want to retype out a wall of text all over again lol

That's what I believe too.
I believe that an exchange can make a mistake once in a while and add a loosy ipo scam but adding continuously ipo scam every 2 or 3 days... since a couple of week... ? well nobody is that stupid intentionally...
So yes I am pretty sure they are behind.

But at the current rate of scam, I would expect that Bittrex will soon be ready to make their grand finale, the infamous  "we got hacked" scam  

Now, may-be the profit generated by bittrex isn't large enough and it might be tempting to them to either generate their own crappy coin or just accept bribes to list coins which doesn't fall in their "selection procedure" (ie innovative etc...)

So for me, they are the scammer no the scammed... (obviously there are also people who keep buying in every IPO...   so scammed or scammer (or sock puppet ?)

It makes sense. I better withdraw before their grand finale.

that really is the final act.

the old 'we got hacked' with no details about what happened and then off to the exits.

like this guy said: one scam maybe a mistake. two maybe a mistake. three, okay, now....

four...wtf? five....come on!