bter hacked and lost 50m nxt

[hl5460]

Bter just announced being hacked and lost 50m nxt. Bter now own 60% of nxt trade volume.

49 hours of turmoil-replay of bter nxt theft

discussion thread[Chinese]

hacker's new btc address: https://blockchain.info/address/1AEEasymuZCAXFEcLmgUwQZLA69Kc6GGUW



edit: It seems that the whole thing settles down a bit with the return of over 40million nxt. But the incident has lots of lessons for us to learn.

[barryzand]

RIP, I feel bad for the nxt supporters 

[linxproz]

Is this news confirmed? 50m NXT are a great amount of money...

[Litesire]

A scam stealing a scam, now I have heard it all.

[twospirit]

why is btc deposit disabled?

[cadexn]

RIP BTER RIP NXT

[dadingsda]

Wait for 2nd confirmation. Can someone have a look at bter?

edit: what time is in china now?
last trade at bter: 08-15 15:45:58Buy0.00006879

[Mt. Gox]

50 million NXT is a huge amount of money. That's almost $2 million. Just realized that I had about $50 worth of Nxt in there. On the Nxt forums, the community is discussing a rollback. Fortunately, I had about 2/3 of my balance in Poloniex. Hope they don't get hacked too.

[Fernandez]

This is a huge amount. Bter has been one of the best performing exchanges so I hope this doesn't affect their other operations.
Now prepare for a NXT dump.

[thebfldoctor]

I fell sorry for them.
That is a good amount of money

[cadexn]

50 million NXT is a huge amount of money. That's almost $2 million. Just realized that I had about $50 worth of Nxt in there. On the Nxt forums, the community is discussing a rollback. Fortunately, I had about 2/3 of my balance in Poloniex. Hope they don't get hacked too.

There should never be and never should have been any rollbacks on cryptocurrencies unless 100% of NXT users are affected by it (absolutely 100%). If Bter the community do decide to perform a rollback, cryptocurrency will be treated as a joke.

"@#&^ I SOLD AT A LOSS, PLS ROLLBACK"

[ikanunaki]

Preparing the way for the second part of mtgox

[Mt. Gox]

Preparing the way for the second part of mtgox

Yup. This will probably be remembered as Nxt's Mt. Gox moment.

This is a huge amount. Bter has been one of the best performing exchanges so I hope this doesn't affect their other operations.
Now prepare for a NXT dump.

Just placed a couple of ridiculously low buy orders on Poloniex and Cryptsy. If the hacker dumps his coins, I'd be able to recoup my 1,500 NXT and then some.

[Litesire]

This is a huge amount. Bter has been one of the best performing exchanges so I hope this doesn't affect their other operations.
Now prepare for a NXT dump.

So I wonder how NEM shares are going to be doing?

[onemorebtc]

sounds like NXT distribution get a little better

but i feel sorry for your loss... lets see how they compensate

[Fernandez]

This is a huge amount. Bter has been one of the best performing exchanges so I hope this doesn't affect their other operations.
Now prepare for a NXT dump.

So I wonder how NEM shares are going to be doing?

They might even go up. Investors may look at NEM as a hedge against NXT. 50m NXT in the wrong ends will spook a lot of investors; and if prices tumble they may decide they are better off buying up NEM tokens instead of selling for BTC.

[ShroomsKit_Disgrace]

If Bter do decide to perform a rollback, cryptocurrency will be treated as a joke.

"Bter do decide"?? What the fuck are you talking about? Community decides, Bter does shit.

[cadexn]

If Bter do decide to perform a rollback, cryptocurrency will be treated as a joke.

"Bter do decide"?? What the fuck are you talking about? Community decides, Bter does shit.

I have edited it out to community. calm down

[hl5460]

It seems that the Chinese community are pretty cool with the loss. It seems that the bter's registered capital is 2m RMB only. and the 50m nxt worth 10m RMB at its current rate.

http://8btc.com/thread-6750-1-1.html

[newuser01]

Now we will see if NXT is decentralized or not


rollback = centralized