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Author Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE |  (Read 119716 times)
Borisz
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February 17, 2015, 05:00:44 PM
 #221

What a bad handling of delicate situation! No update, no word for over 2 days, nothing! I mean Jesus, there is at least 7000 BTC worth of ALTs in their wallets. That is other peoples' money and they don't write a single word for over 2 days!
   
thats a really bad way to handle this situation from bter. Its really hard if you have coins there and dont now anything about what will happen now. Just look some times a day at their site and see always the same text..

I expected them to have communicated by now, Leaving a two day old message in place of their website is outrageous.

Wrote a letter to them with a request to update the information. Advise everyone concerned to do the same... Cool
I believe now like Mintpal they are also running and not giving any coin back to customers

I hope not, they must have over a million dollars worth of alts.

A million you say?

I have an example few months back they was hacked for some of their customers NXT coins! 50million to be close to exact, any ideas how much just that was worth???

$1.5 million plus!

They hold millions and millions in altcoin at a guess i would go with $50+million.

Say bye bye to BTER and hello mega dumps of doge, Nxt, Nubits, Bts, etc etc

Don't know about other altcoins, but they still have 4.5 billion doges sitting in their cold wallet (as of this post), which amounts to over 2.7 million dollars... Cool

The "power" of an altcoin exchange. if they go out of business, I'm curious what will happen to those altcoins  Roll Eyes

Can anyone suggest any other altcoin exchange?
Borisz
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February 17, 2015, 05:01:49 PM
 #222

40m in NXT too (nearly half a million USD alone), plus many NXT assets. Still there, sat in the cold and hot wallets.
They have millions of dollars worth of alts - far, far more than the BTC that was stolen.

If so, this significantly lowers down the possibility of scamming (and no, this doesn't rule it out)... Cool

Anyone know the amount of DRK they had? If scamming yourself, why not use an anonymous coin?
deisik
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February 17, 2015, 05:02:43 PM
 #223

What a bad handling of delicate situation! No update, no word for over 2 days, nothing! I mean Jesus, there is at least 7000 BTC worth of ALTs in their wallets. That is other peoples' money and they don't write a single word for over 2 days!
   
thats a really bad way to handle this situation from bter. Its really hard if you have coins there and dont now anything about what will happen now. Just look some times a day at their site and see always the same text..

I expected them to have communicated by now, Leaving a two day old message in place of their website is outrageous.

Wrote a letter to them with a request to update the information. Advise everyone concerned to do the same... Cool
I believe now like Mintpal they are also running and not giving any coin back to customers

I hope not, they must have over a million dollars worth of alts.

A million you say?

I have an example few months back they was hacked for some of their customers NXT coins! 50million to be close to exact, any ideas how much just that was worth???

$1.5 million plus!

They hold millions and millions in altcoin at a guess i would go with $50+million.

Say bye bye to BTER and hello mega dumps of doge, Nxt, Nubits, Bts, etc etc

Don't know about other altcoins, but they still have 4.5 billion doges sitting in their cold wallet (as of this post), which amounts to over 2.7 million dollars... Cool

The "power" of an altcoin exchange. if they go out of business, I'm curious what will happen to those altcoins  Roll Eyes

Can anyone suggest any other altcoin exchange?

Cryptsy (which I strongly advise against), bittrex (much better than Cryptsy), poloniex (beware, has been thrashed before due to faulty withdrawals)... Cool

Borisz
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February 17, 2015, 05:13:00 PM
 #224

--slip--

Cryptsy (which I strongly advise against), bittrex (much better than Cryptsy), poloniex (beware, has been thrashed before due to faulty withdrawals)... Cool

Sounds like bittrex then  Grin Thanks!
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February 17, 2015, 05:17:05 PM
 #225

40m in NXT too (nearly half a million USD alone), plus many NXT assets. Still there, sat in the cold and hot wallets.
They have millions of dollars worth of alts - far, far more than the BTC that was stolen.

If so, this significantly lowers down the possibility of scamming (and no, this doesn't rule it out)... Cool

Unfortunately not.
Hacking/stealing all altcoins together from many different wallets would be extremely suspicious.
In any case, alts in those volumes are a problem: there's simply not the liquidity to shift them, even if you can get them to an exchange without raising suspicion. When BTER was hacked for 50m NXT, the hacker traded them for a fraction of their value in BTC.
Still, the total amount of alts represents a fairly powerful vote for opening their doors again and letting people withdraw. It's not like BTC was anything like the majority of their reserves.
thunderjet
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February 17, 2015, 05:26:34 PM
 #226

BTER today altcoins assets in cold wallets:

LTC - 30010 ~ 231 BTC

PPC - 92000 ~ 152 BTC

DRK - 47911 ~ 527 BTC

NXT - 35150000 ~ 1638 BTC

DOGE - 4.5 billions ~ 2700 BTC

NMC - 19111 ~ 40 BTC

BLK - 1 million ~ 73 BTC

PTS - 22400 ~ 12 BTC

QRK - 18.34 millions ~ 185 BTC

XPM - 159500 ~ 24 BTC

ZET - 27615175 ~ 124 BTC

FTC - 970000 ~ 15 BTC

MEC - 1560000 ~ 75 BTC

MAX - 2474000 ~ 82 BTC

deisik
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February 17, 2015, 05:29:34 PM
 #227

40m in NXT too (nearly half a million USD alone), plus many NXT assets. Still there, sat in the cold and hot wallets.
They have millions of dollars worth of alts - far, far more than the BTC that was stolen.

If so, this significantly lowers down the possibility of scamming (and no, this doesn't rule it out)... Cool

Unfortunately not.
Hacking/stealing all altcoins together from many different wallets would be extremely suspicious.
In any case, alts in those volumes are a problem: there's simply not the liquidity to shift them, even if you can get them to an exchange without raising suspicion. When BTER was hacked for 50m NXT, the hacker traded them for a fraction of their value in BTC.
Still, the total amount of alts represents a fairly powerful vote for opening their doors again and letting people withdraw. It's not like BTC was anything like the majority of their reserves.

As if stealing from a cold wallet were not utterly suspicious by itself... Roll Eyes

Besides that, after giving out the truth about the hack (whatever it might be), they risk arresting all of their assets! Cool

redsn0w (OP)
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February 17, 2015, 05:39:16 PM
 #228

An important news (I can't verify it) :  http://www.reddit.com/r/Bitcoin/comments/2w5az8/rumors_from_china_bter_told_lies_and_they_never/  (added to the initial post).

There are a lot of rumours. I'm still waiting for THEM to say something.

Yes I know there are a lot of rumors but I would like only to keep this thread *updated* with the most information possible. 
VenusFlyTrap
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February 17, 2015, 05:40:54 PM
 #229

http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin

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February 17, 2015, 05:41:02 PM
 #230

BTER today altcoins assets in cold wallets:

LTC - 30010 ~ 231 BTC

PPC - 92000 ~ 152 BTC

DRK - 47911 ~ 527 BTC

NXT - 35150000 ~ 1638 BTC

DOGE - 4.5 billions ~ 2700 BTC

NMC - 19111 ~ 40 BTC

BLK - 1 million ~ 73 BTC

PTS - 22400 ~ 12 BTC

QRK - 18.34 millions ~ 185 BTC

XPM - 159500 ~ 24 BTC

ZET - 27615175 ~ 124 BTC

FTC - 970000 ~ 15 BTC

MEC - 1560000 ~ 75 BTC

MAX - 2474000 ~ 82 BTC

wow. believe it or not.... still.. where's BTS?

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February 17, 2015, 05:41:14 PM
 #231

40m in NXT too (nearly half a million USD alone), plus many NXT assets. Still there, sat in the cold and hot wallets.
They have millions of dollars worth of alts - far, far more than the BTC that was stolen.

If so, this significantly lowers down the possibility of scamming (and no, this doesn't rule it out)... Cool

Unfortunately not.
Hacking/stealing all altcoins together from many different wallets would be extremely suspicious.
In any case, alts in those volumes are a problem: there's simply not the liquidity to shift them, even if you can get them to an exchange without raising suspicion. When BTER was hacked for 50m NXT, the hacker traded them for a fraction of their value in BTC.
Still, the total amount of alts represents a fairly powerful vote for opening their doors again and letting people withdraw. It's not like BTC was anything like the majority of their reserves.

As if stealing from a cold wallet were not utterly suspicious by itself... Roll Eyes

Besides that, after giving out the truth about the hack (whatever it might be), they risk arresting all of their assets! Cool

It's likely that BTER's 'cold' wallet was lukewarm at best. If it really was set up properly, then an inside job looks even more likely. Could have been a rogue employee or someone who was given too much trust.
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February 17, 2015, 05:43:12 PM
 #232


nothing new here related to Bter hack.

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deisik
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February 17, 2015, 05:43:46 PM
 #233

40m in NXT too (nearly half a million USD alone), plus many NXT assets. Still there, sat in the cold and hot wallets.
They have millions of dollars worth of alts - far, far more than the BTC that was stolen.

If so, this significantly lowers down the possibility of scamming (and no, this doesn't rule it out)... Cool

Unfortunately not.
Hacking/stealing all altcoins together from many different wallets would be extremely suspicious.
In any case, alts in those volumes are a problem: there's simply not the liquidity to shift them, even if you can get them to an exchange without raising suspicion. When BTER was hacked for 50m NXT, the hacker traded them for a fraction of their value in BTC.
Still, the total amount of alts represents a fairly powerful vote for opening their doors again and letting people withdraw. It's not like BTC was anything like the majority of their reserves.

As if stealing from a cold wallet were not utterly suspicious by itself... Roll Eyes

Besides that, after giving out the truth about the hack (whatever it might be), they risk arresting all of their assets! Cool

It's likely that BTER's 'cold' wallet was lukewarm at best. If it really was set up properly, then an inside job looks even more likely. Could have been a rogue employee or someone who was given too much trust.

So you agree that it is unlikely to be a scam scheme from Bter? Cool

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February 17, 2015, 05:44:11 PM
Last edit: February 17, 2015, 06:22:48 PM by redsn0w
 #234


The site appears to have been "hacked".  It is back online, maybe it was only a problem of dns.
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February 17, 2015, 05:46:20 PM
 #235


And the title reads as if Bter got hacked for 175 million bitcoins (the imaginary unit gets envious and feels itself a positive number)... Grin

redsn0w (OP)
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February 17, 2015, 06:24:14 PM
 #236


And the title reads as if Bter got hacked for 175 million bitcoins (the imaginary unit gets envious and feels itself a positive number)... Grin

In the title you can't put  the [comma] and the [dot] , so it is normal the title "appears"  : bter-gets-hacked-for-175-million-in-bitcoin.
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February 17, 2015, 06:48:10 PM
 #237


And the title reads as if Bter got hacked for 175 million bitcoins (the imaginary unit gets envious and feels itself a positive number)... Grin

In the title you can't put  the [comma] and the [dot] , so it is normal the title "appears"  : bter-gets-hacked-for-175-million-in-bitcoin.

You missed the whole point... Cool

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February 17, 2015, 07:07:55 PM
 #238


Is there a Chinese Bitcoin Embassy ?
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February 17, 2015, 07:13:33 PM
 #239


Is there a Chinese Bitcoin Embassy ?

Probably in a quiet corner of a labour camp somewhere.
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February 17, 2015, 07:21:49 PM
 #240

What's going on...

more than 48 hours without any news, believe it or not, i'm really worring Sad

Hope the best for Bter.

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