olcaytu2005
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Activity: 1470
Merit: 1024
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February 19, 2015, 05:39:49 PM |
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i dont have bitcoin on Bter. but i have data,feather and qora coin in there. is theese coin secure??
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Cassius
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Activity: 1764
Merit: 1031
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February 19, 2015, 05:46:39 PM |
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i dont have bitcoin on Bter. but i have data,feather and qora coin in there. is theese coin secure??
Define 'secure'. They are there, they have not been stolen. Whether or when they will be released is another question. BTER have said they will start enabling withdrawals in the next week or so. We will see. |
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tee-rex
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February 19, 2015, 05:51:04 PM |
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i dont have bitcoin on Bter. but i have data,feather and qora coin in there. is theese coin secure??
Define 'secure'. They are there, they have not been stolen. Whether or when they will be released is another question. BTER have said they will start enabling withdrawals in the next week or so. We will see. They said that "CNY and USD withdrawals will be enabled first in these days". That was yesterday, and if they really start withdrawals of fiat one of these days, then there is hope for cryptos as well. |
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readysalted89
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February 19, 2015, 07:15:40 PM |
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i dont have bitcoin on Bter. but i have data,feather and qora coin in there. is theese coin secure??
Define 'secure'. They are there, they have not been stolen. Whether or when they will be released is another question. BTER have said they will start enabling withdrawals in the next week or so. We will see. They said that "CNY and USD withdrawals will be enabled first in these days". That was yesterday, and if they really start withdrawals of fiat one of these days, then there is hope for cryptos as well. The website's not changed in days and there have only been three bter tweets since the hack. The lack of regular updates is worrying. People would be reassured if they posted a clear roadmap of what they plan to do and when they plan to do it. They are not handling this very well by keeping us all guessing. |
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Jcga
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Activity: 2590
Merit: 1089
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February 19, 2015, 07:38:31 PM |
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I have received this mail today (feb. 19th) "Dear Sir, Please kindly keep an eye on bter.com for the update Best Regards" Go go BTER. Best wishes  |
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tee-rex
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February 19, 2015, 08:11:07 PM |
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i dont have bitcoin on Bter. but i have data,feather and qora coin in there. is theese coin secure??
Define 'secure'. They are there, they have not been stolen. Whether or when they will be released is another question. BTER have said they will start enabling withdrawals in the next week or so. We will see. They said that "CNY and USD withdrawals will be enabled first in these days". That was yesterday, and if they really start withdrawals of fiat one of these days, then there is hope for cryptos as well. The website's not changed in days and there have only been three bter tweets since the hack. The lack of regular updates is worrying. People would be reassured if they posted a clear roadmap of what they plan to do and when they plan to do it. They are not handling this very well by keeping us all guessing. They may themselves be still in suspension about what to do next. I mean if the exchange changes owner (read they are negotiating "surrender" terms right now), and all the debts are covered by this investor, then it may open as if nothing wrong has happened at all. Otherwise, they may have to cease all operations save for the withdrawals of the remaining funds only. And I don't even mention the obvious option they are just wicked scammers and are trying to buy some time to cover their tracks. |
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redsn0w (OP)
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Activity: 1778
Merit: 1042
#Free market
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February 19, 2015, 08:16:59 PM |
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A simple question :
If they will reopen their cryptocurrency exchange, will you use it again or not ? Please (if you want) reply with also the motivation, thanks.
I don't have any update but there are some rumors (they will sell their exchange but I'm not sure).
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tee-rex
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February 19, 2015, 08:20:29 PM |
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A simple question :
If they will reopen their cryptocurrency exchange, will you use it again or not ? Please (if you want) reply with the motivation, thanks.
The question is not so simple since there are many ifs and whens. In short, it all depends when they will reopen the exchange, and if they are going to reimburse the stolen funds. In my opinion, bter was the best altcoins exchange out there (I mean liquidity, before anything else). |
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entertainment
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February 19, 2015, 09:05:29 PM |
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If they refund the stolen bitcoins somehow I will continue using Bter, if not I'm out. Forever.
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olcaytu2005
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Activity: 1470
Merit: 1024
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February 19, 2015, 09:11:24 PM |
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If they refund the stolen bitcoins somehow I will continue using Bter, if not I'm out. Forever.
we are the same at this topic. |
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Jcga
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Activity: 2590
Merit: 1089
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February 19, 2015, 09:29:59 PM |
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"If they will reopen their cryptocurrency exchange, will you use it again or not ?" Yes i Will, if not, I quite cause i have lost time and money at MtGox, at CryptoRush, at Black Arrow miners... and then at Bter. My moral is finally down. Go go Bter.com |
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Borisz
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February 20, 2015, 12:27:57 AM |
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If they refund the stolen bitcoins somehow I will continue using Bter, if not I'm out. Forever.
we are the same at this topic. I'm not sure if I would ever go back. Depends on how they handle the situation. Part of the trust is gone. |
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almightyruler
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Activity: 2268
Merit: 1092
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February 20, 2015, 06:57:36 AM |
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Google translate on their Weibo page suggests that the hacker compromised the mechanism for refilling the hot wallet from the 'cold', allowing them to empty it.
That would mean the wallet is electronically connected (can generate and propagate its own transactions) which really means the wallet was "warm"... Would you really need nearly 2 million dollars worth of BTC on call, "just in case"? The majority of that should have been in offline, truly cold storage; it would take a few hours at most for a staff member to fund the hot wallet if a customer or customers needed to withdraw large amounts of BTC. |
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Cassius
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Activity: 1764
Merit: 1031
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February 20, 2015, 08:02:47 AM |
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Yes. Looks like they took shortcuts and got burned.
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redsn0w (OP)
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Activity: 1778
Merit: 1042
#Free market
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February 20, 2015, 10:22:36 AM |
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If they refund the stolen bitcoins somehow I will continue using Bter, if not I'm out. Forever.
"If they will reopen their cryptocurrency exchange, will you use it again or not ?" Yes i Will, if not, I quite cause i have lost time and money at MtGox, at CryptoRush, at Black Arrow miners... and then at Bter. My moral is finally down. Go go Bter.com If they refund the stolen bitcoins somehow I will continue using Bter, if not I'm out. Forever.
we are the same at this topic. I'm not sure if I would ever go back. Depends on how they handle the situation. Part of the trust is gone. Thanks for your opinions, I will not re-use bter as cryptocurrency exchange; why ? Because this is the second "hack" and they aren't "professional and secure" this is my personal opinion. |
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mishax1
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Activity: 2898
Merit: 1017
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February 20, 2015, 10:33:31 AM
Last edit: February 20, 2015, 10:45:10 AM by mishax1 |
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Google translate on their Weibo page suggests that the hacker compromised the mechanism for refilling the hot wallet from the 'cold', allowing them to empty it.
That might explain the two transaction 10 minutes prior the 7K. 1 and 2 |
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stdset
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February 20, 2015, 10:38:37 AM |
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Google translate on their Weibo page suggests that the hacker compromised the mechanism for refilling the hot wallet from the 'cold', allowing them to empty it.
That might explain the two transaction 10 minutes prior the 7K. 1 and 2What a smart insider would do? He would steal privkeys, import them to his wallet, then wait for a withdrawal from the cold wallet, immediately after that he would empty their cold wallet to make it look like they got a trojan on their cold wallet system, which wasn't truly cold if that happened. We can't be sure what exactly happened. It looks like it was a trojan, but insider theft would probably look exctly the same. |
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tee-rex
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February 20, 2015, 10:39:09 AM |
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Google translate on their Weibo page suggests that the hacker compromised the mechanism for refilling the hot wallet from the 'cold', allowing them to empty it.
That might explain the two transaction 10 minutes prior the 7K. 1 and 2Yeah, and the final balance is 160 bitcoins as of now. So they have something in the stash, and not all of their bitcoins got stolen. |
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mishax1
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Activity: 2898
Merit: 1017
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February 20, 2015, 10:45:24 AM |
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Google translate on their Weibo page suggests that the hacker compromised the mechanism for refilling the hot wallet from the 'cold', allowing them to empty it.
That might explain the two transaction 10 minutes prior the 7K. 1 and 2Forget what I said, that doesn't make sense, since the funds went directly from the cold wallet to the hackers address and not to the hot wallet. So I looks like the "hacker" didn't have access to the hot wallet or it wasn't in his interest to empty it. |
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stdset
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February 20, 2015, 10:48:53 AM |
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Forget what I said, that doesn't make sense, since the funds went directly from the cold wallet to the hackers address and not to the hot wallet.
So I looks like the "hacker" didn't have access to the hot wallet or it wasn't in his interest to empty it.
17o5z is one of Bter's hot wallet addresses. |
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