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Author Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE |  (Read 119637 times)
abyrnes81
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April 03, 2015, 06:07:03 PM
 #1101

Didn't get my MSC deposit on BTER for 10 days now, some lame excuses via email..  service is shit.

Why have you deposited on bter.com after their "hack"? You supposed to withdrawn everything and stop to use that exchange.
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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mishax1
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April 03, 2015, 06:10:08 PM
 #1102

Didn't get my MSC deposit on BTER for 10 days now, some lame excuses via email..  service is shit.

Why have you deposited on bter.com after their "hack"? You supposed to withdrawn everything and stop to use that exchange.

I only use it for arbitrage opportunity, I did get my coins out of there after the hack.
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April 03, 2015, 07:59:24 PM
 #1103

..........
The coins were sent through a mixer so they are impossible to trace now. Some people tried but gave up once they went through the mixer. Bter even offered a reward to anyone who could trace where they went.

offering a reward won't bring the coins back at this stage. as you say they had plenty of time to mix the coins.
Wrong. A mixer isn't a final step for privacy. Yes, a mixer does help but it can be traced. It is just very difficult(!), so hopefully Bter gets lucky.

Has anyone ever managed to trace coins sent through a mixer, or is it only theoretically possible? I guess it might be harder to trace coins sent through a high volume mixer.
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April 09, 2015, 02:35:17 PM
 #1104


Has anyone ever managed to trace coins sent through a mixer, or is it only theoretically possible? I guess it might be harder to trace coins sent through a high volume mixer.

The problem is even though they might be traced to some point, but its almost impossible to know what mixer/site they finally are at. Even if it  goes through an exchange address, it would be hard to know which one. The only thing exchanges can do is collaborate and block the coins that they receive from addresses linked with the hack.

But it would almost be impossible to trace it I suppose. They also split it into many parts which makes it harder to trace.

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April 12, 2015, 07:19:51 AM
 #1105

Even if those funds went directly to another exchange those incompetent BTER admins couldn't stop them.
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April 17, 2015, 01:30:12 PM
 #1106

Over 3 weeks have passed since my deposit to BTER.. still waiting for the funds to appear on my account...  service is shit.
redsn0w (OP)
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April 17, 2015, 02:20:27 PM
 #1107

Over 3 weeks have passed since my deposit to BTER.. still waiting for the funds to appear on my account...  service is shit.

Which coin have you deposited? Why have you deposited? The bter service is not one of the better service when we are talking about the cryptocurrency exchange.


However they still have not provided a full and qualitative *response to what was happend those days. How the cold storage has been hacked? And other minor things. So I do not think there is a valide reason to start use their service again.



*if someone know something about that explanation, can he please send  me the various stuff. Thanks for the attention.
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April 18, 2015, 08:01:54 AM
 #1108

Over 3 weeks have passed since my deposit to BTER.. still waiting for the funds to appear on my account...  service is shit.

Which coin have you deposited? Why have you deposited? The bter service is not one of the better service when we are talking about the cryptocurrency exchange.


However they still have not provided a full and qualitative *response to what was happend those days. How the cold storage has been hacked? And other minor things. So I do not think there is a valide reason to start use their service again.



*if someone know something about that explanation, can he please send  me the various stuff. Thanks for the attention.

It was mastercoin, and I have finally received the coins.   like I said before, I only used it to arbitrage..
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April 21, 2015, 03:13:15 PM
 #1109

Less they try to pay users fund. İs there anyone here who got payment from mtgox, bitstamp or another service which hacked?

You are right, no one has received payment from bitstamp or mt.gox but bitstamp.net has offered 0% fee ...
I haven't heard that somebody had any problems withdrawing funds from Bitstamp. I withdrew all my BTC and USD from them after the hack without any problems.

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April 28, 2015, 06:23:54 PM
 #1110

hi
anyone know when or how,  BTC Pending BTC_B  will be refund?

thanks
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April 29, 2015, 01:27:52 PM
 #1111

How long do you think it will take BTER to raise $1.5M?  That's a lot of fees.
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April 29, 2015, 05:27:17 PM
 #1112

hi
anyone know when or how,  BTC Pending BTC_B  will be refund?

thanks

I think you should contact BTER support. Mostly Chinese officer  Sad
I'm also wonder how I'm able vote on those exchanger


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May 01, 2015, 05:20:40 PM
 #1113

How long do you think it will take BTER to raise $1.5M?  That's a lot of fees.

It seems that they have started selling their dogecoin stash. 1 billion out of 4.5 in their cold wallet is gone, 2 more are sent to other wallets. I don't keep an eye on other altcoins, anyone can expand more on the state of matters regarding their stashes of other cryptocoins?
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May 01, 2015, 05:31:08 PM
 #1114

How long do you think it will take BTER to raise $1.5M?  That's a lot of fees.

I really don't think they will personally, they have even less volume now than they did before and they was not massive before just totally average to be honest. So today they have just $51,000 volume and they take about 0.2 % If my math is with it that is about $100 which must be putting them at a loss daily. I would get my coins from there asap because they will close shop unless they sell.

How long do you think it will take BTER to raise $1.5M?  That's a lot of fees.

It seems that they have started selling their dogecoin stash. 1 billion out of 4.5 in their cold wallet is gone, 2 more are sent to other wallets. I don't keep an eye on other altcoins, anyone can expand more on the state of matters regarding their stashes of other cryptocoins?

Interesting I figure they will be doing this because they need to don't they, they are at a loss everyday just staying open. I am going to take a look when I get a spare few hours to and I will update the thread if no one has done it sooner..
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May 01, 2015, 07:00:08 PM
 #1115

It seems that they have started selling their dogecoin stash. 1 billion out of 4.5 in their cold wallet is gone, 2 more are sent to other wallets. I don't keep an eye on other altcoins, anyone can expand more on the state of matters regarding their stashes of other cryptocoins?

Interesting I figure they will be doing this because they need to don't they, they are at a loss everyday just staying open. I am going to take a look when I get a spare few hours to and I will update the thread if no one has done it sooner..

By all appearances, their recent massive sells have already affected the price of dogecoin dramatically. If I remember correctly, they also have (had) a good stash of nxt coins, and their price presently doesn't shine either.
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May 02, 2015, 08:44:26 AM
 #1116

man i would be ok if they just refund 75% of my btc Smiley

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May 07, 2015, 05:39:21 PM
 #1117

A little bump to know if there is something new about this question, let me know.

Thanks.
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May 17, 2015, 07:39:35 PM
 #1118

BTER don't want to withdraw my ARCH for quite a few weeks...
Suggest not using BTER services.
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May 18, 2015, 01:16:32 AM
 #1119

SO glad I stopped using BTER months before this happened shame to see it happened and many other exchanges getting hacked. but the question comes did they really get hacked or just another cover up story to move away. If really got hacked and everyone at loss then indeed it is a shame and is going to take some work to recover from it or to even continue business. I think with every exchange should have some sort of reserve funds that have enough capital and insurance for unseen events happening to put into the business as a security locked up sealed until such events happen and can easily recover with insurances.

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May 27, 2015, 01:55:48 PM
 #1120


BE YOUR OWN BANK
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