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Author Topic: [2015-02-21] CD: BTER Unable to Repay Customers Following Alleged Exchange Heist  (Read 2091 times)
LiteCoinGuy
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February 21, 2015, 08:23:33 AM
 #1

BTER Unable to Repay Customers Following Alleged Exchange Heist

Defunct cryptocurrency exchange BTER claims it doesn't have enough funds to reimburse all its users, following an alleged seven-figure hack.

http://www.coindesk.com/bter-unable-to-repay-customers-following-alleged-exchange-heist/


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February 22, 2015, 04:02:22 AM
 #2

Cheesus H. Christ.

This is out of control.

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February 22, 2015, 09:49:48 PM
 #3

It's not really a big surprise.

For such exchange 7000 coins is not something it can overcome.

Is there any information about how much Bitcoin BTER has in reserve, or had?

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February 23, 2015, 07:10:38 AM
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This is the second time that BTER has been hacked in a time span of 6 months. Either they were extremely careless, or this time it was an inside job.  Huh

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Mowcore
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February 23, 2015, 12:14:52 PM
 #5

Only a few weeks before BTER got hacked, I started mining some shit coin for shits and giggles. I must of mined $0.50c of this shit coin directly into BTER, and now it's gone! care? nope lol.
What I did notice was the deposit bonus "promotion" they were doing, as if they wanted as many deposits as possible for some event which had not come to pass yet....

fishy!

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February 23, 2015, 01:12:09 PM
 #6

This is the second time that BTER has been hacked in a time span of 6 months. Either they were extremely careless, or this time it was an inside job.  Huh

It's very likely to think it was an inside job. If not, they just don't care about losing 7K BTC.

Cold wallet isn't something that get hacked if stored right. From that perspective you can say it was probably an inside job.

Some people clearly can't resist the fact that they can access/steal over $1M worth of coins in just a short time.

People should stop with leaving funds on such poor secured exchanges. Keep everything in your offline wallet.

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February 23, 2015, 04:11:06 PM
 #7

Pretty obvious they're not going to pay anyone back. They can't get out of this one...
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