Bicknellski 276 Posted February 23, 2015 Author Share Posted February 23, 2015 BTER lost a few million. I am trying to get my coins out. Problem it is in CNY. I wanted it in FRC. Hope things reopen. Be nice to get my 40K worth of FRC. https://bter.com/trade/FRC_CNY 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. The Chinese exchange closed earlier this week, issuing a statement via its website that 7,170 BTC had disappeared from its offline wallet – around$1.75m at press time. Speaking to CoinDesk, a BTER spokesperson claimed CNY and USD withdrawals would resume within a week. However, the company said it is still exploring different options to make all its customers whole, including selling the platform. "Hopefully a qualified party (especially a trusted security team) will take charge of it in the future," the spokesperson said. Second hack in six monthsTwitter users expressed disappointment and suspicion following the closure, which marks the exchange's second high-profile breach in six months. In August BTER lost 50m NXT, then worth around $1.65m, which, according to reports, was partially returned following negotiations with the hacker. This time, reimbursement of the platform’s various cryptocurrencies, including NXT and counterparty, remains uncertain. The spokesperson simply reiterated the company's earlier Twitter announcement that withdrawals would be running "soon", after BTER's wallets are declared safe. The individual did not provide further clues as to how the company's cold wallet was allegedly compromised, adding only that "the trading platform was never affected but we need to make sure the wallet environment is safe for withdrawals". Vigilante bountyAccording to its Weibo post, the exchange has reported the incident to local authorities. Additionally, the company said a 750 BTC bounty is on the table for vigilante hackers willing to "chase back" the stolen funds, which the exchange claims documented in this transaction. The spokesperson said BTER's team were following up a number of bounty hunters' leads: "Got a lot of useful information from our users. We are working on it." If verified, the BTER hack is the second biggest this year, following the £5.1m that vanished after Bitstamp’s hot wallet was compromised in January. Hong Kong company MyCoin, which made headlines this month with rumours of a possible $386.9m hack (over 10% of bitcoins currently in circulation), is now believed to be a ponzi scheme that did not hold digital currency at all. Link to post Share on other sites
Bicknellski 276 Posted March 11, 2015 Author Share Posted March 11, 2015 Maybe BTER is coming back. I hope I can get my CNY > FRC and out with FRC this week. I wonder if they are going to continue? Link to post Share on other sites
Fabrizio 162 Posted March 11, 2015 Share Posted March 11, 2015 They seem to have opened their markets again? https://twitter.com/btercom"@btercom: No trading FEE in all BTER's markets for one month to thank all of you for your support !" "@btercom: Bter Announcement: Continue to operate and pay back to users.Check the details and the payback plan at https://bter.com/article/4760" *edit: Login works and balances are visible (unlike earlier), but trading is still disabled.*edit2: Withdrawal is also disabled: "FRC withdrawal is disabled" Link to post Share on other sites
Bicknellski 276 Posted March 12, 2015 Author Share Posted March 12, 2015 Ya frustrating. I want to liberate my money. Keep checking. I just sold my CNY for BTC... hoping to get some FRC from this soon as they reopen trading. Should be able to get some CHEAP FRC given someone is dumping it. Link to post Share on other sites
Bicknellski 276 Posted June 10, 2015 Author Share Posted June 10, 2015 I have asked Indonesian Bitcoin Exchange about adding FRC. -----Original Message-----From: Darin Bicknell Sent: Wednesday, June 10, 2015 11:23 AM> We would like to see FRC or Freicoin added to Bitcoin.co.id. How do> we make that happen? Response: Dewi 10:32 AM (14 minutes ago)Halo Bapak/Ibu Darin,Wait a moment Sir/Madam , We will confirm in advance to our finance team.Thank You.Regrads,Dewihttp://bitcoin.co.id Arcurus 1 Link to post Share on other sites
Rik8119 242 Posted February 18, 2016 Share Posted February 18, 2016 So.. Cryptsy hacked... Bter hacked.. again.. Bleutrade and c-cex.xom dont show anything. So AksCoin the only one left? Rik Link to post Share on other sites
Bicknellski 276 Posted February 19, 2016 Author Share Posted February 19, 2016 BTER still up selling FRC. Bluetrade took FRC down no volume AskCoin still up selling FRC. C-cex.xom? Never heard that one. Crypsty dead. Vircurex I believe still trades FRC. I have tried also to get the Indonesian exchange to add FRC. No luck. Bitcoin Indonesia - Buy and Sell Bitcoin https://www.bitcoin.co.id/ My thoughts are these: 1. The very nature of all these hackable exchanges are built on unnecessary trust in a 3rd party. Keeping coins in 3rd party hands at this point in time at any exchange is foolish. Given the advance in the internet and encryption there are better ways to trade coins. 2. We need an exchange platform that allows for direct trade / exchange without a 3rd party having control over the coins. 3. We should fork the Bitcoin OTC and improve on it for FRC. http://www.coindesk.com/bitcoin-brokers-trade-millions-without-exchange/ Link to post Share on other sites
Rik8119 242 Posted February 19, 2016 Share Posted February 19, 2016 Yes, Bter still online, but i do not know if i still trust them with coins.. Interesting point with OTC.. Bicknellski 1 Link to post Share on other sites
Bicknellski 276 Posted February 19, 2016 Author Share Posted February 19, 2016 I agree. I don't trust any exchanges. MtGox, Bter, Cryptsy etc. OTC has some good advantages. I would like see that some how integrated into the FRC client. Would be ideal. Link to post Share on other sites
fedde 311 Posted February 22, 2016 Share Posted February 22, 2016 Going to spend some time today on OTC to see how it works and if there is a easy way to make it freicoin friendly and do some tests. Bicknellski 1 Link to post Share on other sites
Rik8119 242 Posted February 23, 2016 Share Posted February 23, 2016 BTW: Last trade on askcoin.net: 0.00097500 finally we are rich.. again... Link to post Share on other sites
fedde 311 Posted February 24, 2016 Share Posted February 24, 2016 Haaha, nice Well, i think the best place is to move all the freicoin trades over to askcoin as this is the only exchange that actually got demurrage on the orderbook plus i have spoke quite a bit with the owner when he set it up. And the fee for deposits and withdraw are probarly better than bter. Link to post Share on other sites
Rik8119 242 Posted February 24, 2016 Share Posted February 24, 2016 Yeah, i am impressed. They did a great job with demurrage inside the orders, glad we have them on board.. Link to post Share on other sites
Bicknellski 276 Posted February 26, 2016 Author Share Posted February 26, 2016 This webpage is not available DNS_PROBE_FINISHED_NXDOMAIN The server at askcoin.net can't be found, because the DNS lookup failed. DNS is the network service that translates a website's name to its Internet address. This error is most often caused by having no connection to the Internet or a misconfigured network. It can also be caused by an unresponsive DNS server or a firewall preventing Google Chrome from accessing the network. Link to post Share on other sites
Rik8119 242 Posted February 26, 2016 Share Posted February 26, 2016 Really??? Next one down? Oh common, are they kidding us? Link to post Share on other sites
Bicknellski 276 Posted February 26, 2016 Author Share Posted February 26, 2016 Don't know Rik. I think the idea of exchanges carrying a nearly dead coin with no volume or keeping an exchange open that has low volume is just not feasible. Hence an OTC for FRC seems the best option to me moving forward. Link to post Share on other sites
Rik8119 242 Posted February 26, 2016 Share Posted February 26, 2016 Definitively.. Link to post Share on other sites
Rik8119 242 Posted February 29, 2016 Share Posted February 29, 2016 Askcoin's back.. for now.. No comment found Link to post Share on other sites
Bicknellski 276 Posted March 1, 2016 Author Share Posted March 1, 2016 I noted now they required pictures and ID for using the exchange that is relatively new is it? Link to post Share on other sites
fedde 311 Posted March 2, 2016 Share Posted March 2, 2016 No, it's for Fiat deposit. Have tried to reach owner with no luck. So until he gives a sound, use with caution as always Link to post Share on other sites
Rik8119 242 Posted March 18, 2016 Share Posted March 18, 2016 Ok, withdrawals from Askcoin not working. No response from the support. I think we could write this one of.. Link to post Share on other sites
Fabrizio 162 Posted March 18, 2016 Share Posted March 18, 2016 Tried the withdrawal on AskCoin.net as well, and indeed with no success; Withdrawal page -> 'Unlock Form' gives an 'Sending email failed. Please, try again.' error So have to second the note of "Use With Caution!" Link to post Share on other sites
fedde 311 Posted March 19, 2016 Share Posted March 19, 2016 Well, been trying to get a hold of admin for a long time now, no response, so "Use with Caution" Bicknellski 1 Link to post Share on other sites
Bicknellski 276 Posted March 23, 2016 Author Share Posted March 23, 2016 I have noted that the Ethereum also allows for Freicoin or coins to be used on that network. I was wondering has anyone looked into porting FRC to Ethereum? Link to post Share on other sites
Rik8119 242 Posted March 23, 2016 Share Posted March 23, 2016 There was someone mentioning that i should port my project to Ether, but i do not know how and the information on how to work with ether are rather rare and not for me to understand. My main Problem is that i dislike that you are completely dependent on ether once one choose that path and i can not say what the advances are /(except a stable block creation). Bicknellski 1 Link to post Share on other sites
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