Author Topic: Is it possible that some exhanges was not informed about the bts snapshot?  (Read 3835 times)

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Offline liondani

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This was sent to a bittrex customer after he sent funds!

Ryan Hentz


Ryan Hentz (Bittrex)

Oct 14, 13:00

Hi,

I'm opening a ticket to inform you that we have locked your account while we investigate a rollback of BTS transactions that happened after the BTS 2.0 rollout which Bittrex was not informed about. I will reply to this ticket when we have more information.

Thank you
,


Offline liondani

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@bytemaster

Offline coiner

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I sent funds 4 HOURS BEFORE SNAPSHOT

http://i.imgur.com/g5jZY95.png

I sent 200.000 BTS to Bittrex at 11:06 CEST 13 October. This is 4 HOURS BEFORE SNAPSHOT at 9:00 AM EST. Time conversion table here -> http://i.imgur.com/yhENOjA.png

Thanks for helping

Offline bytemaster

I did not contact that particular exchange individually.   

We gave the whole world NOTICE 30 days in advance and made posts on the proper threads where all upgrade announcements are posted.   
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline liondani

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can anybody confirm here which was the last block before snapshot?

Offline liondani

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can anybody confirm here which was the last block before snapshot?

was it  3826176 ?

Offline Ander

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Every exchange aside from poloniex is probably now claiming they werent informed.  lol.  How can everyone be so unaware of BTS.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline mike623317

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Im surprised if the team didnt reach out to each exchange we're listed on. I know there was the 30 day count down, but if we're listed you would think we have a contact there. Anyway, move on.

Offline coiner

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can anybody confirm here which was the last block before snapshot?

was it  3826176 ?


So they received my coins 1350 blocks BEFORE snapshot. They have it in the genesis 2.0 of THEIR WALLET. The point now is if IS BITTREX HONEST OR NOT?

Offline xiahui135

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this is where the dump come from. If i have known there is a exchange have not update, i will transfer my old coin, and dump all of it for btc.

Offline xiahui135

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Re: Is it possible that some exhanges was not informed about the bts snapshot?
« Reply #10 on: October 14, 2015, 11:55:39 pm »
I can not imagine this can be true! If this is a company not a community, we can do better.

Offline phillyguy

Is it possible that some exhanges was not informed about the bts snapshot?
« Reply #11 on: October 14, 2015, 11:56:40 pm »
can anybody confirm here which was the last block before snapshot?

was it  3826176 ?


So they received my coins 1350 blocks BEFORE snapshot. They have it in the genesis 2.0 of THEIR WALLET. The point now is if IS BITTREX HONEST OR NOT?

Whether they are dishonest or misinformed, you still sent them BTS four hours before the snapshot and chose to trust a centralized exchange. Hard to blame them when this painful lesson has been learned by others numerous times before.

Fortunately for us, the solution to centralized exchanges has arrived.

EDIT: Bittrex has disabled the BTC/BTS Market. BTER did the same thing yesterday.
« Last Edit: October 15, 2015, 12:00:55 am by phillyguy »
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Offline coiner

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Re: Is it possible that some exhanges was not informed about the bts snapshot?
« Reply #12 on: October 15, 2015, 12:42:44 am »
That is bullshit. Crypto is less and less the wild west. This is not 2012 anymore. We see people being made responsible of their acts more and more. Justice slow like a snail, right but there is people watching, consequences just happen months or years later but do happen.

Bittrex could have a bucket shop? We will see in some hours if they are serious and honest or not.

I will open a FINCEN complain and post in all crypto subreddits if i don't get my money very soon.

I am DAMN tired of SCAMS.
Enough scams, they are hurting all of us.
« Last Edit: October 15, 2015, 12:48:57 am by coiner »

Offline coiner

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Re: Is it possible that some exhanges was not informed about the bts snapshot?
« Reply #13 on: October 15, 2015, 12:53:49 am »
Financial Crimes Enforcement Network
https://en.wikipedia.org/wiki/Financial_Crimes_Enforcement_Network

Virtual Currencies
In July 2011, FinCEN added “other value that substitutes for currency” to its definition of money services businesses in preparation to adapt the respective rule to virtual currencies.[6] On March 18, 2013 FinCEN issued an interpretive guidance regarding virtual currencies,[7] according to which, exchangers and administrators, but not users of convertible virtual currency are considered money transmitters, and must comply with rules to prevent money laundering/terrorist financing ("AML/CFT") and other forms of financial crime, by record-keeping, reporting and registering with FinCEN. Jennifer Shasky Calvery, director of FinCEN said, “Virtual currencies are subject to the same rules as other currencies. … Basic money services business rules apply here.”[8]

At a November 2013 Senate hearing Calvery stated, "It is in the best interest of virtual currency providers to comply with these regulations for a number of reasons. First is the idea of corporate responsibility," contrasting Bitcoin's understanding of a peer to peer system bypassing corporate financial institutions. She stated that FinCEN collaborates with the Federal Financial Institutions Examination Council, a congressionally-chartered forum called the "Bank Secrecy Act (BSA) Advisory Group" and BSA Working Group to review and discuss new regulations and guidance, with the FBI-led "Virtual Currency Emerging Threats Working Group" (VCET) formed in early 2012, the FDIC-led "Cyber Fraud Working Group", the Terrorist Financing & Financial Crimes-led "Treasury Cyber Working Group", and with a community of other financial intelligence units.[1] According to the Department of Justice VCET members represent the FBI, the Drug Enforcement Administration, multiple U.S. Attorney’s Offices, and the Criminal Division’s Asset Forfeiture and Money Laundering Section and Computer Crime and Intellectual Property Section.[9]

I give them 24 hours. If not i am going to ask these people why i get a 25% devaluation of an asset by some exchanges when my funds ARE LOCKED without any reason. Holy fucking shit i could just be a grandfather interested on this after reading forbes. ENOUGH SCAMS. How many dissapearing exchanges since 2012? 15 already? Incredibly ultra iliquid market being dumped by 25% while 2 of the exchanges BTER and BITTREX hold/lock coins, remove the market.



« Last Edit: October 15, 2015, 01:19:51 am by coiner »

Offline tonyk

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Re: Is it possible that some exhanges was not informed about the bts snapshot?
« Reply #14 on: October 15, 2015, 12:54:20 am »
That is bullshit. Crypto is less and less the wild west. This is not 2012 anymore. We see people being made responsible of their acts more and more. Justice slow like a snail, right but there is people watching.

Bittrex could have a bucket shop? We will see in some hours if they are serious and honest or not.

I will open a FINCEN complain and post in all crypto subreddits if i don't get my money very soon.

I am DAMN tired of SCAMS.
Enough scams, they are hurting all of us.

@coiner you have lost the time of many here and in whatever crappy exchange you decide to transfer to, few hour before the snapshot.

How about I give 10 times, your potential but never occurring  loss, for just stopping the crying?

bts account please!
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.