Chat Logs Allegedly Show Bter Creating and Pumping Its Own Coin
[Update: We are being told that the 1:1 exchange idea was shot down by the BitBay community, deciding instead to rebrand]. Note: The currency mentioned in this article is called BitBay and should not be confused with the Poland-based Litecoin and Bitcoin exchange that shares the same name. [2014-11-03 1:38:58 PM] *** International Rob has shared contact details with linhan.ee. *** [2014-11-05 11:06:03 AM] *** Call to linhan.ee, duration 13:43. *** [2014-11-11 9:36:33 AM] linhan.ee: Hi bob, would you please let me know your deposit account? [2014-11-11 9:37:14 AM] International Rob:....
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Stay away from Bter.com. We have received multiple reports from different users of the cryptocurrency exchange Bter.com that they have lost their cryptocurrencies using the exchange. After investigating Bter, it's clear that they seem to have a big problem with their service or that they are stealing coins from their users. We sent Bter an email yesterday giving them 24 hours to respond regarding the alleged accusations, but we have not heard a single word from them yet. Users of Bter.com are also complaining about the lack of support and response from their customer service (if they....
Popular Chinese Bitcoin exchange Bter went offline after being struck by a 7,170 BTC theft. The incident first came to the spotlight when some of the Bter users noticed a number of elite transactions moving from Bter's cold wallet to a random Bitcoin wallet address. After their successful completion, the aforesaid amount was further transacted to another wallet, a screenshot of which can be seen below. A few hours after the suspicious Bitcoin fund transfers, Bter issued a notice describing the actuality of this event. "7,170 BTC got stolen from our cold wallet in the transaction," the....
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Bter announces plans to refund 20,000 affected customers. It has been a difficult month for Bitcoin exchange Bter. On February 14th, 2015, 7,170 BTC was stolen from the exchange. The company launched efforts to trace the stolen bitcoins which led them to the mixing service known as Bitcoin Fog. In an exclusive interview with CCN, Bter officials explained that about 20,000 users were affected by the heist. The efforts at recovering the money from Bitcoin Fog have so far been unsuccessful. Bter has therefore opted to refund all of their clients who lost their bitcoins, a process that the....