Do Cryptocurrency Exchanges steal or are they just badly built? Keep away from Bter.com
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....
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According to reports from the NXT community and BTER, a rollback is no longer being actively considered. BTER announced on Twitter that it would seek to retrieve the stolen funds through other means. The company said: We have decided not to rollback but get the stolen funds back from the hacker since we have got lots of information of him. - Bter.com Exchange (@btercom) August 15, 2014. Update (15th August 22:15 BST): Updated with feedback from NXTOrganization. BTER is reporting that 50m NXT, or roughly $1.65m at press time, has been stolen from its exchange following an attack on one of....
At 12:06 local time, Bter, one of China's larger Bitcoin exchanges, posted an announcement to its website announcing a temporary suspension of deposits. What's more is Bter cites official regulation that they were just informed of, as the ultimate reason for this incredible convenience to its users. Bter not only offered RMB to BTC markets but also RMB to LTC, Dogecoin, Auroracoin, and even Counterparty (XCP). Many Bitcoiners on both sides of the Pacific are wondering if other Chinese Bitcoin exchanges will soon follow suit and suspend CNY deposits. In the meantime, CNY withdrawals, as....
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....
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....
The newly rebuilt Bter.com, one of the world's largest altcoin trading platforms, has announced that it has joined forces with JUA.com and is stepping up its security system. It has also set forth a plan for repaying all users who lost funds due to a recent theft. On the security side, JUA.com will provide 100 percent cold wallet escrow storage of users' funds, and will gradually take on hot wallet security for deposits and withdrawals as well. Bter has already worked with JUA.com since the hack to review all security-related code, and has completely rebuilt the trading platform's back....