Anybody knows what is reason for situation at Bter?

[desrever]

after the Spring Festival,

when is that ending?

[NubitGuy]

25 february

[NubitGuy]

update from
weibo.com/btercom

Tracking hackers, we are also seeking all possible ways to compensate for the loss of customers, including the sale of BTER.com trading platform (does not include debt and users of funds), all proceeds from the sale to compensate for the user. Welcome to entities interested contact us to discuss, Email: admin@mail.bter.com.
At 18:12 on February 18 from Professional Edition microblogging

We are seeking all ways to compensate our users including selling http://BTER.com (Debits & funds not included): admin@mail.bter.com

CNY and USD withdrawals will be enabled first in these days and the crypto-coins (NXT etc) will be handled later when we make sure it’s safe.

[NubitGuy]

update from bter twitter

We are preparing for the withdrawals. CNY, USD and NXT withdrawals will be handled first.

[cryptog]

What about the NBT held over there by the custodians?

[creon]

You can now log in to bter, but neither BTC, nor NBT or NSR balances are available, just a “Total funds estimation” in BTC.

[NubitGuy]

bter update feb 22

preparing for the withdrawals.
Due to technical maintenance, suspend the extraction of virtual currency , thank you for your understanding and support

[NubitGuy]

nbt sell side is 93300.908 NBT Total in btc =354.0769 on the buy side is 47699.234 nbt total in btc =178.6336

im pretty sure nubit will get all the NBT back but I doubt any of the lost btc maybe bter will pay them back some how at least getting back 93300.908 NBT Total in btc =354.0769 is not total lost

[NubitGuy]

bter update
We need your help to identify the Bitcoin Mixer: https://blockchain.info/tx/28b3009c7ad8898077b348a943a9c5d8187e1e53e85893d17999b9125bbbab10 …

seem the hacker used BitcoinFog as mixer

http://www.walletexplorer.com/txid/28b3009c7ad8898077b348a943a9c5d8187e1e53e85893d17999b9125bbbab10

[nikolaso]

Bter update

We have handled a large volume of CNY and USD withdrawals and we are going to handle the altcoins in the next step

[NubitGuy]

I have been actively working with bter to locate the lost coins we found many large unspent address some up 1000 btc each and found direct linking to exchanges btc-e btc-e china, Bitstamp bittrex and many more the hacker was using to launder stolen bitcoin also discovered bitcoinfog are using exchanges to use as mixer address so if any stolen bitcoin used they would be laundered in the process and dump on the market

why do I do this you ask? not for the reward im not asking any reward only to get bter reopen for trading because bter was a good nsr market marker & build good relations between Nushareholder and exchanges im glad to say its been a success bter is planning to reopen for trades ;p

at the moment im in contact with btc-e, admins

Bter update

We have decided to rebuild BTER’s backend, completely solve the wallets security issue and re-enable all the trading

decided to work with partners to reconstruct the background, solved the problem of virtual currency wallet safe restart bit child carriers offer more features and better services, reimbursement for loss to customers. More details released soon, sincerely thank you for your support.

[creon]

found direct linking to exchanges btc-e btc-e china, Bitstamp bittrex

Wow this is great, thanks so much for doing this! If these BTC were exchanged to fiat then it should be possible to trace this person back as long as the exchanges cooperate.

[NubitGuy]

Bter update

We are deploying a new trading system, 100% cold wallet managed funds, funds solve security problems. Faster transaction engine, more friendly interface, more functionality, is expected to 24-48 hours to complete, so stay tuned, thank you for your support!

[tomjoad]

It will be interesting to see what their new platform looks like. In terms of exchange hackings, BTER has handled it about as well as can be expected, with official statements at regular intervals and a commitment to reimbursing customers. I do hope that they can regain some of the credibility they’ve lost. They were an excellent exchange for Nu prior to the hacking.

I’ll add BTER back to www.nubits.com/exchanges once it looks like they have resumed operations in full. Whether or not LPCs switch support back to BTER will be a decision for shareholders.

[NubitGuy]

well actually Bter still as 93300.908 NBT still on the sell side last time I check so shareholder might decide just too leave it there or remove it all I would sell half of the remaining NBT once sold use the btc on the buy side so shareholder wouldn’t need to add more funds,

[NubitGuy]

site is back up, still waiting for trading to be enable at this point you can see remaining coins in your balance, or cancel preset orders

biter update
The trading will be enabled soon. Please do double check your balances and the price in your existing orders.

The previous BTC balance has been moved to BTC-B which will be used as the reference for 100% compensating our user’s BTC loss.

[willy]

The timing could not be better, if the overall crypto bull-market persist.

[NubitGuy]

i agree

I notice nsr is still 2006 buy price selling at 1999 when bter kicks in ill be buying up to encourage them and a golden opportunity for nsr too rise bter is a good market marker also another would be is bittrex with their volume API trading

[tehter]

They are doing a really bad job of recovering if they don’t cancel all the orders on the books before starting trading again.

[NubitGuy]

bter started too open a lot altcoin trades, deposit , withdrawals, nsr and nbt will be enable very soon

bter update

No trading FEE in all BTER’s markets for one month to thank all of you for your support !
Bter Announcement: Continue to operate and pay back to users.

500 BTC has been distributed to support the existing orders and another 500 BTC has been distributed to all user’s balances based BTC_B.

The past twenty days had been tough for bter. 7170 BTC was stolen on Feb 14 from Bter. With the help of the security teams and the kind cryptocurrency enthusiasts, we traced the stolen BTC to Bitcoin Fog, a widely known BTC mixer. We have tried to reach the operator of Bitcoin Fog via several channels, but no single reply has been received yet. We made a decision to undertake all the loss and try any possible way to pay back all users’ BTC quickly. Meanwhile, we had also built partnership with JUA.com, an experienced team in wallet security storage, to solve bter’s fund security issue. Working with https://www.jua.com/ we reviewed all the security related code on bter completely and rebuilt the backend, and trust all our cold wallets to our partner for specialized security storage, making a solid security foundation for bter’s re-opening.

Bter had been the largest altcoin trading platform in the world, with 230,000 registered accounts, including 130,000 Chinese users, daily PV closing to 4 million at its peak. As a once hottest altcoin exchange, bter had successfully help with the exchange of 890,000 BTC and had a significant and sustainable profit model. The past glory, the partnership with JUA.com, and supports from our users, are all our source of power and confidence. We decided to re-build bter and compensate users’ loss fully, continuing to play its part in the development of digital currency and innovation, continuing to share our faith with the world “work together to change the word”.
The most distinct change for the new bter will be the introduction of JUA.COM security team and complete (100%) cold wallet escrow, solving the user’s fund security issue completely. JUA.com team provides services to bter, including:

1. A first non-interest loan of 1000 btc shall be given to bter from JUA for the purpose of Bter re-opening, and Bter shall give JUA part of its share as the collateral ( Note:JUA is not obliged to the extra debt of bter) .

2. Bter trusts all the cold wallets to JUA.com for management, and JUA provides the enterprise- class crypto-currency storage service. Bter’s hot wallet services for crypto- currencies deposit and withdrawal shall be trusted to JUA.COM gradually.

3. Further agreement will be reached between Bter and JUA to bring Bter new profit model and more services to Bter’s users.

The stolen BTC payback plan:

1. Bter shall undertake all the loss and compensate users’ BTC loss in batches gradually.
2. The BTC holders on Bter who suffer the BTC loss shall be entitled to Bter’s half year’s trading fee in proportion to their BTC loss, besides the above the mentioned compensation.
3. The lost BTC balance in the users’ account has been transferred to the BTC_B, which will be the reference for our subsequent payback.
4. All the Bter’s future profit shall be used to pay the BTC loss for users first, until all the lost BTC is paid up.
5. Bter will open more businesses later and the profit from those businesses will also be used to pay the BTC loss for users first.
6. Bter has received 1000 BTC from its partner JUA.COM to speed the payback process.
7. In the further, Bter will seek more finance from other channels to pay up the users sooner.
8. Users on bter will enjoy one-month’s free trading for all the trading pairs as our thanks for your trust and support
9. New BTC deposit sending to bter shall not be affected.

P.S. About JUA.com:
JUA.COM boasts the largest mining farm and the largest mining pool (BW.com) around the world, accounting for 20% hashing power globally. JUA provides the safe and professional BTC financing and storage services to users.

THE BTER TEAM