Post
Topic
Board Bitcoin Discussion
Topic OP
Beware of exchanges using bots
by
poncawarrior
on 03/09/2015, 15:58:56 UTC
You know after my bitcoins went missing - the address withdrawn too is from china - - - and they know thats not my bitcoin address - ALSO at poloniex.com - I ran into bots - that would under cut my bids - each and every time - and after reading about OKcoin - I am wondering if this is the same a this place - with no security for verification of with drawing coins - a fact I can prove - I never got a with draw confirmation to my email - so If your at this place - you might want to be leary when you start losing bitcoins - on the exchange and or if your thinking of going to this place - BEWARE:::

I tried hard to stay out of the public dispute between OKCoin and Roger Ver,

Fake Volumes

I can confirm some of the above bots are designed to pump up volumes. During certain periods, these bots have also been used in a manner to create orders that will only trade against themselves, not with user orders. This mode of operations was strongly resisted by even Chen and Liu (programming, matching engine), but Star Xu insisted on executing it.