Post
Topic
Board Announcements (Altcoins)
Re: Qora | POS | Assets | Names | Polls | Automated Transactions | Social Network
by
GoldenKnight369
on 28/03/2016, 19:19:56 UTC
Bter THIEVES delisted Qora !!!!!!!!

As one of the first persons who reported problems with BTER, I'll give you guys a short history of what happened:

Roughly 12 months ago, right after the last BTER hack in which they claimed to lose over 7000 Bitcoins Shocked, BTER instituted a policy that limited how much cryptos you were allowed to withdraw on a daily basis.  That's when some of us Qora members noticed a huge problem: BTER actually did NOT have enough qora in their wallet to cover all the Sell Bids in their order book.  There were over 1 billion qora listed on BTER, but their wallet only had less than 3% of qora supply.  Feeling alarmed and suspicious, all of us started urging people to withdraw all their qora from BTER.

And guess what?  Cheesy  Right after most people got their qora out, BTER suddenly reported their wallet was experiencing problem... lol...  That was over 10 - 11 months agoGrin  So all of the people who had coins stuck in BTER started bombarding them with support tickets, but all they've been getting was the generic reply "the problem will be fixed shortly... blah.. blah.. etc"...

Since then, both Vrontis and Skerberus have contacted them and offered to help lots and lots of time, but the BTER thieves simply refused to cooperate and just ignored qora devs' message.

So after that, both me and Tuck Fheman have been reposting our warning messages every few months, warning people not to trade on BTER.  It was our conclusion that BTER had been running fractional reserve for over a year, and they NEVER really had the ability to pay all of the investors back.

So, I am really sorry to see those of you who had lost money on BTER, but as you can see, we had really done our best to warn you.  Smiley Searching through qora's messages archives, you should notice lots of warning messages from qora members. So I think the best thing to do now is to just let BTER die by withdrawing all of your Crypto from that site.  And if you live in China, you can probably fight them in court.

Good luck, guys.