Post
Topic
Board Exchanges
Re: BTC-e hacked ??
by
cryptomole
on 05/09/2017, 13:15:04 UTC
I assume fiat balances will be converted to coin on 15th?
If the value of coin is higher on 15th than now the conversion will result in less coin.
This should be compensated by the increase in the 55% that they intimated, but it all seems a bit vague.
Currently for those optiong for a refund timing is quite important...

Fiat USD/RUR/EUR becomes a mixture of coins and USDET tokens valued at $1USD each, those tokens might be tricky to redeem.
You will be able to trade them for USD on the new site at a market driven exchange rate but you won't be able to cash that USD you get for them until the new site owners have a fiat processor to replace Mayzus/OKPAY in the UK who seized the BTC-e accounts, and you jump through the EU AML/KYC compliant verification hoops.

I will probably trade fiat tokens for fiat, then buy crypto with that as I only use fiat as a trading hedge, I have never deposited or withdrawn fiat from BTC-e, never had the need/urge to, but I do have some sitting there atm from past trades.


I was under the impression that they were being converted to BTC 50% LTC 25% ETH 25%
That definitely seems to be what is happening with the refunds.

This is what it shows on the refund page in respect of fiat refunds - it shows the balances after the 45% deduction and give the option of providing withdrawal addresses...

Recount of fiat funds:
For USD:
BTC: xx.xxx BTC
LTC: xx.xxx LTC
ETH: xx.xxx ETH