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Re: Inputs.io | Instant Payments, Offchain API, Secure Wallet, 235k+ BTC transferred
by
dree12
on 07/11/2013, 05:55:33 UTC
got 4 coins on coinlenders... this is a huge hit to me. fuck. also, how can coinlenders be linked with inputs?!

tradefortress runs them both.

it looks like they basically had pooled funds.

This is probably because CoinLenders was lying about its business model. The loans were just a decoy. The real business model was to wait for the right moment to run.

I thought i post this for those who are wondering how much they will get back.

I received 37.8% of the bitcoins i had on deposit back.

I am curious if they will try and pay the rest back with profits from other sites like just-dice etc..

That seems low.  If the only funds taken were the hot wallet funds wouldn't you expect more than 38% to be left safely offline?

I know inputs ran a hot wallet system because it would sometimes complain about the "hot pocket" being empty when I tried to withdraw from it.

I am inclined to believe that inputs.io was an inside job. If not, it's likely that its cold wallet was on a computer connected to the Internet. So much for "cold"...