Post
Topic
Board Altcoin Discussion
Re: Openex hacked but coins recovered
by
Zeke_Vermillion
on 14/01/2014, 18:33:47 UTC
I am still waiting to get my BLC back from OpenEx. I was told you'd have to "owe" me for some of it, but so far, "some" appears to mean "all". The problem is that you should not have honored the inflated balance that we got when you double-credited order cancellations. And once you announced your policy of honoring the double-credit, you then should not have invited everyone to withdraw their funds all at once! Argh!

Cryptsy had a similar problem recently, and they froze accounts until people paid back the double credit. This was quite annoying but necessary to avoid the situation you now find yourself in.

If you have the bitcoin on hand, I really think you ought to see about buying up some BLC (and other currencies where you have a shortfall). Otherwise, if you wait to do this until later, it may become too expensive for you to cover in the market. And, despite the best of intentions, you will not be able to repay me and others in my position. If you know the BLC folks, you might also consider raising an equity / fee share tranche in exchange for BLC. Heck, I might even participate by rolling in part of my IOU, if you are able to recover from this rough launch...