Hi Bitcointalk,
In response to larin. I would like to share with the community some facts about his history with btc.sx.
His accounts were locked due to exploitation to unfairly game the system for selfish profits at any cost, to us and our honest userbase. Upon discovery of this exploit, he signed up with 5 different accounts and continued using it across an additional 72 trades. This is behaviour which the community should stand against.
The attached images below show these trades.
http://postimg.org/image/rk659w9l7/full/
http://postimg.org/image/5ifuzup3f/
Through use of his exploit, in these trades he profited by 17.9 btc.
Where losses incurred costed btc.sx additional collateral, this was deducted from his profits (15.6 btc).
The funds which larin claims to be his are all profits he gained from the exploit. We have not taken a satoshi more and honoured remaining withdrawals against his account.
This is the response we sent to him:
The community should also know that larin will not stop at any cost to undermine our efforts to run a business as transparently as we can.
http://postimg.org/image/5ifuzup3f/
He is also using multiple accounts in his efforts to slander our business. As in this post, and on a number of accounts on our Facebook page and elsewhere.
Here is more information based upon the truth rather then false facts posted under multiple accounts:
http://www.coindesk.com/bitcoin-derivatives-market-btc-sx-suspends-trading-amid-turmoil-partner-mt-gox/
http://www.coindesk.com/btc-sx-resumes-trading-mt-gox-induced-freeze/
larin, as a company our staff have been directed to ignore your messages due to the continued abuse you send us. The nature of your deceitful lies and continual exploitation is not what we want to deal with as a bitcoin startup and not what the community needs.
In response to larin. I would like to share with the community some facts about his history with btc.sx.
His accounts were locked due to exploitation to unfairly game the system for selfish profits at any cost, to us and our honest userbase. Upon discovery of this exploit, he signed up with 5 different accounts and continued using it across an additional 72 trades. This is behaviour which the community should stand against.
The attached images below show these trades.
http://postimg.org/image/rk659w9l7/full/
http://postimg.org/image/5ifuzup3f/
Through use of his exploit, in these trades he profited by 17.9 btc.
Where losses incurred costed btc.sx additional collateral, this was deducted from his profits (15.6 btc).
The funds which larin claims to be his are all profits he gained from the exploit. We have not taken a satoshi more and honoured remaining withdrawals against his account.
This is the response we sent to him:
Quote
---------- Forwarded message ----------
From: Btc.sx Support <support@btc.sx>
Date: Thu, Feb 27, 2014 at 6:06 PM
Subject: Re: Deposit
To: Aндpeй Лapькин <larkin9292@gmail.com>
Hi Andre,
Thank you for your patience during our investigation. First of all apologies that it took so long to complete. Your trading history is extensive and the fact that it was spread across 5 different accounts made it time consuming to compile.
Attached is an excel spreadsheet highlighting areas under investigation. We have highlighted 72 trades that you made with an 'Order Stop' beyond the recommended sizes. As a result, you posted a loss on certain positions beyond the collateral posted in the initial deposit. These losses have been totalled as highlighted and deducted from pending withdrawals.
Your refund has been processed to the wallet address:
134CLcuxm8tjQGbfbv5AMkW2aWVyMVxQaz
Further to the investigation, it appears that your behaviour highlights the continued and undisclosed use of an exploit allowing for negative order stops to be used. In these cases we exercise our rights in our terms and conditions in order to limit our losses.
Your accounts have been unlocked. In the future please inform us as soon as you encounter behaviour which can be considered out of the ordinary.
Regards
BTC.sx
From: Btc.sx Support <support@btc.sx>
Date: Thu, Feb 27, 2014 at 6:06 PM
Subject: Re: Deposit
To: Aндpeй Лapькин <larkin9292@gmail.com>
Hi Andre,
Thank you for your patience during our investigation. First of all apologies that it took so long to complete. Your trading history is extensive and the fact that it was spread across 5 different accounts made it time consuming to compile.
Attached is an excel spreadsheet highlighting areas under investigation. We have highlighted 72 trades that you made with an 'Order Stop' beyond the recommended sizes. As a result, you posted a loss on certain positions beyond the collateral posted in the initial deposit. These losses have been totalled as highlighted and deducted from pending withdrawals.
Your refund has been processed to the wallet address:
134CLcuxm8tjQGbfbv5AMkW2aWVyMVxQaz
Further to the investigation, it appears that your behaviour highlights the continued and undisclosed use of an exploit allowing for negative order stops to be used. In these cases we exercise our rights in our terms and conditions in order to limit our losses.
Your accounts have been unlocked. In the future please inform us as soon as you encounter behaviour which can be considered out of the ordinary.
Regards
BTC.sx
The community should also know that larin will not stop at any cost to undermine our efforts to run a business as transparently as we can.
http://postimg.org/image/5ifuzup3f/
He is also using multiple accounts in his efforts to slander our business. As in this post, and on a number of accounts on our Facebook page and elsewhere.
Here is more information based upon the truth rather then false facts posted under multiple accounts:
http://www.coindesk.com/bitcoin-derivatives-market-btc-sx-suspends-trading-amid-turmoil-partner-mt-gox/
http://www.coindesk.com/btc-sx-resumes-trading-mt-gox-induced-freeze/
larin, as a company our staff have been directed to ignore your messages due to the continued abuse you send us. The nature of your deceitful lies and continual exploitation is not what we want to deal with as a bitcoin startup and not what the community needs.