Post
Topic
Board Altcoin Discussion
Re: UseCoin Scam
by
poornamelessme
on 23/08/2014, 18:34:14 UTC
A very basic security feature, as every scam dev makes new accounts:

Limit the maximum withdrawal issue for those new accounts to 1 BTC per hour..

This way no scammer can scam for more than 1 btc .. which would make them walk away from bittrex at least.

The Dev here scammed for 20 BTC in a matter of minutes.. Its totally freakin' unbelievable that you (bittrex) allow someone to withdraw more than 20k USD (in btc) in a matter of minutes..

In EVERY security/fraud detection system of the world this transactions would raise like ALL the freakin' red flags of the world...  

What's to stop the dev from making several new accounts a month or more before they plan to run a scam? 

And making 20btc on a sale isn't exactly impossible for regular traders, so blocking them from withdrawing their funds probably wouldn't go over so well.