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Thread: Bitcoin-Trader Goes Rogue – HYIP Exposed

  1. #1
    littleroundman is offline Administrator
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    Jun 2010
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    Bitcoin-Trader Goes Rogue – HYIP Exposed

    CryptoCoinNews.com is today reporting:

    Bitcoin-Trader Goes Rogue – HYIP Exposed

    Bitcoin-Trader.biz has disappeared overnight with the only communication being a letter sent out to all of their victims claiming that a hacker stole all of their funds and that they offered to comply with the hacker’s ransom notice.

    Bitcoin-Trader closed all of their social media accounts as well as their website almost overnight, while ducking under the cover of playing the victim of a hacker and claiming to file for bankruptcy. The letter sent to all former account holders reads like an emotionless story of cop-outs to the effect of, “We got hacked, and we’ll file for bankruptcy. Ciao!”

    Former Bitcoin-Trader customers are left to fend for themselves on Bitcoin Forums.


    Bitcoin-Trader Exposed as a HYIP



    John Carley of Bitcoin-Trader sent the following message to account holders before disappearing into the ether.

    "Regrettably I have to announce the failure and closure of Bitcoin Trader.


    While preparing for the final audit results, a task we were working on for weeks now, our bitcoin wallet has been hacked and emptied, just after exchanging our fiat holdings within the exchanges to bitcoin and transferring our entire holdings to our wallet, in order to proof our solvency.

    It is a known fact that I personally opposed any proof of solvency, but agreed to conduct it for the sake of a few dozen small and medium investors.


    The hacker contacted me shortly after he took advantage of our holdings and demanded a ransom in order to transfer the coins back. I have agreed to a 25% ransom of the entire sum, but haven’t heard back from him for several days now.


    My aim was to create something based on trust, just as bitcoin itself is based on distributed trust. Unfortunately, I must admit today, [that] I have failed. All [that's] left to do now is to declare bankruptcy with the Panamanian authorities and to hand over all relevant files and information for further investigation.
    "

    You can read the complete original story on
    CryptoCoinNews.com
    The only thing necessary for the triumph of evil is for good men to do nothing

  2. #2
    littleroundman is offline Administrator
    Join Date
    Jun 2010
    Posts
    17,802

    Re: Bitcoin-Trader Goes Rogue – HYIP Exposed

    NEWSBTC.com has picked up on the story:



    You can read the original story on
    newsbtc.com Bitcoin News Service
    The only thing necessary for the triumph of evil is for good men to do nothing

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