NANO (ex RaiBlocks)

10-02-2018 02:18AM

An investor who lost 147k nano to Bitgrail does an AMA on Reddit...

https://www.reddit.com/r/CryptoCurrency/comments/7whndj/i_lost_147k_nano_14_m_and_falling_in_the_bitgrail/

Ffffffúck.

WhiteMemento9 · 10-02-2018 02:21AM

I see someone on CC spotted the issue 10 days ago.

https://www.reddit.com/r/CryptoCurrency/comments/7u2kyn/cant_trace_10_million_xrb_missing_from_bitgrail/

h0neybadger · 10-02-2018 02:30AM

Guys, for anyone who lost coins in bitGrail, truly sorry for your loss today.

This can’t be good news for anyone. Small or large funds, a loss can easily take its toll.

If anyone is feeling really ****, down over this, or wants to just blow off steam over what’s happened today, I’d be happy to buy you a beer.

WhiteMemento9 · 10-02-2018 03:30AM

Yeah sorry to anyone who lost money. It is heat breaking reading through some of the posts from people on reddit.

At the end of the day anyone who owned this suffered losses as clearly the price has been suppressed for months by the dumping all of this XRB.

cpg093 · 10-02-2018 09:38AM

I have/had some nano on bitgrail. Is there any point in uploading documents to get verified? Has anyone here been verified on that site?

EagererBeaver · 10-02-2018 11:55AM

cpg093 wrote: »

I have/had some nano on bitgrail. Is there any point in uploading documents to get verified? Has anyone here been verified on that site?

Lots of us verified, albeit some time ago.

If they fix the site and reopen it, I certainly think it's worthwhile trying to get verified.

lordlame · 10-02-2018 11:55AM

What sort of investor would leave 147k of Nano on BitGrail?

EagererBeaver · 10-02-2018 11:59AM

lordlame wrote: »

What sort of investor would leave 147k of Nano on BitGrail?

Someone who was day trading?

WhiteMemento9 · 10-02-2018 12:16PM

EagererBeaver wrote: »

Lots of us verified, albeit some time ago.

If they fix the site and reopen it, I certainly think it's worthwhile trying to get verified.

You would have to be insane to be handing over your identification to that Bomber lad.

Clearly he was probably involved but at the very least is highly untrustworthy as demonstrated by his conversation with the devs.

WhiteMemento9 · 10-02-2018 12:31PM

On bomber if some random-er on the internet could see this problem 10 days ago then a less than 1% chance it wouldn't have been noticed by the site before yesterday.

lordlame · 10-02-2018 12:33PM

EagererBeaver wrote: »

Someone who was day trading?

Ah, a gambler. Oh well

SureYWouldntYa · 10-02-2018 01:19PM

lordlame wrote: »

What sort of investor would leave 147k of Nano on BitGrail?

If he bought them early then it wouldn’t be an outrageous amount to have

He was hampered in his withdrawals by the 10BTC daily limit, and since nano withdrawals were disabled there was no way to put them onto a wallet and thats how a lot have been done in by bitgrail

EagererBeaver · 10-02-2018 06:43PM

Anyone tempted to buy more?

SureYWouldntYa · 10-02-2018 08:45PM

EagererBeaver wrote: »

Anyone tempted to buy more?

Its been bad news after bad news for xrb, not fud but actual bad news

The technology itself is very good obviously but i dunno about the short to medium term outlook probably isn’t good

But crypto doesn’t react in the way you’d think it would a lot of the time so who knows what to think, i expected to see a much sharper drop but there hasnt been

tcawley29 · 10-02-2018 09:02PM

https://www.dropbox.com/s/3g38y67luolfvqs/Colin_ZS_Bitgrail_chat_log.pdf?dl=0

https://medium.com/@nanocurrency/official-statement-regrading-bitgrail-insolvency-ed4422bf274b

Interesting read

h0neybadger · 10-02-2018 11:04PM

Bomber is shady as **** now.

Something seriously fishy is going on and he's covering up. Albeit in a very very bad way.

Glad Nano core team have distanced themselves from him and from what I can see, they're being open about it.

WhiteMemento9 · 10-02-2018 11:07PM

h0neybadger wrote: »

Bomber is shady as **** now.

Something seriously fishy is going on and he's covering up. Albeit in a very very bad way.

Glad Nano core team have distanced themselves from him and from what I can see, they're being open about it.

Loads of people now coming forward on reddit to say they were getting double deposits on BitGrail. There is a chat log from one person who tried to bring it to the attention of people on the discord but got completely shot down that he was just creating FUD. Few people have said they sent support tickets to Bomber detailing the problem and he completely ignored them.

https://www.reddit.com/r/nanotrade/comments/7wnpah/chat_logs_from_discord_in_december_user_reports/

Wombatman · 11-02-2018 10:35AM

Got a mail from Bitgrail...........

Important Notice

Bitgrail S.r.l. Informs its users that internal checks revealed unauthorized transactions which led to a 17 million Nano shortfall, an amount forming part of the wallet managed by Bitgrail S.r.l.

Today a charge about those fraudulent activities has been submitted to the competent authorities and now is under police investigation.

We inform you that the other currencies have not been involved.

In order to conduct further verifications, all the activities will be temporarily suspended (including withdrawals and deposits). This procedure is indispensable for users security.

We do offer our full and sincerest apologies to our customers and to whom has been involved into the illegal transfers of Nano occurred on our platform.

Other announcements will be released shortly.

Thank you for your attention.

bebeman · 11-02-2018 11:15AM

Double spending on Kucoin, it might be the Nano code.
Sell now or curse your heavy bags all the way down to zero.
The choice is yours.

Wombatman · 11-02-2018 11:24AM

bebeman wrote: »

Double spending on Kucoin, it might be the Nano code.
Sell now or curse your heavy bags all the way down to zero.
The choice is yours.

linky.....?

WhiteMemento9 · 11-02-2018 11:54AM

Wombatman wrote: »

linky.....?

Few threads on reddit about it. Reply from one of the Devs.

The Core team was notified this morning by KuCoin that approximately 20 withdraws had been double credited. They immediately saw the issue, fixed it, and contacted the Nano Dev Team.

It seems to have been a problem on a KuCoin side but talk about bad timing for it to happen.

Tinder Surprise · 11-02-2018 01:33PM

Might just take the hit and bail out at this stage.

I hadn't the luxury of getting in early doors at a low price.

I don't know if this coin is just really extremly unlucky, or if it would fail the duck test - cause the margins are very very tight as to which it is.

Decision time for me.

WhiteMemento9 · 11-02-2018 02:02PM

Tinder Surprise wrote: »

Might just take the hit and bail out at this stage.

I hadn't the luxury of getting in early doors at a low price.

I don't know if this coin is just really extremly unlucky, or if it would fail the duck test - cause the margins are very very tight as to which it is.

Decision time for me.

There is a guy I follow who generally gives really good trading advice around XRB. This is advice to someone who asked about whether to currently sell/hold.

The 100k satoshi floor has never been breached since the original mooning. Never. XRB has gone through **** on like 4 different occasions and has always bounced back around there. Once at 104k. Twice around 109k. Many times around 111-114k.

This time is the first we got so close so long. We're stuck under 110k now and people who previously saw this as "A GREAT TIME TO BUY" are now starting to FUD and become sellers. We actually hit 100k earlier today and bounced off of it. If we hit it again, there will be panic and the price will enter freefall for a bit. Like, 80k-90k or even worse.

Do whatever you want later. Buy back if that's your desire. But I'd GTFO if it breaks 100k and wait until it finds the new floor.

I should say that he is currently not holding any XRB but I think that is more to do with BTC volatility currently and he isn't really holding much of anything right now.

BrokenArrows · 11-02-2018 04:54PM

WhiteMemento9 wrote: »

There is a guy I follow who generally gives really good trading advice around XRB. This is advice to someone who asked about whether to currently sell/hold.

I should say that he is currently not holding any XRB but I think that is more to do with BTC volatility currently and he isn't really holding much of anything right now.

What does he mean by 100k satoshi floor?

Zascar · 11-02-2018 05:03PM

So for those of us that did have some Nano on BitGrail, is it 100% gone? Or is there a shred of a chance they might get some of the coins back?

el diablo · 11-02-2018 05:16PM

BrokenArrows wrote: »

What does he mean by 100k satoshi floor?

Its price in BTC.

Benzino · 11-02-2018 05:17PM

Zascar wrote: »

So for those of us that did have some Nano on BitGrail, is it 100% gone? Or is there a shred of a chance they might get some of the coins back?

My understanding is they have about 6million nano left in their wallet, so this could be divided amongst those affected. There is no word on that happening though.

WhiteMemento9 · 11-02-2018 05:53PM

BrokenArrows wrote: »

What does he mean by 100k satoshi floor?

Basically it has really good support in that range (Huge whales willing to take whatever they can buy). I think it currently sits at 105k sats. You should always been looking at the price of alts in satoshi. I see this all the time when people are looking at alts and they see a 10% gain and think, look how well it is doing today but BTC has actually gained 20% that day and what they don't realize is that the alt is actually losing value not gaining.

WhiteMemento9 · 11-02-2018 05:59PM

It was one of the things that had me scratching my head with regards this coin. I remember when the price was hitting $20 hard. It seemed like no matter how much momentum up the price always held at that level. Relative to BTC the satoshi price would come up a little to meet it or would be forced back down to always have a sell off $20. It was like someone was controlling the price to keep it at certain level. Maybe it was just the market naturally but I really feel it was whoever was dumping the coins that caused it thinking back.

h0neybadger · 11-02-2018 06:37PM

Zascar wrote: »

So for those of us that did have some Nano on BitGrail, is it 100% gone? Or is there a shred of a chance they might get some of the coins back?

It’s mentioned they have 4 million Nano left.

As to wether that will get distributed to the affected accounts, no one knows. But it will be a long time before a decision is made.

NANO (ex RaiBlocks)

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