The bitcoin trading platform is in chaos: the founders are arrested, and the platform is running.

Bitcoin fell to 6000 U.S. dollars in February 6th, but after nearly two weeks' callback before and after the Spring Festival, it has recovered most of the land lost. In February 22nd, bitcoin prices continued to rebound, and stood on the 10000 dollar mark, which has increased by 67% in half a month.

Bitcoin every spike, will bring a wave of bitcoin bubble is discussed, the discussion came to regard it as speculative commodity perspective, the reporter during the Spring Festival is the biggest feeling, bitcoin has completely broken the geek circles into ordinary people's field of vision, although not all of them. What is bitcoin, what is the chain block, but can not be denied that they have started to pay attention to bitcoin trading platform of information, just like browsing the headlines today, this is a potential change, they may not be aware of.

But behind this is the rise of bitcoin trading platform, but also accompanied by to the uneven distribution of benefits and the greed of the embezzlement, and platform to run away.

The bitcoin trading platform is a mess: the founder is arrested and the platform runs

In February 22nd, early news said Jon Mountlol (Jon Montroll), the founder of the bitcoin trading platform, BitFunder, was arrested. Manhattan prosecutor Geoffy Bowman (Geoffrey Berman) said in a statement: "according to the accusation, the defendant lied repeatedly in the swearing testimony and misled SEC staff to avoid personal liability for thousands of bitcoin losses."

According to criminal proceedings, hackers used BitFunder's programming code to fabricate profits in 2013 and steal 6000 bitcoins from WeExchange. Prosecutors also pointed out that during the investigation in SEC, on mount provides false bitcoin assets screenshots, denied that the hackers succeeded.

According to the verification information shows that there is a Bp Australia Limited with the name mount WeExchange, provide bitcoin deposits and transaction service, at the same time, he also opened the bitfunder.com website, virtual stock allows users to sell the business entity, in exchange for bitcoins.

The reporter logged on the website and found that the web page could not be displayed.

On the same day, the EtherDelta platform stopped trading. The news showed that the reason why the website stopped trading is the uneven distribution of the central share issue. Its actual controller Chen Jun has been on the run. This is also the first central trading platform for the currency circle.

As of now, the value of the German EDT trade has fallen straight down, and its official net prices have fallen to $0.03.

Germany (EtherDelta) is a fully decentralized exchange. When trading, users do not need real name registration. They only need to have MetaMask accounts, so they can easily achieve transactions. However, the operation of Germany has been criticized and questioned many times. Due to its poor user experience and existing security vulnerabilities, it triggered a great stir in September 24, 2017, which was caused by the security problem of the platform, which resulted in the theft of user money.

A topic of concern, with bitcoin gradually into the public view, but also gave birth to the birth of a large number of websites, and China bitcoin trading platform has been from the original 4~5 to today's 16~17, although in September 4, 2017 the regulators closed part of the bitcoin trading platform, but there is still a lot of platform name international trade names continue to engage in a bitcoin transaction, at the same time, in order to seize the market and customer traffic, network attacks, hacking platform between steal coins and other behavior has become a key factor leading bitcoin price volatility.

The rise of the bitcoin trading website

Before 2013, few people knew what bitcoin was. The geeks who first entered the currency circle did not regard bitcoins as assets. The coins dug mainly used to play a game called "Zhong Ben Cong dice".

When the miners are digging workshop will dig out the coins, and get Taobao bitcoin transactions, or sold in the QQ group, according to an early investor Liu Wei Coin Ring (a pseudonym) said: "the country playing bitcoin active circle is more than 2000 people, a 500 person QQ group accounted for was 1/4 the coin ring". With the strengthening of mining stress, promote the active trading platform, in 2011 the first domestic bitcoin trading platform bitcoin Chinese".

Since 2013, bitcoin is gradually known. It can be said that, from the beginning of this year, bitcoin has only "industry" in China, and the domestic media have begun to gradually pay attention to this emerging thing.

At the end of 2013, sosobtc (now changed to AICoin) and the currency saw the two market sites set up successively. Sosobtc founder Ye Peifeng, a computer background, the first time to study the code bitcoins on the fresh things full of interest, and after the experience of the 2013 market enthusiasm, decided to resign from the tall jobs, start a bitcoin business.

"At that time, there were several media and quotations websites in the market, and there were bitcoin China, Babbitt, BTC123, later closed bits, one bit, bitcoinwisdom abroad. Ye Peifeng laughed and said, "an industry is going to take off, and the information service platform must be boisterous."
The following is the later OKCoin currency bank and the two trading platforms of the coin net.

As we all know, if we want to make money for trading platform, we can't get away from the activity of users. Only when users trade, can websites charge fees from them. We can say that fees are the most basic conditions for an exchange to survive. But when many platforms, users are limited, so the means of free transaction fees is to attract game player investment, but the world is no free lunch, although they are free of charges, but these platforms are actively launched ICO project, game player can buy ICO tokens for bitcoin, fleece, all the chips are issued ICO token won bitcoins, according to the agreed price cut, after the ICO token is online website, or break up, the basic platform without supervision, this is one reason why rampant ICO token zuozhuang.

Do you know how big a day's profit is on the trading platform? Reporters rough estimates a bit, in accordance with the bitcoin trading volume of a domestic trading platform for a day of conservative 10 thousand, the current market price of 66 thousand yuan to calculate the fee of 2/1000, then the site from the payment of fees is 10000660000.2%*2=2640 million.

There are several groups in the bitcoin Market: the dealer, the dealer, small retail, attachment relationship between them to maintain the ecological environment of the market, in the current bitcoin trading environment, trading platform is often a big dealer, it not only can formulate the rules of the game, also can think control prices, securities Times reporter earlier in the venture capital exchange bitcoin series report repeatedly mentioned.
In addition many investors are bitcoin transactions through the trading platform, will naturally take bitcoins stored in the exchange account, the trading platform is not included in the scope of regulation, there is no such as on-line funds depository depository, virtual currency and other preventive measures, means to steal your bitcoin exchange as Tannangquwu generally.

The latest example is that in January 15, 2018, the police in Haidian of Beijing cracked a case of destroying computer information system. The suspect Zhong Mou used his administrator's authority to modify the application program of a trading platform computer and steal 100 bitcoins, worth millions of yuan.

In February 24, 2014, Mt.Gox, the world's largest bitcoin exchange operator, announced that 650 thousand bitcoins of its trading platform had been stolen. Then Mt.Gox declared bankruptcy. Later, law enforcement investigations found that the so-called 650 thousand bitcoins stolen, in fact only 7000 bitcoin due to hacker attacks and missing, the rest being platform internal to carve, is typical of the embezzlement.

Finally, the reporter would like to remind you that at present any of a domestic bitcoin trading platform does not have the financial license is not subject to the supervision of financial institutions, the current domestic bitcoin trading site all walk on the edge of the law, and even most of the Trading Web servers are in foreign countries, in this market, even tens of millions of cash flow hundreds of millions of daily transaction fees every day, some people said: "the birth of bitcoin is to challenge the existing financial system, so as to form a new Internet financial order." Indeed, the characteristics of bitcoin determine today's situation, but the hidden violence of profitability, lagging behind the law, lack of supervision and lack of protection are all worth pondering. If there is a problem in this market, who will protect your rights and interests?