!!!!!!Exposed!!!!!!!! The Secret Scams of Coinbase, Bittrex, Kraken, and BTC-esteemCreated with Sketch.

in money •  last year

Steemians,

If your wondering what happened the other day when Coinbase, Bittrex, Kraken, and BTC-e ALL went down, heres why....

EXPOSED: The Secret Scams of Coinbase, Bittrex, Kraken, and BTC-e

Bitcoin climbed to a record high this past Sunday of 3,041.36, according to CoinDesk. Then suddenly the next day, plummets to $2,532.87, while ethereum and technology stocks also dramatically declined.

By 9:00 p.m. that night, it had drastically recovered back up to $2,721.

At the same time this drop was occurring, two major bitcoin exchanges: Coinbase and BTC-e, who account for 23% of the bitcoin market, also went offline, preventing investors from being able to manage their currency.

Coinbase cited high customer traffic and trading volume for being “down for maintenance.” They claimed that the issue was resolved by 7:44 p.m. EST; basically after all of the damage was done and bitcoin had begun to recover.

BTC-e in fact tweeted that it was hit by distributed denial-of-service attacks, or DDoS.

Simultaneously, a new blockchain-based project, known as Bancor, was introduced, absorbing mostly ethereum and bitcoin to create a new currency, known as bancor network tokens (BNTs).

Throughout the day, while major exchanges were mostly offline, it raised $150 million, setting an industry record for an initial coin offering (ICO).

Bancor was then forced to extend their ICO by three hours, due to “overwhelming demand and traffic, and massive malicious attacks,” according to a blog post from the company.

How generous of them. So basically, once bitcoin and ethereum lost their maximum value, you were allowed back online to strategize your trades.

The way I see it, this is how it went down:

Massive amounts of bitcoin and ethereum were transitioned into a new cryptocurrency known as Bancor. As the values of the first two drop, the new one rises, so in a sense, none of those initial investors really lost any wealth.

They profited massively after the transition of wealth from two currencies into a new one.

We (the average guys) on the other hand were prevented from taking place in this transition of wealth. Once they had established a new currency, once their wealth had stabilized, we were allowed back in to buy up a bits and pieces of devalued ethereum and bitcoin

We lose money, these large investors do not. They in fact, position themselves to make a quick profit, virtually in one day.

It turns out, the exact same scenario played out 3 weeks earlier on May 25, in which bitcoin drops more than $400 in value, while cryptocurrency exchanges such as Coinbase went offline, preventing investors from taking action.

Simultaneously, a new blockchain project, known as CryptoPing, launches a crowdsale.

“Behind the project is a group of successful cryptocurrency traders with 5+ years of experience who prefer to remain anonymous … 9,000,000 tokens based on Waves platform are to be issued for the crowdsale with total worth of 1000 BTC. Additional 1,000,000 tokens will be reserved for one-level 10% referral program.”

Once again, a transition of wealth, from bitcoin and ethereum into CryptoPing tokens, occured. Once wealth had stabilized, everyone else was allowed in.

End the Federal ReserveThey moved their wealth over, then we, who had lost value, attempted to move in and feast on the scraps. But thousands of people actually lost substantial sums of money because, again, Coinbase went offline during a downturn.

This actually yet is still just another repeat of what happened on Sept. 26, 2016, when the cryptocurrency FirstBlood had its ICO.

It raised $5.5 million USD in ethereum in a matter of minutes.

Google Coinbase on that date, this is the top return:

COINBASE STATUS – INCIDENT HISTORY
https://status.coinbase.com/history

Ethereum transactions offline. We identified the underlying issue with Ethereum transactions, and were able to implement a fix. Transactions should now be …

Missing: september ‎26 ‎2016

Missing: september ‎26 ‎2016

Are you beginning to see a pattern? These exchanges are scamming the public and using technical explanations as an excuse.

Who Here Uses Bittrex?

Bittrex is an online trading platform that accepts almost all coin cryptos, scam included, and announces them as an exclusive coin; USB coin for example.

Bittrex Co-founder “Rami”, in response to the USB scam, stressed that while the company is always updating its security protocols, coins listed are based mostly on consumer demand. He stated that “we do our best to weed this out, but in the end it’s a losing battle.”

Bittrex sounds benign enough, however they haven’t addressed their withdraw fees, which are some of the highest in the industry.

All trades have a 0.25% commission rate.

They are making a killing on trades, hundreds of dollars per transaction on large orders. Of course they will accept almost all cryptocurrencies put on the market.

In fact, it is rumored Bittrex pushes scam currencies.

Makes sense, 0.25% commission rate.

More intriguing yet, what is Bittrex and where did it come from?

Well, it turns out, Mt. Gox used to be the largest exchange of virtual currency, until half a billion dollars in bitcoins went missing.

Mark Karpeles, who is said to be the King of Bitcoin, was a programmer who took over mtgox.com due to its overwhelming traffic of eager bitcoin investors, and was responsible for shaping the world’s first popular bitcoin exchange.

He benefited greatly in wealth, buying in at bitcoin’s beginning around $13 per coin. It is said that in 2013, Karpeles at that point owned 88% of mtgox.

Mtgox soon however, began to suffer tremendous hacks, in which they then sought the guidance of an individual known as Jesse Powell, the founder of Kraken .. yet another exchange.

Half a billion in bitcoin goes missing …

mtgox dies …

The same two people that were in charge, the software programmers involved with mtgox, then go on to found the two most dominant cryptocurrency trading platforms we know of today: Bittrex and Kraken.

Soon after, Kraken partnered with BTC-e. It has also absorbed several major exchanges, including Glidera, Coinsetter, Cavirtex and Clevercoin.

Glidera was considered Kraken’s first step towards a global ecosystem.

Glidera is able to perform fiat-to-Bitcoin ACH transfers, or basically what banks do: trading with money they do not actually have; creating money out of thin air.

Kraken is now averaging 4.19 trades per minute with currency it does not possess, or in a sense fiat/derivative trading: one of the core reasons behind the 2008 economic crash.

Is it me, or are there dots upon dots upon dots coming together that amount to one of the largest scams in the history of the world…?

Connections and corruption exists between all four of these exchanges that reeks of central banks involvement, and millions of average people seeking to profit are the collective patsy.

Feel free to comment. Please provide sources as I am very eager to dig further.

For a cleaner presentation, visit Squawker: Become the Counterculture

http://beforeitsnews.com/alternative/2017/06/exposed-the-secret-scams-of-coinbase-bittrex-kraken-and-btc-e-3522846.html

@watchout2017

Domi

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Hi...
I am here now, I have seen and read it, a good post and can be motivate other steemians. A great job, may you succeed with you.
Friendship greetings from me @alga may be always be your best friend.

Vote and follow done.

Waiting for your arrival. I have something for you.

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Youve left me very curious!!!!

@watchout2017

Domi

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Don't be, this is voted up by bots it looks like it and is a spam message that I have seen elsewhere, I wish whales would take care of this crap.

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Please explain.

Thank you

Domi

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There's nothing to explain really, it's just spam.

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This is spamming, Hi.........

I know it looks suspicious but I think it is just due to negligence and poor investment in infrastructure. Incompetence is more likely than malice.

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Oh really? I dont!!! I do not believe in coincidences. Im a realist. Or would you also say that the same cryptos/etc on several exchanges? The volume wasnt to that level yet. They stopped it fo use the system for other purposes..

I had to wait for over 8 hours to transfer Bitcoin to Ether on Bittrex.

https://steemit.com/money/@watchout2017/exposed-the-secret-scams-of-coinbase-bittrex-kraken-and-btc-e

@watch2017

Domi
upvote

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It's possible I hope it isn't true though.

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Better safe than sorry.

Domi

There are no free markets.
Every market is influenced.
The lower end investors either gain or lose but that little polarisation keeps everyone in line.
Nice post.

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Jagged,

Hello and good afternoon.

You are dead right. We are all controlled w/o even knowing it, but we are breaking away. Steemit will put a dent into them

What do you think about this:

I have a feeling that tomorrow will be a Black Friday. I have moved all my Bitoin to Ether 48hrs ago. I will not buy Bitcoin again until it flatens out because they stopped trading on 5 exchanges within the last 3 days to collect all lost coins, etc and use the money to buy up ICOs.

@watchout2017

Domi
upvote

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Yes, i agree. It gets even worse when you dig down the rabbit hole. Lets see where these freaks are taking us..

@watchout2017

Domi
Upvote max/follow

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://steemit.com/technology/@pewsquared/exposed-the-secret-scams-of-coinbase-bittrex-kraken-and-btc-e

Very good blog. I was about to post a similair post. Blockchain is the fututure but how are we gonna kill all those scamy cryptos out there? Besides coinmarketcap.com there is: https://www.coincheckup.com It's a great site that gives in depth research on every tradable cryto in the market.

Loading...

Read your article, well written. I don't fully understand all this crypto talk. I guess there is much for me to learn. Thanks for the info. Resteemed

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Billy,

Hello buddy.

You are going to have to learn fast because <Crypto is THEIR new monetary system and its right around the corner. We are now at a 120 Billion marketing cap in Crypto. They have to stop it somehow.

Have to go to bed its 3:00 here in Spain.

Keep in touch.

@watchout2017

Domi

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Keep safe man. Ttyl.

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Billy,

Hello and good afternoon (10:40pm here).

Im in a pretty safe place. Our police are still our friends, Gov no so tough, petty crime. I hope it doesnt change soon because I have a feeling this will be a black Friday tomorrow!! If you have Bitcoin move it to Ether to hold of the huge losses and gain in the meantime..

@watchout2017

Domi
Upvote/max

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Appreciate the tip. As of yet I don't hold any crypto currency. I have been trying to find out how to buy some of the steem but I can't seem to find out where and whom to trust. I think it's going to start it's growth and become eventually one of the top. It's not like I have a lot. At my age I won't benefit. I'd just like to have something to assist my Daughter further down the road.
Glad to hear all is good where you are.
Walk tall my friend. Billy

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You in Canada. Please follow one of your Countrymen. A true brother that helps ALL of us earn great profits:

https://www.youtube.com/user/TheDollarVigilante/videos

Domi

Very interesting, I like the image very much.

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Thank you. Were you effected because I was..

@watchout2017

Domi

Great article

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Becareful.

Thanks

@watchout2017

Domi

excellent read and great possibility. thanks for posting.

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Investigate it if you have interest in this sector.

Domi

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I ALWAYS upvote everyone on Steemit.

Domi

@watchout2017

Domi

Im seeing that pattern. I too have been waiting for almost 24hours for a shapeshift from BTC to ETH on Jaxx and it still has not materialized. IT went to so strange BTC acc nr and not my ETH wallet.. thats a big wtf for me? These big coin guys are turning into another set of corrupt banker wankers.. Very disappointed in this "open" market.. people are just corrupt and greedy

good post. I tend to trust the markets as little as possible and keep my holdings in other wallets

Before i don't think bittrex one of the scammer. But after last event "Disabled User's Accounts"
Last month without any single notification. Im agree that bittrex is a very dangerous online exchange. More than 1000 accounts unable to withdraw their funds. All lost thousands of dollars inside bittrex and no body able to get one cent. Most accounts form countries that hard to get a full enhanced accounts. Even with Enhanced and approved accounts users unable to withdraw because Bittrex US-based business and US dislike some countries. ...so bittrex now face some trouble with OFAC match and those accounts almost registered 2~4 years ago and that not allowed ofcourse.
Now Bittrex try to erase all old data and seem like clean exchange that follow the US rules.
You can check this event at twitter and official bitcointalk forum. How bittrex killing Hundreds of trader's dream by catching them and disabled their accounts.
I think now bittrex is scam and want to keep user's funds forever. .

Another scam going on.. Bittrex Involved! http://eth-today.com/
KimDotcom hacked by KimxrDotcom https://twitter.com/KimDotcom/status/983503487735508997

follow the transactions on etherscan.io