The Statement of Bter Resume Operations and User Compensation
Bter Published on March 11, 2015 at 20:51 CST
Unfortunately,7170 BTCs on Bter’s cold wallet have been stolen on 14th February,2015.With the help of many security teams and enthusiastic netizens,we have tracked out that the stolen BTCs entered into Bitcoins Fog,the foreign well-known anonymous Bitcoin mixers platform. We’ve been contacting the operator of Bitcoins Fog through various ways, although so far there has been no response, we still decided to bear all the losses that we will make the greatest efforts to return users’ BTCs as fast as we can.In the meantime,we have reached an cooperation agreement with JUA.COM’s security team who has extensive experience in safe wallet storage to solve the safety problem of Bter’s fund together. With JUA.COM’s security team, we put a lot of effort in reviewing all the security code, refactoring the background and 100% hosting the cold wallet to our partner. By doing that to make sure such event will not happen again and provide the security protection for our back online.
Bter was the world’s biggest and most popular Altcoins trading platform.Since April 2013,Bter has 23,0000 registered users,including 9,0000 overseas users,its daily page view was over four million at peak times and had matched 89,0000 BTCs trading orders.The platform has a considerable and sustainable BTC profit pattern.To support the development and innovation of cryptocurrency,continue our belief of “Let's Change the World Together”,we decided to relaunch our platform and come back online.
The biggest difference of Bter’s back online is Bter brough in JUA.COM’s security team to 100% hosting cryptocurrency cold wallet to completely solve the safety problem of Bter’s fund.JUA.COM’s security team provides Bter with a number of services including:
1. JUA.COM provides Bter with the frist interest-free loan of 1000BTCs,which will be used for Bter’s relaunch.At the same time,Bter mortgages part of its shares to JUA.COM to offer some security assurance.(Note: JUA.COM will not bear Bter’s debt )
2.Bter entrusts JUA.COM to manage all its cold wallet and JUA.COM provides Bter with an enterprise cryptocurrency storage sevice.Moreover,Bter’s cryptocurrency recharge and withdraw hot wallet will be entrusted to JUA.COM in succession.
3.Bter will reach further cooperation with JUA.COM to bring a new profit pattern and provide users with more service.
The specific repayment explanations of the stolen BTCs:
1）Bter bears all the losses and we will repay users in batches.
2)Apologizing for any losses this tragic event caused,affected users will proportionally get the Bter’s six months transaction fee.
3)The informations of users’ lost BTCs have save into the user account BTC_B,which will be the reference for us to repay.
4)All Bter’s future earnings will be first used to repay users’s losess until they are paid off.
5)Bter will start to open more business and the earnings will aslo be first used to repay users’s losess.
6)Bter gets the interest-free loan of 1000 BTCs from our partner JUA.COM,which is used to hasten the repayment.
7)In the future,Bter will obtain more funds form other ways to hasten the repayment.
8)In order to feedback the trust of customers, Bter’s trading fee free for a month.
Note:The new recharge BTCs will not be affected.
Annotation: What is JUA.COM?
JUA.COM is the world’s biggest Bitcoin bank who provides users with safe and professional BTCs financial management and storage services.JUA.COM also has the world’s biggest Mining Farm and Mining Pool BW.COM,which takes up the world’s 20% hashing power.