/biz/ - Business & Finance

>what is cold storage

>>8422387
What happens if their wallet runs out of JNT?

>>8422595

>>8422595
the price goes to zero and you lose all your money

>>8422532
If you can find a cold storage wallet then please. But I've yet to encounter one looking through the transactions. They will drain deposits into that wallet when they need them. However they already did that and they are nearing zero pretty fast. I don't think they are insolvent I think that the sell book is made up.

well the simplest and most likely explanation is that they have another wallet.

>>8422630
Benis :-DDDDDD

>>8422677
Hmm, why would the sell book be made up? Good work anyway, going to stop being lazy and withdraw my JNT to my ledger now.

>>8422677
There's no reason to think they don't have a cold wallet. Why should I look for it? The burden of proof is on you. Bibox being a shady exchange is not proof enough.

>>8422698
I mean someone has to know if they have another wallet but I've yet to see any incoming transactions from what would be another wallet of theirs. Hell even looking through the Top 100 JNT wallets I can't find one that would fit and they are clearing deposits on a daily basis.

>>8422772
Bot trading for fake volume and making the market seem deeper than it is.

maybe I will send mine over to kucoin....

>>8422923
>unironically keeping your lambo ticket on a chink exchange

>>8422783
You could be right and they could have a cold wallet. I'm not some super sleuth. I just noticed a few inconsistencies and am bringing them up. It might be nothing but if it isn't I suggest anyone who has JNT on the exchange get it off of there.

>>8422783
Why do people say Bibox is shady? Seems well enough made, works for me.

>>8422941
I only have a 4k and the only way I make more is by swing trading that. I've also only unironically once kept my coins in a wallet and that's when I held monero but the fees for moving it pissed me off so I never did it again.

>>8422962
Goes without saying. Literally don't keep on bibox anything you can't afford to lose.
>>8422965
>chinks
>obscenely fake displayed volume on JNT (not currently and haven't checked the other pairs)
>literal clone of binance
>chinks
I commend them for keeping the withdrawal fees low and for the quick processing time. COSS bagholders would probably an hero realizing that some new shady chink binance clone provides infinitely better user experience than their shitty year old exchange with zero volume that doesn't work half the time at all.

>>8423117
I'm curious to see how this shakes out in the next few days. It was at 230K JNT yesterday and it at 67K today. I hope they are just retarded with the management of their hot wallet which leads to delayed deposits.

>>8423341
Someone should buy 68k and try to transfer it out

>>8423392
I'm going to be transferring 10k out in about an hour... they'll run out by tomorrow

>>8423392
Honestly at the rate of depletion they will run out soon regardless if they are actually insolvent. There isn't enough volume elsewhere for them to buy it to cover themselves.

>>8423498
>mfw price singularity during a general market crash

68k jnt is fuck all. let’s all buy it and deplete them kek

how's gate and kucoin?

>>8423963
The same but with less volume but maybe not. The volume could be shit across the board with fake volume.

>>8423963
Kucoin has 1.7m

>>8422923
shady shit has been going on with kucoin lately so I wouldn't keep it there either
I have like 1k in gate and the rest is in my wallet, personally I don't trust gate

>>8422387
The JNT is likely stuck in deposit wallets. Same happens on a lot of exchanges. They will transfer them to the hot wallet when they need to. But this is a really inefficient way of doing it as if multiple people wanna withdraw big amounts at the same time they will have to shut down withdrawals until their shit is fixed. Same happened with BitClave when it was listed on Kucoin; Bibox withdrawals were disabled because the hot wallet linked to their withdraw API was emptied.
You are trading tokens that don't exist

Just withdrew 9.2K from Bibox there now. Finished my accumulation, 11K. Going to block /biz/ tomorrow and delete Delta, I've had enough of this. Next week I go to work abroad for a few months and I'm leaving my ledger at home. Lets hope I don't get totally rekt

It is down to 18K JNT.

>>8424449
GL

>18k JNT left
kek it's happening

Should I buy in or wait until tommorow see what's going on?

>>8424544
Tomorrow. The price is likely to stay the same and what >>8424432 said is likely to happen. I doubt it will be a big happening that shuts down Bibox or leads to them scrambling to buy from other exchanges.

>>8424618

Thanks anon bro.

I made a 40k JNT withdraw. Gonna post results

>>8424481
thanks fren

>>8424838
Just now? Post the address it comes from.

>>8424871
few minute ago, in pending status.
All my previous withdraws came from the main wallet.
I also made 15k JNT deposit a few weeks ago, it's still in deposit wallet, so what >>8424432 said

>>8424927
Looks like they are asleep right now. Nobody to manually fix the withdrawals.

Uh oh, dad fucking bugged me to change the tires on the car, didn't get to withdraw my shit...

>>8425053
You are probably fine. They are likely to dump 400K or so JNT into their hot wallet within a few hours.

I can just send them to MEW safely right?

>using bibox, the "ai enhanced" exchange

>>8425451
Yes it's ETH token.

>>8423963
I saw several red flags on Gate so I got my funds out of it asap.

>their 2fa solution doesn't give you a backup code, they just assume you back up the actual private key or bug support or something
>withdrawing funds requires your funds key, 2FA code etc but THERE'S NO EMAIL CONFIRMATION AFTER YOU WITHDRAW, no notice or anything, it just happens

I get the feeling they don't pay enough care for user security. The 2FA thing is a massive red flag. They don't even instruct you to back up your 2FA solution. If they do that it means you can social engineer support to disable your 2FA!

Also this is the Gate hot wallet:

https://etherscan.io/address/0x05ee546c1a62f90d7acbffd6d846c9c54c7cf94c#tokentxns

Whoever has that 7k buy order @545, mind moving that down to like 522?

it looks like they drain some deposit wallets to this wallet every 24 hours. the next batch should come through in less than 5 hours

oh shit 1.5mil jnt was just entered the wallet from a few different addresses. we safe boys

>>8426324
Nice, also, where do people get swing trading bots for these random exchanges?

>>8426324
That settles that I guess.

yup all is fine.Bibox is legit btw, their site has more functions than binance, pc app, phone app, professional team, on telelgram they fix any problem in minutes.No way these guys are exit scam material.Put too much effort in.