Bitcoin-Trader.biz has disappeared overnight with the only communication being a letter sent out to all of their victims claiming that a hacker stole all of their funds and that they offered to comply with the hacker’s ransom notice.Bitcoin-Trader closed all of their social media accounts as well as their website almost overnight, while ducking under the cover of playing the victim of a hacker and claiming to file for bankruptcy.The letter sent to all former account holders reads like an emotionless story of cop-outs to the effect of, “We got hacked, and we’ll file for bankruptcy.Former Bitcoin-Trader customers are left to fend for themselves on Bitcoin Forums.Also read: LSM Labs: A Poorly Veiled Scam John Carley of Bitcoin-Trader sent the following message to account holders before disappearing into the ether.Regrettably I have to announce the failure and closure of Bitcoin Trader.While preparing for the final audit results, a task we were working on for weeks now, our bitcoin wallet has been hacked and emptied, just after exchanging our fiat holdings within the exchanges to bitcoin and transferring our entire holdings to our wallet, in order to proof our solvency.

It is a known fact that I personally opposed any proof of solvency, but agreed to conduct it for the sake of a few dozen small and medium investors.buy cvv bitcoinThe hacker contacted me shortly after he took advantage of our holdings and demanded a ransom in order to transfer the coins back.buy litecoin with interacI have agreed to a 25% ransom of the entire sum, but haven’t heard back from him for several days now.bitcoin ticker ukMy aim was to create something based on trust, just as bitcoin itself is based on distributed trust.gucci bitcoinUnfortunately, I must admit today, [that] I have failed.bitcoin fmi

All [that’s] left to do now is to declare bankruptcy with the Panamanian authorities and to hand over all relevant files and information for further investigation.bitcoin million killer appsWhy in the world would a hacker return 75% of the funds in the first place in order to keep 25%?law ethereal glovesFurthermore, why would anyone even agree to pay a ransom to anyone?bitcoin faucet euThere’s just so many things in this letter that don’t make much sense for them to say unless they are illegitimate.bitcoin security gmail password leakAs a HYIP, how could they be legitimate?Unfortunately, CCN wrote a sponsored story and ran a banner ad for Bitcoin-Trader before Bitcoin-Trader showed their true colors.

So, how was this exposed as a HYIP?“fingertoe11” of Reddit spells everything out in black and white.Bitcoin-Trader wouldn’t disclose their first “proof of solvency” to the public as it could have exposed them.One of the easiest things to verify that the Bitcoin-Trader HYIP scam observed was forcing victims to leave their money tied up for months at a time with the company.The returns listed on the Bitcoin-Trader website were just under 1% in the last days, but for quite a few months at the beginning of the HYIP, 2-3% was not uncommon.The weirdest part of the whole ordeal is that on their contact form in big bold red letters they refused to network with other HYIP programs.What do you think about Bitcoin-Trader and their HYIP scam?Were you a victim?If you were a victim, how do you intend to handle the situation?Disclosure: I lost around $40 in this HYIP, but I withdrew my funds that I gained as profit, in Bitcoin a few weeks prior.’s cache of Bitcoin-Trader and the screenshot as well; other images from Shutterstock.

Bitcoin HYIPs High-yield Bitcoin investment programs Which content would you like to jump to?List of the HYIPs U HYIPs Overview Insurance List of Bitcoin HYIPs Min.Deposit | Daily Income | Payment Status | Reviews Paying HYIPs #Status HYIPMin.DepositDaily IncomeComments BTChain0.01 BTC3.36 % Satoshi Investments0.01 BTC3.00 % Control Finance10 USD1.00 % Roly Investment0.01 BTC0.68 % - 1.13% TechCoin0.01 BTC2.80 % - 6.00 % Binars10 USD3.50 % Not paying HYIPs #Status HYIPMin.DepositDaily IncomeComments BITbonum0.01 BTC3.12 % BitButterfly0.001 BTC3.60 % - 4.56 % Cointradeonline10 USD2.40 % - 3.20 % AltCoiner0.01 BTC3.36 % DAIC20 USD1.14 % - 2.13 % BitcoinTask0.06 BTC3.57% | 1.19% Vitabit0.001 BTC3.36 % HashSecure0.001 BTC1.60 % MaxBit0.001 BTC3.36 % Cryptobitforex50 USD4.00 % BitFlare0.001 BTC3.60 % Cryptotradeincome50 USD1.89 % - 2.33 % Reykey20 USD1.27 % Reykey20 USD1.27 % HG Invest0.001 BTC2.40 % eHashCoin 0.001 BTC3.60 % CoinHash0.01 BTC1.00 % - 5.00 % CoinCash10 USD3.12 % TradeBTC10 USD2.50 % Cryptos10 USD3.00 % - 6.00 % FlexiBit0.01 BTC3.30 % RisingBTC0.01 BTC2.64 % AdmiralBTC0.001 BTC3.67 % HashMiners0.001 BTC3.12 % Dream Paradise20 USD2.00 % Legend Investm.10 USD1.00 % NordeBank25 USD2.00 % BitRUSH0.001 BTC3.12 % ecoPAY5 USD1-6 % EarnBit0.001 BTC2.88 % Barings Capital10 USD0.76 % EcoCoins0.02 BTC1.30 % Strange Event10 USD1.40 % BitOffer0.001 BTC3.60 % BitZilla0.01 BTC3.84 % Solar Invest10 USD1.20 % 365Pay5 USD1.20 % BitMagnet0.001 BTC3.60 % PeakBTC0.01 BTC2.40 % - 4.10 % Decenter0.01 BTC3.00 % AnoBTC0.01 BTC3.84 % AnoBTC0.01 BTC3.84 % Zinc725 USD1.80 % Macao Lotto10 USD0-6 % Coin Transfer0.01 BTC2.10 % Xabo10 USD2.50 % CryptoWealthFund10 USD1.78 % XbtDeposit0.01 BTC2.40 % BTCINVESTING0.01 BTC3.70 % BitJack0.01 BTC3.36 % DirectEarning10 USD3.00 % BitStability0.01 BTC2.67 % Bitjam10 USD3.36 % Bitfinancial0.001 BTC3.60 % BtcLab0.001 BTC3.60 % Netbtc0.001 BTC2.40 % Bitbetria10 USD3.96 % BitSea0.001 BTC3.12 % Minr0.01 BTC3.30 % North Traders1.2 USD1.08 % BitTwin0.01 BTC1.00 % - 1.57 % BlueChip Lab10 USD1.00 % | 7.00% HYIP-A0.01 BTC2.00 % TrezorBitx20 USD1.83 % 6Percenter30 USD0.83 % BitAsstes Ltd0.01 BTC2.88 % SatoshiCash0.01 BTC2.40 % WestBTC0.001 BTC2.0 % Coinn0.001 BTC3.60 % BitRobot10 USD2.00 % AimBTC0.001 BTC3.84 % VirtualTrust10 USD1.20 % BTCSolar0.001 BTC2.40 % Mellon Finance10 USD3.00 % MaximusCoin0.001 BTC1.00 % HashWave0.001 BTC3.60 % Exmobit0.0005 BTC1.10 % BitFinest0.001 BTC3.60 % RevCoin10.00 USD0.78 % ForwardMotion10.00 USD0.83 % HashStorm6.30 USD1.43 % HourCoin5.00 USD2.50 % Bitexcon0.001 BTC3.00 % GrandBit0.001 BTC3.12 % Coince10.00 USD3.00 % BitDeposit0.01 BTC5.00 % BitcoCept26.25 USD0.69 % Business Angels0.022 BTC1.00 % BTCUnion0.001 BTC3.60 % TinderBTC0.0001 BTC2.40 % BTCCpools 0.015 BTC1.20 % GeniusHash0.001 BTC3.60 % BitMoney0.001 BTC3.67 % BitMinister0.01 BTC3.00 % TradeOnBit0.01 BTC3.84 % BitsRapid0.015 BTC1.67 % Zeuscoin0.005 BTC4.10 % TopMine0.001 BTC1.33 % CryptoStability10 USD1.98 % True HYIP10 USD2.00 % Advanced Hash0.001 BTC3.60 % BitAinex0.001 BTC2.60 % ATIhash0.067 BTC1.10 % Icoin240.001 BTC4.8 % Bit-HASH0.001 BTC2.40 % Venture Alliance0.04 BTC2.46 % Romball0.0025 BTC1.20 % Bitera5 USD2 % - 5 % EXIO0.0002 BTC4 % - 6 % BTC Traders0.001 BTC3 % - 5 % ShineBitcoin0.001 BTC5.28 % BitWealth0.001 BTC12 % 7cly0.0000005 BTC1.13 % BitROI0.001 BTC2.5 % - 5 % HourlyCoins0.001 BTC3.6 % - 4.8 % SummerBTC0.001 BTC3.6 % - 21.6 % HourlyFunds5 USD2.1 % - 11.2 % CryptoPrime0.001 BTC3.4 % AvaBitcoin0.0000005 BTC2.4% / 2.88% / 3.6% ProInvestClub10 USD2.5 % - 13.3 % Prefex10 USD4 % - 17.5 % sea Mining0.001 BTC0.07 % BTC-BIS0.001 BTC2.5 % / 3.6 % / 5.5 % / 7 % CryptoinvestGr25 USD10 % - 240 % ClubCashCow10 USD2 % - 16.29 % Zillix0.012 BTC2.5 % - 5 % PINBTC0.0001 BTC2.4 % 8DailyCoin0.001 BTC0.85 % ThreeBitcoin0.001 BTC6 % - 500 % HourProfit5 USD2.4 % Bitles201610 USD2 % - 5.3 % BitHourly0.001 BTC3.8 % / 4.2 % / 4.5 % RoyalCoins0.01 BTC3 % - 5 % 12DailyCoin0.001 BTC3.6 % - 12 % BloomBTC0.001 BTC2.4 % MinuteBTC0.0001 BTC2.4 % BitcoinInstant0.001 BTC1.8 % - 11.4 % BTCProfix0.001 BTC1 % - 3.2 % CoinMiners0.001 BTC2.8 % - 4.5 % BitAiry0.001 BTC2.4 % BTCFlex0.001 BTC3.6 % PerfectHashno min.3.6 % CryptoInv0.0005 BTC2.5 % IoScriptno min.5 % GUDbiz0.0001 BTC4.0 % - 5.5 % EarningsTd0.001 BTC3.1 % - 5.5 % Emicoin0.001 BTC1.7 % - 4.5 % EarnTomorrrow0.0005 BTC10 % 14Daily0.0005 BTC10 % Insurance active | Insurance expired | Paying | Awaiting payment | Not paying U Bitcoin HYIPs Overview Everything you need to know about Bitcoin HYIPs What are Bitcoin HYIPS Bitcoin high yield investment programs, also short Bitcoin HYIPs, may pay you high returns for a small amount you invest in them.

These programs get the profits by trading forex, stocks and bonds, sports betting and other.HYIPs pay hourly, daily, weekly or monthly.The daily income rates depend on the HYIP itself and range from 0.5% to 6%.Can you make money by investing in Bitcoin HYIPS?The answer is yes, you can do profit by investing in Bitcoin hyips.Though you must know, that most high yield investment programs will sooner or later turn into a scam and run away with your investment.You can imagine the way a hyip like a gaussian curve, see image below: Explanation of the Grafik: We can divide the lifespan of the HYIP in three parts.Phase 1: The Launch.Admin launches a HYIP platform.Investors invest Bitcoin, Admin pays the promised percentage.Admin is essentially paying from his own pocket and is making losses.Phase 2: The Upswing.The HYIP is booming, many people are signing in and investing.The potential profit of the admin grows faster than the amount he needs to pay daily to the investors.Phase 3: The Fall.

Only fewer people continue investing in the platform.This means, that the potential earning is getting less, due to the fact that the admin needs to pay out a profit daily.Admin decides, that now is the point of maximum earnings for him.First, he stops all the payments out of the website, yet you can continue invest.Later he runs away and closes the website.This is why the next question is very important: How to minimize the risk?As seen in the upper graphic, the periods you are going to earn are phase 1 and 2.This means you need to join as early as possible, equivalently, you need not join too late.To find out if the HYIP is in the beginning of phase 2 or at the end is not easy.Therefore our rule of thumb on joining hyips: If the hyip is paying more than 5% daily, then don’t join it after it has been there for more than two weeks.If the hyip is paying between 5% and 2.5%, then don’t join it after it has been there for more than four weeks.If the hyip is paying less than 1.5%, then the choice is hard.

The website might pay for a very long time like HashOcean (more than a year), or stop like Business Angels (less than three months).Don’t forget to request manually your daily withdraw.Insurance: Bitcoin Investment Insurances have been around for decades.The first ones beeing made by the Chinese and Babylonian (~2000 BC) in case a shipment got stolen.So basically, an insurance is a way to protect one from a financial loss.But why are there no good insurances for our financial decisions as Bitcoin investors?Why don’t the big platforms care about the small people?We decided to fill this gap since TOGETHER we are stronger!Insurance for your Bitcoin Investment Since all of us are trying to make some money over Bitcoin investments, we found a way to reduce the risk of the investors by making an insurance!Normally insurances cost, but in our case, those are going to be free for us coin investors.So let us show showcase you how the Bitcoin insurance will work.How does the Bitcoin Insurance function?

The easiest way to understand this is by making an example.So let us assume: insurance amount is 1 BTC – so in case of a claim, the amount to be distributed to our community will be 1 BTC.insurance period is 20 days – if the bitcoin investment program stops paying before the end of this period, the insurance amount will be paid out to the investors.Each ivnestment opportunity with an insurance will have a counter showing when the period is going to end.Investors: 1 invested 0.5 BTC, 3 invested 0.2 BTC, 5 invested 0.1 BTC, 10 invested 0.05 BTC, 20 invested 0.01 BTC, 2 invested 0.005 BTC If the investment program stops paying on the 21st day, the insurance expires and nobody gets paid.If the investment program stops paying before the 21st day, the insurance amount is distributed to all of the investors.To calculate who gets how much, we use the amount each user invested and weight it to the total amount.The formula for each person is: (Own Investment/ Total Investment)* Insurance Amount It is important to say, that the maximum amount taken into this calculation is 0.1 BTC per user.

The minimum is 0.01 BTC.In this example, the total amount of invested is: 1*0.1 + 3*0.1 + 5*0.1 + 10*0.05 + 20*0.01 = 1.6 BTC.The 0.1 BTC investor will get for example: (0.1/1.6)*1 = 0.0625 BTC back.Who pays for the insurance amount?Since we are a community website with enough investors, we are able to make this insurance demand directly to the Bitcoin investment platform.This means that the Bitcoin HYIP or Cloud Miner is paying the insurance amount.This amount is then transferred to our secure Bitcoin Wallet.If the Bitcoin Investment platform continues paying after the insurance time, we are going to give them the insurance amount back.But how can you trust us, that we really distribute the insurance bitcoins fairly?Who is eligible to claim this Insurance?Everyone who is registered as a referral under us will be insured – else it is impossible to us to distinguish real and fake investors.Important to notice: Maximum Amount: 0.1 BTC – else the small investors wont be able to get anything Minimum Amount: 0.01 BTC – the effort is else higher than the transaction costs Need to be referral of our testing account – so only our community gets the insurance Only on first payment to the BTC website – else it is currently too hard to figure out the invested sum Time to claim: 72h – since we can only calculate the amount each investor gets when we know the total amount of people claiming an insurance.

And since we want to proceed giving the money back as fast as possible, we decided to put this time limit.Transperency of the insurance Amount over the Blockchain We are going to use the following Bitcoin Wallet address: 3DYxgH6hyS83HxHarVh9iq4RJ6ufPtL2cy By clicking on it, you can see all the in- and outgoing transactions.So you will be able to verify if we really got the insurance amount and if we really paid it back.On maturity of the insurance, there will be a special contact form under our explicit investment review.As mentioned, one can use this form for 72h, after this time limit, it will get disabled.All the needed information will be explained on the form.After the 72h, we will post the calculations of the claims and send the transactions over the block chain.Here are some examples of already paid out claims: Decenter.Bitcoin Investment Security: Disclaimer The formula of calculation is showcased above.By no means everybody will get his total investment back, it is just a way to maximize the earnings you make.