JorgeStolfi
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February 15, 2015, 06:40:14 PM

bter.com Cold Wallet looks empty, bro.
http://www.walletexplorer.com/wallet/Bter.com-cold/addresses

2 test-withdrawals of 195 BTC followed 7 minutes later by 7160 BTCs!!

2015-02-14 04:32:26   -7160.00011538    0.00028815               f5b0363f03e1ed8bb812…
2015-02-14 04:25:56   -90.                      7160.00040353             f6a3cd44800621cbab9c…
2015-02-14 04:25:56   -105.                    7250.00040353            4a700f46a583d5856833…

That is a bit misleading.  AFAIK there was a single 7170 BTC transaction that cleaned out the cold wallet (minus the fractions of BTC).  This page gives a better view:

http://www.walletexplorer.com/wallet/Bter.com-cold

Apparently the hot and cold wallets were set up so that +15 BTC were typically sent from hot to cold, and -100 BTC were sent (less frequently, of course) from cold to hot.  Perhaps both were automated?  Anyway, the last two -100 BTC transactions are typical, the -7170 BTC transaction is not.

The 7170 stolen BTC have been split into chunks of 1000 BTC or so.  They are worth ~1.7 M USD at current prices.

never had the coins. Fractional reserve is bad apples.

From the above page, it seems that they had those BTC allright.  Whether it is theft or embezzlement, who knows.

It seems that Bter was mostly into LTC and DOGE trading, and they promised to let clients withdraw those soon.  Let's  see.