It already has made a decent recovery and will be soon where it was. But, it will go back down and up some more times first.
I agree. I don't see how the markets can forget such a thing just like that. Surely the real shockwaves haven't even begun yet! those with millions of USD in Bitfinex didn't wake up yet. the miners who exchange through them and many, many others are still in stand by... let's not forget the Bitfinex has a LOT of money in their bank accounts too.  |
|
|
|
A minute ago was a report about the BitFinex hack on CNN Live International.
Expect some major media shitstorm the next coming days guys!
The mainstream media will not ignore this desaster.
very important is that BitFinex should come up with an good explanation of the event ASAP. until now it is an inside job for me because they used multisig with BitGo. they denied this thing. they said "it was an "external" hack". as for "We've stated several times that our Bitgo implementation removed hot/cold wallet as every user had their own wallet." - if this is true, say BYE to your funds Bitfinex will wash their hand, packed the money they have in their bank accouunts and "hasta la vista, baby"  |
|
|
|
How stupid is this service or exchanger did they really keeped 120K bitcoins ONLINE? Why not use hardware wallets or paperwallets for a such high sum of money i got the feeling they just try to run away and steal money
Answer from Bitfinex: We don't use cold storage for bitcoin, since our implementation with bitgo we've used segregated customer wallets so that each user has their own bitcoin wallet. So, no cold wallet, no reserves, no nothing. Speachless LOL Of course, it doesn't say about their bank account where all their cash is stored This is hilarious and to be frank it is exactly what you will get by trying to be smart and cut corners. We suffered the 2nd biggest theft in the history of bitcoin just because these bastard refused to use cold wallets? So because it is CUSTOMER segregated wallets so each user has their OWN bitcoin wallet that means they likely will just WALK from any responsiblity for this in that it is likely stated in their terms of service someplace all funds in your above OWN wallet is at your own risk. Hell with that kinda out...they probably walked off with the funds themselves....multisig wallets my ass..they never multisig'd anything or the funds would be there it's nice to earn.... 60 millions overnight, right? split in 4-5 = aprox 12 mil usd each Bitfinex's member + the amount from their bank accounts...not bad at all. you can live a great life anywhere with these money without doing anything all your life excepting parties, women, travels |
|
|
|
How stupid is this service or exchanger did they really keeped 120K bitcoins ONLINE? Why not use hardware wallets or paperwallets for a such high sum of money i got the feeling they just try to run away and steal money
Answer from Bitfinex: We don't use cold storage for bitcoin, since our implementation with bitgo we've used segregated customer wallets so that each user has their own bitcoin wallet. So, no cold wallet, no reserves, no nothing. Speachless LOL Of course, it doesn't say about their bank account where all their cash is stored |
|
|
|
Once again , Bitfinex has been hacked and I just want to ask you people , have you learned the lesson yet ? I assume not otherwise you wouldn't keep your funds in an exchange (I'm not speaking with those who kept their bitcoin for short period of time , those accidents happens but I'm mostly speaking for those who had their bitcoins laying there for weeks/months) I'm not trying to be rude or anything but for the last time , please ... please ! Just withdraw your funds from exchanges . I'm not sure what you got to lose here , this procedure will only secure your coins and make you safer. I'm very sorry if anyone lost their money and I'm sure hackers will not be happy with what they have stolen. Yes, if you have more than 20 USD in an exchange or anywhere else it's better to withdraw the money to your wallet and don't leave them for hackers to steel. That's been said, I think Bitfinex, or any other site which was hacked, should return all the money to the users who lost them because it was their responsibility to prevent the hacking. Lol, an unlicensed exchange will not be able to ask for help since the whole site was not legal. Forget about getting money back, look at mt gox and cryptsy... great point! i said the same since months ago. how can someone use an unlicensed exchanger in order to store/trade a lot of cash? they deserve their faith now. https://bitcointalk.org/index.php?topic=1573336.msg15793815#msg15793815 |
|
|
|
I read more than 80m$ worth of coins stolen. So little of them dumped till now. When this is over we may see below 300$ if that's true.
This will end so badly. Everything that people worked for till now will be dirt. Families will be ruined. So sad.
This is the most important reason not to leave your coins on a exchange, you may end up broke! Also the saddest part is that people haven't learn yet which exchanges have licence and which dont! Any exchange can go down any time for any reason but they will investigated more by authoritys, so less likely to have any type of drama (aka missing coins, hack, bug, shit you name it! CoinBreader, you are right. I said about financial licenses a lot. But many people are brainwashed and they don't care about that. I warned about Bitfinex practices on this forum, about their unexisting financial license(insurance), about price manipulation and so so. Result : almost nobody cares and many people lost MILLIONS. Yes, millions of USD not thousands of usd or hundred thousands of USD. I know individuals who lost "cash" worth of millions; years of tradings, no sleep, no life...just trading and now, they lost everything. The next will be BTC-e; same prototype. shady exchanger, no license, no insurance...nothing. |
|
|
|
I'm sorry for everyone who lost their funds in BitFinex. You do not deserve this and the owners of the exchange must be investigated. I have a gut feeling this is another inside job. This could Gox happening again.
I know people(not only one) who lost millions with BTX even I told them to stay away of this shaddy exchangers. I warned about it here, on this thread too as I warn about BTC-e(the next target). Yes, millions of USD not thousands of usd or hundred thousands of usd. So, the losses are BIG. |
|
|
|
The chinesse exchangers are putting the bots(fake transactions) at work very hard. they own miners, they exchange for miners and a low price means the end of them so, the price won't go down too fast because it's artificially sustained by them. |
|
|
|
I wonder what these people do with all this stolen money...
what would you do with 60 millions USD? You would open a real business(if you really want to feel the pulse of society) in your country, you will buy a house, 2 houses...10...so that you can rent them, cars, woman , anything you wish. you would live a life without any problem. A normal person would do that, I just have a hard time believing these sleaze hang up their black hats and start living like "normal" rich people. I suspect they're already thinking about their next heist to gain a billion dollars. it is possible because the hipsters who run the most exchangers do not care about security and other real important things of a business... like running a legit company. they feel like gods when they are tinny shits. all of them pose in Buffet or Trump. of course, their clients have the fault that they are using such companies. I would say that they deserve this expensive lesson. Next time, they will think twice before using exchangers like BTC-e, Kraken, Poloniex and others... Use licensed(insured) exchangers. Yes, there are only few but you may surely get some funds back if something bad is happening. |
|
|
|
I wonder what these people do with all this stolen money...
what would you do with 60 millions USD? You would open a real business(if you really want to feel the pulse of society) in your country, you will buy a house, 2 houses...10...so that you can rent them, cars, woman , anything you wish. you would live a life without any problem. |
|
|
|
Its the wild west out there people  its the main reason i cant get most my friends and family to take it seriously. Its all stories like this of companies folding / stealing / or being hacked that means the so called "decentralization", libertarian shit, hipsterism and so on. without rules (using non licensed exchangers), it's wild west. |
|
|
|
Update, the funds stolen are 119,756 btc. that means aprox 60 millions USD Do you think that Bitfinex will cover this amount and it will business as usual? Definitely not. They only earn on trading fees. I was surprised to even see bitstamp make it back after being hacked for 18K bitcoins. 120K bitcoins is not covereable in any manner. They don't even have assets to continue. Bitstamp has some investors as backup and 5 MIL are not like 60 MIL USD. Bitfinex is alone and even they have 60 mil, they will never cover this loss. They will close the website and they will live their life without any headaches with the money they earned until now. I know bitfinex is alone and not insured, however there is still a possibility the fault lies with bitgo from where the funds were stolen. Bitgo unlike bitfinex is insured, but I am not sure how this will all play out. The insurance MIGHT come into play if it happens to be bitgo's fault. I am not sure if this will calm down someone who has a lot of money in Bitfinex's shit platform Wait for another 4-5 hours until China will wake up...The price will drop substantially. |
|
|
|
Update, the funds stolen are 119,756 btc. that means aprox 60 millions USD Do you think that Bitfinex will cover this amount and it will business as usual? Definitely not. They only earn on trading fees. I was surprised to even see bitstamp make it back after being hacked for 18K bitcoins. 120K bitcoins is not covereable in any manner. They don't even have assets to continue. Bitstamp has some investors as backup and 5 MIL are not like 60 MIL USD. Bitfinex is alone and even they have 60 mil, they will never cover this loss. They will close the website and they will live their life without any headaches with the money they earned until now. |
|
|
|
Update, the funds stolen are 119,756 btc. that means aprox 60 millions USD Do you think that Bitfinex will cover this amount and it will business as usual? |
|
|
|
110,000 BTC ---- I would say "bye, bye Bitfinex". Nobody will cover this amount ! I would buy a ticket to China for tomorrow morning if I would be a Bitfinex's client with an important amount. Bitfinex has money in banks. i warned about Bitfinex since 4-5 months ago (see my previous post about it)  |
|
|
|
for hacker, it's a VERY positive thing. he/they are millionaires . it seems that over 60 MIL USD were stolen... |
|
|
|
it should be around of 120K BTC lost that means aprox 60 millions USD... if this is real, Bitfinex will say "asta la vista, baby" |
|
|
|
See it positive. At least the guy who stole it, is possibly going to buy lots of highly beloved ETC with it.
you can make the bets. how much is the breach? few hundreds thousands or millions? |
|
|
|
It's so funny when they write " The theft is being reported to — and we are co-operating with — law enforcement." What law enforcement when YOU are illegal?!?! They are liers and morons... Please explain... how/why is Bitfinex illegal? I explained that in other posts. Bitfinex business is required to be licensed by the country where they are incorporated. They claim to be in China and BVI. Both countries require a financial license for a such business. More than that, if you want to operate(to have clients) in EU, USA and your company is registered, let's say in China (it can be any country), you must get license in EU or USA(in each State from US) along with the license from China. Bitfinex doesn't own any license so they are running an illegal business. http://www.digitalcurrencyperspectives.com/2016/06/09/cftc-fines-bitfinex-for-failing-to-register-and-operating-an-illegal-exchange/ |
|
|
|
This illegal exchanger ( https://www.bitfinex.com/) is hacked. 120K BTC was stolen(aprox 60 mil USD) !
http://www.coindesk.com/bitfinex-shuts-down-customer-bitcoin-stolen/It's so funny when they write " The theft is being reported to — and we are co-operating with — law enforcement." What law enforcement when YOU are running an illegal forex company(without licenses) ?!?! They are liars and morons and full of vanity(they know everything, they are beyond any problem, they are GODS)...This vanity brought down almost all the exchangers. |
|
|
|
|
Show Posts
