Bitstamp covering all the losses is not going to be enough. Traders are still going to withdraw all their coins. Bitstamp will have to find out where the leak is and fix it. Once they fixed it, perform a full system audit, confidence can return.
I said above. these things will takes months and BitStamp won't afford(because they don't want to lose any cent) to cover the losses and to keep the company expenses. Bitstamp credibility is zero at this point. No update since 12 hours ago. They didn't understand that they are playing with people's money not with bricks. Their customers must ask the money back by bank wire. Their bank account is STILL functional. Almost all their BTC must be backed in real money, right? I would ask the money today not tomorrow. |
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Doesn't Coinbase use Bitstamp in some way to process things for them?
yes, they are partially interconnected. same as Bitfinex. |
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ask your money back.
Bitstamp has most of the money in their bank account. All their BTC must be backed by real money so, ask your money back asap.
Their bank will freeze their account in the following days.
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this is insane  . why does this keep happening? I guess history repeats itself Because most of these exchangers are ran by amateurs, hipters who thinks about their self that they are GODS. That's why these things are happening. Look to their behavior. They think that they are a corporation; same as Mtgox or Moolah. Look here : http://www.liveleak.com/view?i=e63_1404777061  https://www.youtube.com/watch?v=ob9Ak1t09AoThis is a common behavior for almost all these "exchangers". They are "busy" people, full of the word's problems.Nobody can understand what burden they carry but in essence they are some kids who saw a lot of money in their hands. They are full of vanity....they know better than anyone how the "things" are in the financial industry even they have 25 years old. They create "scripts" on knees and saying "it's the best" even they only tested for 1-2 weeks. A real software it's tested for months and even so you cannot declare it as safe. That's why all the hacks are happening. The greed and vanity will bring down all these so called exchangers. Unfortunately, their clients will pay the bill. |
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Bitstamp have been manipulating the price for 12 months.. More bullshit to drive down the price.
I agree with you. They are manipulating the market and not only Bitstamp but another 4-5 big exchangers. |
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ask the money back from Bitstamp.
Almost all their BTC should be backed by real money (USD or EURO). these money are into their bank account.
they "lose" the BTC but the real money will remain to them if you will accept the "loss".
Most of their money are coming from bank deposits not direct BTC transfers.
So, ask your money back by bank wire asap. Their bank will froze the account shortly.
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ask the money back from Bitstamp.
Almost all their BTC should be backed by real money (USD or EURO). these money are into their bank account.
they "lose" the BTC but the real money will remain to them if you will accept the "loss".
So, ask your money back by bank wire asap. Their bank will froze the account shortly.
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how did you calculate this "small" balance? it's around of 5 MIL USD. How much does have Bitstamp? 50 MIL? Let's get real. Even so, Bitstamp MUST have these money in bank, right? I think most of these money came from bank deposits. |
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it is NOT Bitstamp reserve. it's the CLIENT's money. |
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you should say "thanks" if it would be 1 BTC = 100 USD
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how did you count 13? You're right, it should be more. I need one more exchange to make "a couple". Vircurex is good enough? |
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how did you count 13? |
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They should publish a text explaining what's happening
explaining what? WE didn't care about you, fouls? BitStamp is down for sure. why? they have two options: 1. they cover the loss but their credibility will be almost zero anyway.who will deposit money into a former hacked system? maybe in time...but time is money and i am sure Bitstamp won't resist on market with all their monthly expenses which are not small at all. 2. they close the business and keep the rest of the money. very simple to do it. option one is not always true. for example c-cex.com lost all his btc in march 2014, but right now is more alive than ever. If they can recover all the btc, and prove that they will improve security, they can survive I agree. this is what I said too. it takes time(months, maybe a year) until you regain the trust. Bitstamp has a lot of expenses. it's hard to keep a company with zero money.... |
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After the price crash, this is another blow to Bitcoin.  Bitstamp fucked up, but what can I believe now? Cold wallet,maybe. CEO is in vegas as we speak is he opening a strip club? alas magikarpa muffin shop? hahaha, yes, he is in a middle of lap dance while someone is breaking his "house". you see, the owners are two "kids" who are thinking they are Gods just because they made millions from their clients. next time, be more careful to whom you entrust your money. More than that, there are rumors their bank account will be frozen. |
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it is very curious that the Bitcoin price didn't fall YET.
normally, any real "stock" market would have reacted until now. the "players" would have sold...I think Bitcoin foundation is not strange of this.
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Isn't that just the cold wallet address that they moved all their deposits to. I don't think anybody stole 18,000 coins from Bitstamp. why not? wouldn't do it if you would have access to their "wallets"? ) we are talking about almost 5 MIL USD. you can retire on any island you want with these money and you can live like a kind for all your life |
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agree with you, this is what I stated above.
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They should publish a text explaining what's happening
explaining what? WE didn't care about you, fouls? BitStamp is down for sure. why? they have two options: 1. they cover the loss but their credibility will be almost zero anyway.who will deposit money into a former hacked system? maybe in time...but time is money and i am sure Bitstamp won't resist on market with all their monthly expenses which are not small at all. 2. they close the business and keep the rest of the money. very simple to do it. |
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What would gox 2.0 do to bitcoin?  18k < 650k , its still a ton though why do they need 18k coins in a hot wallet do people really withdraw that much in a few days lets say? because they think they are GODS and nothing bad can happen to them. they think that they are beyond monkeys like "us"... They are just two kids(owners) who are running/playing the people's money. Of course, their clients have their own fault. They must make their due diligence before making any investment. |
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