What exactly am I supposed to do with my newly acquired 141 BFX tokens? Since I live in the US and the trading of them will be limited for me, are they just there to remind me of my folly?  I believe that the PR guy has said that US customer will be able to withdraw them. I suspect that this will allow for OTC trading of them and possibly trading of them on other exchanges. Who is going to want these tokens? What is backing them if it isn't the Bitcoin network? Seems like a long shot for bitfinex to try this hand waiving technique. Bitfinex is launching its own e-currency with these tokens. Another illegal thing  Their clients must be VERY, VERY stupids to accept that till the end without trying to recover all their funds back by suing Bitfinex. What's so strange is that the BTC media is OK with that. They don't say "Hey, Bitfinex is issuing uncovered shares even this company is not allowed to do that" or "Bitfinex is launching its own e-currency and it doesn't have a financial license" (even they need one for forex anyway) ) |
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I was ironic in the post from above. of course, Bitfinex "hacked" them self because their clients are like sheep |
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The website is still a scam. I don't trust them anymore (I didn't use it ever, but I would have probably trusted it if I needed to). I expect another "hack" phase to begin when the site will be fully working once again. A $65M loss is a huge amount, the temptation to steal it as the owners is as big as the amount is.
Why using the word "Scam". When did bitfinex scam you? Did they have a bad reputation that they scam people? and you have a evidence about that? All I know is that there site was hacked last week that's all and no scam happened because the owner of the site also suffers and also the users of that site  why do you use the word Hack? how do you know that it was a hack? because you have been TOLD so? did you see any evidence of this hack?   |
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I'm feel sorry for people who lost money. Situation is very confusing for me, why people used this exchanger if there is licensed one. Where we can find list of licensed exchangers?
I didn't start to trade, I'm just reading about that and this situation made me a bit worried. I would like to protect my money, and licensed exchangers probably have better security and maybe even some insurance in this kind of cases. Does anyone here trade on some licensed exchanger? Which one?
there are only few licensed exchangers because it's HARD. It involves a lot of money invested, staff, regulations and so on BUT the clients are protected. a licensed exchanger is insured because it's requested by law(it doesn't matter the country where they are incorporated). a licensed company has external audits, the authorities control their procedures(KYC,AML, security, etc). it's not just a simple website. the licensed companies are: Gemini, Coinbase, Itbit, Circle, Bitstamp |
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"The digital-currency exchange also plans to compensate clients for losses from the $65-million theft with tokens of credit"
This is totally ridiculous, who in his sane mind would belie that these tokens will be worth even 1 cent. Give people their money back.
Not some virtual tokens no different that newly created altcoin, dirt cheap promises are probably better that these tokens.
how can they do that? they need "pocket" money for their entire life I warned about Bitfinex since years ago. Many said that it's FUD, stupid idiots and brain washed kids. They born like yesterday and they think that they know everything about e-currencies. BTC-e, Kraken, the chinesse exchangers will end the same in a very short time. all these are unlicensed, uninsured so...illegals. their clients will get nothing back. |
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is there a law that could confirm the report i mean if the owner bitfinex report the matter to the police the hacker can snare by law.
not to HK police where their company is registered. in short, Bitfines will no report anything because it's running an illegal forex/broker without license and first of all, the police will ask them about that... |
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This is the same thing what happened with Liberty Reserve and none of these bitcoin exchange sites could be trusted anymore. No way to know if they were involved with any HYIPs or Ponzis and now I feel LBC too will face the same situation with so many illegal scams going on. It's only the depositors who lost their funds and they probably can't do anything about it now.
Don't see how you can compare the two. Liberty reserve was not operating with crypto currency, but was running an illegal payment processing operation. They were supposedly warned many times by authorities that they are to turn off their operation, but they didn't. And they were shut down by force in the end, with quite the drama and photo shooting on all media. All that been said, liberty reserve was not a ponzi scheme afaik, while bitfinex on the other hand, is possible to be one, and if it's true that they did not report the incident to their local authorities , well.. that just raises the question on their legitimacy even more. Liberty Reserve also was dealing with all kinds of illegal activities like hyips, ponzis which is why the owner was arrested and the funds were seized and here also it's the investors who may face issues in withdrawing their funds due to Bitfinex being itself illegal. The news of LR just came as a shock where the website was shut down immediately while here Bitfinex is probably lying about stolen funds. These payment processors operating without a valid license should never be trusted. if you want to compare like that then 90% from BTC is coming from illegal activities |
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BFXNA Inc is a Hong Kong company which has as its shareholder iFinex Inc , a BVI company.
Bitfinex wants to offer "tokens"(a useless shit) to their clients.
Bitfinex said "The BFX tokens will remain outstanding until redeemed in full by Bitfinex or possibly exchanged—upon the creditor’s request and Bitfinex’s acceptance—for shares of iFinex Inc""
Bitfinex will do an illegal thing again. It will offer shares to public even it's forbidden by the BVI law as an "Inc" company to do that.
So if BVI law forbid offering shares to public than this distributing share to compensate user loss is just another lie from bitfinex? it will be ANOTHER illegal thing that Bitfinex wants to do it along with others from past : market manipulation, inside trading, accounts blocked without any reason, stolen funds from client's accounts and this 70 MIL USD so called hacked which is an inside job too. iFinex Inc(Bitfinex) cannot issue shares to public. judge yourself about that |
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Jerry Seinfeld to Police Officer: my bike was stolen! Police: ok, I'll take a report. Seinfeld: I'm never going to see my bike again, am I? Police: No, no your not. Seinfeld: So why are you making a report? Police: It makes people feel good, like they've done something. I don't really turn in these reports, it's too much work for nothing.  Just forget about your bitcoins. You're never going to see them again and the police won't do anything, even if they knew what Bitcoin is and knew how to trace them. and what about Bitfinex? forget it too? let it run the same business as nothing happened? |
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And what now? Every site need to be carful and to pay a lot for good protection. Even that can guarantee total security I think.
There will be hackers who will try to steal money from different sites. Only thing we can do is to check how much some site protect itself, and if you think they have good team for that only then invest your money there.
You probably didn't read the topic or about the exchange before commenting. THe site was backed and secured with multisig with part of the signature with Bitgo. They were very secure, and it still hasn't been figured out how exactly they were able to get the money out without the 2 signatures. correct and more than that, they didn't provide any evidence for the so called "hack"; a BTC address(it's not quite a proof but anyway)..... that's why we may call Bitfinex as being a scam. |
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BFXNA Inc is a Hong Kong company which has as its shareholder iFinex Inc , a BVI company.
Bitfinex wants to offer "tokens"(a useless shit) to their clients.
Bitfinex said "The BFX tokens will remain outstanding until redeemed in full by Bitfinex or possibly exchanged—upon the creditor’s request and Bitfinex’s acceptance—for shares of iFinex Inc""
Bitfinex will do an illegal thing again. It will offer shares to public even it's forbidden by the BVI law as an "Inc" company to do that.
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You can call yourself the police from HK and they will confirm you that.
Then go call the police again and report the theft yourself. Additionally, if you are affected by this you could (or should) consult with a lawyer. their activity is illegal. Now they are millionaires and destroy many lives
Exactly what part was illegal if they have truly been hacked? Keep in mind that there is a possibility of this being an internal job although that is currently just speculative talk. The people need to keep in mind that what they are proposing for recovery is much better than filing for bankruptcy. Speculative talk is about the so called hack too. Bitfinex didn't provide any single information about that. How do you know that 36% is the real amount? Because Bitfinex says so ? Yes, they are proposing to give you tokens(nothing) instead of money which is means dust in the wind or in eyes "The BFX tokens will remain outstanding until redeemed in full by Bitfinex or possibly exchanged—upon the creditor’s request and Bitfinex’s acceptance—for shares of iFinex Inc"iFinex Inc is a BVI company and according to BVI laws a " INC" company cannot offer its shares for sale to the public |
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This is the same thing what happened with Liberty Reserve and none of these bitcoin exchange sites could be trusted anymore. No way to know if they were involved with any HYIPs or Ponzis and now I feel LBC too will face the same situation with so many illegal scams going on. It's only the depositors who lost their funds and they probably can't do anything about it now.
Don't see how you can compare the two. Liberty reserve was not operating with crypto currency, but was running an illegal payment processing operation. They were supposedly warned many times by authorities that they are to turn off their operation, but they didn't. And they were shut down by force in the end, with quite the drama and photo shooting on all media. All that been said, liberty reserve was not a ponzi scheme afaik, while bitfinex on the other hand, is possible to be one, and if it's true that they did not report the incident to their local authorities , well.. that just raises the question on their legitimacy even more. Bitfinex is an illegal "payment processing operator" too. They have no license for their activities, neither for broker, neither for money transmitter as any law from HK, China, BVI, etc requires. Even more, Liberty Reserve didn't steal any funds from their clients like Bitfinex is doing now. Bitfinex didn't provide any single evidence of the hack. Not even their BTC account from where the funds were "stolen". Let's remember Bitstamp. They did provide the proof immediately... |
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It blows my mind that these things happen and it seems that everyone goes silent afterward. People bitched after Mt. Gox because it was a novel thing at the time. Then Cryptsy and some other ones I wasn't paying attention to. The Hong Kong police should get involved, whether it's to investigate the hack or to investigate bitfinex itself. No one wants to cry "rape". We are content to be repeatedly gangraped by these assholes, it would seem. Somehow I think the people who are losing money don't want the cops involved, because of their illegal dealings or whatever. It's strange.
everyone goes silent because they are afraid of losing the entire amount they have in Bitfinex. they don't care that Bitfinex lied when they said:
"The theft is being reported to — and we are co-operating with — law enforcement."This exchanger has stolen 36% from the customers funds. That means over 20 millions USD and they will continue the business. Didn't you want to make a such "biz" as well? Earning 20 mil usd overnight.... |
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Tokens That is what the casinos give out in exchange for your REAL MONEY.  What is this a joke? I am sure that they will be getting a lot lawyers calling their offices come Monday to find out the meaning of this mockery. there are many kids around here who are afraid of them self. they will accept any shit Bitfinex will say instead of filling complaints against them. |
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Why should those who did not have anything stolen be robbed? I had 30,000 usd in margin funding, CASH. Why should I lose %36?
Is there any open cases against bitfinex yet? I will be joining, or starting a group lawsuit for all those who lost their money. Yes I am responsible for where I put my money, but they are responsible for making me think their system was secure, and my money was safe.
they are in fact a legal company based in hong kong, that means they are open for money recovery. I'm sure those guys who had a few million in cash on margin funding are already in contact with lawyers.
thieves.
I recommend you to file a complain with Hong Kong police and http://www.sfc.hk or http://www.customs.gov.hk/en/consumer_protection/trade_desc/contact_us/index.html through an attorney from your country as soon as possible. Bitifinex was operated by a Hong Kong company, Renrenbee Limited. Be sure that the police will investigate your complain.Just fill it. Do not let your money to be stolen by crooks like Bitfinex (well known ex ponzi runners) Bitfinex said that they alerted a "law enforcement" but they didn't say which one. This a lie. Hong Kong police didn't receive any complaint from Bitfinex regarding to a hack. |
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I am so interested, how much money was stolen, i am don't like when something like this happening but i am sympathize to people who lost their money.
Bitfinex has stolen the funds. There was not any hack. Bitfinex earned 23 MIL USD from this shit. Yes, they made 23 MIL USD overnight. Yes, their clients are happy that they get less 36%. How stupid can you be to accept that? Yes, withdrawn your funds and sue the Bitfinex shit owners ! make complaints. Get your money back from these morons. They always did a lot of scams with their platform; from price manipulation till...so called account hacks. make a search and you find a lot if interesting things about Bitfinex. where are their office? where is their fucking financial license(it's coming with funds insurance) which is mandatory for their business? they have none ! how idiot can you be to accept their terms and to continue to use their services? is this a 100% retard generation? |
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Bitfinex has stolen your funds. It was NO hacker ! They will keep 36% from YOUR money, 23 MIL USD and they will continue the business. How can you let this happen?!!?!?
You must be VERY stupids to leave the things like that.
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being a retard generation (Millennials) who doesn't understand basic business, compliance, insurance and profit models, I expect Bitfinex to go away with that until now, the police from Hong Hong, Interpol should have knocked at Bitfinex door IF some REAL complaints would have been made. as you can see, nobody is doing nothing then it's alright with that. we are talking about 70 mil USD loss not 700K .... |
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Raphael NICOLLE - one of the Bitfinex owners
