Bitfinex.com HACKED ??

I heard rumors that the bitfinex has been hacked which resulted in these panic sales

Its still a rumor for me until bitfinex confirms. What do you think guys ?

Quote from: xinzark on June 21, 2016, 11:44:14 AM

I heard rumors that the bitfinex has been hacked which resulted in these panic sales

Its still a rumor for me until bitfinex confirms. What do you think guys ?

They didn't say anything about hacking for the moment :

Quote

Investigating - We have elected to take the site down due to network instability within our datacenter. We are working with our hosting provider to get the issue solved and will continue to update this page.

Source : https://bitfinex.statuspage.io/

That's what I heard too. I have funds there.

Im hoping for the best and once it goes up again I will transfer my coins. I already sold my coins to other exchanges because if BFX will goes the same way as MTGOX, massive dumps will happen.

No choice but to wait. I have bitcoins there too.

I still believes for what is stated here : https://bitfinex.statuspage.io/

If ever the site will goes up, no second thought I will pullout my coins there.

stop FUD

https://twitter.com/bitfinex

Quote

We are not confident in the network stability of our datacenter so we have elected to take trading down for the time being.

Quote from: chaser15 on June 21, 2016, 11:47:54 AM

I also did the same and sold 80% of my coins 30 minutes ago
No regrets on my decision. ATM I will keep my fiat money there to buy back if price rises

I withdrew my btcs from them successfully just a few hours ago before they went down again Cool

I don't think they are hacked
But either way, I am safe Cool

Quote from: lysr on June 21, 2016, 12:06:43 PM

I withdrew my btcs from them successfully just a few hours ago before they went down again Cool

I don't think they are hacked
But either way, I am safe Cool

I don't think too in the first place. It's just that I have funds there that's why Im optimistic lol.

Hope it will get back on it's feet later as it will result for me to not make sleep the whole night.

Quote from: davidorentol on June 21, 2016, 11:51:40 AM

stop FUD

https://twitter.com/bitfinex

Quote

We are not confident in the network stability of our datacenter so we have elected to take trading down for the time being.

Check out the USD and BTC swap movements reported on BFXdata.com, shortly before they shut down for 'maintenance'.

https://bfxdata.com/swaphistory/totals

I have USD sitting on Finex.....and I am not feeling comfortable with that at all.

When bitcoin exchanges are having long issues this is always a possibility, perhaps they're doing damage control for something significantly more serious than just a datacenter outage. You really have to expect all kinds of things form bitcoin exchanges no matter how trustworthy they are. Those that "panic sold" might end up being the wise ones ebcause they managed to do so while there still was liquidity for a decently high price. If Bitfinex end up Goxing people it'd be a major blow to the price.

Tweets by @Bitfinex

Quote

Absolutely not true. Especially considering we don't have the hot wallet setup for btc anymore. We use segregated wallets

What's this segregated wallet ?

Quote

Any user can verify their funds on the blockchain at any time.

Anyone to verify ?

By the way, btc is pumping back. Will it fall again ?

Quote from: alani123 on June 21, 2016, 12:20:42 PM

When bitcoin exchanges are having long issues this is always a possibility, perhaps they're doing damage control for something significantly more serious than just a datacenter outage. You really have to expect all kinds of things form bitcoin exchanges no matter how trustworthy they are. Those that "panic sold" might end up being the wise ones ebcause they managed to do so while there still was liquidity for a decently high price. If Bitfinex end up Goxing people it'd be a major blow to the price.

Finex are about the least trustworthy western exchange that there is.

Quote from: MatTheCat on June 21, 2016, 12:23:38 PM

Quote from: alani123 on June 21, 2016, 12:20:42 PM

When bitcoin exchanges are having long issues this is always a possibility, perhaps they're doing damage control for something significantly more serious than just a datacenter outage. You really have to expect all kinds of things form bitcoin exchanges no matter how trustworthy they are. Those that "panic sold" might end up being the wise ones ebcause they managed to do so while there still was liquidity for a decently high price. If Bitfinex end up Goxing people it'd be a major blow to the price.

Finex are about the least trustworthy western exchange that there is.

That'd vary depending on how you look at it. They were caught doing many unethical things (example: https://redd.it/2t3iz5), yet people had put millions with them. They're entrusted with the money of many, but I wouldn't call them opbjectively trustworthy compared to other exchanges.

In my opinion , ETH actions drained from bitfinex causing this issue and BTC is not involving this issue.
Buy more BTC when the price is low
Waiting and see the bitfinex news

Quote from: tomsmith26 on June 21, 2016, 12:38:44 PM

In my opinion , ETH actions drained from bitfinex causing this issue and BTC is not involving this issue.
Buy more BTC when the price is low
Waiting and see the bitfinex news

I am not sure it is drained.
I also can see that at least one of the hotwallett is almost empty, and there were some big transactions today. But it also could be a panic cashout. For example an attacker wouldn't cashout to poloniex coldwallet.

Bitfinex update

We believe that internal networking issues between our servers have been resolved, allowing us to reliably run the backend systems, including the trading engine. External connectivity issues remain, however, which may result intermittent unresponsiveness as our hosting provider continues to work on the problem. We will bring the system back up once again to allow people to cancel open orders for a period of 15 minutes before accepting new orders for matching.

u/zanetackett Several questions:

If price sharply drops due to thin order depth (but bounce soon) after resuming, and hit my liq. price, will the liquidation be executed?

How can I deposit more BTC into my account to lower my liq. price at present?

If such liquidation happens, how will you compensate your customers?

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[–]zanetackett 1 point 7 minutes ago
We are not going to liquidate anyone until the market stabilizes. We aren't going to dump liquidations on the market.

Your existing addresses are still fine to deposit to. Deposit to trading wallet and that would effectively lower your liquidation price.

Refer to point one.

There has been news like this about before, https://www.reddit.com/r/BitcoinMarkets/comments/2t3iz5/bitfinex_cso_phillip_g_potter_admits_to_trading/

So what if they have sold big amounts of bitcoins when price was high and now they are intentionally trying to cause panic sell to drop the price so they can buy back?

Instead of believing FUD spreaded to make the price even tank further, people should have a look at the twitter messages coming from Bitfinex. It's just a matter of hours before at most before Bitfinex is up and running again.

Bitfinex is up again. Trading will Start from 2:00 UTC
Expecting the recovery in the price

I think bitifinex has something to do with bitcoin price. price straight away jumped from 642$ to 682$ just now after the updates from bitifinex. maybe we can hope for more increase. everyone stay calm and be ready for a big jump.