Bitfinex.com HACKED ??

[GermanFoobla]

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 :

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/

There are so many gambling sites that seems to be hacked but that are the sites them self becaus they lost allot i think and just want to hack most of your bitcoins back.

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[chaser15]

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

Whew didn't able to make such moves before the price really hits the dipping point today. My minimizing the loss method has been wrecked for the first time. No choice but to hold again. Im still on profits with the current price today but it's even more if only I able to sold before the site have been down.

[QuantumCurrency]

This is why centralized exchanges are ripe for failure.

[mertliti]

Well, NOW they're hacked.   

[1Referee]

Well, NOW they're hacked.   

Perhaps they were noticing something suspicious when the exchange halted its trading engine in the previous times. And right now they are hacked. Coincidence?

[mindrust]

So bitfinex pulled gox on us.

They first manipulated the price from 450 to 650 and now they dump like there is no tomorrow. This will be the final nail on bitcoin's coffin.

I guess that recent price rise had nothing to do with the halving.

[jianluca0808]

definitely they are NOT hacked.


they dont have customer's deposits. that's why they are closed.

my guess is they lost them on margin trading or dodgy trading of some sort.  Either way,  once the tide goes out, they can't pay  so they invent a "hack".

It has been quite clear Bitfinex is a massive fraud from the beginning.  Anyone who didn't believe that is now finding out the truth.

TLDR;

No hack.  Just fraud. Either way, if you are a customer, your money is gone.

[mertliti]

Perhaps they were noticing something suspicious when the exchange halted its trading engine in the previous times. And right now they are hacked. Coincidence?

It's an easy assertion to make, but of course correlation does not prove causation.
Nonetheless, NOW they're hacked.

And if *they* got hacked, with all the security layers they had in place, I really fear for the Bitcoin ecosystem. This is no MtGox rookie player.

It's one thing to assert the axiom that every system is hackable. But with digital money, if that means that every dollar in crypto is hackable, well that's not good for the use of said crypto.

[alani123]

Security breach and bitcoins stolen are confirmed by bitfinex in their post

http://blog.bitfinex.com/uncategorized/security-breach/

Not much about the extent of the incident though, I guess that's why the price is dropping. People should really move away from this crappy exchange, this is a MtGox waiting to happen.

[proudhon]

Not much about the extent of the incident though, I guess that's why the price is dropping. People should really move away from this crappy exchange, this is a MtGox waiting to happen.

Too late.

[damiano]

This will be the final nail on bitcoin's coffin.

Do you even understand what you are saying here? So you think Bitcoin is dead again now right?

[MatTheCat]

Security breach and bitcoins stolen are confirmed by bitfinex in their post

http://blog.bitfinex.com/uncategorized/security-breach/

Not much about the extent of the incident though, I guess that's why the price is dropping. People should really move away from this crappy exchange, this is a MtGox waiting to happen.

IT is reckoned that around 120K BTC were stolen.

[proudhon]

This will be the final nail on bitcoin's coffin.

Do you even understand what you are saying here? So you think Bitcoin is dead again now right?

Might not be dead, but it is dying. There's just really no denying that anymore. It's not going to die overnight, it will be drawn out just like we're already observing. It'll take a few months for people to come to grips with the market impact of yet another devastating hack and theft, but we're going waaaaaay down...again. Sorry, folks. The idea is cool, but it just cannot work in practice.

[proudhon]

Security breach and bitcoins stolen are confirmed by bitfinex in their post

http://blog.bitfinex.com/uncategorized/security-breach/

Not much about the extent of the incident though, I guess that's why the price is dropping. People should really move away from this crappy exchange, this is a MtGox waiting to happen.

IT is reckoned that around 120K BTC were stolen.

Yep. https://www.reddit.com/r/BitcoinMarkets/comments/4vtv1m/bitfinex_down_due_to_bitcoin_security_breach/d61oetn

Some things never change. And in this case, it's the things that will kill this experiment.

[alani123]

Not much about the extent of the incident though, I guess that's why the price is dropping. People should really move away from this crappy exchange, this is a MtGox waiting to happen.

Too late.

Well you're right, at the moment I read:

As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach.

I knew that this is exactly like MtGox. At least they're a bit more open about it and reporting on the breach at the moment it happened. Hopefully that signals that the breach isn't that big.

Edit:

Yep. https://www.reddit.com/r/BitcoinMarkets/comments/4vtv1m/bitfinex_down_due_to_bitcoin_security_breach/d61oetn

Oh wait Is that an official account?

[damiano]

This will be the final nail on bitcoin's coffin.

Do you even understand what you are saying here? So you think Bitcoin is dead again now right?

Might not be dead, but it is dying.

It is dying is it? lol and who do you think you're talking to, someone that has not been around the block and made a small fortune from Bitcoin 'dying'. I get ya and there is nothing to see here.

[LordCoder]

Bitcoin isn't dying, miners are. 

[kwukduck]

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

I guess you haven't been around long. Bitcoin has never 'recovered' just like that after such an event.

This is a complete clusterf*ck for the entire bitcoin economy and it's going to be a very close call whether or not the entire network will survive this.

Anyone believing this was a "hack" and not just another scam in the bitcoin world has lost his marbles.

[MatTheCat]

It is dying is it? lol and who do you think you're talking to, someone that has not been around the block and made a small fortune from Bitcoin 'dying'. I get ya and there is nothing to see here.

Hey...Bitcoin is currently trading at $37 above the miners break even point for running their mining farms, just after a $200 drop within 48 hours....

......everything wil be just fine, I am sure.



So, when Finex comes back online......DUMP or PUMP!?

Whatsitgonnabe?

[X7]

119,765 BTC stolen