statdude
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August 02, 2016, 10:31:57 PM |
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I saw a picture and a reference to 700k or 120k BTC being hacked - can anyone corroborate?
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Tinfoilwhale
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August 02, 2016, 10:41:09 PM |
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I saw a picture and a reference to 700k or 120k BTC being hacked - can anyone corroborate?
Both ways enough to do crazy stuff. Any number you will hear is very likely a rumor until Bitfinex announces it or goes 404. |
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leigh2k14
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August 02, 2016, 10:42:39 PM |
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jpdorn
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August 02, 2016, 10:44:42 PM
Last edit: August 02, 2016, 10:55:22 PM by jpdorn |
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Its just me or this title has a subliminar message, see : Bitfinex HACKED- fun  btw, the question is, why people still use third-partie to hold their btc, as btc has a strong/significant feature for it, and was designed for remove third-partie dependency.JESUS |
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philiveyjr
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August 02, 2016, 10:46:59 PM |
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It was just confirmed by zanet, the amount is around 119K BTC. Terrible loss for the bitcoin community. Lets hope something comes out of legal cases.
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mayax (OP)
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Activity: 1456
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August 02, 2016, 10:48:00 PM |
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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)  |
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philiveyjr
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August 02, 2016, 10:52:10 PM |
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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 i warned about Bitfinex since 4-5 months ago (see my previous post about it) I am more curious about how it happened. Wasn't it on multisig ? How could both the keys have been compromised. The only reason I can think of that happening would be an inside job. Tomorrow will tell. |
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leigh2k14
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August 02, 2016, 10:53:42 PM |
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Centralized exchanges have and always will be the weak point in crypto.
Time for blocknet!!
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mayax (OP)
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Activity: 1456
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August 02, 2016, 11:01:12 PM |
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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? |
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g_d
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August 02, 2016, 11:02:29 PM |
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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? I am so F****D!  |
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philiveyjr
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August 02, 2016, 11:04:58 PM |
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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. |
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Tinfoilwhale
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August 02, 2016, 11:06:03 PM |
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Everyone knew it could happen. Sorry for everyone involved.
60 mio sounds very close to the DAO thing. Not tinfoil, but currently certain happenings are just very close.
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mayax (OP)
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Activity: 1456
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August 02, 2016, 11:08:09 PM |
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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. |
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The Sceptical Chymist
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Cashback 15%
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August 02, 2016, 11:08:50 PM |
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Same old shit, different day
Yeah, no kidding! So is this probably why we've seen a drop in price? Is someone selling for fiat in large amounts, i.e., with the hacked funds? It is the same thing, different day. This whole "I got hacked" story is threadbare at this point. When are these scunts going to learn? |
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Cryptopher
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Activity: 1789
Merit: 1008
Keep it dense, yeah?
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August 02, 2016, 11:19:16 PM |
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There are some significant dumps occurring on various exchanges, order book is looking very thin.
Ugh, I'm glad that I'm not holding any coin at the moment.
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Sign up to Revolut and do the Crypto Quiz to earn $15/£14 in DOT |
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philiveyjr
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Activity: 840
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August 02, 2016, 11:21:34 PM |
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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. |
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mayax (OP)
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Activity: 1456
Merit: 1004
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August 02, 2016, 11:23:42 PM |
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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. |
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DOGE12321
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August 02, 2016, 11:30:09 PM |
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No wonder the price of Bitcoin just went down.  I think the price is known now. Around 60 million. At least I am not affected. Good time to buy BTC too. |
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btckold24
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Activity: 434
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
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August 02, 2016, 11:36:36 PM |
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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 |
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mayax (OP)
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Activity: 1456
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August 02, 2016, 11:42:05 PM |
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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. |
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