Bitfinex HACKED - funds stolen !

[raver36]

Welcome to the future!

This is how you 'rob a bank' in the digital age 

[Searing]

Welcome to the future!

This is how you 'rob a bank' in the digital age 

Jeez that is a lot of money. I simply do not hang around with the right kind of geeks in my circle....should start hanging out with the evil hacker types

that is a lot of moola if they get away with it (likely imho)

Can you imagine some 16 year old kid doing this hack and he is sitting around going wtf do I do now...as his dad is yelling at him to take out the trash. lol

[Amph]

I wonder what these people do with all this stolen money...

They live in huge houses near the beach for the rest of their lives and drink fine wine and get hot girlfriends.  What else?

re-invest them to steal even more, like for example creating another scam exchange like bitfinex in 3 months and declare a security hole 1 year later...

[goinmerry]

Where are the damn MEMES?  
Make it a good one for this special event.

119,756 BTC

There it is.  You made me wait for a long time.    This problem will not be forgotten for a long time if Bitfinex will not resolve this issue.

[Yamifoud]

I thought Bitfinex has got the bitlicense to operate in the US. So it is legal? Why do you say it is not legal?

[pokemongoseller]

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?

Link me with the address please I need to track it where it ended up.

[starmman]

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?

Link me with the address please I need to track it where it ended up.

Wow, that's a lot of money stolen over the last few weeks $60m on the DAO, $60m on Bitfinex, I'm wondering what the next headlines will be!

[Quantus]

I suspect Bitfinex was using Fractional Reserve banking and just ran out of money.

If your using an online wallet you don't own any bitcoins. All you own is a IOU from an uninsured an unregulated service provider who is controlled by people legally obligated under the law "under threat of criminal prosecution" to protect the shareholders investments over the users money, your money.

[18RATTT]

I would like to urge everyone owning Bitcoin to verify 3 things:

1) Pls check if your bitcoin provider is well reputed, backed by top class investors and has a strong engineering team
2) Ask them how they store your bitcoin - how much is stored in hot wallet vs. cold storage
3) Do they have 2 factor authentication enabled for all accounts? 

Regards,
Tiyo from BitX
https://bitx.co

android app: https://play.google.com/store/apps/details?id=co.bitx.android.wallet
ios app: https://itunes.apple.com/id/app/bitx-wallet/id927362479

[truxton]

First coinbase and now this. This is why the Blocknet DX will be huge. Nobody will have to rely on middleman exchanges anymore. https://bitcointalk.org/index.php?topic=829576.6140

its a sleeping giant and clearly needed.

[notbatman]

Is the $60mm from Bitfinex being used to pump ETC?

[philiveyjr]

Is the $60mm from Bitfinex being used to pump ETC?

We would see if the coins see any action. So far I would think its just people who have realized about the hack and are moving to other coins to not let their investments go down. Just like people do with the dollar and gold.

[ixus]

Can someone of the bfx customers , please, check their deposits multisigs ? Mine are nearly zeroed just few month ago.  In general this "event" show up one more time that monopolization and centralisation - are bad.

[BTCLovingDude]

Welcome to the future!

This is how you 'rob a bank' in the digital age 

with bitcoin a "bank" means you not your exchange site! to to rub a bank means to rub you and your wallet with a keylogger or other ways to steal the private keys from individuals.

bitfinex was just a service run by people who didn't know how to secure 119,000BTC.

i hope they recover from this though, it is a shame to see another gox happening.

[mayax]

The chinesse exchangers are putting the bots(fake transactions) at work very hard. they own miners, they exchange for miners and a low price means the end of them

so, the price won't go down too fast because it's artificially  sustained by them.

[Gyrsur]

we should wait for technical explanation. at the moment it could be everything. also an inside job!

[Taki]

Must be exactly cause of that hacking the price for bitcoin jumped down. 60 ml dollars! that is just unbelievable! How many people lost their money!? I think it shows us that no one exchanger is save enough. I'm holding my bitcoins on Yobit and now I am worry about "what if..?" When the price for bitcoin will be higher I plan to withdraw it on my card.

[CoinBreader]

I read more than 80m$ worth of coins stolen. So little of them dumped till now. When this is over we may see below 300$ if that's true.

This will end so badly. Everything that people worked for till now will be dirt. Families will be ruined. So sad.

This is the most important reason not to leave your coins on a exchange, you may end up broke!
Also the saddest part is that people haven't learn yet which exchanges have licence and which dont! Any exchange can go down any time for any reason but they will investigated more by authoritys, so less likely to have any type of drama (aka missing coins, hack, bug, shit you name it!

[mayax]

I read more than 80m$ worth of coins stolen. So little of them dumped till now. When this is over we may see below 300$ if that's true.

This will end so badly. Everything that people worked for till now will be dirt. Families will be ruined. So sad.

This is the most important reason not to leave your coins on a exchange, you may end up broke!
Also the saddest part is that people haven't learn yet which exchanges have licence and which dont! Any exchange can go down any time for any reason but they will investigated more by authoritys, so less likely to have any type of drama (aka missing coins, hack, bug, shit you name it!

CoinBreader, you are right. I said about financial licenses a lot. But many people are brainwashed and they don't care about that. I warned about Bitfinex practices on this forum, about their unexisting financial license(insurance), about price manipulation and so so.

Result : almost nobody cares and many people lost MILLIONS. Yes, millions of USD not thousands of usd or hundred thousands of USD. I know individuals who lost "cash" worth of millions; years of tradings, no sleep, no life...just trading and now, they lost everything.


The next will be BTC-e; same prototype.  shady exchanger, no license, no insurance...nothing.

[Vinnie Stanley]

Is the $60mm from Bitfinex being used to pump ETC?

That is not very smart of you mr legendary member is it. Lets do some basic numbers, before the hack there was 9k buy support and now after the hack there is around 7k buy support. That is less lol The volume is the same and the price is lower, not something that 120k bitcoin pumps is it.