Bitcoin Crash, BitFinex Hacked

[vella85]

So this is the reason for that sudden drop. Lucky for the hacker(s) they stole a big amount of btc. What the hell with the security? If the security is very weak. Who would want to own btc? They should work on that coz huge amount is at risk if this thing continues. Expect more dropping this week.

I would say expect more drop in the morning , when the Chinese wake up. They tend to affect the prices even more. Right now the wall to trinkle down to 450's is very thin.

I agree, I think the price of Bitcoin will get down to the $450 level and maybe even lower at $400. It's sad that this happened and I really feel for the people that lost there Bitcoins/money.

[statdude]

Anyone know if ETC at bitfinex safe?

[famiextrem]

wtf happened with bitcoin? i bought $100 today and now its showing $90+ something.really bad timing for invest in bitcoin

[alani123]

Anyone know if ETC at bitfinex safe?

Their community Manager (can't confirm the validity of this) went on Reddit and claimed that ETC wasn't affected.

https://www.reddit.com/r/Bitcoin/comments/4vtuxo/bitfinex_security_breach_trading_will_be_halted/d61qc7q

[philiveyjr]

Anyone know if ETC at bitfinex safe?

Not exactly sure, but if its an altcoin or related to Ethereum, then the representative did post the altcoins were not affected. But I can't be sure if they would still pay that out, since they will likely use whatever they have to cover their personal losses first.

[RawDog]

wtf happened with bitcoin? i bought $100 today and now its showing $90+ something.really bad timing for invest in bitcoin

This fucking moron lost $10 and he is crying.  lol.  Bitfinex just lost about $60 million dollars!

[btckold24]

In today's news that is all we got - https://bitcoinwisdom.com/markets/btce/btcusd
Any positive ever come out of bitcoin?

sucks that all the bad stories seem to drive the market and get the most publicity and when things are going good no one
says much

[LordCoder]

wtf happened with bitcoin? i bought $100 today and now its showing $90+ something.really bad timing for invest in bitcoin

This fucking moron lost $10 and he is crying.  lol.  Bitfinex just lost about $60 million dollars!

You should say people in general, not just Bitfinex. It wasn't their money.

[richardsNY]

wtf happened with bitcoin? i bought $100 today and now its showing $90+ something.really bad timing for invest in bitcoin

This fucking moron lost $10 and he is crying.  lol.  Bitfinex just lost about $60 million dollars!

That gave me a good laugh, thanks for that! That aside, there is nothing released on how many coins are stolen. You just upped from $15 million to $60 million...

[unamis76]

Wow, just checked my phone and news about Bitfinex all over... between 119756 and 157905 BTC lost... Unbelievable, this is just astonishing. And apparently they didn't have cold storage either! Wow...

EDIT: looks like its confirmed to be 119756 BTC gone.

[veleten]

sounds so much like MTGox

[shinratensei_]

wtf happened with bitcoin? i bought $100 today and now its showing $90+ something.really bad timing for invest in bitcoin

This fucking moron lost $10 and he is crying.  lol.  Bitfinex just lost about $60 million dollars!

It's not the bitfinex amount, it's the amount a lot of people is saving their money in bitfinex. okay, if he just losing $10 but if he is students and $10 it's an enough amount for him.

[Velkro]

This is very bad for a lot of people.
Very very bad.

and also very good for a lot of people (cheap coins for a while)
anyway one of the best exchanges will probably shut down, its not best day for bitcoin :| but we will endure as always

[Laviathon]

I thought they had the majority of bitcoin in cold storage.  I also think its funny Coinbase is down for "maintenance"  Im sure two of the larger exchanges being down is not helping the value.

[danherbias07]

Check out blocknet guys, they have a working decentralized exchange, you can trade between several altcoins and BTC at the monent.

Still in beta, but is working.

It will put an end to this shit.

Will look at this. Since it is getting scary for those wallet sites or exchange site. Bitfinex is one of the known exchanges yet this happens and they are letting it. They are keeping money and I think that dont sink in their minds that it should be protected all the time.

[zmhtech]

coinbase lets me in but it is really laggy. I guess the next few days will be great to buy cheap BTC for people who are in long term.

[herebittybittybitty]

coinbase lets me in but it is really laggy. I guess the next few days will be great to buy cheap BTC for people who are in long term.

Same here. It's understandable - I'm sure they're overwhelmed with logins this evening.

[goinmerry]

Damn it. So this is the culprit. Thank God I didnt make that one of my baskets. Is this for real? With a lot of people that are using this as a wallet then that is also a lot of bitcoin to rob. Creepy.

[herebittybittybitty]

Damn it. So this is the culprit. Thank God I didnt make that one of my baskets. Is this for real? With a lot of people that are using this as a wallet then that is also a lot of bitcoin to rob. Creepy.

Lord, when will people learn not to keep their money in someone else's wallet...

[zmhtech]

it is a shame that after all the crashes, some people have not yet committed to moving long term coins to paper wallets.