Prior to the recent breach, Bitfinex was claiming that they were using secure cold storage and multisig.
They claimed that they had used cold storage? Source?
I didn't lose anything any of the attacks against exchanges, Finex or otherwise, but I just wanted to tell you that you're not the sharpest tool in the shed.
Much sharper than the majority of the rusty tools in the Bitcoin ecosystem. I've yet to suffer a singular loss of any scam, hack and whatnot. Even though a decent amount of people keep advising against keeping coin on exchanges, web wallets and whatnot, people still keep at it.
Traders have no choice but to put their trust in an exchange
I couldn't care less about day-traders, and they aren't the people that I was referring to.
Saying that Finex is not at fault here is hilarious, and frankly you should be embarrassed.
I may have incorrectly written my statement. However, as long as you keep blaming the services for hacks (nothing is unhackable), you will keep suffering losses.
I don't get this one either , how could use Multi sig + cold storage and still get hacked for millions of dollars ? I will take my chances and say that this is an inside job.
There was no cold storage layer. Multi-signature can be hacked by compromising the keys which were all apparently stored at the same layer.