BestWebCreator
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August 03, 2016, 07:25:06 PM |
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Not enjoying reading some posters criticising & blaming Bitfinex users for losing their coins. Bitfinex are the ones to blame here.
How are people supposed to sell coins if they don't, at some point, have their coins on an exchange.
It's a shitty thing to happen & unfortunately people have got burnt. I wouldn't be surprised if it was an inside job tbh.
It is prety dumb to hold your coins on an exchange after u exchanged the currency u wanted to swap. They don't target the people that just deposited and then it went offline. They are the super unlucky ones. Decentrialized exchange is the best option.
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Harph
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August 03, 2016, 07:38:20 PM |
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Sad, looks like cryptocurrency needs to stay out of exchanges until insured and well regulated. or take you chances and piece meal your exchange transactions in small enough pieces that one is willing to loose. This leaves margin trading not currently viable. Bitcoin has a ways to go until we have credible providers of service or providers that will insure bitcoin transactions from fraud like credit cards.
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DGulari
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August 03, 2016, 07:53:08 PM |
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These exchanges are fucking things up for Bitcoin with this piss ass security breaches and hacks. I wonder how many of these hacks are genuine .... many of these looks like inside jobs or stupidity of
the people hosting these services. It blows my mind that a exchange with a daily 10k+ bitcoin volume, can be this unprofessional and prone to attacks. I would only start using these services, if we can
American exchanges (those with regulations) haven't been hacked. Kraken and Coinbase don't get hacked because they are not run by silly little boys in countries with no rules.
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European Central Bank
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August 03, 2016, 08:03:17 PM |
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In the future, refuse exchanges that doesn't PROVE it has 95%+ customer funds in cold storage.
Well that sure is going to be tricky. As a service provider, you'd have to prove that the keys to the funds are not stored on any online system, however you can't prove that something is not happening. http://blog.coinfloor.co.uk/coinfloor do this every month. it's a tiny exchange compared to some others but news like this hopefully encourages people to take less chances, but I don't think it will. what's really needed is a fully regulated and audited place with margin trading. margin is what keeps people coming back and using risky places.
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john_doe
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August 03, 2016, 08:07:26 PM |
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Anyone got finexxed here?
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If you believe my post is helpful and you feel like donating a small amount, please use this address: 165i2m6WNT3v4KPWbFesKhceaXf2shcUDR
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Lionidas
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August 03, 2016, 08:10:48 PM |
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Anyone got finexxed here?
I am pretty sure there are quite a few here that have had ties with this exchange. Will they admit it? Probably not out of being too embarrassed to admit that they held any coins in an exchange once their trading session has ended.
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unholycactus
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August 03, 2016, 08:12:27 PM |
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people who too lazy to move their funds to their own wallet should be considered as lazy ass
How else are you going to exchange btc, if not on an exchange? I don't think he understands how orders work or how people can trade. People don't always trade at the market price, and funds must be available for limit orders.
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philipma1957
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August 03, 2016, 08:19:52 PM |
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Actually i have learned lesson before also to diversify my bitcoin storage so i haven't kept all in one exchanger or wallet and at the situation when bitfinex got hacked i haven't any bitcoin there so no any direct loss of bitcoin for me however with the price total value of my bitcoin got down. Currently i have only 20% of my bitcoin in total in all exchangers. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) yeah while I am out some coins it is only about 15% of my total amount of coins. Frankly this looks to be an inside job in my opinion. If me a guy with 6 to 7 thousand of usd in coins knows to have 6 wallets that I control and 4 or 5 hot wallets why don't they do the same.?
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Room101
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August 03, 2016, 08:21:26 PM |
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I didn't have any coins there, but blaming people who did is not just short sighted, it's also stupid and against your own interests.
If places like this didn't exist, BTC would have very little value, a currency that cant be traded is not a currency, or a store of value. Things like this are bad for BTC, and telling people not to have coins on exchanges is the same as saying the whole BTC ecosystem is not to be trusted.
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Bitcoin is the greatest form of protest there is. Vote in the only way that really counts: with your money.
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Marvell1
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August 03, 2016, 08:33:07 PM |
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Anyone got finexxed here?
Nope not here i didn't get Goxxed either thank god, most of my heavy losses were in mining scams though lol
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takingthis4
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August 03, 2016, 08:33:28 PM |
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Not enjoying reading some posters criticising & blaming Bitfinex users for losing their coins. Bitfinex are the ones to blame here.
How are people supposed to sell coins if they don't, at some point, have their coins on an exchange.
It's a shitty thing to happen & unfortunately people have got burnt. I wouldn't be surprised if it was an inside job tbh.
of course only the exchange should be blamed, people didnt know that their funds will be just stolen, i hope all the money will be refunded to people as soon as possible
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Mark1003
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August 03, 2016, 08:39:04 PM |
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Not enjoying reading some posters criticising & blaming Bitfinex users for losing their coins. Bitfinex are the ones to blame here.
How are people supposed to sell coins if they don't, at some point, have their coins on an exchange.
It's a shitty thing to happen & unfortunately people have got burnt. I wouldn't be surprised if it was an inside job tbh.
of course only the exchange should be blamed, people didnt know that their funds will be just stolen, i hope all the money will be refunded to people as soon as possible Thank God I was not using that site in trading. Yeah, they should return the funds of the people. The hacking of the site is not a valid reason for the people to loose their money without a refund. It is their responsibility to take care of those since traders pays fees to make their transactions safer. Yeah, Inside job may be one of the reason. I hope your funds will be returned guys. Good Luck ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Yakamoto
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August 03, 2016, 09:03:58 PM |
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In the future, refuse exchanges that doesn't PROVE it has 95%+ customer funds in cold storage.
Well that sure is going to be tricky. As a service provider, you'd have to prove that the keys to the funds are not stored on any online system, however you can't prove that something is not happening. It's called 3rd party audit. That is only a proof if you trust the auditor. Granted, it's a step forward but still. There comes a point where you're far too paranoid about everything being paid off by people, or there being deals behind closed doors. You have to be able to trust a third-party audit at some point, otherwise you might as well believe that everyone is covering up everything else up and nothing they tell you is true. While I do agree that not everything is what it seems and there isn't always enough evidence to be scared of everything.
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iv4n
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August 03, 2016, 09:11:56 PM |
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I like how OP started "Once Again..." I don't believe that people learned their lesson, I see how bad things are repeating, not just with exchangers, with cloud mining services also. And when I open my Facebook I see like million new posts about new services and sites for doubling bitcoins.
I think people will never learn, and this is not case just with bitcoins. All this schemes existed before, and scammers did all this before with dollars, euros ..and other currencies. Now they are doing that with bitcoins, even easier for them, they don't see anyone faces, they hide easier.
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BestWebCreator
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August 03, 2016, 09:15:42 PM |
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Not enjoying reading some posters criticising & blaming Bitfinex users for losing their coins. Bitfinex are the ones to blame here.
How are people supposed to sell coins if they don't, at some point, have their coins on an exchange.
It's a shitty thing to happen & unfortunately people have got burnt. I wouldn't be surprised if it was an inside job tbh.
of course only the exchange should be blamed, people didnt know that their funds will be just stolen, i hope all the money will be refunded to people as soon as possible And how are they planning to repay the people? Taking a loan without a license, an illegal exchange! How did people even trust this site? I have never heard of it until it went a massive topic about the hack.
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Rahar02
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August 03, 2016, 09:26:02 PM |
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Well, everybody had their decision. Bad luck if your fund was stolen, you may put your money/btc in some wallet and not too much in trading exchange. That hacker made the price of btc continues decline. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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mayax
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August 03, 2016, 09:36:22 PM |
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Not enjoying reading some posters criticising & blaming Bitfinex users for losing their coins. Bitfinex are the ones to blame here.
How are people supposed to sell coins if they don't, at some point, have their coins on an exchange.
It's a shitty thing to happen & unfortunately people have got burnt. I wouldn't be surprised if it was an inside job tbh.
of course only the exchange should be blamed, people didnt know that their funds will be just stolen, i hope all the money will be refunded to people as soon as possible And how are they planning to repay the people? Taking a loan without a license, an illegal exchange! How did people even trust this site? I have never heard of it until it went a massive topic about the hack. very good point. I said that since months ago. Bitfinex and most of other exchangers are ILLEGAL. They are not licensed, they are outlaw ! https://bitcointalk.org/index.php?topic=1573336.msg15793815#msg15793815it's so hard to accept that there are SO many brain washed persons who can use a such companies with LARGE amount(millions). now, they are starting to complain...but they ignored all the warnings long time before this shit. mark my words, BTC-e and Kraken are next. Both are unlicensed(uninsured). do you think people will avoid them? no. they will continue to use their service till the day(soon) their websites will announce "we are hacked" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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LordCoder
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August 03, 2016, 09:37:38 PM |
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The funny thing is that online exchanges always state that it is not an online wallet, but only a exchange to store a very low quantity of cash in there. And everyone should know, based on the Bitcoin exchange hacking history. Just to mention a recent one, Cryptsy.
I would never store a high quantity of Bitcoins online, not only because of hackers, but also because I won't be covered if that happens. If someone hacks my PayPal account, I can make a call to Paypal and recover the funds. With Bitcoin is a more secure way to buy/sell products, but also dangerous to protect on a hot-wallet.
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Decoded
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give me your cryptos
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August 03, 2016, 09:40:54 PM |
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Not enjoying reading some posters criticising & blaming Bitfinex users for losing their coins. Bitfinex are the ones to blame here.
How are people supposed to sell coins if they don't, at some point, have their coins on an exchange.
It's a shitty thing to happen & unfortunately people have got burnt. I wouldn't be surprised if it was an inside job tbh.
of course only the exchange should be blamed, people didnt know that their funds will be just stolen, i hope all the money will be refunded to people as soon as possible And how are they planning to repay the people? Taking a loan without a license, an illegal exchange! How did people even trust this site? I have never heard of it until it went a massive topic about the hack. very good point. I said that since months ago. Bitfinex and most of other exchangers are ILLEGAL. They are not licensed, they are outlaw ! https://bitcointalk.org/index.php?topic=1573336.msg15793815#msg15793815it's so hard to accept that there are SO many brain washed persons who can use a such companies with LARGE amount(millions). now, they are starting to complain...but they ignored all the warnings long time before this shit. mark my words, BTC-e and Kraken are next. Both are unlicensed(uninsured). do you think people will avoid them? no. they will continue to use their service till the day(soon) their websites will announce "we are hacked" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I have quite a bit stored in my magnr savings wallet (It's supposed to be a cold wallet, so it should be relatively safe), is this a problem? How can I find out if they're licensed/insured?
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looking for a signature campaign, dm me for that
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bjman
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August 03, 2016, 09:42:34 PM |
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Anyone know what percentage of the total bitcoins Bitfinex had were stolen? I know they stole 119,000 and this sounds like a HUGE amount to me...I'm guessing it may represent over 90% of all bitcoins Bitfinex had but maybe I'm wrong. Does any know the actual percentage?
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