[Bitfinex Hacked] So , learned the lesson ?

[BestWebCreator]

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.

[Harph]

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.

[DGulari]

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.

[European Central Bank]

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.

[john_doe]

Anyone got finexxed here?

[Lionidas]

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.

[unholycactus]

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.

[philipma1957]

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. 

  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.?

[Room101]

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.

[Marvell1]

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

[takingthis4]

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

[Mark1003]

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

[Yakamoto]

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.

[iv4n]

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.

[BestWebCreator]

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.

[Rahar02]

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.

[mayax]

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#msg15793815

it'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"

[LordCoder]

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.

[Decoded]

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#msg15793815

it'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"

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?

[bjman]

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?