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2legit2
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August 03, 2016, 09:50:12 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?
i doubt that 90 per cent of the coins were stolen though i dont know the exact number, i hope tat you were wrong because if not then the users are screwed |
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mayax
Legendary
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Activity: 1456
Merit: 1004
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August 03, 2016, 09:53:33 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?
i doubt that 90 per cent of the coins were stolen though i dont know the exact number, i hope tat you were wrong because if not then the users are screwed aprox 1% |
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Das
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August 03, 2016, 10:45:56 PM |
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Bitfinex lost 120, 000 bitcoins. Even if it is only 1% of their net worth, they will feel the lose in profit - everybody involved will feel it.
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Sierra8561
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August 03, 2016, 10:54:23 PM |
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Isn't coinbase insured, for a situation like this? If so I'd never use a exchange that isn't insured.
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BitcoinPanther
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August 03, 2016, 10:58:39 PM |
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Once again , Bitfinex has been hacked and I just want to ask you people , have you learned the lesson yet ? I assume not otherwise you wouldn't keep your funds in an exchange (I'm not speaking with those who kept their bitcoin for short period of time , those accidents happens but I'm mostly speaking for those who had their bitcoins laying there for weeks/months) I'm not trying to be rude or anything but for the last time , please ... please ! Just withdraw your funds from exchanges . I'm not sure what you got to lose here , this procedure will only secure your coins and make you safer. I agree that people should not make exchanges / trading platform as their personal wallet. Lots of things like this happen. We can't blame those who are trading or have sell wall on the exchange. Sadly we cannot tell which exchange/trading platform will be next. |
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Arcteryx
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August 03, 2016, 11:02:51 PM |
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No lesson learn from this for people will continue to use exchanges and store most if not all there coins in their exchange wallets. So this will happen again and again and again. That is the way human nature is. It is just a never ending cycle of insanity as this is what the definition of it is. Repeating the same mistake over and over again expecting a different result.  |
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fravia
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August 03, 2016, 11:04:44 PM |
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Bitfinex lost 120, 000 bitcoins. Even if it is only 1% of their net worth, they will feel the lose in profit - everybody involved will feel it.
yeah, the loss was pretty big unfortunately though i hope that people will get refunded their bitcoins sooner or later, i hope that people learned the lesson |
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The Sceptical Chymist
Legendary
Offline
Activity: 3346
Merit: 6863
Top Crypto Casino
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August 03, 2016, 11:05:08 PM |
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Agree with Lauda. People haven't learned their lesson entirely, that's obvious, and it's going to take some time for crypto newbies to realize what's happened with these exchanges, and how they cannot be trusted.
As for me, I've definitely learned from all of this--Gox, then Cryptsy (which I used faithfully), and now bitfinex which I never used. I use Circle and I never keep bitcoin in their wallet. I trust their business but not enough to keep funds with them. Always control your private keys.
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BitFinnese
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August 03, 2016, 11:10:30 PM |
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No lesson learn from this for people will continue to use exchanges and store most if not all there coins in their exchange wallets. So this will happen again and again and again. That is the way human nature is. It is just a never ending cycle of insanity as this is what the definition of it is. Repeating the same mistake over and over again expecting a different result. No matter how people adjust, exchanges are the most convenience means of trading or converting their coins. If you are selling your coins, would you withdraw it the moment you log out? I bet no because you'll be waiting for it to be converted or bought and before withdrawing them. |
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Arcteryx
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August 03, 2016, 11:50:33 PM |
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No lesson learn from this for people will continue to use exchanges and store most if not all there coins in their exchange wallets. So this will happen again and again and again. That is the way human nature is. It is just a never ending cycle of insanity as this is what the definition of it is. Repeating the same mistake over and over again expecting a different result. No matter how people adjust, exchanges are the most convenience means of trading or converting their coins. If you are selling your coins, would you withdraw it the moment you log out? I bet no because you'll be waiting for it to be converted or bought and before withdrawing them. Kind of makes sense but why risk it is all I am asking.  There has to be a better platform to do this on where not all your coins that you have invested are at stake if the system is comprised in anyway. |
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European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
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August 03, 2016, 11:58:23 PM |
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No matter how people adjust, exchanges are the most convenience means of trading or converting their coins. If you are selling your coins, would you withdraw it the moment you log out?
i'm not a big trader but that's exactly what I do every time I've obtained coins from an exchange. it's a few seconds extra and it's kind of the whole point of the exchange in the first place. they're not there to store anything. I was actually gonna have a go with etc on bitfinex a couple of nights ago but never got around to it. a bullet was dodged. you dodge the same bullet every time you instantly remove your coins from wherever you got them from. |
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shinratensei_
Legendary
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Activity: 3108
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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August 04, 2016, 01:26:50 AM |
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Isn't coinbase insured, for a situation like this? If so I'd never use a exchange that isn't insured.
I don't think so because i never finding an exchange is enclose the insured in their service for their users. i don't know how the exchange site will making assurance for their member because it's like impossible to do that caused by the users is not putting a real personal information. |
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jackg
Copper Member
Legendary
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Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
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August 04, 2016, 01:30:35 AM |
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Which excanges are we talking about? All of them or selective ones?
For exapmle, I've had several bitcoin in coinbase for a while now and haven't yet lost anything from it (though feel I may eventually).
It's more unsafe to withdrawfunds though isn't it? As sites like coinbase are insured by ones like electrum ony need a person to guess the random phrase and then they're in your account.
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Herp
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August 04, 2016, 01:35:49 AM |
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Some exchanges recovered after a hack. Bitfinex was the top no 1 Bitcoin exchange. Someone must be interested in giving them a hand.
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-Oxygen
Newbie
Offline
Activity: 17
Merit: 0
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August 04, 2016, 02:07:11 AM |
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The problem is the trust in terms of safety. It is sure that they can recover from that loss we all know, but will they again have a decent support from the bitcoin community? I doubt about it.
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Herp
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August 04, 2016, 02:16:51 AM |
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The problem is the trust in terms of safety. It is sure that they can recover from that loss we all know, but will they again have a decent support from the bitcoin community? I doubt about it.
It's not like it was a hated exchange like MtGox. People didn't have time to start hating it yet for slaw withdrawals and a bunch of shenanigans. It was way more trust than MtGox had. |
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TGD
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August 04, 2016, 02:26:51 AM |
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Once again , Bitfinex has been hacked and I just want to ask you people , have you learned the lesson yet ? I assume not otherwise you wouldn't keep your funds in an exchange (I'm not speaking with those who kept their bitcoin for short period of time , those accidents happens but I'm mostly speaking for those who had their bitcoins laying there for weeks/months) I'm not trying to be rude or anything but for the last time , please ... please ! Just withdraw your funds from exchanges . I'm not sure what you got to lose here , this procedure will only secure your coins and make you safer. It's not bad to put some in your money in exchanges just want to earn some profit .just dont put all your money in any exchanges that's the lesson we learn from what happened in bitfinex but still Ill do put some of my money even iknow exchanger also have a risk. |
Don't mind me | Just checking out here for Duelbits Promotion | Bitcoin 1M | Duelbits no 1 |
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Herp
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August 04, 2016, 02:30:23 AM |
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Once again , Bitfinex has been hacked and I just want to ask you people , have you learned the lesson yet ? I assume not otherwise you wouldn't keep your funds in an exchange (I'm not speaking with those who kept their bitcoin for short period of time , those accidents happens but I'm mostly speaking for those who had their bitcoins laying there for weeks/months) I'm not trying to be rude or anything but for the last time , please ... please ! Just withdraw your funds from exchanges . I'm not sure what you got to lose here , this procedure will only secure your coins and make you safer. It's not bad to put some in your money in exchanges just want to earn some profit .just dont put all your money in any exchanges that's the lesson we learn from what happened in bitfinex but still Ill do put some of my money even iknow exchanger also have a risk. It's a bad idea to hold more than you'd willing to lose without hurting much. |
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pooya87
Legendary
Offline
Activity: 3458
Merit: 10566
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August 04, 2016, 04:07:21 AM |
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Once again , Bitfinex has been hacked and I just want to ask you people , have you learned the lesson yet ? I assume not otherwise you wouldn't keep your funds in an exchange (I'm not speaking with those who kept their bitcoin for short period of time , those accidents happens but I'm mostly speaking for those who had their bitcoins laying there for weeks/months) I'm not trying to be rude or anything but for the last time , please ... please ! Just withdraw your funds from exchanges . I'm not sure what you got to lose here , this procedure will only secure your coins and make you safer. It's not bad to put some in your money in exchanges just want to earn some profit .just dont put all your money in any exchanges that's the lesson we learn from what happened in bitfinex but still Ill do put some of my money even iknow exchanger also have a risk. It's a bad idea to hold more than you'd willing to lose without hurting much. you have to take positions sometimes so you have to put some of your money / bitcoin on exchanges and leave it there in form of an open order otherwise you can't trade at all. |
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bjman
Newbie
Offline
Activity: 35
Merit: 0
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August 04, 2016, 06:57:47 AM |
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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?
i doubt that 90 per cent of the coins were stolen though i dont know the exact number, i hope tat you were wrong because if not then the users are screwed aprox 1% I think the 1% figure corresponds to 1% of total bitcoins in circulation--not 1% of Bitfinex's holdings. |
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