[Bitfinex Hacked] So , learned the lesson ?

[ixus]

My point is that multi-sig is probably a good thing. But user should  keep at least one  key for himself revealing it only during exchange deal. So trading order execution remain on users side. And the lesson I personally try to learn: you can't do successful trading in your spare time. It takes all the attention, you have to do researches and dig deeper.   And never  put all your eggs in one basket.  

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[doublemore]

Still no decent updates, although we do know from the last one they do indeed plan to relaunch.  I hope this happens very soon and we move on and learn from this somehow.  I guess keeping coins on exchanges will be at an all time low.

[Mike8]

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.

This thread should be bump-ed every 5 minutes and it may still not be enough.

[Xester]

Still no decent updates, although we do know from the last one they do indeed plan to relaunch.  I hope this happens very soon and we move on and learn from this somehow.  I guess keeping coins on exchanges will be at an all time low.

According to the recent new the latest hacking incident on Bitfinex has played a very crucial part on the price deflation of bitcoin. Hope that the issue may be solved and some measure be taken so that this incident will no longer happen and also bitcoins value will not go down anymore. This is a lesson learned that even a site with high security protocol for bitcoins are also a prey for hackers.

[ethereumhunter]

if you do not get hacked, i think its better to withdraw your btc into another wallet, just in case. and maybe you can think that this is the time to leave bitfinex and go find another market exchanger. no one wants to get hacked, its been sadly, because i have experience too even if its just in small amount.

[OmegaStarScream]

Should we expect them to refund all the users after this message  ?

[Holdaaja]

I have never used exchange site to store any big amount of bitcoin.
And few months ago I stopped using blockchain.info too and changed to desktop wallet.
And I have always kept most of my bitcoins in paper wallet.

[trinaldao]

I have never used exchange site to store any big amount of bitcoin.
And few months ago I stopped using blockchain.info too and changed to desktop wallet.
And I have always kept most of my bitcoins in paper wallet.

trader always save more money in the exchanger, including me, because it's very important.
but after some problems about hackers, maybe I would reduce funds for trading.

[Lionidas]

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

Yeah those Cloud mining schemes are notorious to run off with your coins. That's for certain!:-[

[Dobmaster]

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

Yeah those Cloud mining schemes are notorious to run off with your coins. That's for certain!:-[

The Cloud mining schemes do not have to run off with your money. You will not ROI as designed by sites.

[danherbias07]

I have never used exchange site to store any big amount of bitcoin.
And few months ago I stopped using blockchain.info too and changed to desktop wallet.
And I have always kept most of my bitcoins in paper wallet.

I dont really get that paper wallet thing. When you acquire it how can I use it? What if our country doesnt accept that kind of thing. Then it will be just a paper with bitcoin in it?

[1Referee]

I have never used exchange site to store any big amount of bitcoin.
And few months ago I stopped using blockchain.info too and changed to desktop wallet.
And I have always kept most of my bitcoins in paper wallet.

I dont really get that paper wallet thing. When you acquire it how can I use it? What if our country doesnt accept that kind of thing. Then it will be just a paper with bitcoin in it?

Paper wallet is nothing more than a piece of paper containing the private key to a certain wallet address. This is basically the ultimate form of offline storage when it comes to Bitcoin. You can create a paper wallet here : bitaddress.org that you can print out.

[JeffBrad12]

I have never used exchange site to store any big amount of bitcoin.
And few months ago I stopped using blockchain.info too and changed to desktop wallet.
And I have always kept most of my bitcoins in paper wallet.

trader always save more money in the exchanger, including me, because it's very important.
but after some problems about hackers, maybe I would reduce funds for trading.

But after this cases maybe the traders will get more knowledge about they must moving their amount after they using for trading on that site, maybe it's will eat more amount for fees but it's better than saving on the exchange site.

[Doms]

When I was still new with bitcoin, I didn't really care much about security. After a while doing lots of reading and research, I realized that I had to start using different wallets and not be so confident with my local exchange. Since then, I would only place a small amount in my exchange to pay for small stuff like bills and load credits.

[severaldetails]

Of course, keeping the coins at the exchanges is a very risky thing.
But a trader has to have the ability to react fast on the market. Especially here with crypto coins.
If he gets his deposits after half an hour or even later, the chance of trading successfully is often gone.
It's kind of a dilemma I think.

[pereira4]

You can't keep telling people to not store BTC in exchanges. If you are a trader you NEED BTC disposable in the exchange to act fast, otherwise how are you supposed to trade?

We need decentralized exchanges so the guy running the exchange doesn't own all the BTC from everyone. Bitsquare type of exchange is not a solution, that is a marketplace and not an exchange.

[Herp]

It seems the exchange will reopen but customers stand to lose some of their BTC.

[Harph]

Is it really worth the risk to profit to trade on an exchange that may steal your cryptocurrency?
Most of us can keep our cryptocurrency safe and an exchange with Bitgo cannot?
Surprise, Surprise more people lost cryptocurrency with provider fraud.
So yea, keep your cryptocurrency on an exchange.
Help clean up cryptocurrency, please do not feed the fraudsters.

[Hazir]

It seems the exchange will reopen but customers stand to lose some of their BTC.

It would be better for Bitfinex to perish in flames and pay off every user who lost BTC because of their incompetency.
Than reopen and continue their pitiful service with reputation tarnished like that is risky. Would people actually gonna return and use their services?

But again, I guess it is still better than Mt. Gox style bankruptcy...

[randy8777]

It seems the exchange will reopen but customers stand to lose some of their BTC.

It would be better for Bitfinex to perish in flames and pay off every user who lost BTC because of their incompetency.
Than reopen and continue their pitiful service with reputation tarnished like that is risky. Would people actually gonna return and use their services?

But again, I guess it is still better than Mt. Gox style bankruptcy...

even if bitfinex returns as a "better" exchange, people will do everything to avoid it. no one serious will keep using an exchange runned by incompetent rookies. traders will move to bitstamp or kraken.