[Bitfinex Hacked] So , learned the lesson ?

[kadatka]

As can be traded on the stock exchange and it does not keep money there?
This is not just an exchange - this is trade. Many put the long order in anticipation of the desired prices.
Security solutions -  licensing and insurance exchanges or fully decentralized exchange.

_{(Sorry for my bad english)}

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[Achargeturry78]

it's not bitfinex fault if someone lose bitcoin because of bitfinex got hacked last week it always depends on you if you are going to pull out your bitcoins where you can withdraw it or you want to stay your coin there but if they going to relaunch they're are going down because of investors or for those who using the website they will not going to trust again

[TastyChillySauce00]

It's not the first exchange that is getting hacked and we have learned this lesson many times but the traders do not have any other way to trade outside exchanges so they may put all their money on exchange because when trading with a huge amount the risk is high but also the profit can be higher.

making withdrawal every daily target reached is quite helping rather than go sleeping while money still being kept in an exchanger
sometimes people just lazy and (super) stingy to pay few fees which is i guess not more than 5$,but still the risk of keeping money on exchanger can't be avoided for those traders

it's not bitfinex fault if someone lose bitcoin because of bitfinex got hacked last week

you're believing that the bitfinex's security is user's responsibilty or being sarcastic?
i guess users there is enough by paying fees and get what they should deserve (security and safety)

[kano]

So, I've never actually been to the Bitfinex web site (or used it)
I found another pool STILL has links to them on their web site, so I clicked and had a look.

Wow are they delusional still saying this on the web site:
https://www.bitfinex.com/security_policy

Security of user information and funds is our first priority.
Every detail is analyzed to avoid security holes. We pride ourselves on being the most secure Bitcoin exchange.

[mayax]

So, I've never actually been to the Bitfinex web site (or used it)
I found another pool STILL has links to them on their web site, so I clicked and had a look.

Wow are they delusional still saying this on the web site:
https://www.bitfinex.com/security_policy

Security of user information and funds is our first priority.
Every detail is analyzed to avoid security holes. We pride ourselves on being the most secure Bitcoin exchange.

a lot of "bla bla" without any cover, these are their texts.   

same as their TOS . a lot of non senses, copy+paste from others

[miayama]

it's not bitfinex fault if someone lose bitcoin because of bitfinex got hacked last week it always depends on you if you are going to pull out your bitcoins where you can withdraw it or you want to stay your coin there but if they going to relaunch they're are going down because of investors or for those who using the website they will not going to trust again

It is Bitfinex's responsibility to keep your funds safe. The hack is Bitfinex fault they did not keep the keys properly.

[angryswamp]

i learnt that i should never trust any exchanges and not keep my money theres

[OmegaStarScream]

So, I've never actually been to the Bitfinex web site (or used it)
I found another pool STILL has links to them on their web site, so I clicked and had a look.

Wow are they delusional still saying this on the web site:
https://www.bitfinex.com/security_policy

Security of user information and funds is our first priority.
Every detail is analyzed to avoid security holes. We pride ourselves on being the most secure Bitcoin exchange.

Security is their priority ? any Security expert should know that almost everything online is hackable. The fact that they didn't use Cold storage to store most of the funds means that they don't really give a damn.

[Herp]

It looks like they will release a new coin to compensate users.

[Amph]

i think trading should occur in the form of a forum, via the client(bitcoin core) itself, so no more exchange and directly with bitcoin, without third party software

it's stupid that a decentralized thing like bitcoin, still rotate around centralized things....

[Oppolee]

all traders will still leave their coins on exchanges

Perhaps you're right, that will only be to give priority to the exchanges, which do not mess your reputation.

[Sierra8561]

I think the solution could be to have all incoming and outgoing transfers require 200 confirmations. That would give everyone time to stop the hack, once unusual activity is detected.

I don't think so, maybe you're wrong about that. you can try to send your amount to any address but after you sending your amount and not getting a confirmed maybe your amount is already disappearing and stay in the half of the road. and waiting for the confirmation and finishing into receiver address but the transaction system like an escrow.

Then have bitfinex put a 48 hour hold before processing any incoming or outgoing transaction.

[Herp]

So, I've never actually been to the Bitfinex web site (or used it)
I found another pool STILL has links to them on their web site, so I clicked and had a look.

Wow are they delusional still saying this on the web site:
https://www.bitfinex.com/security_policy

Security of user information and funds is our first priority.
Every detail is analyzed to avoid security holes. We pride ourselves on being the most secure Bitcoin exchange.

Security is their priority ? any Security expert should know that almost everything online is hackable. The fact that they didn't use Cold storage to store most of the funds means that they don't really give a damn.

That was certainly quite weird. Their wallet system was a hot mess.

[OmegaStarScream]

Here is another update about them (their servers/website are still down though ) :

[dserrano5]

(their servers/website are still down though ) :

May be down for you but yesterday there was trading from 16:00 UTC.

[OmegaStarScream]

(their servers/website are still down though ) :

May be down for you but yesterday there was trading from 16:00 UTC.

Since the hack, I was never able to visit their website personally but this sound pretty dumb If you ask me. I mean they should work on a final issue instead of bringing the website UP and taking it down each time.

[miayama]

(their servers/website are still down though ) :

May be down for you but yesterday there was trading from 16:00 UTC.

Since the hack, I was never able to visit their website personally but this sound pretty dumb If you ask me. I mean they should work on a final issue instead of bringing the website UP and taking it down each time.

The https://www.bitfinex.com/ is quite slow at the moment. Maybe it is under some kind of attack now.

[CryptoBuddha]

Just want to ask anyone who traded there - have they given back your coins after this mega-upgrade or just enabled new deposits?

[OmegaStarScream]

Just want to ask anyone who traded there - have they given back your coins after this mega-upgrade or just enabled new deposits?

the website doesn't seem to be working so I assume they didn't do anything yet otherwise people would've reported it already. ( check https://bitfinex.statuspage.io/ from time to time If you want some updates https://bitfinex.statuspage.io/ )

[kano]

So, I've never actually been to the Bitfinex web site (or used it)
I found another pool STILL has links to them on their web site, so I clicked and had a look.

Wow are they delusional still saying this on the web site:
https://www.bitfinex.com/security_policy

Security of user information and funds is our first priority.
Every detail is analyzed to avoid security holes. We pride ourselves on being the most secure Bitcoin exchange.

Security is their priority ? any Security expert should know that almost everything online is hackable. The fact that they didn't use Cold storage to store most of the funds means that they don't really give a damn.

That was certainly quite weird. Their wallet system was a hot mess.

So I guess that Bitfinex themselves is actually all a scam, since th web site (still) says this:

Why is this method superior to the traditional pooled funds method of cold storage?

The use of this model, where each customer has a separate set of keys and wallets, allows for a much greater level of granularity at which multi-institutional security can be provided. Whilst in the past BitGo would have to treat a pooled wallet as a single unit, per-customer policies can now be enforced. Further, since we now enforce multi-institutional second factor authentication (Bitfinex will be the first factor and BitGo the second factor), attackers are required to compromise both institutions before getting funds.

i.e. both BitGo and Bitfinex had to BOTH be compromised according to their (current) web site.

If that above quote is false, then it's still a scam them making that statement.