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illyiller
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August 19, 2016, 06:51:45 AM |
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I never seen this till now , I'm not sure If this existed before or after the hack but .. How ironic is this  So secure that two weeks later, they don't even know how they got hacked! But who cares? Reopen anyway!  I bet everyone is racing to send their funds to these guys. Bad enough to reduce their entire bitcoin holdings to a hot wallet (hot key + remote API key) -- worse yet to reopen the site for deposits when they can't even ascertain the attack vector. |
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Herbert2020
Legendary
 Offline
Activity: 1946
Merit: 1137
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August 19, 2016, 06:57:37 AM |
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I never seen this till now , I'm not sure If this existed before or after the hack but .. How ironic is this So secure that two weeks later, they don't even know how they got hacked! But who cares? Reopen anyway! I bet everyone is racing to send their funds to these guys. Bad enough to reduce their entire bitcoin holdings to a hot wallet (hot key + remote API key) -- worse yet to reopen the site for deposits when they can't even ascertain the attack vector. does people really deposit there anymore? you have to be so ignorant of the facts to deposit on bitfinex now that they have been hacked and it was proven that they are incapable of security. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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asriloni
Legendary
Offline
Activity: 3052
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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August 19, 2016, 06:58:45 AM |
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I never seen this till now , I'm not sure If this existed before or after the hack but .. How ironic is this So secure that two weeks later, they don't even know how they got hacked! But who cares? Reopen anyway! I bet everyone is racing to send their funds to these guys. Bad enough to reduce their entire bitcoin holdings to a hot wallet (hot key + remote API key) -- worse yet to reopen the site for deposits when they can't even ascertain the attack vector. after they reopening their site I wonder why so many people still doing trading there instead of getting outta there and move to another better exchanger,even after their balance getting cut off about 36%?,it's only me or this world just turning into a silly world? they're probably enabling the deposit to replace the lose fund ? |
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trickshot22
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August 19, 2016, 02:58:49 PM |
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I never seen this till now , I'm not sure If this existed before or after the hack but .. How ironic is this  yeah, it is just their words, from now on i will never trust them because they are just liars that dont do what they should |
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bitsoldiers
Newbie
Offline
Activity: 42
Merit: 0
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August 19, 2016, 03:07:12 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. yes you right, we should not keep more money on exchanger sites which is the risky one . Always exchange it in time and best is not keep complete money on exchange sites. Best is to convert it to fiat and use it for need. sure..there is no need keeping money for so long on exchanger sites, cause it risky they can be break to into it..and the reason you got this in an exchanger sites, for use...so early usage of it will be save and not a loss... |
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Doamader
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August 19, 2016, 03:15:59 PM |
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Well i just have small ammount invested into some exchanges, but after those hack im scary to let my coins at exchanges as online wallets, soo its a shock to wake up and be loosing part of your capital to anyone. The thing is the people who trade need and must trust the exchange, soo the risk as the potencial earnings are together.
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2legit2
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August 19, 2016, 11:10:21 PM |
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the traders will never learn their lesson no matter what, they will still keep on trading it and most probably they will keep on losing it too in the future if such stuff happens again
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illyiller
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August 19, 2016, 11:15:59 PM |
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the traders will never learn their lesson no matter what, they will still keep on trading it and most probably they will keep on losing it too in the future if such stuff happens again
Here's the thing: if you are a losing trader, then damn right -- get your money off exchanges because that is simply another risk to your money. However, good traders know how to manage risk. They know how to mitigate exchange risk with leverage, and they also factor exchange risk into their risk management plan. If you have removed more profit from your account than your balance is worth, then you are absolutely right to continue trading. |
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lol1yatme
Member
Offline
Activity: 200
Merit: 10
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August 31, 2016, 07:21:03 AM |
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I imagine some people will still use this site for keeping some bitcoins even after too it got hacked. I’m also sure there are many people that did learn their lesson and are looking for better alternatives to store their bitcoin. You live, you learn till end of life.
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PaulPogba8
Member
Offline
Activity: 91
Merit: 10
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August 31, 2016, 07:26:27 AM |
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the traders will never learn their lesson no matter what, they will still keep on trading it and most probably they will keep on losing it too in the future if such stuff happens again
But traders may be more careful with exchanges now, you know mtgox's bankrupt lesson was enough, but it seems there are many do not learn from mtgox, RIP bitfinex for 120k btc hack. |
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OmegaStarScream (OP)
Staff
Legendary
Offline
Activity: 3514
Merit: 6158
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August 31, 2016, 08:22:50 AM |
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I imagine some people will still use this site for keeping some bitcoins even after too it got hacked. I’m also sure there are many people that did learn their lesson and are looking for better alternatives to store their bitcoin. You live, you learn till end of life.
People aren't trading their anymore , instead, they switched to Poloniex. If you check https://coinmarketcap.com/exchanges/bitfinex/ you will see the low trading volume in the Last 24 hours (~5 million dollar) while It was ~50 million dollar before the hack. So It's pretty safe to say that people learned the lesson , finally. Switching to Poloniex means more security as they keep most of their funds in cold storage. |
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TheButterZone
Legendary
Offline
Activity: 3010
Merit: 1031
RIP Mommy
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August 31, 2016, 08:54:53 AM |
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They didn't learn their lesson after the first BTC exchange was hacked.
They didn't learn their lesson after the second BTC exchange was hacked.
They didn't learn their lesson after the third BTC exchange was hacked.
They didn't learn their lesson after the fourth BTC exchange was hacked.
They didn't learn their lesson after the fifth BTC exchange was hacked.
They didn't learn their lesson after the sixth BTC exchange was hacked.
...
[whatever the number is now]
They'll NEVER learn.
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Saying that you don't trust someone because of their behavior is completely valid.
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Barnabe
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August 31, 2016, 10:03:00 AM |
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Everytime an exchange is hacked people will lose money and no matter how many of them lose something you will hear them. A website could take bets about the next hacked exchange  |
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btcdevil
Legendary
Offline
Activity: 1302
Merit: 1027
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August 31, 2016, 10:06:39 AM |
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What lesson you want to teach everyone , even their are users who had only altcoins, but even then it got hacked then who is the responsible. I had only my mined altcoins in that account and never use to keep bitcoins , even then i am in loss because the altcoin value is high, now if i dont keep altcoins in the exchange then how can i trade. So in some point it is usefull to tell everyone not to keep all coin in one exchange. my badluck is as soon as i transferred my altcoin and at point i was to sell the altcoin the exchange got hacked
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Recoon
Newbie
Offline
Activity: 56
Merit: 0
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August 31, 2016, 12:29:59 PM |
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Soon or later btc will reach 800 dolar value, it is just a matter of time. Btc investment is a long term investment type so you must wait until reach your goal and dont be sorry for hacking, stealing etc.
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pearnapple
Sr. Member
Offline
Activity: 504
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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August 31, 2016, 01:16:06 PM |
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I don't think anyone learned the lesson, especially since Bitfinex responded very swiftly with a quick refund to all of its members. But I agree with you. It is a good habit to withdraw funds from exchanges, especially if you are using an illegal fund. I use Yobit.net and haven't had any problems yet, but since the Bitfinex incident, I have withdrawn most of my funds.  you are right, people will still hold their money on the exchanges and we cannot do anything about it to be honest, i think traders will still trade |
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Betwrong
Legendary
Offline
Activity: 3318
Merit: 2176
I stand with Ukraine.
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September 04, 2016, 08:06:38 AM |
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Everytime an exchange is hacked people will lose money and no matter how many of them lose something you will hear them. A website could take bets about the next hacked exchange Sadly that's true for now, but I'm sure that in the future someone will find a way to prevent hacking or at least to prevent losing big amounts of money in case of hacking. For the time being we shouldn't keep significant funds on any site. |
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bitcointank
Member
Offline
Activity: 89
Merit: 10
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September 04, 2016, 08:10:58 AM |
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Everytime an exchange is hacked people will lose money and no matter how many of them lose something you will hear them. A website could take bets about the next hacked exchange Sadly that's true for now, but I'm sure that in the future someone will find a way to prevent hacking or at least to prevent losing big amounts of money in case of hacking. For the time being we shouldn't keep significant funds on any site. They should use cold storage for 100% safe, but they were silly to trust 3-multisig wallet, they trust 3rd party, that's not the correct way to store bitcoin. |
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Xester
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September 04, 2016, 08:15:05 AM |
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Everytime an exchange is hacked people will lose money and no matter how many of them lose something you will hear them. A website could take bets about the next hacked exchange Sadly that's true for now, but I'm sure that in the future someone will find a way to prevent hacking or at least to prevent losing big amounts of money in case of hacking. For the time being we shouldn't keep significant funds on any site. They should use cold storage for 100% safe, but they were silly to trust 3-multisig wallet, they trust 3rd party, that's not the correct way to store bitcoin. Yes you have a good point, we should also include to not store bitcoins in one site. The best way is to store your bitcoins in multiple wallets in different sites and in multiple cold storage. The hacking in bitfinex was really a big lesson to all bitcoin users. That is why I don't save big amount of bitcoins in bitcoin wallet. I would rather sell them for cash and deposit it in banks. Then later if I need bitCoin I just buy the necessary amount of bitcoin. |
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myferrari
Member
Offline
Activity: 80
Merit: 10
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September 04, 2016, 08:38:31 AM |
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Everytime an exchange is hacked people will lose money and no matter how many of them lose something you will hear them. A website could take bets about the next hacked exchange Sadly that's true for now, but I'm sure that in the future someone will find a way to prevent hacking or at least to prevent losing big amounts of money in case of hacking. For the time being we shouldn't keep significant funds on any site. They should use cold storage for 100% safe, but they were silly to trust 3-multisig wallet, they trust 3rd party, that's not the correct way to store bitcoin. Yes you have a good point, we should also include to not store bitcoins in one site. The best way is to store your bitcoins in multiple wallets in different sites and in multiple cold storage. The hacking in bitfinex was really a big lesson to all bitcoin users. That is why I don't save big amount of bitcoins in bitcoin wallet. I would rather sell them for cash and deposit it in banks. Then later if I need bitCoin I just buy the necessary amount of bitcoin. Good brainstorming in this thread, don't put all eggs in one basket, put them in multiple baskets(sites, or online wallets). It will reduce the risk of hacking. |
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