Looking for other victims of BFX so we can file a class action lawsuit.

[billyjoeallen]

My account was 99.9% in USD at the time of the hack, but I got a 36% haircut anyway. I am trying to compile a list of other victims so I can go lawyer shopping.  There are several basis for claims:

1. Failure to safeguard funds.  There is absolutely no excuse in 2016 for that much bitcoin to be stored in a hotwallet. Either that or the BTC was siphoned off a little at a time and they didn't tell us.

2.Failure of fiduciary duty. If someone's storage unit gets broken into, the manager of the storage facility can't break into the other units and auction off what they find to help compensate the victim. My account was in cash, but I got punished the same as the gamblers.

3. False, misleading and deceptive statements regarding security and insured deposits: Based on the BFX website security pages, we were led to believe that the vast majority of BTC was in offline cold storage. This couldn't possibly be true if the funds were really stolen from a hack and not the exchange operators themselves.

There are other claims to be made, but that's a good start. If there is already a list of victims, then I want to be on it. Otherwise, I will compile it myself. Please PM me if you were screwed by BFX.

Oh, it gets worse. When I was finally able to log in, it was strongly suggested that I change my password as it was possible that it was compromised during the hack. I promptly did so. Then I tried to immediately withdraw my funds but was told that there was a withdrawal freeze on my account because the password had been changed recently. At this point, I will consider myself fortunate to even get the 64% left in my account.




 

[bitkilo]

Sorry to hear about your loss mate, the way bitfinex has gone about this is not morally right in my opinion. Even if i had btc stolen in the hack i would still not feel right about others having to cover my loss instead of the company that lost it in the first place due to their lax storage methods.

Im no lawyer but if 99.9% of your holding were in cash and not involved or loss during the hack then you should not receive a 36% haircut to compensate others.
What legal right if any does the company have to do this?

[billyjoeallen]

Sorry to hear about your loss mate, the way bitfinex has gone about this is not morally right in my opinion. Even if i had btc stolen in the hack i would still not feel right about others having to cover my loss instead of the company that lost it in the first place due to their lax storage methods.

Im no lawyer but if 99.9% of your holding were in cash and not involved or loss during the hack then you should not receive a 36% haircut to compensate others.
What legal right if any does the company have to do this?

I asked them that myself. Tech support has yet to respond. It was horrible. I was desperately trying to get my funds out as my father has had a life-threatening medical emergency. I was buying a little BTC at a time, transferring it stateside and selling it to minimize exchange rate volatility risk. I didn't even get half of it out before the shutdown.  Now it's frozen and money I really need (neither one of my parents can work while Dad is undergoing treatment) is unavailable, possibly forever.

What also worries me is the price action prior to the shutdown. It sure looks like somebody knew what was coming and was trading on inside information.

I have an awful feeling of Déjà vu. There are so many similarities with EmptyGox. These guys don't seem to have any idea how fucked they are or how permanent the damage is. No investors will save them. Their brand now has negative equity. The cops won't recover the stolen funds. Bitcoin was specifically designed to be untouchable by governments. The one response I got from Tech support promised me everything will be okay if we are just patient. It could have been written by Karpeles himself. The denial is so obvious, It's like MagicalTux took his dessert coffee and moved to Hong Kong. I got my BTC out of Gox just before the door slammed shut, but my dad, the guy I talked into investing, was not so lucky.  My dad is suffering because he trusted me, and I let him down. I let him down because I trusted Gox and BFX.

I need to compile a list of victims so I can start the search for legal representation. If there is already a list, I need to know where so I can add my name.

[bitkilo]

Sorry to hear about your loss mate, the way bitfinex has gone about this is not morally right in my opinion. Even if i had btc stolen in the hack i would still not feel right about others having to cover my loss instead of the company that lost it in the first place due to their lax storage methods.

Im no lawyer but if 99.9% of your holding were in cash and not involved or loss during the hack then you should not receive a 36% haircut to compensate others.
What legal right if any does the company have to do this?

I asked them that myself. Tech support has yet to respond. It was horrible. I was desperately trying to get my funds out as my father has had a life-threatening medical emergency. I was buying a little BTC at a time, transferring it stateside and selling it to minimize exchange rate volatility risk. I didn't even get half of it out before the shutdown.  Now it's frozen and money I really need (neither one of my parents can work while Dad is undergoing treatment) is unavailable, possibly forever.

What also worries me is the price action prior to the shutdown. It sure looks like somebody knew what was coming and was trading on inside information.

I have an awful feeling of Déjà vu. There are so many similarities with EmptyGox. These guys don't seem to have any idea how fucked they are or how permanent the damage is. No investors will save them. Their brand now has negative equity. The cops won't recover the stolen funds. Bitcoin was specifically designed to be untouchable by governments. The one response I got from Tech support promised me everything will be okay if we are just patient. It could have been written by Karpeles himself. The denial is so obvious, It's like MagicalTux took his dessert coffee and moved to Hong Kong. I got my BTC out of Gox just before the door slammed shut, but my dad, the guy I talked into investing, was not so lucky.  My dad is suffering because he trusted me, and I let him down. I let him down because I trusted Gox and BFX.

I need to compile a list of victims so I can start the search for legal representation. If there is already a list, I need to know where so I can add my name.

That really sucks man and i feel for ya. Im not a victim so cant join your list but would be happy to sign some sort of "morally right petition" i think a lot of people would sign that because it's not right to make people pay if their accounts were not affected, don't know how much it would help but it's an idea.

Unfortunately it doesn't look like this has affected business too badly at bitfinex because people are still trading some big volumes there and it seems to be picking back up daily.

What suspicious trading was going on before the hack, i haven't heard that claim yet?

[billyjoeallen]

Unfortunately it doesn't look like this has affected business too badly at bitfinex because people are still trading some big volumes there and it seems to be picking back up daily.

I don't trust their reported volumes anymore.

What suspicious trading was going on before the hack, i haven't heard that claim yet?

The price had been dropping for weeks. These funds may have been stolen a while ago and they didn't tell us. That's the kind of stalling Karpeles did, but so many coins were dumped (causing a drop in price of over 12%!) BEFORE the shutdown. Karpeles hoped VC money would bail him out and he wouldn't have to admit he lost so much. The BFX guys seem to be unrealistically optimistic as well.

I even had some lowball bidss in myself that would have triggered for a fast profit if they hadn't shut down, based on Bitstamp prices at the same time. They were cancelled by BFX.

[Velkro]

My account was 99.9% in USD at the time of the hack, but I got a 36% haircut anyway. I am trying to compile a list of other victims so I can go lawyer shopping.  There are several basis for claims:

1. Failure to safeguard funds.  There is absolutely no excuse in 2016 for that much bitcoin to be stored in a hotwallet. Either that or the BTC was siphoned off a little at a time and they didn't tell us.

2.Failure of fiduciary duty. If someone's storage unit gets broken into, the manager of the storage facility can't break into the other units and auction off what they find to help compensate the victim. My account was in cash, but I got punished the same as the gamblers.

3. False, misleading and deceptive statements regarding security and insured deposits: Based on the BFX website security pages, we were led to believe that the vast majority of BTC was in offline cold storage. This couldn't possibly be true if the funds were really stolen from a hack and not the exchange operators themselves.

All these reasons are not valid. They just took 36% of your money, thats it. Whatever reason they are giving u, that doesn't matter at all. They are thiefs, its plain simple.

[Kprawn]

My account was 99.9% in USD at the time of the hack, but I got a 36% haircut anyway. I am trying to compile a list of other victims so I can go lawyer shopping.  There are several basis for claims:

1. Failure to safeguard funds.  There is absolutely no excuse in 2016 for that much bitcoin to be stored in a hotwallet. Either that or the BTC was siphoned off a little at a time and they didn't tell us.

2.Failure of fiduciary duty. If someone's storage unit gets broken into, the manager of the storage facility can't break into the other units and auction off what they find to help compensate the victim. My account was in cash, but I got punished the same as the gamblers.

3. False, misleading and deceptive statements regarding security and insured deposits: Based on the BFX website security pages, we were led to believe that the vast majority of BTC was in offline cold storage. This couldn't possibly be true if the funds were really stolen from a hack and not the exchange operators themselves.

All these reasons are not valid. They just took 36% of your money, thats it. Whatever reason they are giving u, that doesn't matter at all. They are thiefs, its plain simple.

Why are these reasons not valid? These guys were tasked to safeguard your funds, and when they lost the funds, they dipped into other

people's accounts to compensate the people who lost funds. They then decided to create tokens out of thin air, to sell to people to generate

income to compensate more people. The whole hack was suspicious and the communication to the customers was poor.