Another exchange goes bust. Bitcurrex loses ~2300 BTC

[Doamader]

I do believe this is just a admin that scammed their costumers, otherwise we would see some big warning about another hacker sucessfull auction, as stated this happened at day 13 October why just now people realize it, bitfinex went from day to night and all say, looks like the admin had hidden the reasons and maybe suspended the cashouts till he could hide anymore.

[Wapinter]

And even after that "accident" the btc price is rising... everything is well organized ! lol

rising because people fear there would be shortage of bitcoin in market.Maybe this news will bring further hike in bitcoin price

[Adelajda]

And even after that "accident" the btc price is rising... everything is well organized ! lol

rising because people fear there would be shortage of bitcoin in market.Maybe this news will bring further hike in bitcoin price

why would there be a shortage of bitcoin in the market, satoshi can be broken down to smaller units i guess ,the price rise is mainly due to economic instability and china

[shinratensei_]

And even after that "accident" the btc price is rising... everything is well organized ! lol

rising because people fear there would be shortage of bitcoin in market.Maybe this news will bring further hike in bitcoin price

But comparing with the previous incident this cases are not giving a sensitive impact for the bitcoiners community, but that's already enough for giving a shocked for the people who storing in them and the trend of rising are always gone.

[machinek20]

And even after that "accident" the btc price is rising... everything is well organized ! lol

rising because people fear there would be shortage of bitcoin in market.Maybe this news will bring further hike in bitcoin price

I dont think there will be a shortage, because it is in someone wallet not vanished in the air, the one that i afraid is people dont trust any exchange site anymore because this is not the first time and with this incident it will affect the price

[European Central Bank]

I dont think there will be a shortage, because it is in someone wallet not vanished in the air, the one that i afraid is people dont trust any exchange site anymore because this is not the first time and with this incident it will affect the price

there are enough people back on bitfinex and they haven't provided any explanation of what happened. traders either don't care or choose to forget and cross their fingers. weird but that's how it is.

[QuestionAuthority]

And even after that "accident" the btc price is rising... everything is well organized ! lol

rising because people fear there would be shortage of bitcoin in market.Maybe this news will bring further hike in bitcoin price

It's rising because Bitcoin price is controlled entirely by day traders and they're all insane. They will use any reason as an excuse to rally. LOL

[clickerz]

I do believe this is just a admin that scammed their costumers, otherwise we would see some big warning about another hacker sucessfull auction, as stated this happened at day 13 October why just now people realize it, bitfinex went from day to night and all say, looks like the admin had hidden the reasons and maybe suspended the cashouts till he could hide anymore.

That is what we suspect also,and the possibility is endless. As a trader,we have used that exchanges also as we arbitrage sometimes of coins which are profitable.And they say its IT damage network... just weird

[Carlsen]

Would it be possible to create a decentralized exchange running by the same principles bitcoin does?
I mean based on a blockchain? Rewards could be exchange fees. About 0.15 % of each transaction.

[mogrith]

Would it be possible to create a decentralized exchange running by the same principles bitcoin does?
I mean based on a blockchain? Rewards could be exchange fees. About 0.15 % of each transaction.

look into bitsquare

https://bitsquare.io/][url]https://bitsquare.io/[/url]

[Snorek]

I dont think there will be a shortage, because it is in someone wallet not vanished in the air, the one that i afraid is people dont trust any exchange site anymore because this is not the first time and with this incident it will affect the price

there are enough people back on bitfinex and they haven't provided any explanation of what happened. traders either don't care or choose to forget and cross their fingers. weird but that's how it is.

Fortunately for us it was local exchange. We should be thankful that this hack didn't cause chain reaction and impacted to price of BTC.

From what I gathered, Bitcurex was hacked on October 13. This is one of the main addresses of Bitcurex:  1K2PKGPGrYTQjPohXjDgbjeRtynGAZU9cF we can see large portion of bitcoin being withdrawn from that address.
It took them more than a week to admit they were hacked.

[South Park]

When it comes to these large amounts where exchanges get raped,it feels like there is a wide enough spot to develop a failsafe method to protect against this.
Like a program that shifts the bitcoin around in groupings,so it is constantly moving through the blockchain and when it gets altered it shows up right away as a problem and you can stop all the other bitcoins from being juggled around. Going into lock down mode! Would leave a paper trail and a pretty close time stamp as well if it could be set up.

The problem with these hacks is that most of them have never showed real proof they were hacked all, this is why the community is growing more and more skeptical about this.

[abel1337]

When it comes to these large amounts where exchanges get raped,it feels like there is a wide enough spot to develop a failsafe method to protect against this.
Like a program that shifts the bitcoin around in groupings,so it is constantly moving through the blockchain and when it gets altered it shows up right away as a problem and you can stop all the other bitcoins from being juggled around. Going into lock down mode! Would leave a paper trail and a pretty close time stamp as well if it could be set up.

The problem with these hacks is that most of them have never showed real proof they were hacked all, this is why the community is growing more and more skeptical about this.

Yeah thats right, Some times savotage happens. They said they were hacked by a hackers or they were attack by ddos attacks , Sometimes it is good to provide a proofs that they were being hacked or attacked. If they losed this kind of btc why did the price didnt fall instead it is increasing so fast