is Bitfinex still trusted?

[shadowninjax]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

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[neochiny]

I, for one, no longer trust it. They "lost" a staggering amount of over 119,756 BTC

So, even if it was indeed a "hack", as they claim, I wouldn't place my money somewhere that managed to lose about $100,000,000 of their customer's funds.

I know that hacks happen and that this is not the first, nor the last, but whether or not they are to blame, it's still a fact that those funds are now gone. As for the "Shared loss" and those BFX tokens? 

They still have some volume though, so that might suggest there are still some who trust them.  Can't speak for others,

all I know is I don't trust them and I wouldn't recommend it to anyone.

[densuj]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

[Wind_FURY]

The same comment as neochiny. Do not trust them and do not ever store your Bitcoins in that exchange. Or in any exchange for that matter. Sooner or later some of them will get hacked or worse, might run away with your Bitcoins. That is common knowledge among Bitcoiners. Anyone who rebuts that statement is either a shill or a person who is lying.

[royalfestus]

After an hack and you get be a victim or have one around you, I bet you won't trust them. Some do not believe it was a hack but inside job. Now people don't even trust any exchange with their bitcoin, they will rather spread it into exchanges to reduce loss in case of hack at any exchange

[housebtc]

It is not a matter of Bitfinex now, don't trust any third party with your BTC, if you are looking to keep your fund on exchanges make sure you move it to not less than 3 exchanges so you know when one is hacked you won't lose all your money

[shadowninjax]

thanks for the suggestions.

in which exchanges do you guys trade if not for bitfinex? bitstamp? btc-e?

so better way is to trade then transfer that amount quickly to a personal wallet instead?

[Immakillya]

Nope. I dont trust this one and so as the other exchange. Exchange are really prone of hacking attacks which cause massive losses of their customers funds. Theres no safe exchange these days. Thats a fact. So try to pull out your fund as soon as you can. Dont store funds there for a long time. Keep in mind that any exchange are possible target of hackers.

[michellee]

i think you can trying to compare between bitfinex, bitstamp and kraken, and make decision to do trading. but for me, i feel comfort to do trading with kraken, i enjoy my time to watching and doing trading in that site. also, kraken have good reputation, but its only my opinion.

[shadowninjax]

i think you can trying to compare between bitfinex, bitstamp and kraken, and make decision to do trading. but for me, i feel comfort to do trading with kraken, i enjoy my time to watching and doing trading in that site. also, kraken have good reputation, but its only my opinion.

thanks. does kraken require verification to trade btc?

[Quickseller]

Yes.

They have, by far the highest volume of any of the western exchanges they have the most licquidity of any exchange, they offer 3.3x leverage and have competitive trading fees. They are also working on repaying the money stolen from them (of which had to be imposed on their customers otherwise they would not have been able to honor withdrawal requests).

I personally trust them with very significant amounts of money.

[JeffBrad12]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Yes, it was. at the middle of 2016, if you mean about early 2017 it's just rumor aiming coinbase.

Is this exchange still trusted? What are your thoughts?

Read this,
http://www.coindesk.com/bitfinex-bitcoin-hack-know-dont-know/

[Mr.grin]

Well, I do not believe anymore with bitfinex. maybe a lot of people are going back believed when bitfinex would pay reparations to its users. it may be better to not go back there, because there are many places is more reliable than that. bitfinex has lost confidence in its members

[bravehearth0319]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

well, you cannot blame other's  if their feed back about in bitfinex is not not good, it is because for what happen in the past. And that's the consequence of their failure by the that time. Even me there is something doubtful I have in bitfinex.

[Supercrypt]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Getting hacked is totally different from scamming members. I read after that hack they slowly paid all the withdraw requests. So, they did not get affected due to that hack. So, bitfinex is still a trusted services imho.
But the best practice would be just withdrawing your capital immediately after completing your trades with them. Do not use them as your online wallet. You will be safer.

[Patatas]

I added some btc to Bitfinex but then I heard that it was hacked recently.

I wouldn't touch it with a 10 foot pole! Hacked is an excuse nowadays ? Time to steal coins ? Cool,we have been hacked! -->> That's how the inside jobs works and the team eats pizzas for lunch every day with the stolen coins.
If you are in your right senses,withdraw your money right away.

[Matchpool]

I added some btc to Bitfinex but then I heard that it was hacked recently.

I wouldn't touch it with a 10 foot pole! Hacked is an excuse nowadays ? Time to steal coins ? Cool,we have been hacked! -->> That's how the inside jobs works and the team eats pizzas for lunch every day with the stolen coins.
If you are in your right senses,withdraw your money right away.

Have you tried to withdraw any of it?

[lol3c]

it is still one of the best trading platforms. However, every trading platform always contains risk about being hacked and being stolen all the money so beware before letting any third party holding Bitcoin for you. I only keep about 0.01 to 0.05 Bitcoin on yobit in order to avoid losing money

[talkbitcoin]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

bitfines is as trusted as any other exchange is trusted and the fact that they got hacked, or even they got hacked and came back doesn't give them any more or less trust than others.

as long as the exchanges are centralized, without license and have no way of guaranteeing you your money they are all unsafe and can run away at any moment.

[Wind_FURY]

thanks for the suggestions.

in which exchanges do you guys trade if not for bitfinex? bitstamp? btc-e?

so better way is to trade then transfer that amount quickly to a personal wallet instead?

You know it is funny that the exchange that is perceived to be the most likely to run away with your money turned out to the most honest one so far. That exchange is BTCe. The owners/operators are anonymous, they are Russian according to most of the people around the forum and I do not think they have been hacked ever. If they were please post the link to the news.