Coinfire Bitstamp update

[QuestionAuthority]

https://bitcointalk.org/index.php?topic=912895.msg10023411#msg10023411

"A couple of exchanges will fail either due to regulations or fraud/incompetence of the owner."

One down 13 to go.

how did you count 13?

You're right, it should be more. I need one more exchange to make "a couple".

Vircurex is good enough?

It needs to be this year to qualify. lol

[uvt9]

how can i know if they lost MY btc? i can't even log in!

Bitstamp said they will cover the loss, probably by their own money. And they should do that to regain some of their business's reputation, otherwise nobody would trade on their site anymore.

[Evil-Knievel]

This message was too old and has been purged

[LiteCoinGuy]

iam pretty sure bitstamp will cover the loss and they will be back online soon.

but:

dont hold a big amount of BTC in exchanges. you can use a more secure hardware-wallet:

https://bitcointalk.org/index.php?topic=899253.0

(but also dont hold ALL BTC in just one place.)

[uvt9]

I stopped using btc-e after they

............

ehh, you mean bitstamp ?

dont hold a big amount of BTC in exchanges. you can use a more secure hardware-wallet:

https://bitcointalk.org/index.php?topic=899253.0

(but also dont hold ALL BTC in just one place.)

tell that to day traders, they're different from us long term holders. They need to store large amount of coin and fiat on exchanges.

[tzortz]

I stopped using btc-e after they

............

ehh, you mean bitstamp ?

I believe he made a mistake and deleted it.

[Morecoin Freeman]

Fuck.

[asdlolciterquit]

how can i know if they lost MY btc? i can't even log in!

Bitstamp said they will cover the loss, probably by their own money. And they should do that to regain some of their business's reputation, otherwise nobody would trade on their site anymore.

where can i find their statement about this?

[pedrog]

how can i know if they lost MY btc? i can't even log in!

Bitstamp said they will cover the loss, probably by their own money. And they should do that to regain some of their business's reputation, otherwise nobody would trade on their site anymore.

where can i find their statement about this?

Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored.

https://www.bitstamp.net/

[redhawk979]

Doesn't Coinbase use Bitstamp in some way to process things for them?

[mayax]

Doesn't Coinbase use Bitstamp in some way to process things for them?

yes, they are partially interconnected. same as Bitfinex.

[PolarPoint]

Bitstamp covering all the losses is not going to be enough. Traders are still going to withdraw all their coins. Bitstamp will have to find out where the leak is and fix it. Once they fixed it, perform a full system audit, confidence can return.

[mayax]

Bitstamp covering all the losses is not going to be enough. Traders are still going to withdraw all their coins. Bitstamp will have to find out where the leak is and fix it. Once they fixed it, perform a full system audit, confidence can return.

I said above. these things will takes months and BitStamp won't afford(because they don't want to lose any cent) to cover the losses and to keep the company expenses.

Bitstamp credibility is zero at this point. No update since 12 hours ago. They didn't understand that they are playing with people's money not with bricks.

Their customers must ask the money back by bank wire. Their bank account is STILL functional.
Almost all their BTC must be backed in real money, right?
I would ask the money today not tomorrow.

[carlosiness]

I believe, this is a temporal fault...

[asdlolciterquit]

how can i know if they lost MY btc? i can't even log in!

Bitstamp said they will cover the loss, probably by their own money. And they should do that to regain some of their business's reputation, otherwise nobody would trade on their site anymore.

where can i find their statement about this?

Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored.

https://www.bitstamp.net/

ah well, thanks!

hope they will do what they have wrote

[turvarya]

A lot of panic in here.
I hope they will recover. So far it doesn't seem as bad as many suggest, but just time can tell ...

[Auxi]

They earn 18k btc in 2 month but im afraid

[KIRAZ]

Bigger exchanges like that should get their shit together, that wont't be good if this happens to be the same thing as gox just hope it's not.  

[Febo]

https://bitcointalk.org/index.php?action=profile;u=38966

You see. Vod knew this long time ago, that Bitstamp is scam. He placed negative trust to one of Bitstamp owner half year ago. If more people would listen to Vod, world of crypto would be much safer.

[findftp]

Calm the fuck down everyone.
Ofcourse it is very sad you are not able to trade, however, your coins are safe.
I hope you are able to trade before the bottom.

Bitstamp will prove that this market is robust after the mtgox drama