BitStamp - hacked and down

[mayax]

Let's see what will happen with bitcoin price if this keep continue & no good news for Bitstamp
Some people already sell by now

I hope this won't become MtGox II

As you can see, nothing happens with the price. It's like frozen. There are massive sells but the price is not dropping at all.
Again, the big exchangers are manipulating the market.

[onemorebtc]

my question remains : Bitstamp is closed but we know that they are related with Coinbase, Bitfinex and MANY other exchangers who were processed their orders through BitStamp.

The question is which one will be more affected  because they surely lost a lot of bitcoin too.

Sorry but I do not understand what you mean with related with Coinbase, Bitfinex ...?

Coinbase, Bitfinex and others included the Bitstamp order book into their own order book.
In short, if you placed an order with Bitfinex,  your order was processed by Bitstamp even you were on Bitfinex's website.
Bitfinex "fowarded" your order to Bitstamp through an API.

Thank you, i did not know that! which means that all orders of bitfinex ran over bitstamp?

Many of them, yes. Anyway, it must be 50% or more.

that was true in the beginning but is not longer the case
afaik bitfinex has higher volume than stamp these days (didnt check though)

[mayax]

my question remains : Bitstamp is closed but we know that they are related with Coinbase, Bitfinex and MANY other exchangers who were processed their orders through BitStamp.

The question is which one will be more affected  because they surely lost a lot of bitcoin too.

Sorry but I do not understand what you mean with related with Coinbase, Bitfinex ...?

Coinbase, Bitfinex and others included the Bitstamp order book into their own order book.
In short, if you placed an order with Bitfinex,  your order was processed by Bitstamp even you were on Bitfinex's website.
Bitfinex "fowarded" your order to Bitstamp through an API.

Thank you, i did not know that! which means that all orders of bitfinex ran over bitstamp?

Many of them, yes. Anyway, it must be 50% or more.

that was true in the beginning but is not longer the case
afaik bitfinex has higher volume than stamp these days (didnt check though)

In July 2014, Bitfinex made a declaration about that . that means 5-6 months ago...not in the beginning. I am sure Bitfinex were still used Bitstamp and Coinbase the same.

[(Lithium)]

Let's see what will happen with bitcoin price if this keep continue & no good news for Bitstamp
Some people already sell by now

I hope this won't become MtGox II

At least they stopped the trade after withdraw has been stopped.

Unlike Gox and their 50 bucks GoxCOins

[mayax]

Let's see what will happen with bitcoin price if this keep continue & no good news for Bitstamp
Some people already sell by now

I hope this won't become MtGox II

At least they stopped the trade after withdraw has been stopped.

Unlike Gox and their 50 bucks GoxCOins

yes, they were not too greedy

[ajw7989]

Let's see what will happen with bitcoin price if this keep continue & no good news for Bitstamp
Some people already sell by now

I hope this won't become MtGox II

I honestly do not think this event will lower the price of bitcoin. Bitcoin is already pretty low and bitstamp I think is trying to correct it. Bitstamp is probably one of the most reliable exchanges (and transparent unlike btc-e).

[mlferro]

Let's see what will happen with bitcoin price if this keep continue & no good news for Bitstamp
Some people already sell by now

I hope this won't become MtGox II

surely this is what we all do not want

[mayax]

Let's see what will happen with bitcoin price if this keep continue & no good news for Bitstamp
Some people already sell by now

I hope this won't become MtGox II

I honestly do not think this event will lower the price of bitcoin. Bitcoin is already pretty low and bitstamp I think is trying to correct it. Bitstamp is probably one of the most reliable exchanges (and transparent unlike btc-e).

how Bistamp can correct the price when it's down/dead?

normally, Bitstamp price must be much lower based on market which is selling. Since 2 days, the price is frozen at 270 USD which is not normal.

The big exchangers can do that in order to avoid panic.. BUT this is market manipulation .

[Varix]

I think some are overeacting a bit. Bitstamp will be fine and the way they handled this issue they might just get the thieves.
And please dont compare Bitstamp with Mtgox, which was fuck up from the very beginning!

[sorin.c]

did they give an estimate about when it will be live again?

[mayax]

they said "We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days"

IMO, you will hear news next week.

[Febo]

they said "We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days"

IMO, you will hear news next week.

You will what will happen tomorrow, if this new exchange will be up, will all be fine. if not and there will excuses started, could get alarming.  
If all wil get solved in just 2 days from start, no matter that went just about 19k BTC, they will prove they deserve to be of one of top exchanges.

[reyhan12]

CCN has an article up saying they will resume services within 24hrs

https://www.cryptocoinsnews.com/bitstamp-resume-operations-next-24-hours/

[picolo]

CCN has an article up saying they will resume services within 24hrs

https://www.cryptocoinsnews.com/bitstamp-resume-operations-next-24-hours/

If they "just" lost 19,000 BTC and they had more than 19,000 BTC than the customers funds, they will resume and it will be forgotten. Two "if".

[mayax]

two BIG if

There are winners from this situation, Bitfinex and Btc-e. They earned a lot of clients in the last 2 days.

[mayax]

I think some are overeacting a bit. Bitstamp will be fine and the way they handled this issue they might just get the thieves.
And please dont compare Bitstamp with Mtgox, which was fuck up from the very beginning!

it was the biggest exchanger, Mtgox.
Why Bitstamp is different? a, yes.

Bistamp is related to Ripple, Bitcoin Foundation and others. Their shareholders are shareholders for many other bitcoin companies.

i think they will cover the loss because the scandal will be TOO BIG and it will involve all these companies and Bitcoin will crush.
Bitfinex, Coinbase are related with Bitstamp. Bitstamp is processing their orders.

So, they are a gang who is manipulating the market how they want and each of them are taking a piece of the cake named Bitcoin.

[picolo]

two BIG if

There are winners from this situation, Bitfinex and Btc-e. They earned a lot of clients in the last 2 days.

Yes but if Bitcoin stays a relative low price for a while they may not benefit from it much especially if more people are afraid to trust other exchanges with a lot of bitcoins.

[mayax]

two BIG if

There are winners from this situation, Bitfinex and Btc-e. They earned a lot of clients in the last 2 days.

Yes but if Bitcoin stays a relative low price for a while they may not benefit from it much especially if more people are afraid to trust other exchanges with a lot of bitcoins.

the people wants to sell and they do it. what to do with Bitcoin? waiting to wake up in a morning and to see that you don't have it because a russian kid hacked your wallet?

the people are using the existing exchangers because they have no choice.

[Pustul]

24-48h ETA:
https://twitter.com/nejc_kodric/status/552615256452001792

[smoothie]

24-48h ETA:
https://twitter.com/nejc_kodric/status/552615256452001792

Says nothing about how they will honor that 18000+ BTC loss.

A system being up does not make losses go away.

Time will tell on if my skepticism is right or wrong.