Never leave your bitcoins on third party websites...it's that simple.
Exactly. If you do, they are not "your bitcoins" - they belong to someone else and you just have an IOU. Which isn't worth much.
Topic: [2016-10-16]The FBI Gets Involved In US$1.3m Bitfinex Hack Investigation (Read 918 times)
October 21, 2016, 08:15:43 PM
Exactly. If you do, they are not "your bitcoins" - they belong to someone else and you just have an IOU. Which isn't worth much.
October 21, 2016, 06:05:20 PM
What type of fucking freak leaves $3 million on a piece of shit exchange like that in a far off land with no accountability? My mind boggles.
Not that he deserved to get fucked like that, I fully agree with this statement. 3 fucking million dollars, christ almighty. Some people are just stupid with money it baffles me.
October 21, 2016, 06:03:22 PM
Is this the first time they get involved in exchanges hacks or they were involved also in the past, Mt.gox? Or on chinese exchanges??
October 20, 2016, 07:45:50 PM
These people are called whales. You should know that by now. Some people trade with a few thousand worth of fiat, and the other does it with a few million. And why on an exchange as Bitfinex? Before the hack it was the best option for people looking to trade BTC/USD. Now it's the worst option.
It might have been the best option for liquidity, but certainly not the best for transparency and reliability, let alone accountability.
Anyone with a reasonably operative mind must have known perfectly well that something like this was a very strong possibility. No regulation, murky ownership, murky location, murky jurisdictions.
It's not a site that I ever felt tempted to place any trust in as soon as I looked into how it's run.
October 20, 2016, 07:23:20 PM
What type of fucking freak leaves $3 million on a piece of shit exchange like that in a far off land with no accountability? My mind boggles.
These people are called whales. You should know that by now. Some people trade with a few thousand worth of fiat, and the other does it with a few million. And why on an exchange as Bitfinex? Before the hack it was the best option for people looking to trade BTC/USD. Now it's the worst option.
October 20, 2016, 05:40:01 PM
What type of fucking freak leaves $3 million on a piece of shit exchange like that in a far off land with no accountability? My mind boggles.
These people are called whales. You should know that by now. Some people trade with a few thousand worth of fiat, and the other does it with a few million. And why on an exchange as Bitfinex? Before the hack it was the best option for people looking to trade BTC/USD. Now it's the worst option.
These people are called STUPID FUCKING WHALES.
Having a pile of money doesn't confer intelligence or experience. People trading on BFX after their network outage were idiots, and after the hack, completely retarded. Much like Gox, there were warning signs that were ignored.
I don't feel sorry at all for any "whale" that lost anything. BFX will get what they deserve in the long run, including their ill-run business getting shut down.
Who's to say that this user wasn't an early adopter? After all, I assume newer adopters would be smart enough to be careful with their money. $3,000,000 is about 4777 BTC at current prices, so maybe this person mined early on, or bought some? (Though, even at 20 cents, it's still almost $1000.)
Perhaps it was someone who was excited for the development of bitcoin a couple years ago, who'd invested some money into it but wasn't smart enough to protect their funds.
October 20, 2016, 04:09:53 PM
Never leave your bitcoins on third party websites...it's that simple.
October 20, 2016, 01:41:21 PM
Having a pile of money doesn't confer intelligence or experience. People trading on BFX after their network outage were idiots, and after the hack, completely retarded. Much like Gox, there were warning signs that were ignored.
I don't feel sorry at all for any "whale" that lost anything. BFX will get what they deserve in the long run, including their ill-run business getting shut down.
I don't feel sorry at all for any "whale" that lost anything. BFX will get what they deserve in the long run, including their ill-run business getting shut down.
To quote Jack from The Importance of Being Earnest
Quote
That, my dear Algy, is the whole truth pure and simple
I couldn't agree more with the above. 
October 20, 2016, 01:01:20 PM
Since when did any aspect of the Bitfinex organisation operate from US soil? Not trying to defend Bitfinex as such, but defending Hong Kong sovereign territory from the FBI sure sounds like the right thing to do. Is the Massachusetts FBI office going to be the ones investigating, lol
Maybe a lot of Americans have complained about the losses incurred. I am not sure how the FBI is going to proceed.
All they may do is share notes with the HK cops.
October 20, 2016, 07:46:53 AM
What type of fucking freak leaves $3 million on a piece of shit exchange like that in a far off land with no accountability? My mind boggles.
These people are called whales. You should know that by now. Some people trade with a few thousand worth of fiat, and the other does it with a few million. And why on an exchange as Bitfinex? Before the hack it was the best option for people looking to trade BTC/USD. Now it's the worst option.
These people are called STUPID FUCKING WHALES.
Having a pile of money doesn't confer intelligence or experience. People trading on BFX after their network outage were idiots, and after the hack, completely retarded. Much like Gox, there were warning signs that were ignored.
I don't feel sorry at all for any "whale" that lost anything. BFX will get what they deserve in the long run, including their ill-run business getting shut down.
October 19, 2016, 11:02:34 PM
All other exchanges had better sit up and not let the same thing happen to them.
October 19, 2016, 05:17:31 AM
What type of fucking freak leaves $3 million on a piece of shit exchange like that in a far off land with no accountability? My mind boggles.
These people are called whales. You should know that by now. Some people trade with a few thousand worth of fiat, and the other does it with a few million. And why on an exchange as Bitfinex? Before the hack it was the best option for people looking to trade BTC/USD. Now it's the worst option.
October 17, 2016, 05:37:19 PM
What type of fucking freak leaves $3 million on a piece of shit exchange like that in a far off land with no accountability? My mind boggles.
October 17, 2016, 05:22:37 PM
Since when did any aspect of the Bitfinex organisation operate from US soil? Not trying to defend Bitfinex as such, but defending Hong Kong sovereign territory from the FBI sure sounds like the right thing to do. Is the Massachusetts FBI office going to be the ones investigating, lol
October 17, 2016, 04:38:00 PM
Things are really going to get messy for Bitfinex, they may end up having to close shop if they have to pay up debts at once.
They need to find an investor fast and try to redeem their tokens.
Only then will their troubles be solved.
Bitfinex has suffered irreparable damage due to the hack drama. It's a marked exchange right now. I don't think Bitfinex will ever come close to 50% of what it once was. Smart people avoid that exchange. At least, I would if I was a trader there, or maybe someone looking to join an exchange.
October 17, 2016, 12:04:15 PM
Things are really going to get messy for Bitfinex, they may end up having to close shop if they have to pay up debts at once.
They need to find an investor fast and try to redeem their tokens.
Only then will their troubles be solved.
October 17, 2016, 08:13:02 AM
Things are really going to get messy for Bitfinex, they may end up having to close shop if they have to pay up debts at once.
October 17, 2016, 04:00:25 AM
I really hope the FBI digs deep enough into Bitfinex that they find the real truth of what happened during the "hack" that has cost people many millions. When coins are stolen, you would expect an exchange to make certain important details public, and hand out a reward for people being able to trace these coins with as result that they come back. Right now they only put up a reward for people without any useful information.... One big joke.
October 16, 2016, 02:49:50 PM
The FBI Gets Involved In US$1.3m Bitfinex Hack Investigation
It was only a matter of time until Bitfinex would get into legal trouble over their recent hack. One user in Massachusetts has filed a police report to recover his missing bitcoin funds. During the hack, nearly US$70m worth of Bitcoin were stolen, and no users were compensated. Instead, they all saw their balances punished even further to make up for the balance sheet losses.
The way Bitfinex handled the whole hacking event was not exactly professional, from a legal point of view. The company cut all user balances by a significant...
http://www.newsbtc.com/2016/10/15/fbi-gets-involved-us1-3m-bitfinex-hack-investigation/
It was only a matter of time until Bitfinex would get into legal trouble over their recent hack. One user in Massachusetts has filed a police report to recover his missing bitcoin funds. During the hack, nearly US$70m worth of Bitcoin were stolen, and no users were compensated. Instead, they all saw their balances punished even further to make up for the balance sheet losses.
The way Bitfinex handled the whole hacking event was not exactly professional, from a legal point of view. The company cut all user balances by a significant...
http://www.newsbtc.com/2016/10/15/fbi-gets-involved-us1-3m-bitfinex-hack-investigation/
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