Bitcoins stolen from bitfinex in 2016 move to new wallets - page 2.

aprilnot

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Quote from: feryjhie on April 26, 2019, 05:01:02 AM

Quote from: alyssa85 on April 26, 2019, 04:54:21 AM

This is another reminder to people not to leave coins on exchanges. Practically every single exchange out there has been hacked at some point.

you can leave coins on the exchange as long the coins is not too much
usually people leave coins in the exchange just for trading and many people expect a profit from his trading

yes you are right there is no harm in leaving a coin on the exchange, as long as we keep watching it there will be no problem. and certainly not in large numbers. for those who don't have much free time. they have to leave coins and make orders in the market to sell / buy because otherwise they will be late if the market starts moving.

Muzika

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Quote from: feryjhie on April 26, 2019, 05:01:02 AM

Quote from: alyssa85 on April 26, 2019, 04:54:21 AM

This is another reminder to people not to leave coins on exchanges. Practically every single exchange out there has been hacked at some point.

you can leave coins on the exchange as long the coins is not too much
usually people leave coins in the exchange just for trading and many people expect a profit from his trading

but people should be wise storing coins from exchange sometimes they remove those coins if the volume was not that good enough to retain, and also choose a right exchange if you want to store your coins on it make sure that they had a good reputation and can sustain a good volume.

erikoy

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Lol! Probably hackers hold it knowing that bull run may going to happen. Yet, it was not happening and instead it is the opposite. It was actually bearish market and that is bad news for them.

However, since bitcoin has a high market volatility theb waiting for some time might be a good idea. Let them wish that they will.never get caught during the transfer and exchange of those stolen bitcoins.

Bitinity

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Quote from: alyssa85 on April 26, 2019, 04:54:21 AM

I guess the hackers waited three years hoping that no-one would notice the movement - but with a public ledger people are always watching.

I wonder why they should wait for three years while the hacker could move it step by step. No matter how long they wait but if they move it in a bunch then it will be easily tracked imho. Just wondering why they did not move it when bitcoin reached its ATH at then end of 2017 as they should have made so huge amount of money.

Quote from: alyssa85 on April 26, 2019, 04:54:21 AM

This is another reminder to people not to leave coins on exchanges. Practically every single exchange out there has been hacked at some point.

Sure, people should aware that storing bitcoin in exchange is always risky especially if it is for long time. Its been suggested many times already, but obviously it is users own right what they want to do with their bitcoin.

BitcSeo

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Quote from: alyssa85 on April 26, 2019, 04:54:21 AM

https://www.newsbtc.com/2019/04/25/hacked-bitcoin-moves-300-of-bitfinex-users-btc-moves-for-the-first-time/

Quote

Around 300 of the Bitcoin that were never recovered following a hack of the crypto exchange Bitfinex have moved today. The hack in the summer of 2016 cost the company $73 million at the time.

.....

This is another reminder to people not to leave coins on exchanges. Practically every single exchange out there has been hacked at some point.

I think it's time some of this exchange companies do something because as of 2015 - 2019 more than 5,000 account has been compromised & hacked.it not a good reputation to btc community, This is giving the entire btc niche a bad name.

Well, i think if, you are running a website that store more than 10-20 btc per day. there should be a kind of security measure & guarantee to further protect your client's on other end

Yes, i know bitcoin is anonymous does not mean people should be prepared to say goodbye to their hard-earned coin in case of such attack .This ought not to be so because in such situtation, the companies, are simply saying we can't protect you in case of attack or exploitation.

So why are they offering to store-up this coin if, nobody is prepared to take responsibility for his or her action.

NOte : we are taking about million swept by overnight hacker's!! It not enough to write compelling article's or press release in regard's to such painful experience

Thanks
Btcseo

rijaljun

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I was thinking what just caused dump on Bitcoin is the statement of the New York Attorney General who alegged the owner of the Bitfinex crypto exchange for doing illegal transactions of tether to disguise lost funds worth of USD850 millions. However the controversy between Bitfinex and Tether is not a new thing.

I dont even know about the Bitcoin transfers from hacker's wallet to other. As we all know, Blockchain is very transparent about the transaction and that's not a good decision to transfer hacked funds directly to other wallet.

Slow death

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Quote from: alyssa85 on April 26, 2019, 04:54:21 AM

This is another reminder to people not to leave coins on exchanges. Practically every single exchange out there has been hacked at some point.

there will come a day when all exchanges will force their customers to make KYC and thieves will have little chance of stealing without being found and arrested by the police. It is very regrettable that a small group of thieves harms a large community... such hack cases destroy the reputation of the crypto world and may move away big investors and create fear in regulators and governments

livingfree

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Quote from: DeathAngel on April 26, 2019, 05:01:11 AM

This explains the $300 or so dump in price overnight.

Sort of and majority thinks that it's because of this..

https://www.coindesk.com/how-crypto-markets-are-reacting-to-the-tether-bitfinex-allegations
https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege

BlackPanda

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Quote from: alyssa85 on April 26, 2019, 04:54:21 AM

https://www.newsbtc.com/2019/04/25/hacked-bitcoin-moves-300-of-bitfinex-users-btc-moves-for-the-first-time/

Quote

Around 300 of the Bitcoin that were never recovered following a hack of the crypto exchange Bitfinex have moved today. The hack in the summer of 2016 cost the company $73 million at the time.

The coins appear to have been moved to a total of 13 new addresses. It is the first time the coins have ever moved to new wallets, none of which have any previous transaction history.

I guess the hackers waited three years hoping that no-one would notice the movement - but with a public ledger people are always watching.

This is another reminder to people not to leave coins on exchanges. Practically every single exchange out there has been hacked at some point.

This is the important role of a technology, with this incident, we can take the lesson that Bitcoin has the nature of technological progress so that all transactions can be tracked so well.

News like this must continue to be revealed because it can thus foster a level of trust for the public towards Bitcoin technology.

DeathAngel

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This explains the $300 or so dump in price overnight.

feryjhie

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Quote from: alyssa85 on April 26, 2019, 04:54:21 AM

This is another reminder to people not to leave coins on exchanges. Practically every single exchange out there has been hacked at some point.

you can leave coins on the exchange as long the coins is not too much
usually people leave coins in the exchange just for trading and many people expect a profit from his trading

alyssa85

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https://www.newsbtc.com/2019/04/25/hacked-bitcoin-moves-300-of-bitfinex-users-btc-moves-for-the-first-time/

Quote

Around 300 of the Bitcoin that were never recovered following a hack of the crypto exchange Bitfinex have moved today. The hack in the summer of 2016 cost the company $73 million at the time.

The coins appear to have been moved to a total of 13 new addresses. It is the first time the coins have ever moved to new wallets, none of which have any previous transaction history.

I guess the hackers waited three years hoping that no-one would notice the movement - but with a public ledger people are always watching.

This is another reminder to people not to leave coins on exchanges. Practically every single exchange out there has been hacked at some point.

Topic: Bitcoins stolen from bitfinex in 2016 move to new wallets - page 2. (Read 335 times)