Author

Topic: Bitfinex (Read 710 times)

legendary
Activity: 812
Merit: 1000
May 29, 2015, 05:47:14 AM
#10
Is it safe to deposit yet? I've not heard anything since that last alert they sent out last week...



I reckon is pretty much as safe as you can get in the bitcoin world.  I'd made both withdraws and deposit since the hack, doesn't look like anything much has changed, they just take the hit since its small time for them.
legendary
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
May 28, 2015, 01:59:46 AM
#9
BFX is actually good, as compared to other exchanges which just give fake promises and never come up to help out their customers in case some serious hacks take place and security gets affected...
legendary
Activity: 1596
Merit: 1010
May 27, 2015, 05:44:29 AM
#8
The platform itself seems secure enough, besides the recent hack then. Any exchange is a risk when it comes to storing funds long-term though.
hero member
Activity: 742
Merit: 502
Circa 2010
May 27, 2015, 01:08:12 AM
#7
What is Bitfinex, I never heard about it before. Is this kind of a Bitcoin Investment site? And, how does it works?

Depends - you can lend to other people who will then use the lent money to trade. Obviously you lend with an interest rate, but you take risk in that if you lend in USD and the USD rate rises significantly, you can end up with less Bitcoin then you started with and vice versa.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
May 27, 2015, 12:35:07 AM
#6
What is Bitfinex, I never heard about it before. Is this kind of a Bitcoin Investment site? And, how does it works?

Bitfinex is an online exchange and trading platform, not some kind of bitcoin investment site.
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
May 27, 2015, 12:28:03 AM
#5
What is Bitfinex, I never heard about it before. Is this kind of a Bitcoin Investment site? And, how does it works?
legendary
Activity: 1232
Merit: 1001
mining is so 2012-2013
May 26, 2015, 09:48:44 PM
#4
Is it safe to deposit yet? I've not heard anything since that last alert they sent out last week...



Yes, Bitfinex is fine.  When you deposit, just have them issue you a fresh deposit address
sr. member
Activity: 326
Merit: 250
May 26, 2015, 12:03:40 PM
#3
I think so, but their website says you shouldn't deposit to old Bitfinex addresses. Generate a new Bitfinex address to deposit to.

https://www.bitfinex.com/pages/announcements

Urgent action required
Posted: 22 May 02:21

Dear Customer although we keep over 99.5% of users' BTC deposits in secure multisig wallets, the small remaining amount in coins in our hot wallet are theoretically vulnerable to attack. We believe that our hot wallet keys might have been compromised and ask that all of our customer cease depositing cryptocurrency to old deposits addresses. We are in the process of creating a new hot wallet and will advise within the next few hours. Although this incident is unfortunate, its scale is small and will be fully absorbed by the company. Thanks a lot for your patience and comprehension. Bitfinex Team
full member
Activity: 178
Merit: 100
May 26, 2015, 09:31:10 AM
#2
Only their hot wallet was hacked (~0.6%) and they said they will reimburse all stolen funds. I wouldn't worry too much.

Source: Reddit
sr. member
Activity: 420
Merit: 250
May 26, 2015, 09:22:59 AM
#1
Is it safe to deposit yet? I've not heard anything since that last alert they sent out last week...

Jump to: