Bitfinex asks users to help in Recovery

mobnepal

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Quote from: exstasie on September 13, 2016, 04:47:45 AM

Quote from: mayax on September 12, 2016, 09:39:23 AM

is there any logical reason for someone to use Bitfnex after they fucked their clients? NOPE but still many are using them

Some people have some serious Stockholm Syndrome around Bitfinex. Others are just desperate gamblers who want a piece of the BFX market and access to margin. I don't think these people realize that Bitfinex's problems are not over...

Actually yes it seems they will have one problem and after another problem in future too. Why they haven't released how they have lost so much of bitcoin which they are responsible for saving in a really safe place. Lossing almost all bitcoin they have sound they have really serious issue with their management and level of security. Don't know when traders will leave that platform and try to find other alternative platforms.

Qartada

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Quote from: DooMAD on September 13, 2016, 05:11:36 AM

Quote from: exstasie on September 13, 2016, 04:47:45 AM

Quote from: mayax on September 12, 2016, 09:39:23 AM

is there any logical reason for someone to use Bitfnex after they fucked their clients? NOPE but still many are using them

Some people have some serious Stockholm Syndrome around Bitfinex. Others are just desperate gamblers who want a piece of the BFX market and access to margin. I don't think these people realize that Bitfinex's problems are not over...

Pretty much. It could be argued that, in the short term at least, Bitfinex will be more conscious about their security and faster to hunt down any other vulnerabilities they might have. But it's only a matter of time before complacency sets in again and some motivated attacker gets the better of their defences. Definitely more a question of 'when' than 'if'.

I think the hack could be an inside job. The exchange lost 1/3 of its funds in a day. Does it not realise that it is big amount to withdraw?

mayax

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Quote from: exstasie on September 13, 2016, 04:47:45 AM

Quote from: mayax on September 12, 2016, 09:39:23 AM

is there any logical reason for someone to use Bitfnex after they fucked their clients? NOPE but still many are using them

Some people have some serious Stockholm Syndrome around Bitfinex. Others are just desperate gamblers who want a piece of the BFX market and access to margin. I don't think these people realize that Bitfinex's problems are not over...

so, their clients are sick people...it might be a real explanation...

DooMAD

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Quote from: exstasie on September 13, 2016, 04:47:45 AM

Quote from: mayax on September 12, 2016, 09:39:23 AM

is there any logical reason for someone to use Bitfnex after they fucked their clients? NOPE but still many are using them

Some people have some serious Stockholm Syndrome around Bitfinex. Others are just desperate gamblers who want a piece of the BFX market and access to margin. I don't think these people realize that Bitfinex's problems are not over...

Pretty much. It could be argued that, in the short term at least, Bitfinex will be more conscious about their security and faster to hunt down any other vulnerabilities they might have. But it's only a matter of time before complacency sets in again and some motivated attacker gets the better of their defences. Definitely more a question of 'when' than 'if'.

exstasie

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Quote from: mayax on September 12, 2016, 09:39:23 AM

is there any logical reason for someone to use Bitfnex after they fucked their clients? NOPE but still many are using them

Some people have some serious Stockholm Syndrome around Bitfinex. Others are just desperate gamblers who want a piece of the BFX market and access to margin. I don't think these people realize that Bitfinex's problems are not over...

.m.

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What would you recommend ? Imagine your money were there. They took away (BFX counted in) around 18 % of your deposits - which is less if you held BTC from 400 to 600 (+50%).

mayax

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is there any logical reason for someone to use Bitfnex after they fucked their clients? NOPE but still many are using them

Qartada

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Quote from: .m. on September 04, 2016, 06:12:23 PM

BFX up ! Over 0.5 !

Any reason for that?

.m.

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BFX up ! Over 0.5 !

streazight

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Quote from: revo999 on August 08, 2016, 06:48:35 AM

http://satoshibonus.blogspot.com/2016/08/bitfinex-share-loss.html

Bitfinex asks users to help in Recovery by sharing the loss.

Well the problem is not the asking for help but more like why other coins needs to save bitcoin ?
I mean I get it the only thing that was hacked was bitcoin and nothing happened to fiat and altcoin holders and their idea was that, instead of 100% of bitcoins gone, why not 20% of all gone?

That way rather then all bitcoin gone all people would keep 80% of it. That makes no sense, why the others pay for only bitcoins hack?

Matt Guy

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I expected an exchange like this to be better prepared for such situations.

pooya87

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help from users needs trust from them, a trust that was lost the day they got hacked. nobody will ever even think about going to their exchange and they will never even be able to sell it to anybody.

Strongkored

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Quote from: noictib on August 09, 2016, 08:21:45 AM

how can we trust at this blog . i have not get any email from them . please don't try to scam . Or it may be that you are trying to increase traffic on your blog for adsense earning .

I think the OP simply share the article that he made on the blog, and have no intention to scam people. I think reasonable if you have a blog and would like your blog traffic crowded because it will make money for the blog owner.

And maybe if you're worried it's a scam, check it on bitfinex blog and many of their official announcement, about the hack. http://blog.bitfinex.com/ thank you

mayax

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Quote from: huntalan81 on August 09, 2016, 02:25:45 AM

Quote from: rphk on August 09, 2016, 01:36:35 AM

it is good bitfinex helping users to recover money. but may be for the big customers to recover as they want retain their customers , not sure how they will recover so much huge amount , but it is good that bitfinex taken some steps on that

In my opinion bitfinex is dead. Hackers want more money- they do this new campaign.

it seems that Bitfinex has many sheep as clients and they are happy even they lost 36%. so, Bitfinex is not dead yet. they will run their scam exchange without any problem.

noictib

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how can we trust at this blog . i have not get any email from them . please don't try to scam . Or it may be that you are trying to increase traffic on your blog for adsense earning .

r.o.o.t

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bitbunnny

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Yeah, it will be very hard for them to recover and get back the trust of their users. And all this situation and their behaviour after the incident is not much in their favour.

huntalan81

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Quote from: rphk on August 09, 2016, 01:36:35 AM

it is good bitfinex helping users to recover money. but may be for the big customers to recover as they want retain their customers , not sure how they will recover so much huge amount , but it is good that bitfinex taken some steps on that

In my opinion bitfinex is dead. Hackers want more money- they do this new campaign.

rphk

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it is good bitfinex helping users to recover money. but may be for the big customers to recover as they want retain their customers , not sure how they will recover so much huge amount , but it is good that bitfinex taken some steps on that

illyiller

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Quote from: plpbtc1526 on August 09, 2016, 01:27:46 AM

This is bad coz they cant even resolve this for themselves. Why you pay for your lost money? Are you sure this is legit? They're already bunkrupt or they will be bunkrupt i guess if they still operate their site.

Well, they aren't bankrupt. But depending how things are accounted for, they might be insolvent. Technically, if they give a 36% haircut to users, they might be solvent, with money to spare for operation costs for the foreseeable future. The problem is: is what they did legal? Not so sure, and that may be the downfall of Bitfinex.

I bet they've had offers to buy out 100%, or at least large majority of equity, in return for paying off the debt. But I think the owners are greedy and think they can run things this way. Bad choice.

Topic: Bitfinex asks users to help in Recovery (Read 2965 times)