Bitfinex HACKED - funds stolen ! - page 14.

Quickseller

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Quote from: mayax on August 08, 2016, 10:04:33 AM

Quote from: Quickseller on August 08, 2016, 09:56:46 AM

Quote from: smoothie on August 08, 2016, 04:59:35 AM

Quote from: Quickseller on August 07, 2016, 08:53:24 PM

Quote from: bones261 on August 07, 2016, 08:50:24 PM

What exactly am I supposed to do with my newly acquired 141 BFX tokens? Since I live in the US and the trading of them will be limited for me, are they just there to remind me of my folly? Cheesy

I believe that the PR guy has said that US customer will be able to withdraw them. I suspect that this will allow for OTC trading of them and possibly trading of them on other exchanges.

Who is going to want these tokens?

What is backing them if it isn't the Bitcoin network?

Seems like a long shot for bitfinex to try this hand waiving technique.

In theory, bitfinex will eventually buy back the BFX tokens, and/or the BFX tokens will be exchanged for shares of bitfinex's parent company. The future profits of bitfinex are backing the BFX tokens.

Speculators will likely be most interested in buying and/or trading the BFX tokens. As long as Bitfinex buys the tokens at least at the market price and does not force anyone to sell them at a discount, then I don't see an issue with them buying at less then face value.

ifinex INC, a BVI company doesn't have the right to issue shares to public.

I think you are confused.

Also, do you happen to be an alt of MPOD-PR?

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: Quickseller on August 08, 2016, 09:56:46 AM

Quote from: smoothie on August 08, 2016, 04:59:35 AM

Quote from: Quickseller on August 07, 2016, 08:53:24 PM

Quote from: bones261 on August 07, 2016, 08:50:24 PM

What exactly am I supposed to do with my newly acquired 141 BFX tokens? Since I live in the US and the trading of them will be limited for me, are they just there to remind me of my folly? Cheesy

I believe that the PR guy has said that US customer will be able to withdraw them. I suspect that this will allow for OTC trading of them and possibly trading of them on other exchanges.

Who is going to want these tokens?

What is backing them if it isn't the Bitcoin network?

Seems like a long shot for bitfinex to try this hand waiving technique.

In theory, bitfinex will eventually buy back the BFX tokens, and/or the BFX tokens will be exchanged for shares of bitfinex's parent company. The future profits of bitfinex are backing the BFX tokens.

Speculators will likely be most interested in buying and/or trading the BFX tokens. As long as Bitfinex buys the tokens at least at the market price and does not force anyone to sell them at a discount, then I don't see an issue with them buying at less then face value.

ifinex INC, a BVI company doesn't have the right to issue shares to public.

Quickseller

copper member

Activity: 2996

Merit: 2371

Quote from: smoothie on August 08, 2016, 04:59:35 AM

Quote from: Quickseller on August 07, 2016, 08:53:24 PM

Quote from: bones261 on August 07, 2016, 08:50:24 PM

What exactly am I supposed to do with my newly acquired 141 BFX tokens? Since I live in the US and the trading of them will be limited for me, are they just there to remind me of my folly? Cheesy

I believe that the PR guy has said that US customer will be able to withdraw them. I suspect that this will allow for OTC trading of them and possibly trading of them on other exchanges.

Who is going to want these tokens?

What is backing them if it isn't the Bitcoin network?

Seems like a long shot for bitfinex to try this hand waiving technique.

In theory, bitfinex will eventually buy back the BFX tokens, and/or the BFX tokens will be exchanged for shares of bitfinex's parent company. The future profits of bitfinex are backing the BFX tokens.

Speculators will likely be most interested in buying and/or trading the BFX tokens. As long as Bitfinex buys the tokens at least at the market price and does not force anyone to sell them at a discount, then I don't see an issue with them buying at less then face value.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

And now in CNN they are giving out fake news and making it look as if every bitcoin owner ever is going to get a haircut due the bitfinex bailin scandal. Man those exchanges are going to keep fucking us over all the time as it happens again and again and we still dont have decentralized alternatives.

QuestionAuthority

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Activity: 2156

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You lead and I'll watch you walk away.

A Bitcoiner and his money are soon parted ~ Thomas Tusser c.1587

Frodomaga

sr. member

Activity: 265

Merit: 250

Quote from: mayax on August 08, 2016, 07:33:49 AM

Quote from: smoothie on August 08, 2016, 04:59:35 AM

Quote from: Quickseller on August 07, 2016, 08:53:24 PM

Quote from: bones261 on August 07, 2016, 08:50:24 PM

What exactly am I supposed to do with my newly acquired 141 BFX tokens? Since I live in the US and the trading of them will be limited for me, are they just there to remind me of my folly? Cheesy

I believe that the PR guy has said that US customer will be able to withdraw them. I suspect that this will allow for OTC trading of them and possibly trading of them on other exchanges.

Who is going to want these tokens?

What is backing them if it isn't the Bitcoin network?

Seems like a long shot for bitfinex to try this hand waiving technique.

Bitfinex is launching its own e-currency with these tokens. Another illegal thing

Their clients must be VERY, VERY stupids to accept that till the end without trying to recover all their funds back by suing Bitfinex.

What's so strange is that the BTC media is OK with that. They don't say "Hey, Bitfinex is issuing uncovered shares even this company is not allowed to do that" or "Bitfinex is launching its own e-currency and it doesn't have a financial license" (even they need one for forex anyway)

)

The casinos do so they figure why can't they Roll Eyes

It is legal from their stand point. Embarrassed

LadangGalau

sr. member

Activity: 378

Merit: 250

EthBits

For another time, we can not say anything other than you should not keeping your precious bitcoins on vulnarable centralised platforms !

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: mayax on August 08, 2016, 07:33:49 AM

Quote from: smoothie on August 08, 2016, 04:59:35 AM

Quote from: Quickseller on August 07, 2016, 08:53:24 PM

Quote from: bones261 on August 07, 2016, 08:50:24 PM

What exactly am I supposed to do with my newly acquired 141 BFX tokens? Since I live in the US and the trading of them will be limited for me, are they just there to remind me of my folly? Cheesy

I believe that the PR guy has said that US customer will be able to withdraw them. I suspect that this will allow for OTC trading of them and possibly trading of them on other exchanges.

Who is going to want these tokens?

What is backing them if it isn't the Bitcoin network?

Seems like a long shot for bitfinex to try this hand waiving technique.

Bitfinex is launching its own e-currency with these tokens. Another illegal thing

Their clients must be VERY, VERY stupids to accept that till the end without trying to recover all their funds back by suing Bitfinex.

What's so strange is that the BTC media is OK with that. They don't say "Hey, Bitfinex is issuing uncovered shares even this company is not allowed to do that" or "Bitfinex is launching its own e-currency and it doesn't have a financial license" (even they need one for forex anyway)

)

THE CON: They want their customers to sell their BFX coins back to Bitfinex for fractions of pennies so that they can claim that is the debt instrument settlement going forward. They are trying to dupe their customers into accepting fractional pennies on the dollar for the debt that Bitfinex is holding given the hack.

hulla

hero member

Activity: 1834

Merit: 566

Quote from: wikenpp on August 04, 2016, 04:56:56 PM

Quote from: mayax on August 04, 2016, 04:53:57 PM

the loss is 60 mil usd and not 10 mil. usd.

60 mil is a huge amount for anybody. Bitfinex is an illegal company. They will not cover this amount. Their clients lost the funds. Yes, Bitfinex has money in their bank accounts but these money are for theirself Grin

With bitfinex you hever now if there was actually an hack. They are notorious for their price manipulation and close of the market when there is a lot of price action with bitcoin.
I do hope they find a solution ,but at this moment it is hard to say what will happen with the customer funds. Which makes it such a terrible event.

Since the problem with bitfinex is involve with insider job, we can not decide if it is really a hacker work and in the mean time we will what really is the cause of the problem. I just felt sorry for people that have fund there or is any there news about what they will do for them?

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: smoothie on August 08, 2016, 04:59:35 AM

Quote from: Quickseller on August 07, 2016, 08:53:24 PM

Quote from: bones261 on August 07, 2016, 08:50:24 PM

What exactly am I supposed to do with my newly acquired 141 BFX tokens? Since I live in the US and the trading of them will be limited for me, are they just there to remind me of my folly? Cheesy

I believe that the PR guy has said that US customer will be able to withdraw them. I suspect that this will allow for OTC trading of them and possibly trading of them on other exchanges.

Who is going to want these tokens?

What is backing them if it isn't the Bitcoin network?

Seems like a long shot for bitfinex to try this hand waiving technique.

Bitfinex is launching its own e-currency with these tokens. Another illegal thing

Their clients must be VERY, VERY stupids to accept that till the end without trying to recover all their funds back by suing Bitfinex.

What's so strange is that the BTC media is OK with that. They don't say "Hey, Bitfinex is issuing uncovered shares even this company is not allowed to do that" or "Bitfinex is launching its own e-currency and it doesn't have a financial license" (even they need one for forex anyway)

)

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: Quickseller on August 07, 2016, 08:53:24 PM

Quote from: bones261 on August 07, 2016, 08:50:24 PM

What exactly am I supposed to do with my newly acquired 141 BFX tokens? Since I live in the US and the trading of them will be limited for me, are they just there to remind me of my folly? Cheesy

I believe that the PR guy has said that US customer will be able to withdraw them. I suspect that this will allow for OTC trading of them and possibly trading of them on other exchanges.

Who is going to want these tokens?

What is backing them if it isn't the Bitcoin network?

Seems like a long shot for bitfinex to try this hand waiving technique.

Sharma

legendary

Activity: 1092

Merit: 1000

GATCOIN : The New Currency Of Digital Marketing

Quote from: starmman on August 08, 2016, 04:26:29 AM

Quote from: Sharma on August 08, 2016, 04:13:41 AM

Well, I haven't been on the forums for a while and now it seems like Bitfinex is taking away a portion of every user's coins on the site to pay for the damages caused.

Poor management.

At least they are mitigating the issue and being clear and honest about the situation - when Cryptsy was hacked BigVern covered up for as long as he could then disappeared, and nobody was refunded BTC. Most people in the community knew something was wrong and started withdrawing whatever they could - but some lost everything, of course things would have been much better if they had a larger store of BTC in cold storage. At least this is the fairest solution. For some traders - it may not take long to make 30% back.

Well, in my opinion issuing shares in an already broken company is no good compensation, for me anyways. Especially if it was an insider job, and was clearly the exchange's fault.

Just my 2 cents.

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: Sharma on August 08, 2016, 04:13:41 AM

Well, I haven't been on the forums for a while and now it seems like Bitfinex is taking away a portion of every user's coins on the site to pay for the damages caused.

Poor management.

At least they are mitigating the issue and being clear and honest about the situation - when Cryptsy was hacked BigVern covered up for as long as he could then disappeared, and nobody was refunded BTC. Most people in the community knew something was wrong and started withdrawing whatever they could - but some lost everything, of course things would have been much better if they had a larger store of BTC in cold storage. At least this is the fairest solution. For some traders - it may not take long to make 30% back.

Sharma

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Activity: 1092

Merit: 1000

GATCOIN : The New Currency Of Digital Marketing

Well, I haven't been on the forums for a while and now it seems like Bitfinex is taking away a portion of every user's coins on the site to pay for the damages caused.

Poor management.

Sergiorr101

full member

Activity: 137

Merit: 100

Quote from: mayax on August 02, 2016, 04:30:31 PM

This illegal exchanger (https://www.bitfinex.com/) is hacked. 120K BTC was stolen(aprox 60 mil USD) !

http://www.coindesk.com/bitfinex-shuts-down-customer-bitcoin-stolen/

It's so funny when they write "The theft is being reported to — and we are co-operating with — law enforcement." What law enforcement when YOU are running an illegal forex company(without licenses) ?!?! Grin

They are liars and morons and full of vanity(they know everything, they are beyond any problem, they are GODS)...This vanity brought down almost all the exchangers.

well that is very sad news for bitcoin as price of bitcoin fell by 100$ or such so that is quite bad, i hope bitcoin price won't fall even lower because of that actually

mayax

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Quote from: SvenBomvolen on August 07, 2016, 10:52:33 PM

I'm feel sorry for people who lost money. Situation is very confusing for me, why people used this exchanger if there is licensed one. Where we can find list of licensed exchangers?
I didn't start to trade, I'm just reading about that and this situation made me a bit worried. I would like to protect my money, and licensed exchangers probably have better security and maybe even some insurance in this kind of cases. Does anyone here trade on some licensed exchanger? Which one?

there are only few licensed exchangers because it's HARD. It involves a lot of money invested, staff, regulations and so on BUT the clients are protected. a licensed exchanger is insured because it's requested by law(it doesn't matter the country where they are incorporated).

a licensed company has external audits, the authorities control their procedures(KYC,AML, security, etc). it's not just a simple website.

the licensed companies are:

Gemini, Coinbase, Itbit, Circle, Bitstamp

SvenBomvolen

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I'm feel sorry for people who lost money. Situation is very confusing for me, why people used this exchanger if there is licensed one. Where we can find list of licensed exchangers?
I didn't start to trade, I'm just reading about that and this situation made me a bit worried. I would like to protect my money, and licensed exchangers probably have better security and maybe even some insurance in this kind of cases. Does anyone here trade on some licensed exchanger? Which one?

BlockEye

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Bounty Mngr & Article Writer https://goo.gl/p4Agsh

Quote from: CjMapope on August 07, 2016, 10:33:16 PM

o? no money was stolen? then wheres MY money? ;(

no but in all seriousness you may be right friend, sadly we will never know, find out, or recover imo ;(

wish they would atleast release the TXID's, even if just to those who lost money, one would think we have SOME kinda rights to ALTEAST that...

Coins maybe sent to mixers or some gambling site to launder by now. The security breach that happened last June may have been a dry run of what they are planning and claiming for another breach. It's very odd that you were hit already with a breach then 2 months later hit again by another breach.

CjMapope

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~Full-Time Minter since 2016~

Quote from: BTC Loading on August 07, 2016, 10:29:32 PM

Quote from: mayax on August 02, 2016, 04:30:31 PM

This illegal exchanger (https://www.bitfinex.com/) is hacked. 120K BTC was stolen(aprox 60 mil USD) !

http://www.coindesk.com/bitfinex-shuts-down-customer-bitcoin-stolen/

It's so funny when they write "The theft is being reported to — and we are co-operating with — law enforcement." What law enforcement when YOU are running an illegal forex company(without licenses) ?!?! Grin

They are liars and morons and full of vanity(they know everything, they are beyond any problem, they are GODS)...This vanity brought down almost all the exchangers.

THE ARE LIARS THAT IS AN INSIDE JOB NO MONEY WAS STOLEN

o? no money was stolen? then wheres MY money? ;(

no but in all seriousness you may be right friend, sadly we will never know, find out, or recover imo ;(

wish they would atleast release the TXID's, even if just to those who lost money, one would think we have SOME kinda rights to ALTEAST that...

BTC Loading

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Activity: 168

Merit: 100

if you believe you can succeed

Quote from: mayax on August 02, 2016, 04:30:31 PM

This illegal exchanger (https://www.bitfinex.com/) is hacked. 120K BTC was stolen(aprox 60 mil USD) !

http://www.coindesk.com/bitfinex-shuts-down-customer-bitcoin-stolen/

It's so funny when they write "The theft is being reported to — and we are co-operating with — law enforcement." What law enforcement when YOU are running an illegal forex company(without licenses) ?!?! Grin

They are liars and morons and full of vanity(they know everything, they are beyond any problem, they are GODS)...This vanity brought down almost all the exchangers.

THE ARE LIARS THAT IS AN INSIDE JOB NO MONEY WAS STOLEN

Topic: Bitfinex HACKED - funds stolen ! - page 14. (Read 32160 times)