Bitfinex HACKED - funds stolen ! - page 26.

dinofelis

hero member

Activity: 770

Merit: 629

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 most funny part is of course that, in as much as this was a real hack, and not an inside job, it was compliance with the law that rendered bitfinex vulnerable. Remember that the CFTC inflicted a fine onto bitfinex because they kept their customers' coins in cold wallets, which, according to the CFTC, was violating one or other stupid rule concerning the customer having power over their funds, so bitfinex was forced to keep everything in hot wallets, and implemented hence this multisig feature which was apparently abused.

We see again the efficiency of state and law in screwing up working systems they don't like.

goinmerry

legendary

Activity: 2940

Merit: 1083

I see a lot of people in rage and one is here. Grin

I hope it will all be cleaned up and pay what must be payed after that they could make a statement to what really happened.

ImHash

hero member

Activity: 924

Merit: 506

inside job.
inside job.
inside job.
when they see lots of coins sitting around of course they grab them all and run.
you throw a piece of juicy meat in front of a cat a hungry one and expect the cat not to jump on it, nature is nature man.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: philipma1957 on August 03, 2016, 08:44:52 PM

Quote from: mitache365 on August 03, 2016, 07:08:00 PM

We are currently in an ongoing process of restoring limited functionality in a secure environment, with full functionality coming afterwards in progressive stages. The first step is bringing the site online and allowing users to login and view the state of their accounts. Note that initially trading, deposits, withdrawals, and other core site functionality will be disabled.

To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled. Furthermore, in order to compute losses for relevant parties, settlement of all financed positions will occur in all accounts. Margin positions for all pairs will be settled and closed using the following prices, representing the midpoint of the bid and ask on August 2, 2016 at 18:00:00 UTC:

BTCUSD:   604.06000000
ETHUSD:   10.19050000
ETHBTC:   0.01689900
ETCUSD:   2.83700000
ETCBTC:   0.00471495
LTCUSD:   3.75180000
LTCBTC:   0.00621295
Further announcements about the next steps of the relaunch will be posted as progress is made. All significant changes to feature availability will be announced in advance. We will strive to keep you as informed as we can.

The Bitfinex Team

Would love to see my account.

I should get some eth coin back since some was idol in my deposit address.

My funds were not very high in the first place.

Not claiming I know the future, but these statements remind me of previous hacks/thefts where there was supposed to be liquidation of funds then that never materialized.

smoothie

legendary

Activity: 2492

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LEALANA Bitcoin Grim Reaper

Quote from: Romanko on August 03, 2016, 08:07:55 PM

This guy also has his opinion about what happened:
https://steemit.com/news/@r0achtheunsavory/bitfinex-is-lying-about-the-hack-and-i-can-tell-you-exactly-what-likely-happened

I love the following quote as it shows he knows 100% what he is talking about:

Quote

Another obvious reason they've been insolvent for a long time is, a guy I know...

Perhaps the rest of his post is pretty accurate, can't stand that statement of "I know a guy" or "a guy I know"....what on the interwebz??

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: mitache365 on August 03, 2016, 07:08:00 PM

We are currently in an ongoing process of restoring limited functionality in a secure environment, with full functionality coming afterwards in progressive stages. The first step is bringing the site online and allowing users to login and view the state of their accounts. Note that initially trading, deposits, withdrawals, and other core site functionality will be disabled.

To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled. Furthermore, in order to compute losses for relevant parties, settlement of all financed positions will occur in all accounts. Margin positions for all pairs will be settled and closed using the following prices, representing the midpoint of the bid and ask on August 2, 2016 at 18:00:00 UTC:

BTCUSD:   604.06000000
ETHUSD:   10.19050000
ETHBTC:   0.01689900
ETCUSD:   2.83700000
ETCBTC:   0.00471495
LTCUSD:   3.75180000
LTCBTC:   0.00621295
Further announcements about the next steps of the relaunch will be posted as progress is made. All significant changes to feature availability will be announced in advance. We will strive to keep you as informed as we can.

The Bitfinex Team

Would love to see my account.

I should get some eth coin back since some was idol in my deposit address.

My funds were not very high in the first place.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: danherbias07 on August 03, 2016, 08:18:33 PM

Quote from: mitache365 on August 03, 2016, 07:08:00 PM

We are currently in an ongoing process of restoring limited functionality in a secure environment, with full functionality coming afterwards in progressive stages. The first step is bringing the site online and allowing users to login and view the state of their accounts. Note that initially trading, deposits, withdrawals, and other core site functionality will be disabled.

To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled. Furthermore, in order to compute losses for relevant parties, settlement of all financed positions will occur in all accounts. Margin positions for all pairs will be settled and closed using the following prices, representing the midpoint of the bid and ask on August 2, 2016 at 18:00:00 UTC:

BTCUSD:   604.06000000
ETHUSD:   10.19050000
ETHBTC:   0.01689900
ETCUSD:   2.83700000
ETCBTC:   0.00471495
LTCUSD:   3.75180000
LTCBTC:   0.00621295
Further announcements about the next steps of the relaunch will be posted as progress is made. All significant changes to feature availability will be announced in advance. We will strive to keep you as informed as we can.

The Bitfinex Team

I think this is why it is getting back to its price. At least they are doing something. I thought it will be a hit and run. But the trust cannot be taken back. There is a stain now.

What exactly of substance are they doing differently than say MtGox?

Until actions materialize it is all talk.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: Doms on August 03, 2016, 08:18:40 PM

It is a good sign to see the price recover a bit. It shows that there's still a good amount of trust in bitcoin. Good thing for me that I bought a few yesterday. Let us just hope that this hacking incident can be minimized, if not eliminated altogether.

Then you are one of the reason it is going up. You bought bitcoin and demands are up. We are the reason. Seeing the price is too low a lot of us bought and look we are now profiting from it.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: techfm86 on August 03, 2016, 05:23:05 PM

Terrible situation. It seems that there are no safe places these days.

Wrong.

Cold storage (offline wallets) = SAFE

Doms

hero member

Activity: 714

Merit: 500

It is a good sign to see the price recover a bit. It shows that there's still a good amount of trust in bitcoin. Good thing for me that I bought a few yesterday. Let us just hope that this hacking incident can be minimized, if not eliminated altogether.

danherbias07

legendary

Activity: 3262

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: mitache365 on August 03, 2016, 07:08:00 PM

We are currently in an ongoing process of restoring limited functionality in a secure environment, with full functionality coming afterwards in progressive stages. The first step is bringing the site online and allowing users to login and view the state of their accounts. Note that initially trading, deposits, withdrawals, and other core site functionality will be disabled.

To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled. Furthermore, in order to compute losses for relevant parties, settlement of all financed positions will occur in all accounts. Margin positions for all pairs will be settled and closed using the following prices, representing the midpoint of the bid and ask on August 2, 2016 at 18:00:00 UTC:

BTCUSD:   604.06000000
ETHUSD:   10.19050000
ETHBTC:   0.01689900
ETCUSD:   2.83700000
ETCBTC:   0.00471495
LTCUSD:   3.75180000
LTCBTC:   0.00621295
Further announcements about the next steps of the relaunch will be posted as progress is made. All significant changes to feature availability will be announced in advance. We will strive to keep you as informed as we can.

The Bitfinex Team

I think this is why it is getting back to its price. At least they are doing something. I thought it will be a hit and run. But the trust cannot be taken back. There is a stain now.

Romanko

sr. member

Activity: 325

Merit: 250

This guy also has his opinion about what happened:
https://steemit.com/news/@r0achtheunsavory/bitfinex-is-lying-about-the-hack-and-i-can-tell-you-exactly-what-likely-happened

Megaquake

hero member

Activity: 630

Merit: 506

This article should be relevant to the current situation regarding Bitgo wallets and their security lol.

https://news.bitcoin.com/frmr-us-mint-director-bitcoin-retirement/

nmtrader100

newbie

Activity: 51

Merit: 0

Multiple lawsuits coming. If they think they can just spread the losses and continue business as usual, I have a bridge to sell them in China.

shinratensei_

legendary

Activity: 3276

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Leading Crypto Sports Betting & Casino Platform

Quote from: Das on August 03, 2016, 05:27:42 PM

Wow! I am surprised at the sharp recovery. It was $520 about five hours ago, I guess people have recovered quickly from the shock of bifinex getting hacked.

Okay, and it's good recovery and who the people is buying the bitcoin at the price is lower than $540 or in $520 i sure the earning the profit, I'm feeling bad I'm not buying bitcoin in $520 Undecided

mitache365

hero member

Activity: 732

Merit: 500

We are currently in an ongoing process of restoring limited functionality in a secure environment, with full functionality coming afterwards in progressive stages. The first step is bringing the site online and allowing users to login and view the state of their accounts. Note that initially trading, deposits, withdrawals, and other core site functionality will be disabled.

To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled. Furthermore, in order to compute losses for relevant parties, settlement of all financed positions will occur in all accounts. Margin positions for all pairs will be settled and closed using the following prices, representing the midpoint of the bid and ask on August 2, 2016 at 18:00:00 UTC:

BTCUSD:   604.06000000
ETHUSD:   10.19050000
ETHBTC:   0.01689900
ETCUSD:   2.83700000
ETCBTC:   0.00471495
LTCUSD:   3.75180000
LTCBTC:   0.00621295
Further announcements about the next steps of the relaunch will be posted as progress is made. All significant changes to feature availability will be announced in advance. We will strive to keep you as informed as we can.

The Bitfinex Team

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: ShrykeZ on August 03, 2016, 06:44:53 PM

Bitcoin will recover, sad that this keeps on happening...

Yeah, I think the price of bitcoin will be back after the case of bitfinex resolved or at least there is a solution of the case. Because it is possible bitfinex will be closed forever and this of course will deepen bitcoin prices. But I hope it does not happen.

ShrykeZ

hero member

Activity: 630

Merit: 500

Bitcoin will recover, sad that this keeps on happening...

airsounds

full member

Activity: 237

Merit: 250

Quote from: elena-tur on August 03, 2016, 05:24:01 PM

Quote from: bitcoincar on August 03, 2016, 05:19:28 PM

BTC price is recovering nicely, back over 570. I was expecting it to take a few weeks to recover.

This makes me happy. The truth is I've always been optimistic about the outcome Bitcoin rating in August. This month shall return the old price. We wait.

im also always optimistic about the price, i think that the price is going to be growing a lot in the future, i hope that bitfinex hack will be soon forgotten

InvoKing

legendary

Activity: 2142

Merit: 1065

✋(▀Ĺ̯ ▀-͠ )

Quote from: elena-tur on August 03, 2016, 05:24:01 PM

Quote from: bitcoincar on August 03, 2016, 05:19:28 PM

BTC price is recovering nicely, back over 570. I was expecting it to take a few weeks to recover.

This makes me happy. The truth is I've always been optimistic about the outcome Bitcoin rating in August. This month shall return the old price. We wait.

Not before solving the bitfinex issue and any move could have a big impact in the price by now... Hope it will not decrease more than that... Sad

Topic: Bitfinex HACKED - funds stolen ! - page 26. (Read 32160 times)