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Topic: Bitfinex HACKED - funds stolen ! - page 29. (Read 32179 times)

legendary
Activity: 1134
Merit: 1599
August 03, 2016, 07:49:38 AM
What if the owners themselves orchestrated all this thing? They've got a database of +119kBTC. That meant over $70m at the time of the theft. How hard is it to orchestrate this? Just pretend a hacker stole all BTC from your website, send the +119kBTC funds to your secondary wallet, make a fake page saying that 'they're trying to investigate this' while the owners are laughing behind the scenes, with tens of millions. As laws do not exist for BTC.. why not? Perfect method for them.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
August 03, 2016, 07:42:24 AM
Guys I've found some slack group they are preparing some kind of petition, you can find them here - bitpetition.herokuapp.com

Quote
We, the undersigned customers as the main creditors of the cryptocurrency trading platform bitfinex.com, demand to immediately provide all the information about the state of affairs on the exchange.
Also, we strongly expect bitfinex.com to present the confirmation of the damage, and the conditions and timetable for the return of customer funds. We require that this process and all the actions of the platform were open and transparent.
We are willing to contribute in any possible way to recover the funds and hope for the best resolution for all parties. However, in case of failure to meet these demands, we will file a class action lawsuit against bitfinex.com.

Sounds reasonable to me

Give me my money back or I'm telling mom. Yeah, that's gonna work. LOL

There's a ghost haunting my house. I think I'll sue him for damages in ghost court. People are so stupid. ROFL
legendary
Activity: 3248
Merit: 1070
August 03, 2016, 07:25:12 AM

obviously over dumped because of fud and panic selling, it will recover in no time you will see
hero member
Activity: 762
Merit: 500
August 03, 2016, 07:23:05 AM
Breaking news, Bitfinex discovers method to reverse the natural price increase related to the Bitcoin reward drop. Next massive price increase scheduled in four years. Film at 11:00.

bitcoin classic? Ticker symbol: BTCC 
hero member
Activity: 732
Merit: 500
August 03, 2016, 07:19:09 AM
Whats going on with long ETC positions?? I never had any bitcoins at bitfinex! Deposited ETC and longed them at BTC/ETC market!
hero member
Activity: 1134
Merit: 502
August 03, 2016, 07:15:14 AM
How stupid is this service or exchanger did they really keeped 120K bitcoins ONLINE? Why not use hardware wallets or paperwallets for a such high sum of money i got the feeling they just try to run away and steal money

Answer from Bitfinex:

We don't use cold storage for bitcoin, since our implementation with bitgo we've used segregated customer wallets so that each user has their own bitcoin wallet.  


So, no cold wallet, no reserves, no nothing. Speachless   LOL

Of course, it doesn't say about their bank account where all their cash is stored Smiley
That is plain stupid.
sr. member
Activity: 332
Merit: 250
August 03, 2016, 07:03:50 AM
Guys I've found some slack group they are preparing some kind of petition, you can find them here - bitpetition.herokuapp.com

Quote
We, the undersigned customers as the main creditors of the cryptocurrency trading platform bitfinex.com, demand to immediately provide all the information about the state of affairs on the exchange.
Also, we strongly expect bitfinex.com to present the confirmation of the damage, and the conditions and timetable for the return of customer funds. We require that this process and all the actions of the platform were open and transparent.
We are willing to contribute in any possible way to recover the funds and hope for the best resolution for all parties. However, in case of failure to meet these demands, we will file a class action lawsuit against bitfinex.com.

Sounds reasonable to me
hero member
Activity: 602
Merit: 501
August 03, 2016, 06:55:22 AM
Breaking news, Bitfinex discovers method to reverse the natural price increase related to the Bitcoin reward drop. Next massive price increase scheduled in four years. Film at 11:00.

Tickets on sale yet?

legendary
Activity: 3430
Merit: 1142
Ιntergalactic Conciliator
August 03, 2016, 06:51:12 AM
the low prices always creates great opportunities
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
August 03, 2016, 06:49:56 AM
Breaking news, Bitfinex discovers method to reverse the natural price increase related to the Bitcoin reward drop. Next massive price increase scheduled in four years. Film at 11:00.
sr. member
Activity: 242
Merit: 250
August 03, 2016, 06:49:10 AM
funny how $60 million stolen can wipe of a over a billion of the marketcap.
balls in the mouth of the hacker and all wanna be hackers fucking with my shit.
hero member
Activity: 994
Merit: 544
August 03, 2016, 06:46:37 AM
they probably walked off with the funds themselves....multisig wallets my ass..they never multisig'd anything or the funds would be there
I don't think so. I very much doubt Bitfinex is directly responsible, because indeed they never used multisig - BitGo did, and they did it in a ludicrously negligent way. BitGo (claims they) can't access the user's private keys, but they do control the browser-based signing code the users run. BitGo (or anyone who has access to their servers) can serve malicious code to steal the client's keys, giving them the 2 of 3 keys needed to steal the money. This would also explain why some user's wallets haven't been touched - they can only steal from users who logged in using the malicious code. I'll bet you bitcoins to blueberries that's how it went down.

Bitgo no safe as they using 3rd party

This is a bad news to bitcoin community not only it will bring bad publicity but also fear to newbies and to potential bitcoin users.

This will lead to the price decrease as consumers will shift to other cryptocurrency due to that alarming event.

With this regard let us all make some move to promote bitcoin to non users to increase the bitcoin population and put bitcoins value back to where it was at 700$.
legendary
Activity: 3542
Merit: 1352
August 03, 2016, 06:44:34 AM
Is Bitfinex planning to pay their customers? I have been looking around online but I see no mention of them paying back their customers. This is unacceptable. They should go after the hacker, sell assets to pay customer funds and he charged of tort law. I am sure they will be found negligent in one way or another. They are like a bank holding customer funds. Their security should be excellent.

Well, just like any other exchanges claiming to be 'hacked', of course they will release a statement in a few hours on how are they going to approach the scenario. And yes, they would be charged based on their negligence in terms of security on their platform. And surely, many users who were affected by the hack would file lawsuits and complaints towards the company.

A hack like this should be very unlikely in the current times, seeing that many hacks have already took place on the previous years. They should have learned a valuable lesson in terms of security and such.
newbie
Activity: 43
Merit: 0
August 03, 2016, 06:43:58 AM
This illegal exchanger (https://www.bitfinex.com/) is hacked. Funds are stolen. Their value is unknown.

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 liers and morons...

In the coindesk article it is mentioned that some of their users have had their bitcoins stolen which means that not users are affected? I have a feeling that because of the bitfinex shutdown the bitcoin price has dropped to $555 currently and with this trend the price is going to fall probably to $400 very soon.

How much we need a free and trusted exchange
legendary
Activity: 2898
Merit: 1823
August 03, 2016, 06:36:16 AM
Is Bitfinex planning to pay their customers? I have been looking around online but I see no mention of them paying back their customers. This is unacceptable. They should go after the hacker, sell assets to pay customer funds and he charged of tort law. I am sure they will be found negligent in one way or another. They are like a bank holding customer funds. Their security should be excellent.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
August 03, 2016, 06:32:56 AM
This is very bad what's happening today, bitcoin price drops down.

Bitcoin is very good for trading but as you see, it's distinguish feature from other type of currencies is that it's anonym and hard to find sender and reciever's identify. It's both very good and very bad property of bitcoin. The person who has much bitcoin and is mining it's half or over, can control it's price but I hope bitcoin's price will go higher in one month.
hero member
Activity: 546
Merit: 500
August 03, 2016, 06:30:24 AM

People are worried they might dump on an exchange so the prices moves down by tons.  It wont happen though, my guess is a deal will be made, hacker gets to keep a %.
sr. member
Activity: 495
Merit: 250
August 03, 2016, 06:21:01 AM
How stupid is this service or exchanger did they really keeped 120K bitcoins ONLINE? Why not use hardware wallets or paperwallets for a such high sum of money i got the feeling they just try to run away and steal money

Answer from Bitfinex:

We don't use cold storage for bitcoin, since our implementation with bitgo we've used segregated customer wallets so that each user has their own bitcoin wallet.  


So, no cold wallet, no reserves, no nothing. Speachless   LOL

Of course, it doesn't say about their bank account where all their cash is stored Smiley

That sucks big time. It's ok to keep separate wallets for each user, but what's the point if all of them are online? If the system gets compromised, all online wallets can be drained. Most deposits should be kept in cold wallets with a strict personalized access.



Hot wallets are always danger
sr. member
Activity: 495
Merit: 250
August 03, 2016, 06:19:40 AM
And fuck this shit! Everytime bitcoin tries to go up a shitty exchange goes down taking the price down. Fuck fuck fuck!

Bitcoin halved and definitely solo miners may remove from the mining
hero member
Activity: 591
Merit: 501
Scavenger of Crypto Sorrow
August 03, 2016, 06:19:13 AM
How stupid is this service or exchanger did they really keeped 120K bitcoins ONLINE? Why not use hardware wallets or paperwallets for a such high sum of money i got the feeling they just try to run away and steal money

Answer from Bitfinex:

We don't use cold storage for bitcoin, since our implementation with bitgo we've used segregated customer wallets so that each user has their own bitcoin wallet.  


So, no cold wallet, no reserves, no nothing. Speachless   LOL

Of course, it doesn't say about their bank account where all their cash is stored Smiley

That sucks big time. It's ok to keep separate wallets for each user, but what's the point if all of them are online? If the system gets compromised, all online wallets can be drained. Most deposits should be kept in cold wallets with a strict personalized access.
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