Topic: Bitfinex HACKED - funds stolen ! - page 30. (Read 32179 times)
exactly... $100 down
I saw a picture and a reference to 700k or 120k BTC being hacked - can anyone corroborate?
120000 BTC
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
It's been said a lot but probably not enough -
NEVER KEEP ANY SIGNIFICANT AMOUNT OF BTC AT AN EXCHANGE
NEVER KEEP ANY SIGNIFICANT AMOUNT OF BTC AT AN EXCHANGE
Now it seems to be NO Exchanges can trust
Everything goneeeee 
It's been said a lot but probably not enough -
NEVER KEEP ANY SIGNIFICANT AMOUNT OF BTC AT AN EXCHANGE
NEVER KEEP ANY SIGNIFICANT AMOUNT OF BTC AT AN EXCHANGE
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. A minute ago was a report about the BitFinex hack on CNN Live International.
Expect some major media shitstorm the next coming days guys!
The mainstream media will not ignore this desaster.
Expect some major media shitstorm the next coming days guys!
The mainstream media will not ignore this desaster.
very important is that BitFinex should come up with an good explanation of the event ASAP. until now it is an inside job for me because they used multisig with BitGo.
they denied this thing. they said "it was an "external" hack".
as for "We've stated several times that our Bitgo implementation removed hot/cold wallet as every user had their own wallet." - if this is true, say BYE to your funds
Bitfinex will wash their hand, packed the money they have in their bank accouunts and "hasta la vista, baby" 
A minute ago was a report about the BitFinex hack on CNN Live International.
Expect some major media shitstorm the next coming days guys!
The mainstream media will not ignore this desaster.
Expect some major media shitstorm the next coming days guys!
The mainstream media will not ignore this desaster.
very important is that BitFinex should come up with an good explanation of the event ASAP. until now it is an inside job for me because they used multisig with BitGo.
Well im not too sure about that. Quoted from their twitter reply:
Quote
We've stated several times that our Bitgo implementation removed hot/cold wallet as every user had their own wallet.
https://twitter.com/bitfinex/with_replies
A minute ago was a report about the BitFinex hack on CNN Live International.
Expect some major media shitstorm the next coming days guys!
The mainstream media will not ignore this desaster.
Expect some major media shitstorm the next coming days guys!
The mainstream media will not ignore this desaster.
very important is that BitFinex should come up with an good explanation of the event ASAP. until now it is an inside job for me because they used multisig with BitGo.
A minute ago was a report about the BitFinex hack on CNN Live International.
Expect some major media shitstorm the next coming days guys!
The mainstream media will not ignore this desaster.
Expect some major media shitstorm the next coming days guys!
The mainstream media will not ignore this desaster.
Soo this were the big new that damage the bitcoin price soo fast, i believe the coins are being dropped already, why would the market react to a bad management of an exchange, thanks i dont use them, just yobit and poloniex the best exchanges i know.
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
We suffered the 2nd biggest theft in the history of bitcoin just because these bastard refused to use cold wallets?
So because it is CUSTOMER segregated wallets so each user has their OWN bitcoin wallet that means they likely will just WALK from any responsiblity for this
in that it is likely stated in their terms of service someplace all funds in your above OWN wallet is at your own risk.
Hell with that kinda out...they probably walked off with the funds themselves....multisig wallets my ass..they never multisig'd anything or the funds would be there
it's nice to earn.... 60 millions overnight, right?
split in 4-5 = aprox 12 mil usd each Bitfinex's member + the amount from their bank accounts...not bad at all. you can live a great life anywhere with these money without doing anything all your life excepting parties, women, travels
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
We suffered the 2nd biggest theft in the history of bitcoin just because these bastard refused to use cold wallets?
So because it is CUSTOMER segregated wallets so each user has their OWN bitcoin wallet that means they likely will just WALK from any responsiblity for this
in that it is likely stated in their terms of service someplace all funds in your above OWN wallet is at your own risk.
Hell with that kinda out...they probably walked off with the funds themselves....multisig wallets my ass..they never multisig'd anything or the funds would be there
i agree totally with that! Isnt it everytime and everywhere the same problem with ppl.
Someone gives them a bit the power of sth and they start to be greedy as hell.
Noone is really happy with what he has.
Someone gives them a bit the power of sth and they start to be greedy as hell.
Noone is really happy with what he has.
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
We suffered the 2nd biggest theft in the history of bitcoin just because these bastard refused to use cold wallets?
Let's face it, none of these "exchanges" are secure, because they are run by people. People are greedy, it is nature. Most people have figured out by now that these companies don't get "hacked", they get a greedy employee or even owner who decides that they stand to gain far more than they can possibly lose when the average law officer barely knows how to use a keyboard let alone mine Bitcoin transaction data. And so we see the same pattern repeat itself; missing BTC, weeks offline, suddenly the owners disappear into a wall of a shame, yeah right - in the Caribbean somewhere. That's why the price tanks, because so long after Mtgox people are still relying on centralized exchanges where this happens time and time again. These "hacks" tend to come in waves also, as all great thieves realise that any diversion is an opportunity, so having your BTC on any exchange right now is folly.
+1maybe inside job! let's wait for more explanation from them.
Let's face it, none of these "exchanges" are secure, because they are run by people. People are greedy, it is nature. Most people have figured out by now that these companies don't get "hacked", they get a greedy employee or even owner who decides that they stand to gain far more than they can possibly lose when the average law officer barely knows how to use a keyboard let alone mine Bitcoin transaction data. And so we see the same pattern repeat itself; missing BTC, weeks offline, suddenly the owners disappear into a wall of a shame, yeah right - in the Caribbean somewhere. That's why the price tanks, because so long after Mtgox people are still relying on centralized exchanges where this happens time and time again. These "hacks" tend to come in waves also, as all great thieves realise that any diversion is an opportunity, so having your BTC on any exchange right now is folly.
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
I even didn't hear about such online exchanger as Bitfinex. But it's is just crazy. That shows that every online exchanger is not saved. But from where you found that this site is illegal? Must be exactly cause of that bitcoin fell down yesterday.
Jump to: