Bitfinex HACKED - funds stolen ! - page 36.

shinratensei_

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: jpdorn on August 02, 2016, 05:44:42 PM

Its just me or this title has a subliminar message, see : Bitfinex HACKED- fun
Cheesy

btw, the question is, why people still use third-partie to hold their btc, as btc has a strong/significant feature for it, and was designed for remove third-partie dependency.JESUS

Lol, in my minds it's a trading site and it's normal for people saving some of their amount in bitfinex, maybe they are very believing with bitfinex and now, the answer to what is the future of bitfinex is answered. more than 110000 btc is lost.

topiOleg

full member

Activity: 174

Merit: 100

Quote from: mayax on August 02, 2016, 06:42:05 PM

that means the so called "decentralization", libertarian shit, hipsterism and so on.

without rules (using non licensed exchangers), it's wild west.

You might stop the FUD? Becase decentralization means not using the centralized services, let alone holding Bitoins there... You might look at development progress of some decentralized exchanges, instead of blindly using of the centralized ones and complaining when their funds gets "hacked" (or requesting government regulation).

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: btckold24 on August 02, 2016, 06:36:36 PM

Its the wild west out there people Angry

its the main reason i cant get most my friends and family to take it seriously. Its all stories like this of companies folding /
stealing / or being hacked

that means the so called "decentralization", libertarian shit, hipsterism and so on.

without rules (using non licensed exchangers), it's wild west.

btckold24

sr. member

Activity: 434

Merit: 250

★Bitvest.io★ Play Plinko or Invest!

Its the wild west out there people Angry

its the main reason i cant get most my friends and family to take it seriously. Its all stories like this of companies folding /
stealing / or being hacked

DOGE12321

sr. member

Activity: 378

Merit: 250

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

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 liars and morons...

No wonder the price of Bitcoin just went down. Sad

I think the price is known now. Around 60 million. At least I am not affected. Good time to buy BTC too.

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: philiveyjr on August 02, 2016, 06:21:34 PM

Quote from: mayax on August 02, 2016, 06:08:09 PM

Quote from: philiveyjr on August 02, 2016, 06:04:58 PM

Quote from: mayax on August 02, 2016, 06:01:12 PM

Update,

the funds stolen are 119,756 btc. that means aprox 60 millions USD

Do you think that Bitfinex will cover this amount and it will business as usual?

Definitely not. They only earn on trading fees. I was surprised to even see bitstamp make it back after being hacked for 18K bitcoins. 120K bitcoins is not covereable in any manner. They don't even have assets to continue.

Bitstamp has some investors as backup and 5 MIL are not like 60 MIL USD. Bitfinex is alone and even they have 60 mil, they will never cover this loss. They will close the website and they will live their life without any headaches with the money they earned until now.

I know bitfinex is alone and not insured, however there is still a possibility the fault lies with bitgo from where the funds were stolen. Bitgo unlike bitfinex is insured, but I am not sure how this will all play out. The insurance MIGHT come into play if it happens to be bitgo's fault.

I am not sure if this will calm down someone who has a lot of money in Bitfinex's shit platform

Wait for another 4-5 hours until China will wake up...The price will drop substantially.

philiveyjr

legendary

Activity: 840

Merit: 1000

Quote from: mayax on August 02, 2016, 06:08:09 PM

Quote from: philiveyjr on August 02, 2016, 06:04:58 PM

Quote from: mayax on August 02, 2016, 06:01:12 PM

Update,

the funds stolen are 119,756 btc. that means aprox 60 millions USD

Do you think that Bitfinex will cover this amount and it will business as usual?

Definitely not. They only earn on trading fees. I was surprised to even see bitstamp make it back after being hacked for 18K bitcoins. 120K bitcoins is not covereable in any manner. They don't even have assets to continue.

Bitstamp has some investors as backup and 5 MIL are not like 60 MIL USD. Bitfinex is alone and even they have 60 mil, they will never cover this loss. They will close the website and they will live their life without any headaches with the money they earned until now.

I know bitfinex is alone and not insured, however there is still a possibility the fault lies with bitgo from where the funds were stolen. Bitgo unlike bitfinex is insured, but I am not sure how this will all play out. The insurance MIGHT come into play if it happens to be bitgo's fault.

Cryptopher

legendary

Activity: 1789

Merit: 1008

Keep it dense, yeah?

There are some significant dumps occurring on various exchanges, order book is looking very thin.

Ugh, I'm glad that I'm not holding any coin at the moment.

The Sceptical Chymist

legendary

Activity: 3556

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Quote from: vodaljepa on August 02, 2016, 05:02:34 PM

Same old shit, different day

Yeah, no kidding!

So is this probably why we've seen a drop in price? Is someone selling for fiat in large amounts, i.e., with the hacked funds?

It is the same thing, different day. This whole "I got hacked" story is threadbare at this point. When are these scunts going to learn?

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: philiveyjr on August 02, 2016, 06:04:58 PM

Quote from: mayax on August 02, 2016, 06:01:12 PM

Update,

the funds stolen are 119,756 btc. that means aprox 60 millions USD

Do you think that Bitfinex will cover this amount and it will business as usual?

Definitely not. They only earn on trading fees. I was surprised to even see bitstamp make it back after being hacked for 18K bitcoins. 120K bitcoins is not covereable in any manner. They don't even have assets to continue.

Bitstamp has some investors as backup and 5 MIL are not like 60 MIL USD. Bitfinex is alone and even they have 60 mil, they will never cover this loss. They will close the website and they will live their life without any headaches with the money they earned until now.

Tinfoilwhale

member

Activity: 78

Merit: 10

Everyone knew it could happen. Sorry for everyone involved.

60 mio sounds very close to the DAO thing. Not tinfoil, but currently certain happenings are just very close.

philiveyjr

legendary

Activity: 840

Merit: 1000

Quote from: mayax on August 02, 2016, 06:01:12 PM

Update,

the funds stolen are 119,756 btc. that means aprox 60 millions USD

Do you think that Bitfinex will cover this amount and it will business as usual?

Definitely not. They only earn on trading fees. I was surprised to even see bitstamp make it back after being hacked for 18K bitcoins. 120K bitcoins is not covereable in any manner. They don't even have assets to continue.

g_d

newbie

Activity: 52

Merit: 0

Quote from: mayax on August 02, 2016, 06:01:12 PM

Update,

the funds stolen are 119,756 btc. that means aprox 60 millions USD

Do you think that Bitfinex will cover this amount and it will business as usual?

I am so F****D! Cry

mayax

legendary

Activity: 1470

Merit: 1004

Update,

the funds stolen are 119,756 btc. that means aprox 60 millions USD

Do you think that Bitfinex will cover this amount and it will business as usual?

leigh2k14

legendary

Activity: 1288

Merit: 1000

Centralized exchanges have and always will be the weak point in crypto.

Time for blocknet!!

philiveyjr

legendary

Activity: 840

Merit: 1000

Quote from: mayax on August 02, 2016, 05:48:00 PM

110,000 BTC ---- I would say "bye, bye Bitfinex". Nobody will cover this amount !

I would buy a ticket to China for tomorrow morning if I would be a Bitfinex's client

i warned about Bitfinex since 4-5 months ago (see my previous post about it) Roll Eyes

I am more curious about how it happened. Wasn't it on multisig ? How could both the keys have been compromised. The only reason I can think of that happening would be an inside job. Tomorrow will tell.

mayax

legendary

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110,000 BTC ---- I would say "bye, bye Bitfinex". Nobody will cover this amount !

I would buy a ticket to China for tomorrow morning if I would be a Bitfinex's client with an important amount. Bitfinex has money in banks.

i warned about Bitfinex since 4-5 months ago (see my previous post about it) Roll Eyes

philiveyjr

legendary

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Merit: 1000

It was just confirmed by zanet, the amount is around 119K BTC. Terrible loss for the bitcoin community. Lets hope something comes out of legal cases.

jpdorn

sr. member

Activity: 429

Merit: 259

Its just me or this title has a subliminar message, see : Bitfinex HACKED- fun
Cheesy

btw, the question is, why people still use third-partie to hold their btc, as btc has a strong/significant feature for it, and was designed for remove third-partie dependency.JESUS

leigh2k14

legendary

Activity: 1288

Merit: 1000

https://twitter.com/maraoz/status/760590406870507526

1% of BTC gone

Topic: Bitfinex HACKED - funds stolen ! - page 36. (Read 32179 times)