Topic: [Bitfinex Hacked] So , learned the lesson ? - page 2. (Read 10601 times)
Well i just have small ammount invested into some exchanges, but after those hack im scary to let my coins at exchanges as online wallets, soo its a shock to wake up and be loosing part of your capital to anyone. The thing is the people who trade need and must trust the exchange, soo the risk as the potencial earnings are together.
Once again , Bitfinex has been hacked and I just want to ask you people , have you learned the lesson yet ? I assume not otherwise you wouldn't keep your funds in an exchange (I'm not speaking with those who kept their bitcoin for short period of time , those accidents happens but I'm mostly speaking for those who had their bitcoins laying there for weeks/months)
I'm not trying to be rude or anything but for the last time , please ... please ! Just withdraw your funds from exchanges . I'm not sure what you got to lose here , this procedure will only secure your coins and make you safer.
I'm not trying to be rude or anything but for the last time , please ... please ! Just withdraw your funds from exchanges . I'm not sure what you got to lose here , this procedure will only secure your coins and make you safer.
yes you right, we should not keep more money on exchanger sites which is the risky one . Always exchange it in time and best is not keep complete money on exchange sites. Best is to convert it to fiat and use it for need.
sure..there is no need keeping money for so long on exchanger sites, cause it risky they can be break to into it..and the reason you got this in an exchanger sites, for use...so early usage of it will be save and not a loss...
I never seen this till now , I'm not sure If this existed before or after the hack but .. How ironic is this 
yeah, it is just their words, from now on i will never trust them because they are just liars that dont do what they should 
I never seen this till now , I'm not sure If this existed before or after the hack but .. How ironic is this
So secure that two weeks later, they don't even know how they got hacked! But who cares? Reopen anyway!
I bet everyone is racing to send their funds to these guys. Bad enough to reduce their entire bitcoin holdings to a hot wallet (hot key + remote API key) -- worse yet to reopen the site for deposits when they can't even ascertain the attack vector.
I never seen this till now , I'm not sure If this existed before or after the hack but .. How ironic is this
So secure that two weeks later, they don't even know how they got hacked! But who cares? Reopen anyway!
I bet everyone is racing to send their funds to these guys. Bad enough to reduce their entire bitcoin holdings to a hot wallet (hot key + remote API key) -- worse yet to reopen the site for deposits when they can't even ascertain the attack vector.
does people really deposit there anymore?
you have to be so ignorant of the facts to deposit on bitfinex now that they have been hacked and it was proven that they are incapable of security.
I never seen this till now , I'm not sure If this existed before or after the hack but .. How ironic is this
So secure that two weeks later, they don't even know how they got hacked! But who cares? Reopen anyway!
I bet everyone is racing to send their funds to these guys. Bad enough to reduce their entire bitcoin holdings to a hot wallet (hot key + remote API key) -- worse yet to reopen the site for deposits when they can't even ascertain the attack vector.
I never seen this till now , I'm not sure If this existed before or after the hack but .. How ironic is this
I don't think anyone learned the lesson, especially since Bitfinex responded very swiftly with a quick refund to all of its members.
A quick refund of 64% of users' funds. Not what I think of as a "refund."
Given that BTC-E has now outperformed Bitfinex's volume for 3 days in a row, I'd say that there has been a massive exodus from Bitfinex. 60% of coins held by Bitfinex have now been withdrawn from the exchange. It's a ghost town.
And damn right. You'd be crazy to keep funds on that criminal exchange.
I don't think anyone learned the lesson, especially since Bitfinex responded very swiftly with a quick refund to all of its members.
But I agree with you. It is a good habit to withdraw funds from exchanges, especially if you are using an illegal fund. I use Yobit.net and haven't had any problems yet, but since the Bitfinex incident, I have withdrawn most of my funds.
But I agree with you. It is a good habit to withdraw funds from exchanges, especially if you are using an illegal fund. I use Yobit.net and haven't had any problems yet, but since the Bitfinex incident, I have withdrawn most of my funds.
Just want to ask anyone who traded there - have they given back your coins after this mega-upgrade or just enabled new deposits?
i doubt that they will ever give the money back to the people that lost it, though i hope that in the future it is not going to happen againI think its time to go in other exchange site instead
you better say it is the time to stop trusting any exchange site and stop storing funds in them because every thing online is possibly can be hacked or scamed
Yes your right, every thing online can be hacked or scam, and it cannot be stop actually. I think the way to avoid that is if ever we invest in any exchange once we do trade and sell our coins and being sold if you/we think the amount is big withdraw it at once and leave a small amount of balance to make it grow again through trading.
Prior to the recent breach, Bitfinex was claiming that they were using secure cold storage and multisig. It's not like users didn't get a warning with Bitfinex's outages, unprofessionalism and previous breaches recently but this false advertising was so over the top.
As we can see for what happened in bitfinex it is a really big mistake to invest in to that exchange. They hype the community to invest more to their site company but the opposite is there's a big problem problem already. The issue that being exposed is they've been hacked for me but I think they're not, from the very start it's their planned it to deceived the community.
Just want to ask anyone who traded there - have they given back your coins after this mega-upgrade or just enabled new deposits?
i doubt that they will ever give the money back to the people that lost it, though i hope that in the future it is not going to happen againI think its time to go in other exchange site instead
you better say it is the time to stop trusting any exchange site and stop storing funds in them because every thing online is possibly can be hacked or scamed
Just want to ask anyone who traded there - have they given back your coins after this mega-upgrade or just enabled new deposits?
i doubt that they will ever give the money back to the people that lost it, though i hope that in the future it is not going to happen againI think its time to go in other exchange site instead
Just want to ask anyone who traded there - have they given back your coins after this mega-upgrade or just enabled new deposits?
i doubt that they will ever give the money back to the people that lost it, though i hope that in the future it is not going to happen again So, I've never actually been to the Bitfinex web site (or used it)
I found another pool STILL has links to them on their web site, so I clicked and had a look.
Wow are they delusional still saying this on the web site:
https://www.bitfinex.com/security_policy
I found another pool STILL has links to them on their web site, so I clicked and had a look.
Wow are they delusional still saying this on the web site:
https://www.bitfinex.com/security_policy
Quote
Security of user information and funds is our first priority.
Every detail is analyzed to avoid security holes. We pride ourselves on being the most secure Bitcoin exchange.
Every detail is analyzed to avoid security holes. We pride ourselves on being the most secure Bitcoin exchange.
Security is their priority ? any Security expert should know that almost everything online is hackable. The fact that they didn't use Cold storage to store most of the funds means that they don't really give a damn.
That was certainly quite weird. Their wallet system was a hot mess.
So I guess that Bitfinex themselves is actually all a scam, since th web site (still) says this:
Quote
Why is this method superior to the traditional pooled funds method of cold storage?
The use of this model, where each customer has a separate set of keys and wallets, allows for a much greater level of granularity at which multi-institutional security can be provided. Whilst in the past BitGo would have to treat a pooled wallet as a single unit, per-customer policies can now be enforced. Further, since we now enforce multi-institutional second factor authentication (Bitfinex will be the first factor and BitGo the second factor), attackers are required to compromise both institutions before getting funds.
i.e. both BitGo and Bitfinex had to BOTH be compromised according to their (current) web site.The use of this model, where each customer has a separate set of keys and wallets, allows for a much greater level of granularity at which multi-institutional security can be provided. Whilst in the past BitGo would have to treat a pooled wallet as a single unit, per-customer policies can now be enforced. Further, since we now enforce multi-institutional second factor authentication (Bitfinex will be the first factor and BitGo the second factor), attackers are required to compromise both institutions before getting funds.
If that above quote is false, then it's still a scam them making that statement.
That's an interesting point. Think it's an inside job just like the Shapeshift hack?
of course, it is
I'm testing each day and the website is still not working for me , anyone is having the same issue ? I'm having the default error message from Chrome when a website is down.
It was never down for me. Ok, they halted the service, but I received their page saying so. The day that trading was reenabled there were some outages but I got a bitfinex page saying so, "Please try again later". Never down. Now margin trading is back and I have my short again.
I'm trying since yesterday like each 15mn all the day but the shit is just not working , the weird thing is that It's showing everything correctly on their page on statuspage.io : https://bitfinex.statuspage.io/ , I tried to reboot my modem (I thought they blocked my IP for one reason or another) , my IP changed but I still can't access the website so I just don't understand.
If they are going up and down maybe they are still having some technical issues.
Was there ever any information as to how they were breached? Was it some sort of vulnerability in their website?
I don't know much about how exchanges work, but I presume there is a php backend for the site that connects to a database like SQL so you have a lot of security work to do to secure all that infrastructure.
Was there ever any information as to how they were breached? Was it some sort of vulnerability in their website?
I don't know much about how exchanges work, but I presume there is a php backend for the site that connects to a database like SQL so you have a lot of security work to do to secure all that infrastructure.
I'm testing each day and the website is still not working for me , anyone is having the same issue ? I'm having the default error message from Chrome when a website is down.
It was never down for me. Ok, they halted the service, but I received their page saying so. The day that trading was reenabled there were some outages but I got a bitfinex page saying so, "Please try again later". Never down. Now margin trading is back and I have my short again.
Just want to ask anyone who traded there - have they given back your coins after this mega-upgrade or just enabled new deposits?
withdrawing is working fine . I tested it yesterday and It is completed within 30 minutes after I confirmed the request.
but there is still a loss which is 36% of the old funds
You are using the website without issues ? how come I'm unable to connect to the website (not the account , but the website isn't even working)
The website did not work yesterday. But it is working now. I heard many people are withdrawing from the exchange.
I'm testing each day and the website is still not working for me , anyone is having the same issue ? I'm having the default error message from Chrome when a website is down.
Quote
This site can’t be reached
www.bitfinex.com took too long to respond.
Try:
Checking the connection
Checking the proxy and the firewall
ERR_CONNECTION_TIMED_OUT
www.bitfinex.com took too long to respond.
Try:
Checking the connection
Checking the proxy and the firewall
ERR_CONNECTION_TIMED_OUT
Just want to ask anyone who traded there - have they given back your coins after this mega-upgrade or just enabled new deposits?
withdrawing is working fine . I tested it yesterday and It is completed within 30 minutes after I confirmed the request.
but there is still a loss which is 36% of the old funds
You are using the website without issues ? how come I'm unable to connect to the website (not the account , but the website isn't even working)
The website did not work yesterday. But it is working now. I heard many people are withdrawing from the exchange.
more than 65% from their clients already withdrew their funds from Bitfinex. Bitfinex platform will become a ghost shortly.
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