[Bitfinex Hacked] So , learned the lesson ? - page 3.

Dobmaster

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Activity: 464

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Quote from: OmegaStarScream on August 13, 2016, 01:56:44 AM

Quote from: a7mos on August 12, 2016, 06:55:39 PM

Quote from: CryptoBuddha on August 11, 2016, 07:55:55 PM

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 Sad

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.

OmegaStarScream

staff

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Quote from: a7mos on August 12, 2016, 06:55:39 PM

Quote from: CryptoBuddha on August 11, 2016, 07:55:55 PM

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 Sad

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)

a7mos

hero member

Activity: 574

Merit: 500

Quote from: CryptoBuddha on August 11, 2016, 07:55:55 PM

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 Sad

Doamader

hero member

Activity: 756

Merit: 501

Quote from: Herp on August 12, 2016, 05:34:51 PM

Quote from: kano on August 12, 2016, 05:18:55 PM

Quote from: Herp on August 09, 2016, 06:44:09 PM

Quote from: OmegaStarScream on August 09, 2016, 11:37:38 AM

Quote from: kano on August 09, 2016, 11:18:50 AM

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

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.

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.

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?

What happened with shapeshift, i dont know nothing related to those, did they got hacked as well? This is really insane i thinked they had reopen already with the all users loosing 35% their funds to balance the lost the hacked took.

TheButterZone

legendary

Activity: 3038

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RIP Mommy

Learned it years ago https://bitcointalksearch.org/topic/m.9122178

Herp

sr. member

Activity: 294

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Quote from: kano on August 12, 2016, 05:18:55 PM

Quote from: Herp on August 09, 2016, 06:44:09 PM

Quote from: OmegaStarScream on August 09, 2016, 11:37:38 AM

Quote from: kano on August 09, 2016, 11:18:50 AM

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

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.

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.

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?

kano

legendary

Activity: 4634

Merit: 1851

Linux since 1997 RedHat 4

Quote from: Herp on August 09, 2016, 06:44:09 PM

Quote from: OmegaStarScream on August 09, 2016, 11:37:38 AM

Quote from: kano on August 09, 2016, 11:18:50 AM

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

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.

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.

If that above quote is false, then it's still a scam them making that statement.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: CryptoBuddha on August 11, 2016, 07:55:55 PM

Just want to ask anyone who traded there - have they given back your coins after this mega-upgrade or just enabled new deposits?

the website doesn't seem to be working so I assume they didn't do anything yet otherwise people would've reported it already. ( check https://bitfinex.statuspage.io/ from time to time If you want some updates https://bitfinex.statuspage.io/ )

CryptoBuddha

full member

Activity: 233

Merit: 100

reality is what you think it is

Just want to ask anyone who traded there - have they given back your coins after this mega-upgrade or just enabled new deposits?

miayama

sr. member

Activity: 358

Merit: 250

Quote from: OmegaStarScream on August 11, 2016, 02:47:23 AM

Quote from: dserrano5 on August 11, 2016, 02:42:19 AM

Quote from: OmegaStarScream on August 11, 2016, 02:37:57 AM

(their servers/website are still down though ) :

May be down for you but yesterday there was trading from 16:00 UTC.

Since the hack, I was never able to visit their website personally but this sound pretty dumb If you ask me. I mean they should work on a final issue instead of bringing the website UP and taking it down each time.

The https://www.bitfinex.com/ is quite slow at the moment. Maybe it is under some kind of attack now.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: dserrano5 on August 11, 2016, 02:42:19 AM

Quote from: OmegaStarScream on August 11, 2016, 02:37:57 AM

(their servers/website are still down though ) :

May be down for you but yesterday there was trading from 16:00 UTC.

Since the hack, I was never able to visit their website personally but this sound pretty dumb If you ask me. I mean they should work on a final issue instead of bringing the website UP and taking it down each time.

dserrano5

legendary

Activity: 1974

Merit: 1030

Quote from: OmegaStarScream on August 11, 2016, 02:37:57 AM

(their servers/website are still down though ) :

May be down for you but yesterday there was trading from 16:00 UTC.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Here is another update about them (their servers/website are still down though ) :

Herp

sr. member

Activity: 294

Merit: 250

Quote from: OmegaStarScream on August 09, 2016, 11:37:38 AM

Quote from: kano on August 09, 2016, 11:18:50 AM

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

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.

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.

Sierra8561

sr. member

Activity: 546

Merit: 253

Quote from: JeffBrad12 on August 09, 2016, 01:45:55 AM

Quote from: Sierra8561 on August 06, 2016, 06:25:53 PM

I think the solution could be to have all incoming and outgoing transfers require 200 confirmations. That would give everyone time to stop the hack, once unusual activity is detected.

I don't think so, maybe you're wrong about that. you can try to send your amount to any address but after you sending your amount and not getting a confirmed maybe your amount is already disappearing and stay in the half of the road. and waiting for the confirmation and finishing into receiver address but the transaction system like an escrow.

Then have bitfinex put a 48 hour hold before processing any incoming or outgoing transaction.

Oppolee

sr. member

Activity: 263

Merit: 250

Quote from: ?? on ??

all traders will still leave their coins on exchanges

Perhaps you're right, that will only be to give priority to the exchanges, which do not mess your reputation.

Amph

legendary

Activity: 3248

Merit: 1070

i think trading should occur in the form of a forum, via the client(bitcoin core) itself, so no more exchange and directly with bitcoin, without third party software

it's stupid that a decentralized thing like bitcoin, still rotate around centralized things....

Herp

sr. member

Activity: 294

Merit: 250

It looks like they will release a new coin to compensate users.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: kano on August 09, 2016, 11:18:50 AM

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

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.

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.

angryswamp

sr. member

Activity: 268

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

i learnt that i should never trust any exchanges and not keep my money theres

Topic: [Bitfinex Hacked] So , learned the lesson ? - page 3. (Read 10601 times)