IF THE BIZ WAS REGISTERED IN USA THE WILL NOT GO FREE
They are registered in Hong Kong, IIRC. Hong Kong's rules aren't as easy as America's so they could get off easily.
Topic: bitfinex WEBSITE BACK TO LIFE (Read 3070 times)
IF THE BIZ WAS REGISTERED IN USA THE WILL NOT GO FREE
They are registered in Hong Kong, IIRC. Hong Kong's rules aren't as easy as America's so they could get off easily.
"Security
We pride ourselves on being the most secure bitcoin exchange."
Copied from bitfinex.
Funny We pride ourselves on being the most secure bitcoin exchange."
Copied from bitfinex.
, if there are the most secure bitcoin exchange,how about others? If they got hacked the other exchanger too, and sounds crazy, but it's good idea to give back the lost even its not full , but it will help from the people who lost there money.There’s a fancy alternative plan where Bitfinex says, one customer held BTC (now gone) and other customer held USD (still there), so we’re going to give 36% of customer's USD to the one held btc. So the one used to own BTC, now owns USD. This requires no external trades, which is nice. Unfortunately it’s otherwise pretty crazy.
"Security
We pride ourselves on being the most secure bitcoin exchange."
Copied from bitfinex.
Funny We pride ourselves on being the most secure bitcoin exchange."
Copied from bitfinex.
, if there are the most secure bitcoin exchange,how about others? If they got hacked the other exchanger too, and sounds crazy, but it's good idea to give back the lost even its not full , but it will help from the people who lost there money. 
I can't decide to buy the tokens they created or not. They are selling at a good discount, but who knows if they will pay off at all. The terms I have read says they are in no way required to make any payments on those, so why would they?
IDK, hard decision to make.
IDK, hard decision to make.
Well they are trying to cover their losses with all the other coins and some fiat holders as well, if you divide the loss into many diversified investments yes your loss becomes less but that means even tough they will be able to cover some of the coins back it will still hurt the innocent altcoin and fiat holders , I do agree that they found a way at least and thats a good thing but not sure if the way they found is the correct way.
I still feel worried after his hacking incident bitfinex. The incident eliminate a lot of dreams traders. they lose all the money they have. This is a nightmare so heavy.
yes it's true most people will very worried to save their bitcoin into bitfinex because this exchange aren't safe any longer and now for their reputation they must built again their trust from users and prove that These incident will not repeat again however i was wondering that what about users funds are they talking about refunds or not
If you have an account there check you balance now--do the refund you?
every company so-posed to have a backup of funds saved in the bank so to refund to customers if anything goes wrong (ESPECIALLY A FINANCIAL COMPANY)
IF THE BIZ WAS REGISTERED IN USA THE WILL NOT GO FREE
every company so-posed to have a backup of funds saved in the bank so to refund to customers if anything goes wrong (ESPECIALLY A FINANCIAL COMPANY)
IF THE BIZ WAS REGISTERED IN USA THE WILL NOT GO FREE
This is some great news.Hope that the bitcoin price will increase.
Although, i don`t expect bitfinex to refund their customers.They don`t have that money.
I don`t have a bitfinex balance so i don`t care anyway.
I still feel worried after his hacking incident bitfinex. The incident eliminate a lot of dreams traders. they lose all the money they have. This is a nightmare so heavy.
I think this will be a big hit to trading volumes/liquidity. This is the second time the largest USD exchange has gone down to a hack. The risk/reward for many traders was worth it, but I imagine this will weigh heavily on that risk/reward analysis. For many, it won't be worth it anymore. Also, no good options left for US margin traders. So yeah, I think this will be bad for BTC/crypto trading generally.
After checking all the things with Bitfinex, I am sure the hack is done by insiders. And they not satisfy with that theft and want 36% of all members balance.
The investigation need to be start against Bitfinex.
The investigation need to be start against Bitfinex.
if you can see or if you can visit this website where bitfines asking to user to help link : http://satoshibonus.blogspot.com/2016/08/bitfinex-share-loss.html and this is maybe for those who invested big amount they're trying to negotiate with them and if they bankrupt i think they going to force close there business or if they keep running the website or if they keep live the website they need a sponsor
the sponsors will be the IDIOTS who will continue to use the scam website, Bitfinex
This attempt trying to be fair with all their users makes they loose several costumers along the changes, before bitfinex there were other hacker attempt(with suceess) and after that all should know they need to invest deeply into security, isnt any new issue.
I still feel worried after his hacking incident bitfinex. The incident eliminate a lot of dreams traders. they lose all the money they have. This is a nightmare so heavy.
yeah your right. its a disaster for all traders out there. i just hope that the other trading sites would be much more secure than before after this incident happenned.. its not only for them but for all the traders who are earning from them.
I still feel worried after his hacking incident bitfinex. The incident eliminate a lot of dreams traders. they lose all the money they have. This is a nightmare so heavy.
It's not pure a hacking in my minds. Well, the recovering of the bitfinex is really fast and what about that? Their member is yet apart from the depressed by bitfinex give for them. and they wanna come back again with another nightmare. 
I still feel worried after his hacking incident bitfinex. The incident eliminate a lot of dreams traders. they lose all the money they have. This is a nightmare so heavy.
yeah im worried about my money so i just dont put any bitcoins on an exchange right now in order for it not to be stolen like it was with bitfinex, thankfully i didnt have bitcoins there 
I still feel worried after his hacking incident bitfinex. The incident eliminate a lot of dreams traders. they lose all the money they have. This is a nightmare so heavy.
If you want to spend a btc most of the time you need to turn it into cash. You need an exchange .
And btc won't fork to stop a big theft.
So even if you keep a hundred coins on your safe client every exchange to cash involves a risk.
And that is completely to fault of btc. Since as shown by eth and etc a large theft can be stopped.
The only people that's a flaw for is people who keep bitcoins or any other cryptocurrency on an exchange. It's been said a million times but let's say it again just for the hell of it:
All exchanges will get hacked. There's no telling when. Also don't use online wallets for the same reasons. It may seem like common sense to most of us but for some reason people (obviously mostly newbies) keep money on these shady sites. I don't care how legitimate a site is. Will you insure up to $100,000 in bitcoins if your funds get stolen? No? Then you're a shady piece of shit company. Go to hell. More people need to have that mentality but who cares, if you lost money then you clearly haven't read up on bitcoin history. If you did read up and thought it wouldn't happen to you, you're even more naive.
To me it sounds like an exchange that answers to no one decided to just steal 30%+ of it's customers deposits and replace it with a made up garbage coin and an iou. Likely no hack ever occurred for real.
Nice, no regulation you say, now you pay for it! Bitcoin has it's flaws, huge one's and this a perfect example. You either want regulation or you don't but you cannot have your way and feel the gov. or authorities owe you something as well.
Nice, no regulation you say, now you pay for it! Bitcoin has it's flaws, huge one's and this a perfect example. You either want regulation or you don't but you cannot have your way and feel the gov. or authorities owe you something as well.
How is that a flaw in Bitcoin?
If you want to spend a btc most of the time you need to turn it into cash. You need an exchange .
And btc won't fork to stop a big theft.
So even if you keep a hundred coins on your safe client every exchange to cash involves a risk.
And that is completely to fault of btc. Since as shown by eth and etc a large theft can be stopped.
There are few exchangers who got it. They paid a lot of money, insurance, compliance, they hired staff, rent, lawyers,audits and so on. The other ones like Bitfinex, Kraken, BTC-e do not own anything even the legislation from their countries requires that. Is it fair? I guess not....
out of all of your list of requirements.. there is only one thing that is actually consumer protection orientated. i made it bold
all the other stuff is internally created by the company and submitted to the regulators who just sit on it until they hear a complaint. and then only look backwards.
im not saying bitfinex kraken or btc-e are any worse or better... im saying as a whole.. people should care less about regulations which is 90% paperwork to hinder usage and only 10% consumer protection.
bitcoin businesses should definitely concentrate on the consumer protection side more then the paperwork hindering side.
once you yourself realise the details of regulations you to would laugh at the whole licence things. and instead prefer businesses protect their customers first, because regulations are not about protecting customers first.. once you actually read into it
Bitgo is supposed to have insurance to protect against everything, including hacks. It's removed a blog page about its great insurance since the Bitfinex hack. What's the point of having insurance if it doesn't pay for what it's supposed to pay for?
yap bitfinex dot com on again
but is balance client customer I heard and be informed, that they bitcoin balance is reduced by about 36%
not good information but not bad because balance not all gone
its nice to see that at least something is happening, though it is sad that people will have suffer all the losses just because the site wasnt safe enough but is balance client customer I heard and be informed, that they bitcoin balance is reduced by about 36%
not good information but not bad because balance not all gone
There are few exchangers who got it. They paid a lot of money, insurance, compliance, they hired staff, rent, lawyers,audits and so on. The other ones like Bitfinex, Kraken, BTC-e do not own anything even the legislation from their countries requires that. Is it fair? I guess not....
out of all of your list of requirements.. there is only one thing that is actually consumer protection orientated. i made it bold
all the other stuff is internally created by the company and submitted to the regulators who just sit on it until they hear a complaint. and then only look backwards.
im not saying bitfinex kraken or btc-e are any worse or better... im saying as a whole.. people should care less about regulations which is 90% paperwork to hinder usage and only 10% consumer protection.
bitcoin businesses should definitely concentrate on the consumer protection side more then the paperwork hindering side.
once you yourself realise the details of regulations you to would laugh at the whole licence things. and instead prefer businesses protect their customers first, because regulations are not about protecting customers first.. once you actually read into it
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