Title says it all
Bitfinex. Will they cover the 65 million dollar BTC Theft or just fold?
You can comment here. But please take the Poll.
Myself I'd be shocked if they could cover a 65 million dollar btc loss. But the poll will tell here, so feel free to vote.
I would say that bitfinex needs just some time to see if they can find the stolen bitcoin
That isn't gonna happen. The coins haven't even moved, and if the hacker is smart, they won't move them until long after this debacle is done with. He won't be dumb enough to sell on exchanges, given how sophisticated the attack was.
Basically, we are hoping an investor swoops in and re-capitalizes the company. Bitfinex's owners won't like the offers they are receiving (probably in the range of $60mm for full ownership), which is why they are talking haircuts.
Next, we are hoping that owners give back significant profits to make a haircut less painful, while securing a plan to repay the debt over time. Hopefuly this would be accompanied by some level of investor recapitalization, to minimize the amount outstanding and thus, minimize the amount of potential litigants moving against them.
I don't want to see this end in bankruptcy. We've seen what happens with Gox. The bankruptcy industry will bleed the assets down to nothing over years, and at the end, customer depositors will be at the end of a long list of creditors. We will get nothing. That's if you could even find the Bitfinex owners and secure the remaining assets. Big if.
I'm just praying I get something back, and in the next few weeks -- not a few years from now from bankruptcy proceedings.
).
