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Topic: Bitfinex.com HACKED ?? (Read 3720 times)

hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
August 03, 2016, 12:26:44 AM
#47
It's not really safe to keep those Bitcoins in an exchange, that has been said over and over but there are people who keeps them there and it just tempting for the site owners if they see a lot of zeros stored in their. Not blaming anyone here but lets not give them the reason to run away with our coins. Even the good guys will turn their back when they see an opportunity to earn easy money and remain anonymous.

You can't blame them. How can you do such trades if you will regularly pullouting your funds. An active trader needs to put all his trading funds in an exchange so that they won't be late when there is a price rally.

For storage that's not an option but for a regular traders it's a must.


Well that is actually right you must have funds all the time so you can easily do trades whenever your coins are flactuating and if you regularly pulling it out well i think you cannot earn money with it and might you will lose or miss the pump and dump, and theirs nothing wrong on having a balance on exchangers the very wrong thing happened their is if you make it your wallet and stored all your bitcoins their and that thing might compromise us if the exchanger get hack just like what happen now in bitfinix
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
August 03, 2016, 12:08:48 AM
#46
It's not really safe to keep those Bitcoins in an exchange, that has been said over and over but there are people who keeps them there and it just tempting for the site owners if they see a lot of zeros stored in their. Not blaming anyone here but lets not give them the reason to run away with our coins. Even the good guys will turn their back when they see an opportunity to earn easy money and remain anonymous.

You can't blame them. How can you do such trades if you will regularly pullouting your funds. An active trader needs to put all his trading funds in an exchange so that they won't be late when there is a price rally.

For storage that's not an option but for a regular traders it's a must.
legendary
Activity: 1708
Merit: 1003
August 03, 2016, 12:05:03 AM
#45
It's not really safe to keep those Bitcoins in an exchange, that has been said over and over but there are people who keeps them there and it just tempting for the site owners if they see a lot of zeros stored in their. Not blaming anyone here but lets not give them the reason to run away with our coins. Even the good guys will turn their back when they see an opportunity to earn easy money and remain anonymous.
legendary
Activity: 1692
Merit: 1018
August 02, 2016, 09:55:36 PM
#44
I withdrew my bitcoins from Bitfinex over a year ago.  There's something just so uncomfortable about leaving a decentralized currency in the hands of a couple of people who can either be hacked, or 'hack' themselves and run off with the coins.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
August 02, 2016, 08:41:51 PM
#43
119,765 BTC stolen

tchoh....the market will absorb that no bother......barely a fraction of the BTC that the miners have hoarded for dumping in the widely touted$1K + post Halving Event prices.

The market will just absorb 1% of the entire supply being stolen as if it didn't happen? I highly doubt it, maybe in Unicorn Land... Though that's where many people here seem to live anyway.

Better get that sarcasm detector fixed Wink
legendary
Activity: 1937
Merit: 1001
August 02, 2016, 08:15:36 PM
#42
119,765 BTC stolen

tchoh....the market will absorb that no bother......barely a fraction of the BTC that the miners have hoarded for dumping in the widely touted$1K + post Halving Event prices.

The market will just absorb 1% of the entire supply being stolen as if it didn't happen? I highly doubt it, maybe in Unicorn Land... Though that's where many people here seem to live anyway.
hero member
Activity: 840
Merit: 1000
August 02, 2016, 08:13:24 PM
#41
119,765 BTC stolen

tchoh....the market will absorb that no bother......barely a fraction of the BTC that the miners have hoarded for dumping in the widely touted$1K + post Halving Event prices.
X7
legendary
Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
August 02, 2016, 07:58:21 PM
#40
119,765 BTC stolen
hero member
Activity: 840
Merit: 1000
August 02, 2016, 07:57:54 PM
#39
It is dying is it? lol and who do you think you're talking to, someone that has not been around the block and made a small fortune from Bitcoin 'dying'. I get ya and there is nothing to see here.

Hey...Bitcoin is currently trading at $37 above the miners break even point for running their mining farms, just after a $200 drop within 48 hours....

......everything wil be just fine, I am sure.



So, when Finex comes back online......DUMP or PUMP!?

Whatsitgonnabe?
legendary
Activity: 1937
Merit: 1001
August 02, 2016, 07:44:43 PM
#38
Bitfinex is up again. Trading will Start from 2:00 UTC
Expecting the recovery in the price

I guess you haven't been around long. Bitcoin has never 'recovered' just like that after such an event.

This is a complete clusterf*ck for the entire bitcoin economy and it's going to be a very close call whether or not the entire network will survive this.

Anyone believing this was a "hack" and not just another scam in the bitcoin world has lost his marbles.

hero member
Activity: 712
Merit: 500
August 02, 2016, 07:36:30 PM
#37
Bitcoin isn't dying, miners are.  Roll Eyes
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
August 02, 2016, 07:26:52 PM
#36
This will be the final nail on bitcoin's coffin.


Do you even understand what you are saying here? So you think Bitcoin is dead again now right?


Might not be dead, but it is dying.

It is dying is it? lol and who do you think you're talking to, someone that has not been around the block and made a small fortune from Bitcoin 'dying'. I get ya and there is nothing to see here.
legendary
Activity: 2394
Merit: 1412
Leading Crypto Sports Betting & Casino Platform
August 02, 2016, 07:21:06 PM
#35
Not much about the extent of the incident though, I guess that's why the price is dropping. People should really move away from this crappy exchange, this is a MtGox waiting to happen.

Too late.
Well you're right, at the moment I read:
Oh wait Is that an official account?
legendary
Activity: 2198
Merit: 1311
August 02, 2016, 07:19:45 PM
#34
Security breach and bitcoins stolen are confirmed by bitfinex in their post

http://blog.bitfinex.com/uncategorized/security-breach/

Not much about the extent of the incident though, I guess that's why the price is dropping. People should really move away from this crappy exchange, this is a MtGox waiting to happen.

IT is reckoned that around 120K BTC were stolen.

Yep. https://www.reddit.com/r/BitcoinMarkets/comments/4vtv1m/bitfinex_down_due_to_bitcoin_security_breach/d61oetn

Some things never change. And in this case, it's the things that will kill this experiment.
legendary
Activity: 2198
Merit: 1311
August 02, 2016, 07:18:14 PM
#33
This will be the final nail on bitcoin's coffin.


Do you even understand what you are saying here? So you think Bitcoin is dead again now right?


Might not be dead, but it is dying. There's just really no denying that anymore. It's not going to die overnight, it will be drawn out just like we're already observing. It'll take a few months for people to come to grips with the market impact of yet another devastating hack and theft, but we're going waaaaaay down...again. Sorry, folks. The idea is cool, but it just cannot work in practice.
hero member
Activity: 840
Merit: 1000
August 02, 2016, 07:18:02 PM
#32
Security breach and bitcoins stolen are confirmed by bitfinex in their post

http://blog.bitfinex.com/uncategorized/security-breach/

Not much about the extent of the incident though, I guess that's why the price is dropping. People should really move away from this crappy exchange, this is a MtGox waiting to happen.

IT is reckoned that around 120K BTC were stolen.
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
August 02, 2016, 07:14:14 PM
#31
This will be the final nail on bitcoin's coffin.


Do you even understand what you are saying here? So you think Bitcoin is dead again now right?
legendary
Activity: 2198
Merit: 1311
August 02, 2016, 07:12:59 PM
#30
Not much about the extent of the incident though, I guess that's why the price is dropping. People should really move away from this crappy exchange, this is a MtGox waiting to happen.

Too late.
legendary
Activity: 2394
Merit: 1412
Leading Crypto Sports Betting & Casino Platform
August 02, 2016, 07:08:59 PM
#29
Security breach and bitcoins stolen are confirmed by bitfinex in their post

http://blog.bitfinex.com/uncategorized/security-breach/

Not much about the extent of the incident though, I guess that's why the price is dropping. People should really move away from this crappy exchange, this is a MtGox waiting to happen.
newbie
Activity: 25
Merit: 0
August 02, 2016, 06:30:23 PM
#28
Perhaps they were noticing something suspicious when the exchange halted its trading engine in the previous times. And right now they are hacked. Coincidence?

It's an easy assertion to make, but of course correlation does not prove causation.
Nonetheless, NOW they're hacked. Undecided

And if *they* got hacked, with all the security layers they had in place, I really fear for the Bitcoin ecosystem. This is no MtGox rookie player.

It's one thing to assert the axiom that every system is hackable. But with digital money, if that means that every dollar in crypto is hackable, well that's not good for the use of said crypto.
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