definitely they are NOT hacked.
they dont have customer's deposits. that's why they are closed.
my guess is they lost them on margin trading or dodgy trading of some sort. Either way, once the tide goes out, they can't pay so they invent a "hack".
It has been quite clear Bitfinex is a massive fraud from the beginning. Anyone who didn't believe that is now finding out the truth.
TLDR;
No hack. Just fraud. Either way, if you are a customer, your money is gone.
Topic: Bitfinex.com HACKED ?? - page 2. (Read 3757 times)
So bitfinex pulled gox on us.
They first manipulated the price from 450 to 650 and now they dump like there is no tomorrow. This will be the final nail on bitcoin's coffin.
I guess that recent price rise had nothing to do with the halving.
They first manipulated the price from 450 to 650 and now they dump like there is no tomorrow. This will be the final nail on bitcoin's coffin.
I guess that recent price rise had nothing to do with the halving.
Well, NOW they're hacked. 
Perhaps they were noticing something suspicious when the exchange halted its trading engine in the previous times. And right now they are hacked. Coincidence?
Well, NOW they're hacked.
This is why centralized exchanges are ripe for failure.
Bitfinex is up again. Trading will Start from 2:00 UTC
Expecting the recovery in the price
Expecting the recovery in the price
Whew didn't able to make such moves before the price really hits the dipping point today. My minimizing the loss method has been wrecked for the first time. No choice but to hold again. Im still on profits with the current price today but it's even more if only I able to sold before the site have been down.
I heard rumors that the bitfinex has been hacked which resulted in these panic sales
Its still a rumor for me until bitfinex confirms. What do you think guys ?
Its still a rumor for me until bitfinex confirms. What do you think guys ?
They didn't say anything about hacking for the moment :
Quote
Investigating - We have elected to take the site down due to network instability within our datacenter. We are working with our hosting provider to get the issue solved and will continue to update this page.
Source : https://bitfinex.statuspage.io/
I think bitifinex has something to do with bitcoin price. price straight away jumped from 642$ to 682$ just now after the updates from bitifinex. maybe we can hope for more increase. everyone stay calm and be ready for a big jump.
Bitfinex is up again. Trading will Start from 2:00 UTC
Expecting the recovery in the price
Expecting the recovery in the price
Instead of believing FUD spreaded to make the price even tank further, people should have a look at the twitter messages coming from Bitfinex. It's just a matter of hours before at most before Bitfinex is up and running again.
There has been news like this about before, https://www.reddit.com/r/BitcoinMarkets/comments/2t3iz5/bitfinex_cso_phillip_g_potter_admits_to_trading/
So what if they have sold big amounts of bitcoins when price was high and now they are intentionally trying to cause panic sell to drop the price so they can buy back?
So what if they have sold big amounts of bitcoins when price was high and now they are intentionally trying to cause panic sell to drop the price so they can buy back?
Bitfinex update
We believe that internal networking issues between our servers have been resolved, allowing us to reliably run the backend systems, including the trading engine. External connectivity issues remain, however, which may result intermittent unresponsiveness as our hosting provider continues to work on the problem. We will bring the system back up once again to allow people to cancel open orders for a period of 15 minutes before accepting new orders for matching.
u/zanetackett Several questions:
If price sharply drops due to thin order depth (but bounce soon) after resuming, and hit my liq. price, will the liquidation be executed?
How can I deposit more BTC into my account to lower my liq. price at present?
If such liquidation happens, how will you compensate your customers?
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[–]zanetackett 1 point 7 minutes ago
We are not going to liquidate anyone until the market stabilizes. We aren't going to dump liquidations on the market.
Your existing addresses are still fine to deposit to. Deposit to trading wallet and that would effectively lower your liquidation price.
Refer to point one.
We believe that internal networking issues between our servers have been resolved, allowing us to reliably run the backend systems, including the trading engine. External connectivity issues remain, however, which may result intermittent unresponsiveness as our hosting provider continues to work on the problem. We will bring the system back up once again to allow people to cancel open orders for a period of 15 minutes before accepting new orders for matching.
u/zanetackett Several questions:
If price sharply drops due to thin order depth (but bounce soon) after resuming, and hit my liq. price, will the liquidation be executed?
How can I deposit more BTC into my account to lower my liq. price at present?
If such liquidation happens, how will you compensate your customers?
permalinkembedsavereportgive goldreply
[–]zanetackett 1 point 7 minutes ago
We are not going to liquidate anyone until the market stabilizes. We aren't going to dump liquidations on the market.
Your existing addresses are still fine to deposit to. Deposit to trading wallet and that would effectively lower your liquidation price.
Refer to point one.
In my opinion , ETH actions drained from bitfinex causing this issue and BTC is not involving this issue.
Buy more BTC when the price is low
Waiting and see the bitfinex news
Buy more BTC when the price is low
Waiting and see the bitfinex news
I am not sure it is drained.
I also can see that at least one of the hotwallett is almost empty, and there were some big transactions today. But it also could be a panic cashout. For example an attacker wouldn't cashout to poloniex coldwallet.
In my opinion , ETH actions drained from bitfinex causing this issue and BTC is not involving this issue.
Buy more BTC when the price is low
Waiting and see the bitfinex news
Buy more BTC when the price is low
Waiting and see the bitfinex news
When bitcoin exchanges are having long issues this is always a possibility, perhaps they're doing damage control for something significantly more serious than just a datacenter outage. You really have to expect all kinds of things form bitcoin exchanges no matter how trustworthy they are. Those that "panic sold" might end up being the wise ones ebcause they managed to do so while there still was liquidity for a decently high price. If Bitfinex end up Goxing people it'd be a major blow to the price.
Finex are about the least trustworthy western exchange that there is.
When bitcoin exchanges are having long issues this is always a possibility, perhaps they're doing damage control for something significantly more serious than just a datacenter outage. You really have to expect all kinds of things form bitcoin exchanges no matter how trustworthy they are. Those that "panic sold" might end up being the wise ones ebcause they managed to do so while there still was liquidity for a decently high price. If Bitfinex end up Goxing people it'd be a major blow to the price.
Finex are about the least trustworthy western exchange that there is.
Tweets by @Bitfinex
What's this segregated wallet ?
Anyone to verify ?
By the way, btc is pumping back. Will it fall again ?
Quote
Absolutely not true. Especially considering we don't have the hot wallet setup for btc anymore. We use segregated wallets
What's this segregated wallet ?
Quote
Any user can verify their funds on the blockchain at any time.
Anyone to verify ?
By the way, btc is pumping back. Will it fall again ?
Even they're not hacked, i'm sure this indecent results some losses to traders who want to do their trading activity.
I think this could hurt their reputation and people might use other exchange site in future.
I think this could hurt their reputation and people might use other exchange site in future.
When bitcoin exchanges are having long issues this is always a possibility, perhaps they're doing damage control for something significantly more serious than just a datacenter outage. You really have to expect all kinds of things form bitcoin exchanges no matter how trustworthy they are. Those that "panic sold" might end up being the wise ones ebcause they managed to do so while there still was liquidity for a decently high price. If Bitfinex end up Goxing people it'd be a major blow to the price.
stop FUD
https://twitter.com/bitfinex
https://twitter.com/bitfinex
Quote
We are not confident in the network stability of our datacenter so we have elected to take trading down for the time being.
Check out the USD and BTC swap movements reported on BFXdata.com, shortly before they shut down for 'maintenance'.
https://bfxdata.com/swaphistory/totals
I have USD sitting on Finex.....and I am not feeling comfortable with that at all.
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