Author

Topic: CFTC investigation into Bitfinex is really bizzare (Read 625 times)

legendary
Activity: 2058
Merit: 1431
legendary
Activity: 1596
Merit: 1027
wow... another one bites the dust. This could mean the end of Bitfinex. It's time to withdraw all of my coins from there before its too late. My advice to you guys is to do the same
sr. member
Activity: 412
Merit: 250
What the hell!!! This is not good news.

I have a lot of LTC and also some BTC in there. Should I be worried?
full member
Activity: 210
Merit: 100
Is that legal for them to just hand over private keys like that?
legendary
Activity: 1344
Merit: 1000
The Man can be hard to beat, when they come knocking you better have your shit in order....... Roll Eyes



Im still not sure wat their offence was it dosnt

actually say, a Bitfinex rep should be clarifying

things here
hero member
Activity: 1092
Merit: 520
The Man can be hard to beat, when they come knocking you better have your shit in order....... Roll Eyes
legendary
Activity: 1344
Merit: 1000
How does one actually lend BTC off exchange to someone to trade

leveraged accounts, wouldn't the leverage accounts be on the

Bitfinex exchange anyway  Huh

A leveraged black market account lol

And Bitfinex got outplayed trying to scam

someone then couldn't pay up
legendary
Activity: 1722
Merit: 1000
legendary
Activity: 1120
Merit: 1007
CryptoTalk.Org - Get Paid for every Post!
Handing over private key for exchanger addresses, that will be so much mesh up for bitfinex. How they gonna do so? I think exchanger store all of their coin in their hot wallet rather than indivisual deposit address.
legendary
Activity: 1456
Merit: 1004
Bitfinex should say thanks that FBI didn't close their - website/freeze their accounts-  because they are dealing with US citizens without having a financial license in USA "Smiley
legendary
Activity: 1344
Merit: 1000
they have said Bifenex must hand over the private keys

it's is not possible that the case has a precedent and seems

to imply if u where trading any commodity that u should

receive the actual commodity in advance of trading it  Huh

What could have caused the CFTC to open a case like this

except customers not being able to withdraw their profits

it may just be a case of saving face for Bitfinex who

could have suffered a liquidity shortage and took

more than 28 days to deliver a Bitcoin withdrawal.
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