Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 272. (Read 723903 times)

UPDATE

Just to clear up things, it's better to repeat what has already been stated earlier today:

1) No coins were stolen.
2) No money was moved.
3) Our servers are safe.
4) Nobody broke into our system.
5) We use cold wallets and only a very tiny portion of our total is kept in the hot wallet.
6) The malicious trader was only able to by some coins on margin but his positions were then reversed
7) All the trades that took place before 3 a.m. GMT today were neither effected nor reversed.

We resumed trading 3 hours ago and now all is working fine, the glitch has been corrected and apart for some people that tried to take advantage of the abnormal situation the very vast majority of our customers behaved brilliantly.

Let me once more reiterate that I believe Bitfinex is a community and its people should behave accordingly and not try to take advantage on each others when things are clearly showing dysfunctional numbers.
Few people understand that if they are able to buy a coin for half price is the other part of the trade and not Bitfinex that loses something.

We will always protect customers getting exploited in their leveraged positions by market manipulators.

We surely had better days, but we emerge from this difficult event with the consciousness of having made the right thing.

Have a good day you all and thanks a lot for your support

Giancarlo
Bitfinex Team

 

Sorry for being a little sarcastic, maybe I just had a bad day.
Or maybe it's just me.....

Have a good day

Giancarlo
Bitfinex Team

I am completely speechless. Binfinex has STOLEN over $5,500 in USD and 240 LTC from my account. I was short leading up to the incident last night and able to close my position well before the wild swings began. This is the kind of dip that many of us have been waiting for and Bitfinex decides to arbitrarily cancel all trades?  The hacker story makes a nice excuse, but there was a legitimate sell off that got exacerbated by margin calls. That's why I here to begin with, to use the leverage. I've been a loyal user on this exchange and there was no refund for me when I was long 1,500 LTC before things got ugly back in December. Why should it be acceptable for me to fund those losses when the Bitfinex LTC exchange printed a .0001 back then? That was Bitfinex's mistake just as much as allowing someone to hack the website, if that is indeed what happened.  I will be closing my account and taking any and all legal actions available. I suspect there is more to the story and I intend to find out what it is. Ultimately, it's this type of thievery and abuse that will prevent this exchange from being viable in the future, and it is an example of why crypto in general is suspect. In not honoring the legitimate trades and standing by it's users Bitfinex has lost all credibility and in my opinion is no better than the hackers.

Hello Giancarlo and Raphael,

I was trading as usual last night when I noticed strange things happening with Bitfinex, everything got messed up, e.g. I bought 100 LTC two times and the commission was 7.5 BTC for both trades! It completely wiped out my trading account and put it into a negative zone (please see the screenshot attached). After reading the discussion on [Suspicious link removed] I realized that something was seriously broken. Therefore, please take a look into my account and restore to the previous state. I can see now that you have removed any positions I had in margin trading (they highly were profitable) and removed the negative balance on my trading account which is fine as I understand that the system simply broke and all trades are invalid. So my trading wallet balance is now $0 and 0 BTC. Before the Bitfinex malfunction it was $50 and 2.5054837 BTC (as you can see in the history as of late Feb. 5 -- I'm located in the US Eastern Time zone). Please take a look into this.

Best regards,
digitalfan

CC: Bitfinex support email.

http://www.image-share.com/upload/2427/249.png

Interesting. But to be fair, the poster at reddit doesn't mention Bitfinex specifically, so there is the chance that it was another exchange that was exploited. It could even be Gox that was exploited! (maybe that would explain why they are not allowing BTC withdrawals! They are upgrading their security so it doesn't happen again!  )

But I think Bitfinex's issue was different, it seems actually trading and borrowing was required for the exploiters to make money. Also try withdrawing 100 BTC from Bitfinex and you'll have to wait for it to be processed manually. While a 100 BTC withdrawal from Gox would likely be automatic (before they stopped BTC withdrawals).

Maybe Giancarlo can clarify whether it was Bitfinex that was contacted about this issue, if not it was probably Gox.

What is the status on withdrawals? Mine has gone from pending approval, to processing, back to pending approval the last few hours.

so many newbies spitting nice words, most of them at their first message.....
after I ask for their username they all disappear like snow in the sun....
can you please PM your username to me so that I can check your position?

Thanks

Giancarlo
Bitfinex Team