eventually bitcoin will be controlled by usa gov't
money laundering running rampant with and feds will get involved
money laundering running rampant with and feds will get involved
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Here we go
Bitcoin exchange Bitfinex apparently loses $63 million to hackers
A digital currency exchange in Hong Kong has suspended trading after a security breach in which thieves made off with an apparent $63 million worth of bitcoin.
The exchange, Bitfinex, reported the intrusion on Tuesday and said it was working with law enforcement.
“We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen,” the exchange said.
Its statement doesn't say how many bitcoins are missing, but Zane Tackett, the site's director of community and product development, said on Reddit that the losses stand at 119,756 bitcoins. Bitfinex didn't immediately respond to a request to confirm that figure.
A bitcoin was trading at $527.25 at the time of this report, although the price was falling as news of the hack spread.
Bitfinex is used to trade other digital currencies too, including ether and litecoin, but the site says only bitcoins were affected.
“As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach,” the exchange said.
“We will look at various options to address customer losses later in the investigation.”
It's not the first exchange to have lost money in a breach this year. In April, Shapeshift was hacked in what it said later was an inside job. A month later, Gatecoin was reportedly hacked to the tune of about $2 million.
Those incidents were dwarfed by the collapse of Tokyo-based Mt. Gox two years ago, which shut down after losing bitcoins valued then at $474 million.
"We are going to keep the site down until we are 100 percent certain that the site is secure and that is safe to bring everything back online," Tackett said Tuesday on Reddit, where he was frantically answering questions from users.
Now I'm going to wait for bag holders to show up and tell me that this is just another isolated event
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Sasha i pass on bitcoinComment -
I see talk about rolling back transactions until before the breach.
Thought the whole idea was that that was impossible..Comment -
pro mining contributing to the extended dump skinComment -
its already back up to 550Comment -
Good info Russian Rocket!
Crazy how it's moving today!Comment -
Nothin new here move alongComment -
Russian Rocket is a bitcoin expert so just pay attention to what he says and be careful many do you like bitcoin which is coolComment -
may hit 700 tomorrowComment -
Russian should I sell and take a L while I can or hold?Comment -
Quanger ... no one on SBR knows
it would seem the worse is overComment -
its time to get in . buy and holdComment -
glad I did not panic yesterdayComment -
loaded a Nitro acct for today's action about 20 mins ago @ 548Comment -
In the Bitcoin forum.Comment -
Not that I believe it but one forecast I saw said short term forecast is 857 by tomorrow evening.
Fukk it, just bought 1 coin @571Comment -
Up over 100% over the last year. And it always goes up after a crash. Always!
In fact, a crash is just a good time to buy. Some people just can't get this through their heads.
Anyone who is reluctant to invest in bitcoin should look at the chart for the price of gold over the last 10 years. Very similar to the price of bitcoin. Things happen in the world of gold to cause it to crash but millions and millions of dollars are invested in that commodity every year.Comment -
Price of gold last 10 years:
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Goes up? Well obviously...but You still haven't recovered your losses from yesterday's crash.
And please don't compare trading coins to trading gold - it's laughable.
I don't see anyone logging in to commodities exchange and with a few mouse clicks sets enough panic to wipe out 15-20% of $GLD value.Comment
