what happens when bitcoin get stolen from these exchanges?

**Russian Rocket** · 08-02-16, 08:13 PM

gone as ...Gone Baby, Gone!

**jjgold** · 08-02-16, 08:17 PM

be careful do not let it sit

**manny24** · 08-02-16, 08:18 PM

stickfukked

**QuangX** · 08-02-16, 08:18 PM

Originally posted by jjgold

be careful do not let it sit

This is crazy....

**pavyracer** · 08-02-16, 08:30 PM

It's like asking what happens to your money if you have already paid the prostitute and the police bust you before you ***.

**QuangX** · 08-02-16, 08:31 PM

Well, How does a company survive if they owe people 60. something million. So that company does underwater?

**BIGDAY** · 08-02-16, 08:31 PM

Quanger... No more questions. Let's concentrate on pounding winners.

**QuangX** · 08-02-16, 08:41 PM

Originally posted by BIGDAY

Quanger... No more questions. Let's concentrate on pounding winners.

Just lost like $2k. im pounding something....

**ThaWoj** · 08-02-16, 09:24 PM

the long term forecast for DEC 16 is still over 4 figures

**BuckyOne** · 08-02-16, 09:32 PM

If you screw up your deposit and send it to the wrong address(miss it by one letter/digit - you are just screwed - money is in cyber space?

But, isn't reflected in the overall price? Money paid for that is in the float but will never have to be paid out?

**QuangX** · 08-02-16, 10:39 PM

Originally posted by BuckyOne

If you screw up your deposit and send it to the wrong address(miss it by one letter/digit - you are just screwed - money is in cyber space?

But, isn't reflected in the overall price? Money paid for that is in the float but will never have to be paid out?

Cant they recover it? I heard you can recover it. but if it goes into someone else account. you are screwed. lol

**ThaWoj** · 08-02-16, 10:45 PM

Less than 1% chance it goes to someone else. 99%+ the transaction does not go thru and you still have your funds

**BuckyOne** · 08-03-16, 12:02 PM

Even a 1% chance of losing it with no recovery is a risk - a factor - A 1% chance I lose 10 k on a bank transfer is not acceptable! So, it is back to risk reward. Screen shots - snippet tool to document every key stroke and maybe you can recover something that is lost???

I don't know - I don't trust it for anything but small amounts?

**Optional** · 08-03-16, 12:24 PM

Money does not get sent to the wrong address even 1% of the time.

The chances of someone changing any of the characters in the string and it turning into another valid address is trillions to one... or higher.

The first part of the address code is the actual address and the last part is a checksum that must calculate to be equal to the address code.

Just cant happen.

**QuangX** · 08-03-16, 03:29 PM

Originally posted by Optional

Money does not get sent to the wrong address even 1% of the time.

The chances of someone changing any of the characters in the string and it turning into another valid address is trillions to one... or higher.

The first part of the address code is the actual address and the last part is a checksum that must calculate to be equal to the address code.

Just cant happen.

Nice clarification Op.

**Ghenghis Kahn** · 08-03-16, 03:39 PM

yes usually if you put in the wrong address, the transaction won't go through and it'll tell you to reenter the correct address.

hacked exchanges on the other hand, they're fukked. bitfinex is done.

**raiders72001** · 08-04-16, 12:07 AM

Originally posted by QuangX

Are they gone forever? people are SOL? shit out of luck?

Some exchanges have insurance. Circle is insured by Marsh.