Steem Dollars just became much cheaper... (buying opportunity)

on reddit the "investigation" of the community https://www.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/

if the worst case is true 125k in Bitcoin or 90 million USD got lost via hack. Holy cow. Hope the funds got transfered from Bitfinex and not the Hacker.

Upvoted

Sad to see another hacked. I only keep a minimum in the exchange nowadays and only transfer BTC when I need to purchase.

Voted

There is a big thread on this on reddit for those who want more info:

https://www.reddit.com/r/BitcoinMarkets/comments/4vtv1m/bitfinex_down_due_to_bitcoin_security_breach/

P.S. The following thread from 11 months ago says they used defunct code from a website that had already been hacked:

https://www.reddit.com/r/Bitcoin/comments/3igv0r/bitfinex_pretty_sure_we_are_dealing_with_amateurs/

>Bitfinex was released within some weeks of the Bitcoinica source code leak.
>The codebase was copied from a defunct, thrice robbed company.
>That code is not capable of keeping the database consistent at peak loads.
>That code is not scalable. That code was not, and is not correct.
>Not correct according to specification. (Which doesn't exist.)

I posted this news first.
https://steemit.com/money/@chalidore/security-breach-at-bitfinex-halts-trading
just sayin...

For live updates go to:

https://bitfinex.statuspage.io/

Latest Update Aug 2, 18:06 UTC

![](http://content.screencast.com/users/webshare/folders/Jing/media/ba7a729e-764b-42f0-be9d-dcabe7b64c53/2016-08-02_1556.png)

Full Image - http://screencast.com/t/rP8YrGGVkh

wow... over and over I get destroyed w/ bitfinex going down for one reason or another - thanks for posting.

everyone short btc!

we need more decentralized exchanges!

It's important to keep in mind that, if true, the failure was in this specific exchange's security, and not within the Bitcoin protocol itself. Because of this, I discourage panic selling if the price drops a lot. Bitcoin hasn't inherently lost value as a result of this breach.

OMG....... are u sure?
http://gif-finder.com/wp-content/uploads/2015/08/Minion-Crying.gif

четко!! :D

I could be wrong but these hackings happen only near the halving period! See the time gap between 1st halving and MT gox shutting down.

weeks announce account theft, DDoS attacks, SQL injections bitfinex steemit bittrex and nobody believed me, here the link to the article I published 15 days ago
https://steemit.com/steemit/@jeison/i-am-the-hacker-dao

Bitfinex has the most ridiculous security requirements for users and yet the breach is on their side.

I'm glad this wasn't Poloniex.

Let's be honest bad publicity is good publicity it teaches people the importance of online security and gets more media attention leading to more awareness. If BTC drops to $100 a lot of people will lose money yes, but it still has its underlying technology, same benefits same features. Still world changing. Motorola made the first mobile phones where are they today? Bitcoin is paving the way for innovation regardless of price!!

Why every big bitcoin crash gets associated with an exchange hack?

Isn't this what the ethereum hard fork would prevent?

![](http://i64.tinypic.com/jkeyaw.png)
From 600 to 560

Who 's next ?:

https://bitshares.openledger.info

- decentralized exchange

bitsquare.io

- decentralized exchange

..u should give it a try

I withdrew 1.3BTC 14 hours ago !