There is a thread in reddit with multiple reports of Bitfinex users watching a malfunction occur, with massive long and short orders which they did not issue, and far exceeding the size of their account. It is being rapidly downvoted, and reddit is lagged.
http://www.reddit.com/r/BitcoinMarkets/comments/353yu8/bitfinex_having_serious_lag_issues_be_very/If confirmed, I think there will be a bit of a holding pattern in the market until Bitfinex announces how they are going to clean up the mess.
Even Gox couldn´t manage to fuck up their trading engine that bad. Impressive, but one thing is for sure, this is bullish as fuck.This small incident will soon give us another moonshot!
"I had a few hundred trades executed in my account within a couple of minutes. At one point I was long over 2000 BTC, a minute later short 707 BTC. Currently long 808BTC. My account started with only 6.5BTC and is currently reporting losses of $15,000"
"Yep samething. Except i didnt get a screen shot in time showing 1700 coins. I am now showing 97 coins long. Mind you i only had about 7 btc in the act. Screen shot posted below.
http://postimg.org/image/ejfsyas2b/"
These kinds of incidents and errors look just like things programs written for Computer Science 101 classes would produce. This isn't some minor rounding error anymore - if true, someone has messed this up big time!