Post
Topic
Board Exchanges
Re: Bitfinex HACKED- funds stolen !
by
mayax
on 02/08/2016, 23:08:09 UTC
Update,

the funds stolen are 119,756 btc. that means aprox 60 millions USD

Do you think that Bitfinex will cover this amount and it will business as usual? Smiley

Definitely not. They only earn on trading fees. I was surprised to even see bitstamp make it back after being hacked for 18K bitcoins. 120K bitcoins is not covereable in any manner. They don't even have assets to continue.

Bitstamp has some investors as backup and 5 MIL are not like 60 MIL USD. Bitfinex is alone and even they have 60 mil, they will never cover this loss. They will close the website and they will live their life without any headaches with the money they earned until now.