Re: Bitfinex. Will they cover the 65 million dollar BTC Theft or just fold?
I don't feel comfortable attempting to answer this poll because it is based on a premature assumption regarding the supposed exact amount that Bitfinex lost in this latest attack, and without even evidence of the remainder of their holdings.
i take your point..thus the no frigging idea choice was added it can apply to all the above....
(its not like i really know how to setup a correct poll don't ya know)
"They?" I have read a couple of reddit threads that have that theory, but did Bitfinex confirm or admit to the situation?
I am not trying to negate the potential validity of some investigations done by insightful technical folks, but we really need some kind of confirmation and/or rendition by Bitfinex - and maybe it is true that the Reddit folks are right on the money, but until then, I still consider the matter to be a bit speculative with some potential holes regarding the extent of money moved by whom and who controls the private keys and whether any of those moved coins are recoverable (or the private keys).
https://np.reddit.com/r/BitcoinMarkets/comments/4vtv1m/bitfinex_down_due_to_bitcoin_security_breach/d61oetn
This isn't "folks on reddit". This is Zane Tackett https://www.reddit.com/user/zanetackett, Bitfinex's community relations guy. This is as straight from the horse's mouth as you'll get.
It is confirmed in the just released WSJ article as well.
Time to accept it.
[Where is the: They won't cover, and will fold, option? or is that just implied?]
No one is trying to deny anything, and yep those links that you provided seem to confirm that Bitfinex folks are admitting to the nearly 120k BTC loss, which hopefully also means that at some point in the very near future they are going to be able to provide an update to their status page including an admission to the amount of coins that they lost and maybe other relevant and detailed information that will help, instead of making us have to surf through various reddit threads to figure out what is going on.
Regarding the poll, I do now have enough information to answer it, which I did, and I see the poll results. There sure is a lot pessimism regarding Bitfinex's ability to cover the losses... Surely, that is a lot of value (i mean the bitcoins) to admit to losing in such a short period of time,,, so yeah, understandable pessimism.
this was posted on another thread ..have not checked it but if true they never multi-sig'd crap ...and will dump it on the customers...likely in their terms of agreement it is your
multisig (supposed) wallet thus your problem
here is the quote..if true imho they will wash their hands of the responsibility imho
We don't use cold storage for bitcoin, since our implementation with bitgo we've used segregated customer wallets so that each user has their own bitcoin wallet.
bitgo is saying they were NOT compromised at this time also I've read
what a cluster