05 Aug 2016 at 12:09 AM (UTC)
We are still working out the details so nothing is set in stone, however we are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions. The numbers being quoted are erroneous as nothing has been decided as of yet and we are still in the process of settling positions and balances. More details are to follow tomorrow along with a FAQ answering most of the questions we have been asked over the past couple days.
erroneous loss or erroneous amount of bitcoin available to "socialize" the loss.
if bitfinex held ~230K BTC everyone gets a 50% hair cut
We NEED a rough estimate of bitfenix's total BTC holdings
this info is simply not available
here we go some conjecture....
https://www.reddit.com/r/Bitcoin/comments/4md665/coinbase_may_have_lied_about_the_number_of/Coinbase is now storing 'about 10% of all bitcoin in circulation'.
you'd think bitfinex had a similar amount of coins? right?
so like ~1.5million coins
everyone gets a ~10% hair cut?
wouldn't that be lovely