Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
adamstgBit
on 08/08/2016, 21:56:42 UTC
[Edited out]

Yeah that's not how company valuation works. Right now their balance sheet is in red by ~$120MM (meaning they have $120MM more in liabilities more than assets)
Also if you think this "incident" will have no effect on their market share (their daily volume) or their "goodwill" you're delusional

I think that you meant to say $72 million.  The concession seems to be that Bitfinex lost around 120k Bitcoin, which was valued around $72 million.

there balance sheet is not in the red, with the haircut and tokens they should balance just fine. no?