Post
Topic
Board Exchanges
Re: is Bitfinex still trusted?
by
deisik
on 16/01/2017, 17:43:12 UTC
I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?
Regarding on the hacking incident for sure lots of users have lost its trust to bitfinex for sure but there are still some user who still believe on them.If you asked me I wont use them since there are already past issues regarding on the security which means it might possible to happen anytime and I don't want to lost my bitcoin but the full decision would be yours since its your bitcoins btw.

I second that too

If I'm not mistaken, Bter had been hacked twice. At first, some NXT coins had been stolen in 2014, then around 7K bitcoins in 2015, and now what? Regarding the Bitfinex BFX token and its rate, it didn't change much since they first introduced it. So this barometer doesn't show anything good for this exchange in the future. I guess they might easily manipulate its value and keep it artificially low. If it went to 1, many folks would happily kiss goodbye to this exchange selling their tokens and withdrawing their funds

poloniex was also hacked long time ago

Strictly speaking, that was not a hack, that was a lame hole through which users could withdraw the same amount many times