Quote from: bitebits on April 03, 2017, 08:36:56 PM

Quote

Announcements > 100% Redemption of Outstanding BFX Tokens
April 03, 2017

https://www.bitfinex.com/posts/198

Quite clever: get hacked for $60 million but create BFX tokens to remain solvent, then buy them on your own exchange with ~80% discount, announce BFX tokens will be 100% redeemed, effectively change the damage of the 'hack' from $60 million to ~$12 million.

In the meanwhile still not a single word how the hack has happend but everybody is cheering for a job well done. Amazing.

Meanwhile, the ~~exchange~~ 'hackers' (cough cough, nudge nudge, wink wink, say no more), are in control of a sizeable stack of Bitcoins with which they can surely boss the market around left right and centre. What was it, around 1 million BTC?

A big fkn stack of Bitcoins on side of the table, a big fkn pile of USD on the other. The Bitfinex crooks could be to Bitcoin what JPMorgan is to the silver market. Both it's maker and it's breaker.