Hi Steemians, I guess you are aware that recently Bitfinex restored operations on its platform after the hack, and that they issued a token called BFX Omni to represent the losses of their clients (I personally have 1,000 of them).
I don't know what you think about this BUT to starters, Bitfinex hasn't even really made an official statement on how the hell was the hack even possible! Instead of that they brought up the site and cleverly issued this BFX Omni token enabling trading of it pretty fast, why I say cleverly? Well, because it says clearly in the BFX Omni token Terms of Use that
This means that by giving away your tokens, legally you are relinquishing your right to complain about the losses, essentially making as if the theft never happened. Don't you think trading was enable a little bit too fast? And people are still so shocked with their losses that they would easily forget about the theft just to get some of it back even without a statement of how the hacked happened!
Look at this images showing how many buy offers are there! and I do know these could be from wild investors looking to buy tokens worth 1 dollar at just 30% of their value but I wouldn't think they could be that many! Look at the 24 hr volume!
CONCLUSSION
As far as we know, the hack could have been staged, but now cleverly and fast Bitfinex has made a move so that desperate people would lost their Legal right to claim their losses before any more information is revealed to the public. Just imagine Bitfinex discretly aquires all BFX Omni tokens (or most of them) at just the price they are currently trading at ($0.31) they just eliminated the threat before actually saying what really happened and at only a 30% of it's cost! On top of that, they are getting a 0.1 or 0.2 commision on all those BFX token trades! You cannot say they are not cleaver!
Please let me know what do you think of this? Does it make sense? Or is it just my imagination?
If you have BFX tokens, what will you do with them?
I feel they are getting away with too much if anything... Seeing as bitcoin never needing bailouts why does a business think its users should bail it out when the business gets something wrong. I'm of the opinion that when one is in business that business comes with risk. The BFX Omni Token is pretty much worthless now. Many people I have discussed this with agree that Bitfinex is on borrowed time.
I have a strong feeling it could have been an inside job, but then again, them ignoring the hack is just a marketing gimick to not get negative publicity any longer. If they are to survive, they really need to get back customer trust, starting with multisig wallets and cold storage verified.
I agree with you and I do think the same about the inside job. But still lots of people are forgetting about there loss for a percentage of it!
Some people just never learn, what can you do about that. Just take care of your own money and not pay too much attention to all these bad things. There are many positive things that happen in crypto as well.
SORRY FOR YOUR LOSS! We are sorry that we fucked up badly!
hahaha you did indeed!
Can I trade safe now in Bitfinix?