In Today's News, Bitfinix has put out a statement that they will be online soon, whilst causing their Bitcoin exchange wallet users over 36% of the money that they had on the site. They shall incur no damages, yet some think this may not hold up in court. Will Bitfinix's reputation and site proceed to thrive after the circumstances? Were they in on the job?
Also, a reminder of the hacker's ability to withdraw and FULLY control the stolen funds on August 31st. What will happen to cryptocurrency prices, if he floods, or slowly sells those, vast sums in the markets with sell walls?
In this quick update, I share some of the latest sentiments surrounding the Ethereum and Ethereum Classic communities, to assist you in making the proper investment decisions!
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Thanks very informative video
My pleasure! Just trying to keep everyone, and myself, up-to-date. :)
What up crypt0!!! Nice insight as always...Thanks for keeping us updated (Side note: Congrats on your new living situation! Happy for you my man-
Thanks, steemit-life! You bring such enthusiasm and spirit with this comment, and I just want to say I really appreciate it! You make doing these videos worth it! Cheers, brother
My pov is that all the latest hacks will force some buy-pressure. I do believe the hackers will do their best to launder their btc/etc. To do that they might be looking for a decentralized marketplace such as bitsquare to buy alts and doing it that way.
FIY: The DAO-attacker will be able to use the etc in a few hours.
Maybe BTC should hard fork to recover the lost Bitfinex funds? I think this illustrates the concerns a lot of people had with the ETH hard fork. These kind of things will continue to happen and only get worse as cryptos get mainstream adoption - they will become an ever bigger target for theft.
You can't have a hard fork every time people lose money. It sucks but sometimes criminals will get away with it and there is little you can do. Same as regular life.
I think some people will sue Bitfinex but I'm not sure if they will succeed. I'm sure they (BF) probably have some clauses to protect themselves in the terms and conditions.
Can the attacker still get his ETC? I was chatting on Poloniex about 2 nights ago and they were saying this was fixed by a white hat group?