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RE: Ethereum News: Bitfinix "Loss Socialization" Detriment, Attacker Withdraw 8/31, Interest Rates Might Have a Reason To Go Up in The U.S.

in #ethereum8 years ago

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.