This is why Bitcoin is crashing! up to 120k bitcoins stolen from bitfinex!

in bitcoin •  9 years ago 

https://bitfinex.statuspage.io/

There may have been up to 120,000 bitcoins stolen from peoples wallets from Bitfinex wallets. This is speculation, but the price started to drop as soon as the website was shut down.

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wow ! mt.gox, cryptsy, mintpal, bter, etc.
what next? -_-

it's messed up... and to think that bitfinex was the hardest to cash out... because you needed many info to be verified..... and to think they did not protect their site and to think that their site was blacked out 2 times already meaning the trading was frozen.... i think this is an insider attack.... or someone from their team hacked their site or they did all this so the btc price drops... something is cooking though

Keep up the great work @rambogoham
Upvoted

I think there are many factors. Bitcoin may be forked. Market frenzy with etherium v.s. etherium classic. The world markets are slumping

Very interesting. I'm newer to crypto-currencies so I have been looking into reasons why Bitcoin has been dropping so significantly. It appears no one is quite sure.

Good news is Bitcoin is selling at a discount, but I feel bad for anyone that lost bitcoins to this. This is why security and having the right defensive systems in place is so important.