Bitfinex official blog, to all user account funds withheld $65 million to fill the pit
It looks like Bitfinex attacks is far from over. The exchange has recently published a blog post that the user needs to share the losses caused by the attack. This is a large number of $65 million ah, really do not understand why Bitfinex will think of this approach. In addition, the exchange’s repayment ability is also a big problem.
Bitfinex this fancy plan is to take responsibility to the user platform. Specifically, regardless of whether the user account is affected by the attack, they must pay $65 million for the stolen funds. Each customer account balances will be deducted from a part.
Bitfinex bitcoin attack
The decision is not half dime meaning. If the attack affected users take financial losses, and is not affected by the user’s account balance remains unchanged, it is reasonable. However, there is no such a fair way for Bitfinex to use, simply can not fill the hole. The final decision of the community will look at how Bitfinex is very interesting.
Assuming Bitfinex which did not persist in wilfully and arbitrarily, stop it, then Bitfinex will be all bitcoin users abandon. Exchange funds take the user to fill their hole, it will eventually become a washed their rescue mechanism. For most users, this behavior with the central bank what two!
If Bitfinex and BitGo continue to carry out the plan, they will face various legal issues. Because they have a common responsibility to protect the safety of users of funds, but at this point, they failed, this kind of case to appear in court for many times. But it also depends on the judge’s attitude to the virtual currency exchange legislation is not perfect.
Even if Bitfinex insisted on using it, so it is a glimmer of hope of survival. It can think on how to compensate for these accounts without debit users. However, exchange revenue comes mainly from transaction costs and investors. Probably after deducting the user account as soon as it will cause the loss of users, no time to remedy. As a result, Bitfinex will no longer have a stable source of income. Then it will lead to no ability to repay, not save their economic losses.