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RE: Update: Bitfinex Confirms 119,756 Bitcoin Stolen. Bitfinex Hack Live Blog
There is no way they will be able to repay their customers unless it is a very deferred strategy. Buying back these coins (at $500 a pop) will cost more than 50 million dollars. I feel so bad for everyone that lost btc
I think you're very right about this. I think that this is going to create an environment where the only exchanges that are truly safe are those that are decentralized where no funds are kept in a central service.