Re:Hacked Bitcoin firm plans to spread losses across all users
by uptown on Friday August 05, 2016 @09:49AM
(#12232287)
I fail to see how this would be anything other than theft if Bitfinex goes forward with this. Unless their terms of service have them setup as some form of co-op, I'd think they'll see a rush to the exits in the near-term, and be sued into oblivion on the long-term.
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Re:Hacked Bitcoin firm plans to spread losses across all users
by spriggan3 on Friday August 05, 2016 @10:03AM
(#12232376)
> I fail to see how this would be anything other than theft if Bitfinex goes forward with this.
This is theft, plain and simple. They lost some money now they are taxing their customers and making pay for their mistakes. It doesn't matter where the stolen money went, it's not up to the customers to bail them out.
Re:Hacked Bitcoin firm plans to spread losses across all users
by strathmeyer on Friday August 05, 2016 @11:08AM
(#12232860)
No that's how a bank works, but not bitcoin.
Re:Hacked Bitcoin firm plans to spread losses across all users
by rlpb on Friday August 05, 2016 @10:09AM
(#12232422)
> I fail to see how this would be anything other than theft if Bitfinex goes forward with this.
It could be part of a liquidation. If Bitfinex owes more than it has, then it's going bust regardless. This is just a question of how its remaining funds are distributed amongst its creditors.
I don't see how they could intend to continue trading, since creditors could individually sue them for the funds that they are owed.