Bitfinex kept half of their Bitcoin in MTGOX?!!

[rogerver]

What do people make of this?
https://twitter.com/TuurDemeester/statu ... 4961009666
It seems like the problem could be much deeper.

[BitcoinXio]

That's insane. They were forced to change their business rules after the Gox collapse, but this says a lot on how they operated, even back then. I would hope their operations changed a lot since the Gox collapse. I also wonder how much they lost on Gox, and have been running on a fractional exchange ever since?

[rogerver]

I also wonder how much they lost on Gox, and have been running on a fractional exchange ever since?

I'm wondering this exact same things. Has anyone seen any sort of comment on this from Bitfinex in the past?

[iFixBTCmemoryIssues]

What do people make of this?
https://twitter.com/TuurDemeester/statu ... 4961009666
It seems like the problem could be much deeper.

The problem is human error, being lazy. That's what killed Bitfinex.

What they told the public and their actual opsec were 2 different things!

[iFixBTCmemoryIssues]

That's insane. They were forced to change their business rules after the Gox collapse, but this says a lot on how they operated, even back then. I would hope their operations changed a lot since the Gox collapse. I also wonder how much they lost on Gox, and have been running on a fractional exchange ever since?

Lazy admins that talk a good game, but that's all it is, talk.

Running an exchange is serious work, there is a lot to secure and keep secured.

[LiteCoinGuy]

as time goes by, these "accidents" will get bigger and bigger (because the market is bigger). even core devs lost 1000s and more coins on mtgox - that is shocking in my view.

[iFixBTCmemoryIssues]

as time goes by, these "accidents" will get bigger and bigger (because the market is bigger). even core devs lost 1000s and more coins on mtgox - that is shocking in my view.

Accidents??

No, this comes down to an insecure operation in-charge of other peoples money.

Good advice from Core, "Use Bitfinex", another failure from those amateurs. How much did they lose this time??

[LiteCoinGuy]

""Accidents""