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After Bitfinex was hacked in 2016[1] to the tune of 120,000+ bitcoins, I wouldn't trust them with a penny of my money. There's no way they've secured their inf
by benwilber0 9y ago
After Bitfinex was hacked in 2016[1] to the tune of 120,000+ bitcoins, I wouldn't trust them with a penny of my money. There's no way they've secured their infrastructure and process to be anywhere near even basic PCI-DSS, let alone institutional banking standards. Big surprise they couldn't comply with USA KYC/AML laws.
[1] https://en.wikipedia.org/wiki/Bitfinex_hack https://en.wikipedia.org/wiki/Bitfinex_hack
- ryanlol 9y ago>There's no way they've secured their infrastructure and process to be anywhere near even basic PCI-DSS This simply couldn't be further from the truth.
- deleted 9y ago[deleted]
- benwilber0 9y agoThey're in Canada, right? I would like to see what kind of financial data security standards they adhere to, and what kind of physical/process security they've implemented since "the hack". For all we know Bitfinex is just a few guys in an open layout office in Toronto running their Node.js "exchange" on Linode.