you will definitely not lose a lot of money right now, less and less exchanges are turning to scams right now so i think it is starting to be safe to hold money on exchange

Many people who pot their money to exchanges really know the risk but there is still newcomers that don't know that it's very risky to keep it there. Atleast we're always here  to remind new in exchanger and trading.

hay, news from bitfinex

Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex.

We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.

The theft is being reported to—and we are co-operating with—law enforcement.

As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected.

We will post updates as and when appropriate on our status page (Bitfinex.statuspage.io) and on the maintenance page. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach.
Aug 2, 18:06 UTC



seem this is the worst things happen when you store your coin in exchange

Having your coins sit in your exchange wallet for trading purposes is different than keeping your coins in an exchange just as some sort of wallet.

I don't do much trading, but when I do I just send the coins to my exchange and do the trading.

Once I'm done trading I directly send the coins from the exchange back to my wallet for safety purposes. I never let a single Satoshi there.

The Mt.Gox debacle affected a lot of users and I think almost everyone who was using Bitcoin at that time had deposited something there. It's not like the most trusted and popular Bitcoin exchanges nowadays are not susceptible to hacking incidents because anything could happen ranging from inside jobs to legitimate security breaches. And also if your current exchange hasn't had any problems till now that doesn't mean it won't have in the future so only hold amounts that you can afford to lose.

Agreed, for us to avoid lost of bitcoins. And its really not advisable to keep all our bitcoins even altcoins in differents exchange plaform so that no one will gonna be victim of it.

I recently withdrew part of my holdings from Poloniex, they are very legit in my opinion and may be the best all around cryptocurrency exchange but it would really suck if something like Bitfinex, Cryptsy or Mt Gox happen to Polo. No one is really safe.

For traders and investors is difficult to not have all their firepower on a exchange, I have more than 5 currencies at the moment, some don't even have working wallets. So it's not that people are just lazy or stupid.

You called it!
The warning was there if they did not believe you.
I stumbled on this 1.5 month old thread and was surprised what you said.
It was a revelation! 

But on a serious note. Exchanges are not to be trusted with your coins.
The rule in using them should be this:
Trade them, gain from them and get them the flock out of there! 

A fine call from back in June, op.  Anyone who's been in crypto, or at least a member of this forum, should know not to use an exchange's wallet to store coins on.  Scams and these false hacks happen too regularly.  Do your trades and get your money off the exchanges.  It's crazy that these places don't have regulations like discount stock brokers (or any stock brokers) do.