TIL Bitfinex recovered ~$3 billion of customers stolen bitcoin and did not return it. "As far as Bitfinex is concerned, we've made our customers whole." from Netflix documentary, "Biggest Heist Ever"
tl;dr Hackers broke into Bitfinex in 2016 and stole 120,000 BTC ($75m at the time) directly from customer accounts. Law enforcement recovered 96,000 BTC in 2022, now worth $3.5bn. They returned a bulk of it back to Bitfinex. Bitfinex did not return the bitcoin to its customers, but instead provided them redeemable tokens for the value of the bitcoin at the time it was stolen. (Even worse: "Redeemable as quickly as we can.")
I usually call people who yell "not your keys, not your coins" too alarmist. Exchanges must be held accountable. They are 100% not being held accountable. This should be a massive lawsuit to permanently determine that if bitcoin as property CAN be returned then it MUST be returned, not the value in dollars at time of loss.
You can watch the slimy Bitfinex executive explain this directly at 1hr13 in the documentary, by the way.
https://redd.it/1p9th85
@r_bitcoin
tl;dr Hackers broke into Bitfinex in 2016 and stole 120,000 BTC ($75m at the time) directly from customer accounts. Law enforcement recovered 96,000 BTC in 2022, now worth $3.5bn. They returned a bulk of it back to Bitfinex. Bitfinex did not return the bitcoin to its customers, but instead provided them redeemable tokens for the value of the bitcoin at the time it was stolen. (Even worse: "Redeemable as quickly as we can.")
I usually call people who yell "not your keys, not your coins" too alarmist. Exchanges must be held accountable. They are 100% not being held accountable. This should be a massive lawsuit to permanently determine that if bitcoin as property CAN be returned then it MUST be returned, not the value in dollars at time of loss.
You can watch the slimy Bitfinex executive explain this directly at 1hr13 in the documentary, by the way.
https://redd.it/1p9th85
@r_bitcoin
Reddit
From the Bitcoin community on Reddit
Explore this post and more from the Bitcoin community
China banned Bitcoin again… must be bull season 😂
Another year, another headline:
“China says Bitcoin has no legal status.”
Bro… they’ve banned Bitcoin like 9 times already.
Every cycle it’s the same script:
• China FUD
• Panic headlines
• “Speculation crackdown”
• And then…
Number. Goes. Up.
If a government with that level of control still feels threatened enough to repeat the same warning over and over…
That tells you everything about Bitcoin’s trajectory.
I don’t sell.
I only buy.
Let them ban it every month — the protocol doesn’t care.
Blocks keep coming in every 10 minutes. ⚡️
What do you think:
Classic FUD or something deeper this time?
https://redd.it/1p9vpu4
@r_bitcoin
Another year, another headline:
“China says Bitcoin has no legal status.”
Bro… they’ve banned Bitcoin like 9 times already.
Every cycle it’s the same script:
• China FUD
• Panic headlines
• “Speculation crackdown”
• And then…
Number. Goes. Up.
If a government with that level of control still feels threatened enough to repeat the same warning over and over…
That tells you everything about Bitcoin’s trajectory.
I don’t sell.
I only buy.
Let them ban it every month — the protocol doesn’t care.
Blocks keep coming in every 10 minutes. ⚡️
What do you think:
Classic FUD or something deeper this time?
https://redd.it/1p9vpu4
@r_bitcoin
Reddit
From the Bitcoin community on Reddit
Explore this post and more from the Bitcoin community
Bitcoin truly is amazing
How to send 300k $ worth anywhere, anytime, for a 0.23$ fee ?
And all of this without a third party involded. No one to censor or prevent the transaction, or to hold the funds.
https://preview.redd.it/eqjiog2ik84g1.png?width=1880&format=png&auto=webp&s=2c8ae5391d2ffc6026f5f08e2022c5604bda1952
When you hold bitcoin, no one has a say in this. You do whatever you want, whenever you want. No one control them but you. That gift from Satoshi truly is amazing. Remember that when the price drops a little instead of doubting yourself.
https://redd.it/1p9vjqb
@r_bitcoin
How to send 300k $ worth anywhere, anytime, for a 0.23$ fee ?
And all of this without a third party involded. No one to censor or prevent the transaction, or to hold the funds.
https://preview.redd.it/eqjiog2ik84g1.png?width=1880&format=png&auto=webp&s=2c8ae5391d2ffc6026f5f08e2022c5604bda1952
When you hold bitcoin, no one has a say in this. You do whatever you want, whenever you want. No one control them but you. That gift from Satoshi truly is amazing. Remember that when the price drops a little instead of doubting yourself.
https://redd.it/1p9vjqb
@r_bitcoin
“If I put $100 in Bitcoin in 2010 I’d have $2.8B now.”
No.
If you bought $100 of Bitcoin in 2010 and watched it go to:
$1k → $100k → $1.7M
and did nothing
Then watched $1.7M go to $170k
and still did nothing
Then watched $170k go to $110M
and still did nothing
Then watched $110M wither to $18M
and still did nothing
Then watched $18M surge to $390M
and still did nothing
Then watched $390M deteriorate to $85M
Then watched $85M climb to $1.6B
and still did nothing
Then watched $1.6B shrink to $390M
and still did nothing
Then watched $390M surge to $2.8B
and then for some reason finally decided to do something…
Then yes, $100 in 2010 would be worth $2.8B today.
https://redd.it/1pa9f7n
@r_bitcoin
No.
If you bought $100 of Bitcoin in 2010 and watched it go to:
$1k → $100k → $1.7M
and did nothing
Then watched $1.7M go to $170k
and still did nothing
Then watched $170k go to $110M
and still did nothing
Then watched $110M wither to $18M
and still did nothing
Then watched $18M surge to $390M
and still did nothing
Then watched $390M deteriorate to $85M
Then watched $85M climb to $1.6B
and still did nothing
Then watched $1.6B shrink to $390M
and still did nothing
Then watched $390M surge to $2.8B
and then for some reason finally decided to do something…
Then yes, $100 in 2010 would be worth $2.8B today.
https://redd.it/1pa9f7n
@r_bitcoin
Reddit
From the Bitcoin community on Reddit
Explore this post and more from the Bitcoin community
Daily Discussion, November 30, 2025
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Please check the previous discussion thread for unanswered questions.
https://redd.it/1paawx9
@r_bitcoin
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Please check the previous discussion thread for unanswered questions.
https://redd.it/1paawx9
@r_bitcoin
Reddit
From the Bitcoin community on Reddit
Explore this post and more from the Bitcoin community
For the people who ONLY buy and never sell what made you commit to that strategy?
I see a lot of traders come and go, buying highs, selling lows, stressing over every little move… but some of us decided a long time ago that we’re not playing that game.
If you’re a buy-only, long-term holder, what was the moment that made it click for you?
Was it understanding the fixed supply?
Learning about monetary history?
Seeing how fiat keeps losing value?
Or something personal?
Curious to hear your stories.
https://redd.it/1parage
@r_bitcoin
I see a lot of traders come and go, buying highs, selling lows, stressing over every little move… but some of us decided a long time ago that we’re not playing that game.
If you’re a buy-only, long-term holder, what was the moment that made it click for you?
Was it understanding the fixed supply?
Learning about monetary history?
Seeing how fiat keeps losing value?
Or something personal?
Curious to hear your stories.
https://redd.it/1parage
@r_bitcoin
Reddit
From the Bitcoin community on Reddit
Explore this post and more from the Bitcoin community
