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RE: Update: Bitfinex Confirms 119,756 Bitcoin Stolen. Bitfinex Hack Live Blog
I feel for those that lost money on Bitfinex. But they have been a shady operation for quite a while much like Mt. Gox was a shady operation for quite a while before blowing up.
Hopefully this will be yet another lesson that teaches users to either control their funds locally or very careful choose a hosted wallet solution.