Breaking News

SAMA Introduces the S32 WOOD, a Compact M-ATX Case Bundled with an 80 PLUS Gold PSU Thypoch Completes Simera-C Cine Prime Lineup with New 100mm T1.9 Lens CORSAIR Launches the RM1200e Power Supply with Built-in PinProtect GPU Overcurrent Protection and Platinum-certified Efficiency CORSAIR Changes the Game with PureVector, a Science-Based Personalized Aiming Technology, Launching Exclusively in the SABRE v3 PRO PureVector Mouse Series AMD FSR Upscaling 4.1 Boosts Frames and Image Quality on More Devices

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

Bitfinex Exchange Customers to Get Haircut

Bitfinex Exchange Customers to Get Haircut

Enterprise & IT Aug 7,2016 0

Crypto-currency exchange Bitfinex, which lost $72 million to hackers last week, on Sunday announced that its customers would lose just over 36 percent of the assets they had on the platform but would be compensated for these losses with tokens of credit. "..we have arrived at the conclusion that losses must be generalized across all accounts and assets. This is the closest approximation to what would happen in a liquidation context," Bitfinex said.

Upon logging into the platform, Bitfinex customers will see that they have experienced a generalized loss percentage of 36.067%.

The company said it would also give all affected clients a "BFX" token crediting their losses that could be redeemed by the exchange or for shares in iFinex, the exchange's parent company.

Hackers stole 119,756 bitcoin from Bitfinex last week in the second-biggest breach of a crypto-currency exchange ever, in U.S. dollar terms. The hack accounted for about 0.75 percent of all bitcoins in circulation.

Both Bitfinex and outside experts have dismissed suggestions the breach was due to the security of the blockchain, the decentralized ledger that tracks every bitcoin transaction, and which traditional banks are considering adopting to increase the speed and transparency of their transactions.

Tags: Bitcoin
Previous Post
Amazon Japan's Offices Raided
Next Post
Nissan Said to Exit Battery Business

Related Posts

  • What Does it Take to Make an ASIC Bitcoin Miner

  • The Current State of Crypto Mining

  • Bitcoin breaks the US$20,000 barrier for the first time in history

  • Covid-19 Has Wiped Out One Third of Cryptocurrency Scammers’ Revenue

  • Opera Browser for Android Offers Ten New Colors to Choose From, Supports Bitcoin

  • Hackers Stole $32m From Cryptocurrency Exchange Bitpoint

  • Trump Blasts Facebook's Libra

  • FATF Launches Crackdown on Money Laundering And Terrorist Financing Risks Using Cryptocurrencies

Latest News

SAMA Introduces the S32 WOOD, a Compact M-ATX Case Bundled with an 80 PLUS Gold PSU
Enterprise & IT

SAMA Introduces the S32 WOOD, a Compact M-ATX Case Bundled with an 80 PLUS Gold PSU

Thypoch Completes Simera-C Cine Prime Lineup with New 100mm T1.9 Lens
Cameras

Thypoch Completes Simera-C Cine Prime Lineup with New 100mm T1.9 Lens

CORSAIR Launches the RM1200e Power Supply with Built-in PinProtect GPU Overcurrent Protection and Platinum-certified Efficiency
PC components

CORSAIR Launches the RM1200e Power Supply with Built-in PinProtect GPU Overcurrent Protection and Platinum-certified Efficiency

CORSAIR Changes the Game with PureVector, a Science-Based Personalized Aiming Technology, Launching Exclusively in the SABRE v3 PRO PureVector Mouse Series
Gaming

CORSAIR Changes the Game with PureVector, a Science-Based Personalized Aiming Technology, Launching Exclusively in the SABRE v3 PRO PureVector Mouse Series

AMD FSR Upscaling 4.1 Boosts Frames and Image Quality on More Devices
GPUs

AMD FSR Upscaling 4.1 Boosts Frames and Image Quality on More Devices

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

SoundPeats Cove Pro

SoundPeats Cove Pro

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

Akaso Brave 8 Lite

Akaso Brave 8 Lite

SoundPeats C30

SoundPeats C30

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

be quiet! Dark Perk Mice

be quiet! Dark Perk Mice

XbotGo Chamaleon

XbotGo Chamaleon

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed