Breaking News

Samsung announces Watch8, Z Fold7 and Z Flip7 PlayStation Plus Game Catalog for July 2025 JEDEC Releases New LPDDR6 Standard to Enhance Mobile and AI Memory Performance G.SKILL Announces Availability of High-Capacity Overclocked Memory Kits, Up To DDR5-6000 256GB (64GBx4) Kioxia Sampling UFS Ver. 4.1 Embedded Flash Memory Devices

logo

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

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Bitcoin Worth $72 Million Stolen from Bitfinex

Bitcoin Worth $72 Million Stolen from Bitfinex

Enterprise & IT Aug 3,2016 0

About 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong. Bitfinex is the world's largest dollar-based exchange for bitcoin, and is known in the digital currency community for having deep liquidity in the U.S. dollar/bitcoin currency pair.

Zane Tackett, Director of Community & Product Development for Bitfinex, told Reuters on Wednesday that 119,756 bitcoin had been stolen from users' accounts and that the exchange had not yet decided how to address customer losses.

"The bitcoin was stolen from users' segregated wallets," he said.

The company said it had reported the theft to law enforcement and was cooperating with top blockchain analytic companies to track the stolen coins.

Bitfinex has tied-up with Palo Alto-based BitGo, which uses multiple-signature security to store user deposits online, allowing for faster withdrawals.

"Our investigation has found no evidence of a breach to any BitGo servers," BitGo said in a Tweet.

"With users' funds secured using multi-signature technology in partnership with BitGo, a lot more is at stake for the backbone of the bitcoin industry, with its stalwarts and prided tech under fire," said Charles Hayter, chief executive and founder of digital currency website CryptoCompare.

Bitfinex suspended trading on Tuesday after it discovered the breach. It said on its website that it was investigating and cooperating with the authorities.

In 2014, Tokyo-based exchange Mt Gox collapsed, losing about $500 million worth of customers' Bitcoins in a hacking attack.

Tags: Bitcoin
Previous Post
Niantic Is Seeking For Tie ups For Pokemon Go
Next Post
Facebook To Let Companies Sell Through Their Pages

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

Samsung announces Watch8, Z Fold7 and Z Flip7
Smartphones

Samsung announces Watch8, Z Fold7 and Z Flip7

PlayStation Plus Game Catalog for July 2025
Gaming

PlayStation Plus Game Catalog for July 2025

JEDEC Releases New LPDDR6 Standard to Enhance Mobile and AI Memory Performance
Enterprise & IT

JEDEC Releases New LPDDR6 Standard to Enhance Mobile and AI Memory Performance

G.SKILL Announces Availability of High-Capacity Overclocked Memory Kits, Up To DDR5-6000 256GB (64GBx4)
PC components

G.SKILL Announces Availability of High-Capacity Overclocked Memory Kits, Up To DDR5-6000 256GB (64GBx4)

Kioxia Sampling UFS Ver. 4.1 Embedded Flash Memory Devices
Enterprise & IT

Kioxia Sampling UFS Ver. 4.1 Embedded Flash Memory Devices

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

Soundpeats Pop Clip

Soundpeats Pop Clip

Noctua NH-D15 G2

Noctua NH-D15 G2

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

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