Breaking News

ADATA Launches URBAN TAPSAFE External SSD Sony Expands Gaming Gear Range with INZONE H6 Air and INZONE M10S II Transcend Launches RDE3 microSD Express Card Reader for Next-Generation High-Speed Performance PlayStation Plus Game Catalog for April 2026 Samsung Sets a New Standard of Color with Micro RGB TV Lineup

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

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

ADATA Launches URBAN TAPSAFE External SSD
PC components

ADATA Launches URBAN TAPSAFE External SSD

Sony Expands Gaming Gear Range with INZONE H6 Air and INZONE M10S II
Gaming

Sony Expands Gaming Gear Range with INZONE H6 Air and INZONE M10S II

Transcend Launches RDE3 microSD Express Card Reader for Next-Generation High-Speed Performance
Cameras

Transcend Launches RDE3 microSD Express Card Reader for Next-Generation High-Speed Performance

PlayStation Plus Game Catalog for April 2026
Gaming

PlayStation Plus Game Catalog for April 2026

Samsung Sets a New Standard of Color with Micro RGB TV Lineup
Consumer Electronics

Samsung Sets a New Standard of Color with Micro RGB TV Lineup

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Arctic Liquid Freezer III 360 Pro Argb

Arctic Liquid Freezer III 360 Pro Argb

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

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