Breaking News

ADATA and MSI Launch the World’s First 4-RANK DDR5 CUDIMM Memory Module Akasa Introduces Kepler: A 2U Rackmount Fanless Case Designed for Silent Computing in Industrial Applications LIAN LI Introduces the Platinum Certified SX PSU Series Micron Ships Automotive UFS 4.1 Apple introduces Digital ID

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 and MSI Launch the World’s First 4-RANK DDR5 CUDIMM Memory Module
PC components

ADATA and MSI Launch the World’s First 4-RANK DDR5 CUDIMM Memory Module

Akasa Introduces Kepler: A 2U Rackmount Fanless Case Designed for Silent Computing in Industrial Applications
Cooling Systems

Akasa Introduces Kepler: A 2U Rackmount Fanless Case Designed for Silent Computing in Industrial Applications

LIAN LI Introduces the Platinum Certified SX PSU Series
PC components

LIAN LI Introduces the Platinum Certified SX PSU Series

Micron Ships Automotive UFS 4.1
Enterprise & IT

Micron Ships Automotive UFS 4.1

Apple introduces Digital ID
Enterprise & IT

Apple introduces Digital ID

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

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