Hacked Bitcoin exchange Bitfinex will reduce balances by 36% to distribute losses amongst all users

 Late last week we reported that Bitfinex, a popular Hong Kong-based Bitcoin exchange was hacked, losing about $70M worth of customer’s bitcoin. The loss caused the price of Bitcoin to drop about 20%, and it still hasn’t fully recovered to pre-hack levels. In the days following the hack little information was known about how it happened and how Bitfinex would reimburse affected… Read More