Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack

  • HONG KONG (Reuters) – Hong Kong-based crypto-currency exchange Bitfinex, from which hackers stole about US$72 million worth of bitcoin this week, said on Friday that it expected to “socialize” the losses among bitcoin balances.
  • The theft accounted for about 0.75 percent of all bitcoins in circulation.
  • The price of bitcoin plunged more than 23 percent on Tuesday when news of the hack became public, trading as low as $465.28 on the BitStamp platform BTC=BTSP.
  • In dollar terms, the theft of the 119,756 bitcoin revealed on Tuesday was the second-biggest security breach ever of a digital currency exchange.
  • The exchange, which is known for its liquidity in the U.S. dollar/bitcoin currency pair, did not explain what that would entail.

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@bitcoinagile: “Bitfinex says expects ‘socialized loss’ for $72 million #bitcoin hack #Tech #SMM”


By Clare Baldwin HONG KONG (Reuters) – Hong Kong-based crypto-currency exchange Bitfinex, from which hackers stole about US$72 million worth of bitcoin this week, said on Friday that it expected to “socialize” the losses among bitcoin balances. In dollar terms, the theft of the 119,756 bitcoin


Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack

Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack

  • HONG KONG (Reuters) – Hong Kong-based crypto-currency exchange Bitfinex, from which hackers stole about US$72 million worth of bitcoin this week, said on Friday that it expected to “socialize” the losses among bitcoin balances.
  • The theft accounted for about 0.75 percent of all bitcoins in circulation.
  • The price of bitcoin plunged more than 23 percent on Tuesday when news of the hack became public, trading as low as $465.28 on the BitStamp platform BTC=BTSP.
  • In dollar terms, the theft of the 119,756 bitcoin revealed on Tuesday was the second-biggest security breach ever of a digital currency exchange.
  • The exchange, which is known for its liquidity in the U.S. dollar/bitcoin currency pair, did not explain what that would entail.

Read the full article, click here.


@bitcoinagile: “Bitfinex says expects ‘socialized loss’ for $72 million #bitcoin hack #Tech #SMM”


By Clare Baldwin HONG KONG (Reuters) – Hong Kong-based crypto-currency exchange Bitfinex, from which hackers stole about US$72 million worth of bitcoin this week, said on Friday that it expected to “socialize” the losses among bitcoin balances. In dollar terms, the theft of the 119,756 bitcoin


Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack

Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack

Bitfinex says expects 'socialized loss' for $72 million bitcoin hack

  • HONG KONG (Reuters) – Hong Kong-based crypto-currency exchange Bitfinex, from which hackers stole about US$72 million worth of bitcoin this week, said on Friday that it expected to “socialize” the losses among bitcoin balances.
  • The theft accounted for about 0.75 percent of all bitcoins in circulation.
  • In dollar terms, the theft of the 119,756 bitcoin revealed on Tuesday was the second-biggest security breach ever of a digital currency exchange.
  • The price of bitcoin plunged more than 23 percent on Tuesday when news of the hack became public, trading as low as $465.28 on the BitStamp platform BTC=BTSP.
  • “We are still working out the details,” Bitfinex said on its website, ” we are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions.

Read the full article, click here.


@YahooFinance: “Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack”


Hong Kong-based crypto-currency exchange Bitfinex, from which hackers stole about US$72 million worth of bitcoin this week, said on Friday that it expected to “socialize” the losses among bitcoin balances. In dollar terms, the theft of the 119,756 bitcoin revealed on Tuesday was the second-biggest


Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack

Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack

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  • (Reuters) – Supporters of Republican Donald Trump urged him to get back on message on Thursday after a week of dropping opinion poll numbers and a war of words with ranking Republicans over his U.S. presidential campaign.
  • HONG KONG (Reuters) – Hong Kong-based crypto-currency exchange Bitfinex, from which hackers stole about US$72 million worth of bitcoin this week, said on Friday that it expected to “socialize” the losses among bitcoin balances.
  • The Islamic State on Wednesday announced that Abu Musab al-Barnawi is the new leader of its West Africa Province.

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@unbeatablemedia: “Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack: By Clare Baldwin HONG KONG (Reuters) – …”


By Clare Baldwin HONG KONG (Reuters) – Hong Kong-based crypto-currency exchange Bitfinex, from which hackers stole about US$72 million worth of bitcoin this week, said on Friday that it expected to “socialize” the losses among bitcoin balances. In dollar terms, the theft of the 119,756 bitcoin


Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack

Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack

  • The Royal Bank of Scotland said it made a net loss of £1.077 billion in the three months to June 30 More ” Royal Bank of Scotland slumps into second-quarter loss
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  • HONG KONG (Reuters) – Hong Kong-based crypto-currency exchange Bitfinex, from which hackers stole about US$72 million worth of bitcoin this week, said on Friday that it expected to “socialize” the losses among bitcoin balances.
  • Quotes and other information supplied by independent providers identified on the Yahoo!
  • The history of bitcoin is littered with spectacular digital heists.

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@bitcoinagile: “Bitfinex says expects ‘socialized loss’ for $72 million #bitcoin hack #Forex #BinaryOption”


‘Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack’ on Yahoo Finance UK. Hong Kong-based crypto-currency exchange Bitfinex, from which hackers stole about US$72 million worth of bitcoin this week, said on Friday that it expected to “socialize” the losses among bitcoin balances. In dollar terms, the theft of the 119,756 bitcoin revealed on Tuesday was the second-biggest security breach ever of a digital currency exchange. The theft accounted for about 0.75 percent of all bitcoins in circulation.


Bitfinex says expects ‘socialized loss’ for $72 million bitcoin hack