Bitcoin Trading Platform Bitfinex Compromised, Issues Warning
Bitcoin trading platform Bitfinex is back in the news, but unfortunately, this time for the wrong reason. The trading platform has requested its customers to desist from depositing cryptocurrencies to old deposits addresses after a suspected compromise. Bitfinex issued an announcement, Urgent action required today: "Dear Customer although we keep over 99.5% of users' BTC deposits in secure multisig wallets, the small remaining amount in coins in our hot wallet are theoretically vulnerable to attack. We believe that our hot wallet keys might have been compromised and ask that all of our....
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Bitcoin users need to be awfully careful when downloading wallets and surfing the web. Currently, there are quite a few methods of stealing cryptocurrency floating around, such ass spoof wallets on Apple’s App Store, and phishing emails claiming to be from the recently-hacked Bitfinex exchange. Bitfinex Phishing Attempt. On August 2, well-known exchange....
BitFinex has just been hacked. They lost their hot wallet to a malicious actor. However, due to security practices only a relatively minimal amount has been lost. BitFinex keeps over 99.5% of its customers deposits in secure multisig wallets, so only 0.5% at most was lost. BitFinex is a digital currency trading platform and states itself as currently in a beta phase (testing phase), though they have been in the market for a while now. They have a notable amount of trade and are considered by many to be one of the market leaders. Customers are being asked to cease depositing cryptocurrency....
Hong Kong-based bitcoin exchange Bitfinex has settled with the US Commodity Futures Trading Commission (CFTC) following an investigation into its financed trading activities. Bitfinex settled charges that it offered illegal off-exchange financed retail commodities trading, as well as failed to register as a futures commission merchant. Bitfinex did not admit or deny the CFTC findings, the agency said today. According to an order published today by the CFTC, the issues arose owing to how Bitfinex held functional control over funds tied to leveraged or margin trading on the platform. The....
Bitfinex has confirmed that it is going to generalize the losses incurred from the hacking incident across its user base. Bitfinex, the recently compromised cryptocurrency exchange has confirmed that it will be generalizing the Bitcoin losses across all its customers. A generalized loss percentage of 36.067% will be borne by all Bitfinex users, states the company’s latest status update. The possibility of Bitfinex socializing its losses came up yesterday after the company mentioned it on its blog. While it was just a consideration at that time, today’s update on the platform’s status page....
Bitfinex CSO Phil Potter came under a cloud this past Thursday, after an interview in which he seemed to be admitting to insider trading at Bitfinex. The interview was contained in a podcast that was posted on Vocaroo, an online voice recording service. In the voice recording, Mr. Potter can be heard strenuously clarifying that he was a Bitcoin investor. He adds that he had not been involved in actual trading on his Bitfinex trading platform saying that such an action would be "highly inappropriate". Bitfinex has come out in defense for Mr. Potter. Josh Rossi VP for Business Development....