Bitfinex Hacked, Bitcoin Confirmed Stolen
On August 2, 2016, it has been reported that the major cryptocurrency exchange, Bitfinex, was hacked with some customers losing Bitcoin as a result. Additionally, BitGo has commented on the event. The Breach of Bitfinex. Bitfinex itself confirmed the hack in a press release earlier today, saying they have halted all trading on the platform. Additionally, all deposits to and withdrawals from Bitfinex have been temporarily stopped. The exchange does not have much information about the hack, but the press release confirmed that customers of the exchange have lost Bitcoin following the breach.....
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Cryptocurrency exchange Kucoin may have been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Singapore-based exchange confirmed the September 25 security breach, but did not disclose the amount stolen. “Bitcoin, ERC-20 and, other tokens in Kucoin’s hot wallets were transferred out of the exchange,” said Kucoin in an update on Saturday. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has....
Prominent Hong Kong-based bitcoin exchange Bitfinex has announced that it has halted all trading on its platform while investigating a breach that has seen customers lose their funds due to theft. Bitcoin exchange Bitfinex has halted all trading on its platform, including all deposits and withdrawals. An announcement on its website has confirmed that Bitfinex users have had their bitcoins stolen, while the exchange investigates the security breach. No figures on the stolen bitcoin or the number of users impacted have been revealed yet. The statement read: We are investigating the breach to....
Hong Kong-based bitcoin exchange Bitfinex announced around 5 a.m. EDT today the startup's hot wallets were compromised and some bitcoin were stolen. The exchange also advised its users to immediately stop depositing bitcoin to old addresses in their Bitfinex account. It is unclear how much has been lost in the hack, but according to a company statement, the hot wallets held only 0.05 percent of the exchange's bitcoin holdings. Though still unconfirmed, RedditorgowithBTC followed a string of transactions on the blockchain to what he believes is Bitfinex's hot wallet. If correct, it would....
South Korean bitcoin exchange Yapizon was hacked earlier this week, losing more than US$5 million worth of user funds and bitcoin. According to the exchange’s official statement translated by CCN, four hot wallets of the exchange were hacked by an unknown group of hackers. The Yapizon legal team noted that approximately 37 percent of user funds were hacked and exactly 3,816 bitcoins were stolen from the exchange. Users of Yapizon outraged over the exchange’s decision to spread losses from the theft equally amongst all bitcoin accounts. Considering that the exchange lost 37 percent of its....
In the end, the announcement of BFXCoin will not do much for users. This is nothing more than a digital IOU, with a promise by Bitfinex to repay customers. The recent Bitfinex hack has caused a lot of confusion among cryptocurrency enthusiasts, and will continue to do for the time being. However, it also became apparent the company will penalize all of its users to recover the losses somehow. Moreover, the exchange will issue its own coin which acts as an IOU. When Bitfinex got hacked, the Bitcoin community was greeted with yet another shock. As a result, the price per Bitcoin started to....