Lawyers: Legal Options Possible for Bitfinex Customers
Bitfinex customers who got socked for a 36 percent loss on account of the recent hack could have legal recourse against the Hong Kong exchange, according to lawyers from Kobre & Kim, a global law firm, CNBC reported. The Hong Kong exchange, due to the attack’s indiscriminate nature, opted to charge all customers 36 percent, CCN reported. Bitfinex also allocated customers a new token on the “Omni protocol” transferable and remaining outstanding until exchanged for shares in Bitfinex’s parent company or repaid by Bitfinex. Kobre & Kim lawyers Randall Arthur and Jef Klazen noted that....
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A website BitfinexLawsuit.com is inviting Bitfinex customers to join them in a class action lawsuit against the cryptocurrency exchange. The recent hacking incident involving Bitfinex and the damage control measures taken by the exchange is already well-known. As the company continues to investigate the incident, a legal team seems to be preparing itself to file a class action lawsuit against the company. A website BitfinexLawsuit.com is inviting all Bitfinex customers to join hands and fight against the cryptocurrency exchange. Soon after the hacking incident, Bitfinex reported that 119,....
Cryptocurrency exchange Bitfinex has asked its Ontario users to withdraw their funds since they will no longer have access to any services offered by Bitfinex in March.
Bitfinex Stops Providing Services to Ontario Customers
Crypto exchange Bitfinex announced Friday that it is making changes to the services it provides to Ontario customers.
Effective immediately, the firm said that “Ontario customers who do not have balances on the platform will have their accounts closed.”
In addition, those who do not have open positions in the....
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.....
Today at the Money20/20 conference in Las Vegas, Bitcoin exchange platform AlphaPoint announced that Bitcoin exchange Bitfinex would begin using AlphaPoint's services to improve its backend technology. This news is huge for both AlphaPoint and Bitfinex, as well as all of Bitfinex's customers. The partnership will help Bitfinex manage their increasing volume and popularity as a Bitcoin exchange. Important Partnership. Bitfinex currently handles the third-highest volume out of all Bitcoin exchanges, so they should be considered a top exchange. This partnership is certainly a big move for....
A recent blog post from Xapo called “What happens if Xapo gets hacked?” the company discusses the unfortunate Bitfinex heist that took place on August 2, 2016. Xapo says that if they were compromised the company would cover the losses from its own reserve. This is a glaring difference to the many exchanges that failed to reimburse their customers. Cold....