Bitfinex Updates Its Users on the Progress of the Investigation
Bitfinex has recently published an update about the ongoing investigation into the recent hacking incident. Bitfinex, the Hong Kong-based cryptocurrency platform is finally ready to share more information about the recent security breach. The digital currency platform has made preliminary findings of the investigation public in its recent update. On August 2, 2016, Bitfinex detected a security breach that resulted in the theft of 119,756 bitcoin worth over $72 million as per the bitcoin price on that day. The theft has been under investigation since then with Ledger Labs in the lead.....
Related News
More importantly, the question becomes what this investigation means for Bitfinex as a company, and their “legal gray area” shenanigans. It was only a matter of time until Bitfinex would get into legal trouble over their recent hack. One user in Massachusetts has filed a police report to recover his missing bitcoin funds. During the hack, nearly US$70m worth of Bitcoin were stolen, and no users were compensated. Instead, they all saw their balances punished even further to make up for the balance sheet losses. The way Bitfinex handled the whole hacking event was not exactly professional,....
Bitfinex has released documents detailing the company's future plans. However, it has failed to offer any clear explanation or update its customers about the progress of its investigation. Bitfinex, the exchange which got hacked last month leading to losses of about $72 million has released documents about its post hacking incident future. According to reports, the company has released documents detailing its plans to regain customer confidence and bounce back into the game. The long document along with company’s current financial standing was shared by some of the cryptocurrency media....
The FBI is investigating a report filed by an unnamed Bitfinex user alleging that funds were stolen from their account, CoinDesk has learned. According to an incident report filed on 14th September, a Cambridge, Massachusetts, resident stated that they lost $1.3m in bitcoin tied to the hack and subsequent $70m theft from Bitfinex. The Cambridge Police told CoinDesk that the matter had been referred to the FBI after an initial investigation. Bitfinex representatives have previously said that they are working with the FBI as part of its investigation into the hack. The incident report – and....
On August 2nd the Hong Kong-based Bitcoin exchange Bitfinex was compromised for roughly $70 million worth of Bitcoin. According to sources, the attacker managed to drain the exchange through its multi-signature security — gaining 120,000 BTC from the breach. Now the exchange is trying to reach out to the responsible party in an attempt to get its....
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....