Bitfinex Gives an Investigation Update

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.....

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....

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,....

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....

Bitfinex, a mobile trading platform, has rolled out a major new update to their iOS and Android apps. Its main competitors, OKCoin and zTrader, are also working on making their app more attractive to customers. Bitfinex is a popular Bitcoin, Litecoin and Darkcoin trading platform. It has introduced a swathe of new features, graphical changes, optimizations, and bug fixes. The major update, ‘Update 1.9.5’, made the following changes to Bitfinex’s iOS and Android apps: Obviously, the big news here is that the Bitfinex iOS app has announced its public release. However, the introduction of....