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Topic: [2016-08-04] Bitcoin Price Regains Ground as Traders Brace for Bitfinex News (Read 292 times)

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Activity: 162
Merit: 10
Need money
Hi ...

I've just heard that BITFINEX are about to announce that they are effectively insolvent and will not be able to honor outstanding accounts as a result of this so-called " HACK"!!!!

IS THIS TRUE?Huh

Does anyone know whats ACTUALLY happening  ? I gather our accounts are frozen.
What exactly are the details of this HACK!!!?Huh How was it done Huh
 
I assume we are talking "bank robbery" as opposed to BTC crack as general media would prefer to have us believe.

This is F%&$&g GOX..... ALL OVER AGAIN !!!!! Angry Angry Angry Angry Angry Angry
hero member
Activity: 644
Merit: 509
coindesk-bpi-chart (39)

Following a 20% decline in the price of bitcoin this week, uncertainty continues to cast a shadow on broader market activity.

Bitcoin prices fell to a low of $480 on Tuesday amidst news Hong Kong exchange Bitfinex had lost nearly 120,000 BTC in a high-profile hack. But while the price has recovered to $580 at press time, the $68m loss and the subsequent shutdown of the exchange has sent shockwaves throughout the industry.

Days after Bitfinex first halted trading, much about the path forward for the company remains unknown, including whether it will be able to reimburse investors who lost funds in the incident.

All of this is creating a difficult market for traders, according to Petar Zivkovski, director of operations for bitcoin trading platform Whaleclub.

http://www.coindesk.com/bitcoin-price-regains-market-will-bitfinex-close/
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