[2016-08-08] Bitfinex taps users’ Bitcoin accounts to pay for $65m cyber attack

Bitfinex, a Hong Kong-based digital currency exchange, has told users that they will lose 36% of their assets following a cyber attack which lost the company $65m (£49m).

Customers, who use the digital currency exchange to store bitcoins used in transactions, stand to take the fall for the losses incurred by the company, with the $65m (£49m) loss to be shared across the site’s users. Explaining this move, Bitfinex said in a statement:

“Due to the indiscriminate nature of the attack, we have decided to generalize losses across all accounts. Upon logging into the platform, customers will see that they have experienced a generalized loss percentage of 36.067%. In a later announcement we will explain in full detail the methodology used to compute these losses.”

http://www.cbronline.com/news/verticals/finance/bitfinex-taps-users-bitcoin-accounts-to-pay-for-65m-cyber-attack-4973408

Topic: [2016-08-08] Bitfinex taps users’ Bitcoin accounts to pay for $65m cyber attack (Read 321 times)