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Another huge bitcoin heist, worth $72 million when bitcoin poofed from Bitfinex

Discussion in 'Network World' started by RSS, Aug 3, 2016.

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    The Hong Kong-based bitcoin exchange Bitfinex suspended trading on Tuesday after discovering a security breach. A hacker or hackers pulled off a massive heist of nearly 120,000 bitcoins. At the time of the theft, 119,756 bitcoins would have been worth about $72 million; after the breach announcement, the price of bitcoin crashed; current exchange rates place the value at around $65 million.

    “Some of our users have had their bitcoins stolen,” Zane Tackett, Bitfinex’s director of community and product development, said on Reddit. “The bitcoin was stolen from users’ segregated wallets,” he told Reuters.

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