Bitfinex Hacked, $65 Million in Bitcoin Stolen

In a message to Bloomberg News, Bitfinex confirmed that hackers took 119,756 bitcoin, or about $65 million at current prices. Bitcoin’s value against the US dollar as of the time of the article, the 3rd of August, has dropped by 13%.

Bitfinex said that all trading has been halted, including withdrawals and deposits. As soon as the breach was discovered, everything was shut down. Law enforcement has been brought in, and although the exchange has confirmed that users are missing coins, we are unclear as to what the next step will be.

Although both ethereum and USD are held in Bitfinex wallets, a spokesperson says only bitcoin balances were affected by the hack.

Fred Ehrsam, co-founder of Coinbase, a cryptocurrency wallet and trading platform, wrote in an e-mail. “Yes — it is a large breach, Bitfinex is a large exchange, so it is a significant short term event, although Bitcoin has shown its resiliency to these sorts of events in the past.”

Bitfinex wrote in a blog post: “We will look at various options to address customer losses later in the investigation. We ask for the community’s patience as we unravel the causes and consequences of this breach.”

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Read more ... source: TheBitcoinNews