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Saturday March 22, 2025

Bitcoin tanks hacked

By our correspondents
August 04, 2016

Hong Kong: A major Hong Kong-based Bitcoin exchange has suspended trading after $65 million in the virtual unit was reportedly stolen by hackers -- sending the digital currency plunging more than 20 percent.

Bitfinex said it had suspended all transactions after discovering that some users´ Bitcoins had been taken.

"Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex," the company said in a statement posted on its website late Tuesday.

"We are investigating the breach to determine what happened... we will look at various options to address customer losses later in the investigation," it said.

Bloomberg News reported hackers took 119,756 Bitcoins, or about $65 million at current prices, from the platform.