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Bitcoin worth $72 million stolen from Bitfinex exchange in

News broke this past Tuesday that Bitcoin is currently facing a 120,000 unit theft from its Bitfinex platform in Hong Kong.News of the hack broke at around the time Hong Kong was dealing with Typhoon Naida, a storm with winds up to 137kph that closed streets and most businesses.This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization.

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The exchange did not confirm if it had any plans to reimburse affected customers.

The company said customer bitcoin wallets are held separately, which limited the scale of the breach.History. In 2016, Bitfinex was the subject of the Bitfinex hack.Bitfinex suspended trading on Tuesday after it discovered the breach.

Hackers steal $72 million in Bitcoin - General Discussions

If you bought $100 of bitcoin 7 years ago, you'd be

$72 Million In Bitcoins Stolen From Hong Kong Exchange

It is not yet clear whether the theft was an inside job or whether hackers were able to gain access to the system externally.

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$72 Million In Bitcoins Stolen From Hong Kong Exchange | KPBS

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$72 million Bitcoin theft from Bitfinex exchange causes

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The Hong Kong-based bitcoin exchange Bitfinex suspended trading after discovering a security breach.A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France,.

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In a previous article, we saw how 83% of stolen company dollars goes to Hong Kong and China.SC Media arms cybersecurity professionals with the in-depth, unbiased business and technical information they need to tackle the countless security challenges they face and establish risk management and compliance postures that underpin overall business strategies.

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Bitfinex halted all trading, digital token deposits and withdrawals.

$72 Million Worth of Bitcoins Stolen in Bitfinex Exchange

Bitfinex took to its website to announce the hack but did not detail exactly how much was lost, or how the heist was carried out.You must be a registered member of SC Media US to post a comment.This is second major theft in the history of a bitcoin exchange.He has been busy answering customer inquiries, promising updates will be posted to the social network site tomorrow.I would like to receive relevant information via email from Haymarket Media.The company said it had reported the theft to law enforcement and was cooperating with top blockchain analytic companies to track the stolen coins.