Crypto Mining Blog
It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
Search
Security Breach on Bitfinex, Trading Was Halted
2 Aug2016
The crypto currency exchange Bitfinex has officially announced that it has experienced a security breach and as a result had to halt trading and stop access for everyone until the situation is resolved. As a result of the hack it seems that the funds of some users of the exchange have been stolen, but nobody knows how bad the situation was apparently. The markets have immediately responded with a sharp drop of the Bitcoin price, a further drop of the already declining BTC exchange rate in the last days…
Below is a quote of the official announcement about the security breach at Bitfinex:
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.
We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.
The theft is being reported to — and we are co-operating with — law enforcement.
As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected.
We will post updates as and when appropriate on our status page, bitfinex.statuspage.io. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach.
- Publihsed in: Crypto News
- Related tags: Bitfinex, Bitfinex exchange, Bitfinex hack, Bitfinex security breach
Check Some More Similar Crypto Related Publications:
- Bitcoin Core Version 0.12.0 Officially Released
- New AMD Radeon RX 6700 XT GPU To Be Announced on March 3rd
- CudaMiners, a New Forum for Miners Using Nvidia-based GPUs
- Official Trailer of the Feature Film Life On Bitcoin
- BTC Guild Launching a Scrypt Pool Called ScryptGuild
- The Minebox NAS Pre-Sale Starts on March 3rd
- CEX.io Adding LTC Mining to their Pool, LTC Cloud Mining Coming?
- The Official Litecoin.com Website Has Been Compromised
- Zeus Could Start Shipping Their Scrypt ASIC Miners Earlier
- Dell to Expand Bitcoin Acceptance to UK and Canada
- NiceHash Getting Ready to Release NiceHash Miner 2.0
- ZeusMiner’s New Lower Power Usage Scrypt ASICs Up for Pre-Order
- Mining Rig Rentals Has Added Blake-256 and X13 Algorithms
- HiceHash Has Been Down for a While, Now Officially Confirmed it Has Been Hacked
- More Bitcoin Exchanges React to the BitLicense
- Ethereum Hard Fork is Now Planned For 20th of July
- NiceHash Has Added Support for the X11-Gost Algorithm
- RINO Enterprise Wallet launches free Community Edition
- Bitcoin Black Friday is Coming, Are You Prepared
- The BitcoinTalk Forum is Currently Down
- Did You Get Your MtGox Post Card from the Tokyo District Court
- The Crypto Currency Exchange Kraken Adds DOGE to USD and EUR Trading
- Alpha Technology To Increase the Hashrate of Their Scrypt ASICs After All
- New Lower Litecoin Difficulty For the Next 3 Days
- Ethereum Classic (ETC) is the Opposition to Ethereum’s Hard Fork