Article 1PSC2 All Bitfinex clients to share 36% loss of assets following exchange hack

All Bitfinex clients to share 36% loss of assets following exchange hack

by
Reuters and staff
from Technology | The Guardian on (#1PSC2)

Cryptocurrency platform to issue compensation for 55m bitcoins theft in form of credit tokens

Bitfinex, the cryptocurrency exchange that lost $72m (55m) to hackers last week, has told customers they will lose just over 36% of the assets they had on the platform but will be compensated for these losses with tokens of credit.

The Hong Kong-based exchange said in a blogpost that losses from the theft would be shared, or "generalised", across the company's clients and assets, widening the group of those affected beyond those announced last week. "This is the closest approximation to what would happen in a liquidation context," Bitfinex said on its website early on Sunday. "Upon logging into the platform, customers will see that they have experienced a generalised loss percentage of 36.067%."

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