Article 1PBDR Bitcoin worth $78m stolen from Bitfinex exchange in Hong Kong

Bitcoin worth $78m stolen from Bitfinex exchange in Hong Kong

by
Samuel Gibbs and agencies
from Technology | The Guardian on (#1PBDR)

In the second biggest security breach of an exchange such as Bitfinex, 119,756 bitcoin was stolen from users' accounts

Almost 120,000 bitcoin worth around $78m has been stolen from Hong Kong-based Bitfinex, one of the most popular cryptocurrency exchanges, causing a 20% drop in the value of the currency.

The hack, which is the largest of its kind and limited to bitcoin wallets held by the company, forced Bitfinex to cease trading and report the theft to law enforcement, the company said in a statement on its website.

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