Cryptocurrencies Exchange Bitfinex Reports Hack, Over $60 Million in Bitcoin Reported Stolen

A Bitfinex spokesperson said 119,756 bitcoin were stolen in the hack that took place Tuesday.

cyber-crime-hacker-talk-talk

The exchange posted a note on its website at 2:06 pm EST on Tuesday announcing a theft had been reported, and the firm was cooperating with law enforcement. Zane Tackett, Bitfinex's director of community and product development, posted on Reddit that 119,756 bitcoin were stolen in the hack, which is worth roughly $67 million as of Wednesday early afternoon. Only bitcoin was stolen.

"As it stands, we are continuing to investigate the hack and understand exactly how relevant systems were compromised. We are also cooperating with authorities and the top blockchain analytic companies in the space to track the stolen bitcoins. In the meantime, we have been working on getting the platform up and running on a secure instance so that users can log in and see if their accounts have been affected as well as the state of their positions and orders. We hope to have an update with more substance later today UTC time," Tackett said in a post on Reddit.

Bitfinex is the largest exchange in terms of USD-denominated transactions over the past 30 days, according to bitcoincharts.com. Prior to the breach, the exchange had over $400 million in volume, according to the site, which tracks the bitcoin markets.

According to a tweet from Tuur Demeester, editor in chief at cryptocurrencies research firm Adamant Research, this is the third largest heist in the history of bitcoin, behind Silk Road (171,955 BTC) and Mt. Gox (850,000 BTC).

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Enough with the ‘Bloomberg Killers’ already

Waters Wrap: Anthony interviews LSEG’s Dean Berry about the Workspace platform, and provides his own thoughts on how that platform and the Terminal have been portrayed over the last few months.

Banks seemingly build more than buy, but why?

Waters Wrap: A new report states that banks are increasingly enticed by the idea of building systems in-house, versus being locked into a long-term vendor contract. Anthony explores the reason for this shift.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here