Skip to content
Subscriber Only

Hacked Bitcoin Exchange Getting Back Online After Users Lose 36%

  • Bitfinex platform restarting with limited trading functions
  • Users will jointly share losses after hacking attack
Video player cover image

The Lessons Learned From the Bitcoin Exchange Hacks

The Hong Kong-based bitcoin exchange that lost about $71 million to hackers said it is beginning to bring its system back online, after telling users they will lose 36 percent of their deposits.

To compensate its customers, Bitfinex said account holders will receive tokens that may later be redeemed or exchanged for shares in its parent company. Bitcoin was trading at around $595 in Tokyo on Monday, based on prices from Coinbase, up from a low of $577.23 when the security breach occurred. The exchange said it was bringing its accounts online again, although users now will only be able to see their balances without being able to trade.