Bitcoin stock takes dive after hackers steal $65 million

Bitfinex stock price plunges, recovers after hackers take $65 million worth of bitcoins from customers.

@seanridgeley
Published Wed, Aug 3 2016 4:32 PM CDT   |   Updated Tue, Nov 3 2020 11:59 AM CST

After hackers stole approximately $65 million worth of Bitcoins this week, Bitfinex's price plunged 15 percent. Though the losses have since been erased, customers are still suffering.

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"We will look at various options to address customer losses later in the investigation," Bitfinex wrote in a blog post. "We ask for the community's patience as we unravel the causes and consequences of this breach."

The US dollar is confirmed to have not been affected.

Bitcoin stock takes dive after hackers steal $65 million 2 | TweakTown.com

Cryptocurrency wallet and trading platform Coinbase says that while the event was "significant", Bitcoin has "shown its resiliency to these sorts of events in the past." Still, the worry is there: Mt. Gox was once the largest bitcoin exchange worldwide, but after being hacked in 2014, it went bankrupt.

NEWS SOURCE:bloomberg.com

Sean has a background in journalism, and has been using that to write about gaming and tech since 2008 - first for Neoseeker, then Rage3D, and now, TweakTown. As News Editor, Sean's job is to supply regular stories on the latest happenings in the tech world. He also writes tweak guides to help you get the most out of your PC games and hardware.

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