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Bitfinex Gets Robbed For 120,000 Bitcoins
Wednesday August 3,2016 : BITCOIN EXCHANGE HALTS TRADING FOLLOWING SECURITY BREACH
Loss could be as high as 119,756 bitcoins (US$61 million at current exchange rates says company exec.
Posts on the Reddit social networking forum Tuesday indicate that the Hong Kong-based Bitcoin exchange Bitfinex has halted trading following an alleged security breach by hackers that may have resulted in the theft of 119,756 bitcoins (around US$ 65 million at current exchange rates.)
Bitfinex director Zane Tackett was unable to clarify details of the breach, and especially how the hackers managed to get around the strict limits on withdrawals, but posted that his company was working with law enforcement on the theft
The company assured clients in a blog posting that clients would not lose out due to the breach, stating:
“As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices… We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation.”
The magnitude of the theft has reportedly triggered a drop in the overall value of Bitcoin, with the cyber-currency trading down to $536 on Wednesday.
The Bitfinex theft is not the largest on record in the cyber currency - that remains with the Japan-based Mt. Gox which claimed in 2014 that it had lost $450 million following a security breach.
Opap in memorandum of understanding With Inspired -
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DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
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William Hill Exits Russia -
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Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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