Bitcoin tanks after Hong Kong exchange breach


  • TECH
  • Wednesday, 03 Aug 2016

(FILES) This file photo taken on February 28, 2014 shows a man walking out of a shop displaying a Bitcoin sign during the opening ceremony of the first Bitcoin retail shop in Hong Kong. A major Hong Kong-based Bitcoin exchange on August 3, 2016 has suspended trading after 65 million USD in the virtual unit was reportedly stolen by hackers -- sending the digital currency plunging more than 20 percent. / AFP PHOTO / PHILIPPE LOPEZ

HONG KONG: A major Hong Kong-based Bitcoin exchange has suspended trading after US$65mil (RM264.15mil) in the virtual unit was reportedly stolen by hackers – sending the digital currency plunging more than 20%. 

Bitfinex said it had suspended all transactions after discovering that some users’ Bitcoins had been taken. 

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