Problematic plan: Crypto-currency exchange Bitfinex's plan to impose losses on all its trading clients for the theft by hackers of US$72mil (RM289.37mil) in Bitcoin is open to legal challenge, according to lawyers. — Reuters
HONG KONG: Crypto-currency exchange Bitfinex's plan to impose losses on all its trading clients for the theft by hackers of US$72mil (RM289.37mil) in Bitcoin rests on two flawed pillars, according to lawyers.
The Hong Kong-based exchange said on Aug 2 that hackers had stolen 119,756 bitcoins from some clients' accounts, the second-biggest such hack in dollar terms, and later said it would spread the losses across all its customers, whether or not they had been hacked or even held bitcoin.
