Hackers stole about $65 million of the digital currency, and this leads to the halt of the largest exchanges trading, and even Bitcoin got leapt.
Bitcoin collapsed to 5.5% against the dollar on Wednesday in Japan’s capital Tokyo. This is bought their two-day drop to 13%, and even the prices are also dropped 6.2% on Monday. The things are unclear and unknown that initial move was related to the hack.
Hackers have negotiated the Bitcoin exchange Bitfinex, and the details are announced by the company on Tuesday about the withdrawing nearly $61 million from various accounts of the consumer.
The things about this security breach are still unclear, but the attackers seem to have bypassed the Bitfinex’s directed limits on the withdrawals. The statement says “The theft is being reported, and we are co-operating with the law enforcement,” and “We ask for the community’s patience as we unravel the causes and consequences of this breach.”
As we directly notified our customers earlier today, our investigation has found no evidence of a breach to any BitGo servers.
— BitGo (@BitGo) August 2, 2016
Bitcoin Exchange stopped trading after discovering the hack. The trading is halted at 2 PM GMT by Bitfinex for blocking further thefts, and the users can check the block-chain for verifying their accounts were affected or not.
Some of the users have mentioned about their loss of Bitcoins from their wallets, and these details are posted on Reddit.
Some of the users have mentioned about their loss of Bitcoins from their wallets, and these details are posted on Reddit. Bitfinex community director Zane Tackett estimated that the value of the theft is 119,756 bitcoin or roughly $61 million as per the current exchange rates.
There is no clarification whether Bitfinex can bear the loss of that magnitude and there is still possible some or all of the funds could be recovered. Tackett has mentioned in another thread that “We are focused on tracing the coins and working with the relevant authorities at this time”.