$72 million Bitcoin theft from Bitfinex exchange causes cryptocurrency price plunge

The theft of 119,756 Bitcoin from the Bitfinex exchange has seen the price of the cryptocurrency plummet by 23 percent. In what has been described as the second biggest Bitcoin theft after MtGox, $72 million worth of Bitcoins vanished from user's accounts It seems that Bitfinex suffered a massive security breach when it was hit by hackers who started to filter money out of segregated wallets. Despite the hack, the exchange says that this incident doesn’t "expose any weaknesses in the security of a blockchain". The attack on Bitfinex is particularly significant, as it is the largest dollar exchange in… [Continue Reading]