Bitcoin Price Crashes After Exchange Admits Security Breach, Over $60 MILLION Stolen
Bitcoin prices are crashing on extremely heavy volume – down over 30% in the last 2 days – after Hong Kong-bassed Bitcoin exchange Bitfinex halted all trading after it discovered a security breach. As CryptoCoinsNews reports, the theft of 119,756 bitcoins has now been conclusively confirmed which makes it the largest theft in bitcoin’s space since MT Gox.
Representatives from the exchange told CoinDesk engineers were seeking to uncover issues at press time, though the company had confirmed roughly 120,000 BTC (more than $60m) has been stolen via social media. – READ MORE