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Bitfinex Suspends Operations after Security Breach

Posted on August 2, 2016 by Dissent

Gautham N reports:

One of the leading cryptocurrency exchanges has suspended operations following a security incident which led to the loss of Bitcoin held on the exchange. The breach in the platform’s security was discovered earlier today, after which Bitfinex put all trading activities on hold.

According to the statement published by Bitfinex, the breach has affected Bitcoin wallets, leaving other cryptocurrency offerings untouched. Law enforcement authorities have been notified about the incident and the company will be cooperating with them during the investigation.

Read more on BTC News.

Related posts:

  • Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Cryptocurrency Stolen from Bitifinex in 2016
  • Three North Korean Military Hackers Involved in Sony Pictures Hack, Wanna Cry, and Numerous Other Attacks Indicted in Wide-Ranging Scheme to Commit Cyberattacks and Financial Crimes Across the Globe
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