Bitfinex apportion losses from cyber-attacks between clients

in #bitcoin8 years ago

Exchange inclined to think, to distribute the loss of 120 thousand BTC between all holders of bitcoins and those borrowed dollars for margin trading in the BTC / USD pair. He told her representative Zane Tuckett.


"We are still working on the details, so that nothing final has been decided, but we are inclined to the scenario the allocation of loss among the balance in Bitcoin and active loans in a couple of VTC-USD ... More details will be known tomorrow; also we will answer most of the questions that were asked in the past two days, "- wrote Zane Tuckett on Reddit forum. He noted that the loss will not affect the distribution of owners of other cryptocurrency works with Exchange.


In the absence of any specific explanation of how the distribution of funds will take place, intentions data caused very mixed assessment of users who are watching the discussion. Many are outraged that the Exchange intends to force the owners of unbroken accounts to cover losses suffered.


"Does this mean that if burglars broke into the cells of the bank, the bank will open other cells to distribute the money among the victims? Because it is here and offers Bitfinex. You understand what a stupid analogy ", - writes guywithtwohats.


In the same Crypto_Economist42 branch offered another comparison.


"It would be right to compare this with the bank, which has 10 cash vaults, and one of them is robbed. In this case, the account holders whose money was of robbing the vault may sue the bank. If the bank can not pay, it will go bankrupt, and the money from the 9 warehouse will be used for compensation of creditors' claims. "


Some believe that Bitfinex bankruptcy would be the best outcome for all, because the market was incompetent and insolvent. Others argue that the exchange Mt. Gox has already passed through the bankruptcy procedure, but no one but lawyers still have not received their money back.


Hong Kong Exchange Bitfinex plans to gradually restore user access to the site, after unknown hackers who have gained access to the keys exchange, stole 119 756 BTC; According to Reuters, it is 0.75% bitcoins in circulation. While theft is being investigated, the removal of deposits and currency exchange suspended. Bitfinex promised to pay to the victims at the rate at the time of cyber attacks: $ 604.06 per

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