Divide it equally: Bitfinex to distribute losses among BTC balances

The exchange representative Zane Tackett informed that the company plans to “socialise” the $72 mln loss between all bitcoin holders. The users not affected by the hack do not seem very happy.

“We are still working out the details so nothing is set in stone, however we are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions. The numbers being quoted are erroneous as nothing has been decided as of yet and we are still in the process of settling positions and balances. More details are to follow tomorrow along with a FAQ answering most of the questions we have been asked over the past couple days,” Zane Tackett wrote on Reddit.

He emphasised that this measure will not affect accounts holding other cryptocurrencies traded on Bitfinex.

Because there was no clear explanation of how exactly the loss distribution would be carried out, this announcement provoked a very controversial reaction among the commenters. Many are indignant that the exchange they find responsible for the hack makes users pay for the robbery.