All users of hacked HK bitcoin exchange to lose 36% of deposits

Tokyo

HONG KONG-based Bitfinex said all users will lose 36 per cent of their deposits after the bitcoin exchange concluded its review of a US$71 million hacking attack.

To compensate its customers, Bitfinex said users will receive tokens that may later be redeemed or exchanged for shares in its parent company. Following the announcement, bitcoin climbed to US$594 as of 10:55 am on Sunday in Tokyo, based on prices from Coinbase. The virtual currency dropped 12 per cent to US$577.23 in the week through Friday, its largest weekly decline since June, according to Bloomberg prices.