The Business Times
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Bitcoin slumps after report of breach at major HK exchange

Published Wed, Aug 3, 2016 · 09:50 PM

Hong Kong

A MAJOR Hong Kong-based Bitcoin exchange has suspended trading after US$65 million in the virtual unit was reportedly stolen by hackers - sending the digital currency plunging more than 20 per cent.

Bitfinex said it had suspended all transactions after discovering that some users' Bitcoins had been taken.

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