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Old 08-07-2016, 06:56 PM  
Bladewire
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Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,229
Quote:
Originally Posted by onwebcam View Post
" Bitfinex said it decided "after much thought, analysis and consultations" to generalize the losses across all users. That means even people who weren't affected by the hack will find that 36% of the value of their accounts will be replaced by a "token" labeled BFX.

The company said it will use those tokens to keep track of customers' losses and will work to compensate the accounts in the future. Bitfinex said those discussions are "in early stages" and "will likely take time to play out."

"The BFX tokens will remain outstanding until redeemed in full by Bitfinex or possibly exchanged" for shares of Bitfinex's owner, iFinex Inc., the company said in a statement."


Translation: We stole your bitcoins
How many users were stolen from? Can't find that info anywhere.

$65 million stolen from 10 users or 100? Then everyone loses 36% value and those stolen from don't know it was them and only lose 36%? No insurance to protect the system and avoid adjustments due to theft? No FDIC
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