Bitcoin traders making 700% returns lose millions to hackers

5 months ago Comments Off on Bitcoin traders making 700% returns lose millions to hackers

<p>That lucrative practice came to a stunning halt last week after Bitfinex said it was hacked for 119,756 bitcoins, worth about $ 70 million at current prices. While his U.S. dollars were not stolen, Tian is being forced to forfeit 36 percent of his deposit—about $ 160,000—as part of a rescue plan the exchange is imposing on all its customers. He said that will more than wipe out the profits he made through lending money.</p>
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