The price of bitcoin plummeted after Hong Kong-based digital currency exchange Bitfinex was hit by hackers who stole $65m of the digital currency. The steep fall has only exacerbated the gradual decline in the price of bitcoin, which has been observed in the recent past.
Bitfinex confirmed the breach and suspended all trading. It is still unclear as to how many users have been affected by the breach and how they managed to bypass the firm's security to steal the currency. Bitfinex said that the hack has already been reported to law enforcement agencies and added that the breach was limited to bitcoin wallets only. Other forms of digital currencies traded on the platform were unaffected.Read more
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