Bitfinex Takes Measures to Recover from Hack

Bitfinex Group, who lost over $60 million in an attack earlier this month, has described the steps it is taking in order to try and recover from the loss. In a recent post the company explained that it is working to prevent the theft and secure the Bitfinex platform against further attack. In this regard it has been investigating the breach that led to the stolen funds and is working with international law enforcement to identify the perpetrators, trace the property and attempt to recover it.

To attempt to mitigate the damage to customers, the company explained it was taking action to repay accounts, stating: ‘The Losses have been allocated ratably among Bitfinex Group customers with Bitfinex custody accounts in an effort to as closely as possible mirror what the Bitfinex Group considers would happen if it were placed into liquidation and its property distributed to its creditors. A pro rata share of the Losses is reflected in your account balance. In an effort to address your portion of the Losses, the Bitfinex Group is committing to deploy its efforts to make you whole to the extent of the full amount of your pro rata portion of the Losses.’



Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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