• HONG KONG (Reuters) — Hong Kong-based crypto-currency exchange Bitfinex, from which hackers stole about US$72 million worth of bitcoin this week, said on Friday that it expected to “socialize” the losses among bitcoin balances.
  • The theft accounted for about 0.75 percent of all bitcoins in circulation.
  • The price of bitcoin plunged more than 23 percent on Tuesday when news of the hack became public, trading as low as $465.28 on the BitStamp platform BTC=BTSP.
  • In dollar terms, the theft of the 119,756 bitcoin revealed on Tuesday was the second-biggest security breach ever of a digital currency exchange.
  • The exchange, which is known for its liquidity in the U.S. dollar/bitcoin currency pair, did not explain what that would entail.

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