The post Bitfinex Set to Receive 120,000 BTC for 2016 Hack: Report appeared first on Coinpedia Fintech News
It appears that the United States government is going to compensate Bitfinex, which lost nearly 120,000 Bitcoin (BTC) in a 2016 hack. In a report, the government claims that Bitfinex is the sole entity eligible for this significant compensation, as they have already reimbursed their customers through BFX tokens.
Bitfinex Set To Get 120,000 BTC
In 2016, Bitfinex was hacked, resulting in the loss of nearly 120,000 BTC. Following this, the firm reduced customers’ funds by 36% to cover losses. However, later in 2017, Bitfinex compensated their customers by issuing special tokens named “BFX”, while some customers were also compensated with shares from Bitfinex’s parent company, iFinex.
After examining all the details, the US government comes to a point where they have found that Bitfinex is the primary victim of those 120,000 stolen BTC, not the customer, as the
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