Bitfinex, the Hong
Kong-based exchange that was hacked, has started to bring its platform back
online. It was shut down last week after 119,756 bitcoins, worth more than $65
million based on exchange rates at the time, were stolen from some users'
accounts.
Bitfinex said it decided
"after much thought, analysis and consultations" to generalize the
losses across all users. That means even people who weren't affected by the
hack will find that 36% of the value of their accounts will be replaced by a
"token" labeled BFX.
The company said it will use
those tokens to keep track of customers' losses and will work to compensate the
accounts in the future. Bitfinex said those discussions are "in early
stages" and "will likely take time to play out."
"The BFX tokens will
remain outstanding until redeemed in full by Bitfinex or possibly
exchanged" for shares of Bitfinex's owner, iFinex Inc., the company said
in a statement.
The exchange's website was
back up Monday, allowing users to consult their accounts. But trading, deposits
and withdrawals remain suspended.
Bitfinex said more functions
would be restored over the coming days.
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