119,756 BTC (more than $60m) were stolen – bitcoin price drops 27% in three days
Hong Kong digital currency exchange Bitfinex has taken its trading platform offline following a reported hack that resulted in the theft of customer funds. According to a statement posted on its website, Bitfinex has suspended trading, deposits and withdrawals. Bitfinex representatives confirmed 119,756 BTC (more than $60m) has been lost or stolen from the exchange.
The price of bitcoin fell sharply on August 2nd exacerbating an already ongoing decline as global market participants reacted to news that one of the largest digital currency exchanges had been hacked. Bitcoin prices fell to $560.16 by 19:30 UTC, $530 by 23:30 and $480 at press time (23.54), CoinDesk USD Bitcoin Price Index (BPI) data reveals. This price was roughly 20% lower than the day’s opening of $607.37 and 27% below the high of $658.28 reached on Saturday, 30th July, when the digital currency began pushing lower.
Compared to the peak of the last 12 months reached on June 16 ($768,24), the BITCOIN price level is 33% lower.
Arthur Hayes, CEO of bitcoin leverage trading firm BitMEX, emphasized that this event had a clear and measurable effect on bitcoin prices. He told CoinDesk: „A high profile hack is not good for sentiment and curtails the ability for market makers to keep an orderly market.”
Market observer and trader Jacob Eliosoff provided similar input, telling CoinDesk that the event had sparked a new wave of uncertainty.
Source: coindesk.com
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
