Bitfex News

Bitfinex socialized the loss from the hack and reimbursed its customers within eight months, but potential victims can still come forward.

hong kong, hong kong, March 11th, 2024, Chainwire Blast Futures (BFX) — the first DEX to offer native yield on all trader deposits — has launched with huge demand and volume on Blast Mainnet. A winner of the Blast Big Bang Competition and backed by...

120,000 Bitcoin theft Amazon MGM Studios, an Amazon-affiliated film distribution company, has begun production on a new movie, “Razzlekhan,” which is based on the 2016 hacking of the cryptocurrency exchange Bitfinex, according to entertainment media...

Bitfinex’s proprietor is contemplating a $150 million share repurchase as a means of enhancing its operational control over the private company. The reason is more pressing as the emphasis on regulatory aspects continues to grow. Hong Kong-based...

The owner of crypto exchange Bitfinex, iFinex Inc., is considering a share buyback offer of $150 million. This initiative aims to provide relief to the investors, who were originally compensated with BFX tokens after Bitfinex suffered a substantial...

Bitfinex hack victim from 2016 received iFinex shares as a form of compensation as the crypto exchange didn’t have enough cash at hand to make users whole.

Coinspeaker Bitfinex Parent Firm Announces $150M Share Buyback to Protect Hack Victims The proposal outlines a deal that encompasses roughly 9% of iFinexs outstanding capital and assigns a value of $1.7 billion to the company. Bitfinex Parent Firm...

Patricia clarified that it will operate similarly to an IOU (I owe you) document, serving as a means for the exchange to acknowledge its debt to its users.

If you have been closely watching the crypto, or even invested in it, chances are that you are wondering whether the latest bear cycle is over. The truth is that the market remains unpredictable especially in the long-term. Despite this, here are...

BnkToTheFuture co-founder Simon Dixon has proposed a recovery plan similar to the solution offered to Bitfinex after its Bitcoin hack in August 2016 – allowing customers to be compensated for their losses through tokens tied to the...