The First “Bitcoin Bail-In”: All Bitfinex Users To Lose 36% In “Shared Loss” After Historic Hack

Sunday, August 7, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Aug 7, 2016

Adding insult to injury for those who “held” their BTC at the hacked exchange, Bitfinex announced it would pull a page right out of Europe’s bank resolution mechanism, saying that all of its users will lose 36% of their deposits after it concluded its review the massive hack, in what is set to be the first ever “bitcoin bail-in.”

The Rest…HERE

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