The value of the bitcoin has dropped by over 10 percent following the recent security breach and theft of cryptocurrency from the Hong Kong-based digital currency exchange platform Bitfinex, media reported Wednesday.
MOSCOW (Sputnik) — On Tuesday, Bitfinex said they had discovered a security breach that required all trading to be halted, as well as the suspension of all digital token deposits and withdrawals from Bitfinex.
Nearly 120,000 units of the digital currency were stolen, which according to various media reports equates to from $65 million to $72 million.
Cryptocurrencies have no material form and global currency regulation does not apply to them. An unlimited number of anonymous sources can issue and use such currencies.