Hong Kong

Bitcoin Plunges After Hacking of Exchange in Hong Kong

The digital currency Bitcoin plunged on Wednesday after Bitfinex, an exchange based in Hong Kong, said it had been hacked and funds stolen.

With Socialized Loss Proposal, Bitfinex Enters Uncharted Waters

The Bitfinex hack appears to be forcing the exchange to consider unconventional measures as part of a bid to relaunch after last week's $60m hack.

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