One of the most direct impacts of the Bitfinex hack could be seen in the price of bitcoin, which plunged after the news broke.
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As the world was looking for an answer to the banks going under, bitcoin rose on the promise of no more boom.There are three prominent hacking cases of bitcoin exchanges in recent years.
Why the latest bitcoin hack should make you worried aboutRisk of Bitcoin Hacks and Losses Is Very. risk posed by exchanges is whether customers are reimbursed after closure or after the loss of bitcoins following a hack.Even those most centrally involved in Bitcoins agree that prior to the MtGox hack Bitcoin was in a bubble.
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