HONG KONG: Hong Kong-based cryptocurrency exchange Bitfinex, from which hackers stole about US$72 million this week, yesterday said that it expected to “socialize” the losses among bitcoin balances. In US dollar terms, the theft of the 119,756 bitcoins revealed on Tuesday was the second-biggest security breach ever of a digital currency exchange. The theft accounted for about 0.75 percent of all bitcoins in circulation. The exchange, which is known for its liquidity in the dollar/bitcoin currency pair, previously said it would settle accounts at an exchange rate of US$604.06, the midpoint of the bid and ask on Tuesday.
Amid Hormuz instability, attention shifts to Pakistan’s Gwadar port
GWADAR: Iran has closed and reopened the Strait of Hormuz several times since the US-Iran war began in February. When...
