Payback Time, Bitfinex Successfully Recovers From Hack, Paying Everyone Back (The Cryptoverse #242)
Watch The YouTube Version Here:
On Today's Episode Of The Cryptoverse:
Sometimes it's nice to re-connect with an unfinished story and get an update. In August of 2016 Bitfinex was hacked for almost 120,000 Bitcoins. I covered the story at the time and their recovery plan. Now, 8 months later, there is some closure.
Hardware wallets are the only way to truly store your cryptocurrency securely. Ledger provide a range of devices to suit all budgets and preferences.
Checkout my review of the Ledger Nano S by clicking here
Please Support The Cryptoverse And Boost Cryptocurrency Adoption By Becoming A Cryptoversity Patron:
Make a regular contribution and you'll help to secure Cryptoversity's future, get unlimited access to all Cryptoversity courses as well as a private Telegram chat group where you get direct access to me:
https://www.cryptoversity.com/podcast/
Or Pay As You Go With Bitcoin Tips:
1Lak8zkQbUB5FgDD6ci6M82oTVBveuBxBT
Subscribe To The Podcast Here:
https://www.cryptoversity.com/podcast/
Sources:
Cryptocurrency Prices Provided by CoinMarketCap.com
The Original Article On Bitcoin.com
Produced by Cryptoversity.com the online school for learning about Bitcoin, crypto-currencies and blockchains.
https://www.cryptoversity.com
The fact that Bitfinex is making their clients whole is great news. I myself was not affected by the hack and was not sure about the token. It turns out to be a good way to handle it and they held their word. This will be an example for future incidents as there is always a chance this will happen again to some other exchange or company.
This post has been ranked within the top 50 most undervalued posts in the second half of Apr 04. We estimate that this post is undervalued by $0.21 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Apr 04 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.