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Bitfinex News

The Bitfinex exchange is a popular platform for exchanging cryptocurrencies, also hosting spot and derivatives trading as well as certain lending, borrowing and staking features. Bitfinex came into existence in 2012. Bitfinex fees for spot trading are 0.10% for maker orders and 0.20% for taker orders. For derivatives trading, maker orders give customers a 0.02% rebate, while taker orders incur a 0.075% fee. Trading fees vary for each customer based on their trading volume and activity. Bitfinex also has its own utility crypto token called Unus Sed Leo (LEO). Because it restricts a number of regions, Bitfinex U.S. customers are not allowed. On Bitfinex, KYC and Anti-Money Laundering procedures are employed.

Back in 2016, there was a Bitfinex hack in which 119,756 Bitcoin (BTC) was stolen. Back then, 119,756 BTC was valued at about $72 million total.

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Unlike other views, a fintech enthusiast, sees Bitfinex’s manner of handling the hack with its customers as commendable.

Justice on Blockchain: Did Bitfinex Handle its Problem Well?

Olusegun Ogundeji

2016-08-11T11:19:00+01:00

314

Hackers exploit the middleman in centralized exchanges which is a central point of failure. Cointelegraph spoke to Mihail Mihaylov, Bitsquare’s Chief Decentrali...

Centralized Exchanges are “Honeypots for Thieves”, Says Expert

Olusegun Ogundeji

2016-08-09T14:54:00+01:00

740

According to Cornell Professor Emin Gün Sirer, BitFinex’s decision to short its customers 36% in the wake of its hack may not be a legally viable option.

Will Bitfinex's "Loss Socialization" Hold Up in Court?

Joël Valenzuela

2016-08-08T14:15:00+01:00

461

Following the theft of ~$70Mn worth of bitcoins on 2nd August, Bitfinex has calculated how much each customer would stand to lose: 36%.

Bitfinex Users to Lose 36%

2016-08-07T13:20:00+01:00

459

After losing nearly US$70 million worth of Bitcoin, Hong Kong-based exchange Bitfinex is considering spreading the loss amongst Bitcoin holders in the exchange.

Bitfinex May Spread the Loss of US$70 Million Among Users; Repay?

2016-08-05T17:45:00+01:00

553

Bitfinex has discovered a security breach that requires a halt to all trading on its platform. Bitcoins belonging to some of its users are stolen.

Bitfinex Reports Security Breach, Bitcoin Price Slumps

Olusegun Ogundeji

2016-08-02T21:00:00+01:00

1699

A Bitfinex maintenance delay and the auctioning off about $19 mln worth of Silk-Road-related Bitcoins thought responsible for the drop in the price of Bitcoin o...

Silk Road-Related Auction, Bitfinex Timeout Responsible for Slide in Bitcoin Price

Olusegun Ogundeji

2016-06-21T15:15:00+01:00

615

The popular Bitcoin, Litecoin and Darkcoin trading platform, Bitfinex, has rolled out a major new update to their iOS and Android apps.

Major Bitfinex App Update Sees Multitude of Changes

Charlie McCombie

2016-03-17T17:10:00+00:00

527