120,000 Bitcoins Worth $72 million Stolen

Resulting in 20pct Drop in Bitcoin Value

[engine]

It's not known if this was a hack or theft by someone inside the company, but it sure does devalue the currency, and puts a cloud over the safety and security.

Almost 120,000 bitcoin worth around $78m has been stolen from Hong Kong-based Bitfinex, one of the most popular cryptocurrency exchanges, causing a 20% drop in the value of the currency. 120,000 Bitcoins Worth $72 million Stolen [theguardian.com]

[bill]

That's nothing compared to the Mt. Gox drop, but it was a pretty big dip in the price. Looks like the Bitcoin price bottomed out quickly and is steadily rising again. I heard a tech news story talking about this and some security company was denying that it was a hack. Wonder if it was an inside job...