Tag: Steal

Bitfinex To Socialize Losses: Customers Will Lose 36% of Deposited Funds

After missing the announcement deadline, Bitfinex has finally decided to share with its customer the plans for re-enabling withdrawals: Customers funds will receive a 36.067% ‘haircut’ on all assets. At the core of the statement, Bitfinex said: After much thought, analysis, and consultation, we have arrived at the conclusion that losses must be generalized across all accounts and assets. This is the closest approximation to what would happen in a liquidation …
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