The current price slump is strongly connected with attempts of China to shore up the yuan.
The Hong Kong-headquartered cryptocurrency exchange has informed it will restore trading and withdrawing services a week after it faced a cyber attack that resulted in a loss of $75 million in bitcoins.
The Hong Kong-based digital currency exchange, which was hacked by anonymous criminals last week, said its clients will lose 36% of their bitcoin deposits.
Bitfinex announced that all trading, deposits, and withdrawals will be temporarily disabled.
Bitfinex has confirmed that the hacker attack resulted in the loss of approximately 120,000 of bitcoins.
Bitfinex and BitGo developed the most secure bitcoin wallet based on multi-signature technology.
Bitfinex Director says he’s been “a trader all [his] life” but that he’s not “actively” trading Bitcoin, when questioned about a potential conflict of interest.
The following is a written transcript and the link to the accompanying audio file of the interview held with Bitfinex Director.