Re:BitFinex down due to Bitcoin security breach - 120k BTC s...
by tedunangst on Wednesday August 03, 2016 @12:02AM
(#12215501)
But that money wasn't really stolen from the fed. It was stolen from somebody who had a fed account. We know exactly who lost money, and the answer isn't everybody.
Re:BitFinex down due to Bitcoin security breach - 120k BTC s...
by bdcravens on Tuesday August 02, 2016 @09:05PM
(#12214761)
Yes, but impact of Bitfinex far, far greater. It represents about 0.75% of all Bitcoins. If you include only paper currency, there's almost $1 trillion in circulation (about 4x that if you include coins). I assume amount on deposit is much higher. However, being the most generous with the numbers, the Fed hack represents 0.002%.
http://www.cnbc.com/2016/06/06/ny-fed-first-rejected-cyberhe...