Users of Bitfinex will lose 36% of their holdings

Following an Aug. 2 cybersecurity breach, Bitfinex has announced it will take 36 percent of all users’ accounts, according to CNBC.

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Through the security breach, approximately 119,756 bitcoins — which is worth approximately $70.5 million — were stolen.

“Due to the indiscriminate nature of the attack, we have decided to generalize losses across all accounts,” the company said in a statement. “Upon logging into the platform, customers will see that they have experience a generalized loss percentage of 36.067 percent. In a later announcement we will explain in full detail the methodology used to compute these losses.”

Bitfinex will give each account a digital token that will show exactly how much the account holder lost. At a future date, customers will be able to redeem the tokens or exchange them for shares in iFinex, Bitfinex’s parent company, according to CNBC.

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