Those using bitcoin can trade and store their currency using Bitfinex, where they also deposit and withdraw their digital tokens. Bitfinex discovered the data breach Tuesday and subsequently stopped all trading, deposits and withdrawals. The website was temporarily taken down.
As of Wednesday, Bitfinex had enabled limited functionality, allowing users to log on and view the state of their accounts. Users still are unable to trade, deposit and withdraw currency.
Zane Tackett, director of community and product development at Bitfinex, told The Wall Street Journal the company knows how relevant systems were compromised, and the company is working with law enforcement to investigate the incident.
“We are deeply concerned about this issue and we are committing every resource to try to resolve it,” according to Bitfinex’s statement. “We ask for the community’s patience as we unravel the causes and consequences of this breach.”
More articles on bitcoin:
ONC launches challenge seeking input on using blockchain in health IT
This company doesn’t have a CEO but just raised $107M
How bitcoin’s sister technology could change the future of healthcare
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
