How Bitcoin Socialism Saved Bitfinex After $69 Million Theft

Nine months after it lost $69 million of bitcoin to hackers, the Taiwanese bitcoin exchange Bitfinex is slowly regaining its ability to do business. It suffered one of the largest-ever losses of virtual currency in August of last year, prompting a dip in user trust that temporarily tanked bitcoin’s overall value by almost 15 percent. It eventually repaid every bit of lost value to its users, but this week’s announcement that some users will soon be able to to withdraw their bitcoins in...

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