Bitfinex have announced that they will slowly come back online after it announced to its users that they have lost as much as 36 percent of assets.
In the last week exchange bitcoin exchange based in Hong Kong suffered damage security involving a fund of $65,000,000 in the form of the Bitcoin was stolen and cause bitcoin prices fell as much as 20 percent. Since the incident, bitcoin prices are now slowly starting to rise again approaching $600.
In the announcement, Bitfinex said that they started processing its platform back to soon online in a controlled manner and securely bound.
Currently the site has Bitfinex available for read-only because we continue to work towards full functionality. This means that users can log into their account, but trade, deposit and withdrawal still disabled for now.
The company has announced also that the account holder will receive a token Bitfinex at Omni protocol, 'token BFX , ' will amount equal to the amount of damages they received.
This token will remain in circulation until they are paid in full by Bitfinex or exchanged for shares in the parent company, iFinex Inc. Bitfinex said that the statements concerning the exchange of tokens will be announced at a later date.
Bitfinex have recently made the decision to apply the losses as much as 36 percent of all users even those who are not affected by the hack.
In a recent blog post of Bitfinex they have said that users need to reset their password in addition to the security measures are new. Users can view their balance with the adjustment of trading losses together. Full functionality of the platform will be online in a few progressive steps for the next few days , said the stock exchange.
And now bitcoin prices started creeping up because of the positive news that will begin online Bitfinex back, prompting traders to buy back. Hopefully Bitcoin price will return to $ 600 area.