Bitfinex back up after cyber attack

June 06, 2018
Richard Reed

Hong Kong-based crypto exchange Bitfinex is back up and running after a cyberattack on Tuesday that forced the company to suspend trading.

News of the temporary shutdown pushed the price of Bitcoin down by about 2% at one point, falling to 7,402, but it has since recovered to $7,617 (13.40 BST, 6 June).

“The outage was caused by issues with one of our infrastructure providers. While the platform was recovering, the attack caused extreme load on the servers,” Bitfinex said in a statement.

The firm admitted the cyberattack had affected trading but claimed user accounts and customers’ funds had not been at risk.

Bitfinex halted trading in 2016 when 120,000 Bitcoins were stolen in an cyberattack, while in January this year $535m worth of NEM tokens were stolen from Japanese cryptocurrency exchange Coincheck.

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