The #Bitfinex CFTC settlement where they agreed to switch from cold #Bitcoin wallets to multisig, paving the way for the massive #theft two months later.
on 02016-08-03The massive #Bitfinex #theft was facilitated by CFTC regulations requiring them to stop using cold wallets; they lost nearly 1% of all #Bitcoin, about US$67M worth last I checked, although Ⓑ dropped 20% immediately from US$600 to US$480 before recovering to US$570 the next day, making it difficult to fix the value of the loss with much certainty.
on 02016-08-03