Bitfinex reduces bitcoin credits to all customers by 36 percent

Bitcoin exchange Bitfinex has cut all customer assets by 36 percent to spread the losses from last week’s multimillion-dollar heist. The platform is back online after the hack, but for the time being can only be requested read-only.

Bitfinex reports to clarify how it came to the reduction of 36.067 percent of all deposits. The exchange is also working on a plan to compensate victims of the hack. The platform claims to be consulting for “various strategic options with multiple potential investors.”

The site is available again on a read-only basis to give customers the opportunity to view their reduced credit. Bitfinex promises to bring back more functionality along the way, starting with withdrawals, deposits and exchange trading. That should happen in the coming days.

In the meantime, customers must create a new password and reactivate two factor authentication. In addition, the API keys have been revoked and users will be able to create new keys in the next 48 hours.

Last week it was announced that Bitfinex was the target of a hack. After the break-in on the exchange’s servers, it turned out that 119,756 bitcoins had been stolen, equivalent to approximately 58 million euros. Hong Kong-based Bitfinex is one of the largest trading centers for cryptocurrencies such as bitcoin, litecoin and ethereum, and the hack caused a significant drop in bitcoin price.