Bitfinex Recovers A Portion Of Its Stolen Fund With U.S. Govt. Aid

Revealed that 27.66270285 BTC were recovered. Following the hack, an investigation was launched by Bitfinex along with assistance from enforcement agencies internationally, in order to trace the 119,756 BTC lost by the exchange.

BFX Token

As per the recovery strategy outlined after the incident, the platform generalized the losses from every user account and credited BFX,  USD-pegged token in an equivalent amount to the damages suffered by each user. Further, the exchange gave its user an option to either redeem the BFX token for cash or to exchange it for the shares of iFinex Inc., the company that owns and operates Bitfinex.

Find out more here –

— Bitfinex (@bitfinex) February 25, 2019

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