Bitfinex

A cryptocurrency exchange founded in 2012 by iFinex Inc. In 2016, a hack stole $72M from random wallets. In response, Bitfinex reduced their customers' wallet holdings by 36% to distribute the loss among all users along with tokens to compensate for the losses. The tokens were later bought back for $1 each. By 2018, Bitfinex accounted for roughly 12% of the Bitcoin market, and support for Bitcoin's Lightning Network was added a year later. See Bitcoin, Lightning Network and crypto glossary.

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