Bitcoin falls suddenly and uncontrollably

Bitcoin falls suddenly and uncontrollably

HONG KONG — The digital currency Bitcoin falls marginally by 20% on Wednesday after hacking in Bitfinex, an exchange in Hong Kong because of hacked and funds stolen. The exchange said it had halted trading, deposits and withdrawals while it investigated which users had been affected.
Zane Tackett, Bitfinex’s director of community and product development, kept silence immediately respond to requests for comment. But he said in a posting on Reddit that 119,756 Bitcoins have been stolen. It is estimated that before the hacking, number of Bitcoins would have been worth about $72 million and now figure is closer to $65 million.

Bitfinex said action has been initiated and the theft had been reported to law enforcement.

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