Hacked Bitcoin Exchange Could Distribute Cost Among Users

Published August 5, 2016 at 1:33 PM EDT

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A man walks past a display cabinet containing models of Bitcoins in Hong Kong on Aug. 3, 2016. (Anthony Wallace/AFP/Getty Images)

A Hong-Kong bitcoin exchange that was hacked this week may distribute the losses among all of its users, according to a Bloomberg blog post today. Hackers stole about $68 million worth of bitcoin from the exchange, Bitfinex.

Here & Now‘s Jeremy Hobson speaks with Michael Regan of Bloomberg Gadfly about the hack.

Read Michael Regan’s Bloomberg Gadfly column about the hack.

Guest

Michael Regan, columnist for Bloomberg Gadfly. He tweets @Reganonymous.