Digital Asset
Intelligence
Security Incident

Bitfinex Scam: $851.00M Reported Loss

·Historical incident record

Incident Overview

Bitfinex is accused of sending 850 million U.S. dollars to Crypto Capital Corp, a payment processor believed to be located in Panama, without informing customers, and withdrawing at least 700 million U.S. dollars from Tether's reserves after the funds were lost.

Sources & References

Original incident referencehttps://www.reuters.com/article/us-new-york-ifinex-settlement-idUSKBN2AN1NM (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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