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Bitfinex Exchange Customers To Get 36 Percent Haircut, Debt Token


Ron Burgundy
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An illustration photo shows a Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen at La Maison du Bitcoin in Paris"This is the closest approximation to what would happen in a liquidation context," Bitfinex said on its website early on Sunday. "Upon logging into the platform, customers will see that they have experienced a generalized loss percentage of 36.067 percent." The company said it would also give all affected clients a "BFX" token crediting their losses that could be redeemed by the exchange or for shares in iFinex, the exchange's parent company. Bitfinex said it would explain its methodology in a later update and that it was talking to investors about how to fully compensate its customers.




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