Bitcoin Hack Highlights Cryptocurrency Challenges

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Image Source: Article

The theft of $69 million worth of bitcoins from a Hong Kong-based exchange highlights the continuing challenges around keeping large quantities of digital currency out of the reach of hackers.

Bitfinex, one of the largest U.S. dollar bitcoin exchanges, said on Aug. 2 that it lost 119,756 bitcoins after its platform was hacked. Law enforcement has been contacted, the company said in a statement.

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