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Bitcoin bank Bitfinex suffers major breach

The Bitfinex cryptocurrencies exchange has gone offline after the virtual currency market admitted to a major breach.

"We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen," the Hong Kong-based Bitfinex said late Tuesday.

While nothing is being said about just how much money was lost in the breach, the announcement has been blamed for helping Bitcoin prices to decline by roughly 12 per cent at time of publication.

The incident is already evoking memories of the massive MtGox bankruptcy that resulted in the loss of hundreds of millions of dollars worth of virtual currency. ®

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