Bitfinex Hack: US Regulation ‘Prevented Cold Storage Use’.
As the investigation into the sequence of events and their cause continues, blame is being shifted between Bitfinex, its security provider BitGo and – most recently – the US Commodity Futures Trading Commission (CFTC).
BitGo came in for criticism after the significant hacker funds transactions were reportedly signed off without full security.
“…We used the company that prides itself and specializes in bitcoin storage,” Director of Community & Product Development, Zane Tackett said. “How these practices were bypassed, we’re still investigating.”
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https://news.bitcoin.com/bitfinex-us-regulation-cold-storage/
