[2016-08-24] BItfinex customers offered equity in compensation for bitcoin lost

[CrimBit]

Bitfinex customers offered equity in compensation for bitcoin lost in hacking
Customers of bitcoin exchange Bitfinex are being offered equity in the company in compensation for the losses imposed on them following the hacking of the exchange in early August.

Under the deal, customers who were issued BFX tokens following the decision by the company to socialize the losses caused by the hack will be able to use those tokens for equity in iFinex, Inc., the British Virgin Islands-based parent company of Bitfinex.

The management of the equity issue is being handled by bitcoin equity crowdfunding service BnkToTheFuture (Bnk To The Future Ltd.) who will be facilitating the exchange of tokens via a Special Purpose Vehicle (SPV).

“When clients’ funds are stolen from an exchange that is the size of BitFinex, we need to (where possible) focus on finding good market solutions that can potentially compensate investors faster than traditional proceedings,” BnkToTheFuture Co-Founder and Chief Executive Officer Simon Dixon said in a statement. “Today we may be able to use new Blockchain assets and financial innovation to produce better and faster solutions for victims.”

http://siliconangle.com/blog/2016/08/24/bitfinex-customers-offered-equity-in-compensation-for-bitcoin-lost-in-hacking/

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[1Referee]

Nothing that we didn't know already, but I really don't understand why people are still trading there. Being promised a certain equity in a worthless company that is robbing people from their own money, will not be satisfying at all.

[Gohs]

I'm glad Bitfinex is already trying to stand on its feet again. Not that I have funds there, just don't want a company that good to go down all of a sudden.