When the hack happened, Bitfinex customers took an enforced “haircut”, losing 36% of their assets held by the crypto exchange. By 2019, the company had reimbursed the victims, so now the Hong Kong-based firm and some customers who exchanged their losses for shares are in line for a windfall once the recovered Bitcoins are returned.
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What is the UK inflation rate and how does it affect me?
admin, , Business, 0
close panel Prices in the UK are no longer rising as fast as wages, official figures show. However, inflation...
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Amazon asked by minister to justify temporarily withholding sellers’ funds
admin, , Business, 0
Mr Hollinrake took this issue up in his letter to John Boumphrey, the country manager for Amazon UK, as...
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South Africa load-shedding: The roots of Eskom’s power problem
admin, , Business, 0
If you are looking to understand South Africa’s current struggles – its soaring crime and unemployment rates, its stubborn...
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Honda warns of parts shortage due to UK port woes
admin, , Business, 0
Port troubles leave UK bookseller with no books
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Average two-year mortgage rate close to 6%
admin, , Business, 0
“It is massively hard to navigate for everyone, especially clients, who need to make quick decisions in these circumstances,...
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HMV boss says more people buying DVDs and Blu-ray
admin, , Business, 0
More shoppers are buying Blu-Ray and DVDs of movies and TV shows despite the rise in streaming platforms, the...
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Ministers to oversee HS2 build as costs ‘spiral’
admin, , Business, 0
Ministers are to take a direct role in overseeing the building of the HS2 rail line to try to...
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‘Redundancy floodgates will open’ says Unite union
admin, , Business, 0
Image copyright Dan Kitwood The Unite union has called on the government to say it will extend its furlough...
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