Ethereum update: Ethereum History – 2 Years Since The Bitfinex Bail Ins
This time 2 years ago Bitfinex was hacked. 120,000 BTC were stolen, worth $70M+. Losses were socialised as a 36% haircut & BFX IOU tokens were later issued. Many unaffected accounts were bailed in & many traders lost plenty of ETH to these bail ins. This time last year ETH traded at 250, BTC at 2750 & BCH at 200 after the hard fork first week of Aug 2017. Time flies! Stay tuned for more weekly history lessons.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
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