Markets

Bitcoin hack explained

Name: Bitcoin hack explained
Uploaded: 2016-08-03T16:47:19.711Z
Duration: 2 min 29 s
Channel: Financial Times
Description: Izabella Kaminska on why bitcoin prices have plunged

The Hong-Kong based Bitfinex exchange has revealed nearly 120,000 bitcoins worth of customer funds were stolen. Alphaville's Izabella Kaminska looks at what the hack reveals about the bitcoin financial system, and why it is starting to resemble the current financial system.

August 3, 2016

Produced by Nalini Sivathasan. Filmed by Rod Fitzgerald.