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Exchanges

Bitfinex halts trading. Is it a cyberattack? What's the story?

World’s largest cryptocurrency exchange, Bitfinex was reported to have a cyber attack on 5th June 2018. The cyber attack led to a brief pause of the service as the after effect of this attack was a lot of load on the servers. Because of this happening, the price of bitcoin fell by 2 percent. The price of Bitcoin hit low of $7,373.47 after the attack. This is natural, whenever there’s a cyber attack, investors sell their digital assets in a fear of losing it. Even though the price is not that profitable, its any day better than losing it completely.

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