Bitfinex, 2018

On August 8, 2016, BitMEX published an article detailing many concerns and open questions regarding the August 2, 2016 hack of Bitfinex. BitMEX stands by the concerns raised in this article, many of which are still valid. We are still uncomfortable with the lack of transparency around the attack vector, ongoing solutions, and calculation of the 36.067% rate.

However, we recognize that the Bitcoin community is better served by mutual respect and understanding for the work that we do and the struggles we face when running this business. We have raised our concerns with the team at Bitfinex personally. While there are still many open questions, we do not believe at this time that there is reason to believe bad faith is involved.

The tone of the original article was regrettable and served to cause problems, not solve them. We at BitMEX have respect for the team and principals at Bitfinex and their significant accomplishments in this space. For this reason, we have removed the content of that article. We hope for resolution of the many open questions about the events of August 2, 2016 in the near future.