Why the Bitfinex hack isn’t the downfall of blockchain

On Wednesday, August 3rd,  Bitfinex was involved in a breach in where 119,756 bitcoin had been stolen from users’ accounts. This amounts to about $72 US Mil. Zane Tackett, Director of Community and Product Development for Bitfinex, informed Reuters of the breach. As a result of the breach, Bitcoin’s worth plunged 23 percent to just a bit under $550 per …