What happened to bitcoin?

The case began in 2016, when anonymous hackers stole 119,754 Bitcoin from the Hong Kong-based cryptocurrency exchange Bitfinex. It was worth $71 million at the time.

What is bitcoin and how does it work?

Bitcoin. A Bitcoin is a digital token that can be sent electronically from one user to another, anywhere in the world. Bitcoin is also the name of the payment network on which this form of digital currency is stored and moved.

Is bitcoin still a form of digital gold?

Geopolitical tensions and climbing inflation are among the key factors weighing down on bitcoin's price. That's led analysts to question whether its status as a form of "digital gold" still rings true. A key investment case for bitcoin is deteriorating as geopolitical uncertainty and rising inflation hammer cryptocurrency prices.

Was Bitfinex hacking the tip of a conspiracy?

The Bitfinex hacking was the stuff of legend, but Mr. Lichtenstein and Ms. Morgan hardly appeared to be suave, or subtle, digital cat burglars-or the tip of a grand conspiracy.