2016/08/07 12:00 PM

News surrounding Bitfinex gets hairier, some warring views surface on bitcoin and its functions, and Colombia’s first digital exchange closes its doors. Want to catch up on the latest digital currency news? Take a look at the stories below.

Also read: Industry Report: Bitfinex Sinks the Bitcoin Market


Following a $72 million dollar hack that occurred just a few days ago, news surrounding Hong Kong-based bitcoin exchange Bitfinex is getting mysterious. The company’s elusive CEO Raphael Nicolle has allegedly been part of several Ponzi schemes — some of which he funded, and one he may have tried to start on his own.


Since 2012, Nicolle has purportedly backed several plans by bitcoin schemer Trendon Shavers, who was recently sentenced to 18 months in prison for questionable digital currency tactics. Many are now wondering if perhaps Nicolle and his fellow staff members at Bitfinex may have been involved in the hack…

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