A Bitcoin exchange suffered from a massive hack attack involving 5,000,000 euros / 5,000,000 US Dollars. In a statement from the company, the attack happened when a hacker compromised four bitcoin wallets which were connected to the internet.
Yapizon, the Bitcoin exchange who suffered from this hackers theft has decided to use the 37% loss by deducting this from their clients bitcoin wallets.
“After many discussions, legal and accounting consultations and reviews, we have come to the conclusion that losses incurred in this case should be fairly applied to all members. It is also the most common way to go through the liquidation process”
This is a similar hack attack that was seen in 2016 against the Bitfinex Exchange.
Further reading: http://www.yapizon.com/ you’ll need translator.