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Bitcoin exchange wants to 'socialize' its stolen $72 million

Bitfinex may decide to look to customers for a bailout of some sort, after a hacker apparently stole 119,756 bitcoins.


A hacker got away with roughly $72 million in bitcoins.


The hits continue for bitcoin owners.

After Bitfinex revealed this week that a hacker made off with 119,756 bitcoins (about $72 million), the digital-currency exchange said Friday it is interested in a "socialized loss."

"We are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions," the company said in a blog post, noting that it has not made a final decision and that more details will be available Saturday. BTCUSD stands for Bitcoin/US dollar.

In a socialized loss scenario, a company typically expects a bailout of some sort, either from customers or from the government. It's possible that Bitfinex customers may bear the brunt of the loss.

Bitfinex did not immediately respond to a request to comment.