But as the supplier of gambling trading facilities not available elsewhere, Bitfinex felt there was sufficient demand for their services that a drastic action would be considered acceptable to their users: rather than have some customers take a 100% loss, they assessed a 36% “haircut” on all customer deposits – including non-Bitcoin deposits. Depositors whose coins had been hacked would be compensated with money from depositors who hadn’t: “we are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions.”258 The company would then try to trade its
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