Bitcoin hack explained | FT Markets #Bitcoin #btc #BitcoinMillionaire
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs
The Hong-Kong based Bitfinex exchange has revealed nearly 120,000 bitcoins worth of customer funds were stolen. Alphaville’s Izabella Kaminska looks at what the hack reveals about the bitcoin financial system, and why it is starting to resemble the current financial system.
For more video content from the Financial Times, visit http://www.FT.com/video