bitfinex has declared that it will cut 35% prices down from all of its users. this is so weird. after this announcement, bitcoin prices increased 10 dollars suddenly ..this is ridiculous.
Well, the market hates the unknown, and loves resolution. I guess knowing that the other 64% of the liquidity is going to come back to the market, and knowing that Bitfinex [might be]
okay in the immediate future (as in, customer assets were not completely decimated), might be fundamentally good news for the market.
I'm not sure how this socialized loss stuff plays out legally, though.