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Cryptocurrency theft of £1.1bn could be biggest ever

Dubai-based Bybit said it could afford to reimburse customers and that it was working to find the hackers.

Cryptocurrencies, which have become popular with investors, have sparked division as many criticise their value for being based purely on speculation, allowing their value to be easily manipulated. It highlights security concerns within the digital currency market, which was hoping for renewed trust after Mr Trump launched his coin. In 2014, crypto exchange Mt Gox filed for bankruptcy after $350m (£210m) worth of digital currency had been stolen due to a loophole in its security.

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