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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Videochat Solutions
Industry Role:
Join Date: Aug 2004
Location: Canada
Posts: 48,554
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Billions in cryptocurrency wealth wiped out after hack
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#2 |
StraightBro
Industry Role:
Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,232
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Dead silence hear about this. All those threads here about Bitcoin reaching $10k by year's end
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#3 |
Living The Dream
Industry Role:
Join Date: Jun 2009
Location: Inside a Monitor
Posts: 19,503
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Thank goodness I do not use that site.
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#4 |
Too lazy to set a custom title
Industry Role:
Join Date: Dec 2006
Posts: 16,256
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could happen at any exchange
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#5 |
StraightBro
Industry Role:
Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,232
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↑↑↑ Why I don't do cryptocurrency.
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#6 |
in a van by the river
Industry Role:
Join Date: May 2003
Posts: 76,806
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In November, you can vote for America's next president or its first dictator. |
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#7 |
StraightBro
Industry Role:
Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,232
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↑↑
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#8 |
Confirmed User
Industry Role:
Join Date: Jul 2012
Posts: 3,064
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It has been a while since I have heard of any exchange hacks.
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#9 |
Too lazy to set a custom title
Join Date: Dec 2001
Location: Charlotte, NC
Posts: 14,137
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Can't you store your shit on a thumb drive? So it doesn't matter who gets hacked or what? As long as you have it off the grid you are safe? I'm confused on that.
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#10 |
Let's Make Money
Industry Role:
Join Date: Dec 2008
Posts: 8,784
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I never put any single coin in any exchanges. I store all my coins in my wallet.
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#11 |
Fake Nick 1.0
Industry Role:
Join Date: Oct 2005
Location: Rent free, your head
Posts: 27,652
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You can't trade from your thumb drive..
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#12 |
So Fucking Banned
Industry Role:
Join Date: Feb 2001
Location: Taipei
Posts: 25,198
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Luckily we have choices:
A. (safest) keep on hardware wallet, safe B. (safe) trade on reliable (more secure) exchanges like Bitfinex/Binance/Bitmex C. (HIGH risk) trade on 100th biggest exchange with only $2mn daily volume, less volume, less profit, less security team, like Coin(de-)rail'd Also, a much better article with more relevant title, not clickbait "Korean Cryptocurrency Exchange Coinrail Suffers $40 Million Theft" compared to clickbait CNN title: "Billions in cryptocurrency wealth wiped out after hack" ... billions obviously gets more clicks than millions ![]() |
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#13 |
Confirmed User
Industry Role:
Join Date: Oct 2017
Posts: 302
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Does these "hacks" result in a lost for the trader? Or do they have some kind of insurance. Because if this is not the case, then it would be easy for the exchange to stage a hack and run off with the money.
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#14 | |
StraightBro
Industry Role:
Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,232
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Quote:
$40 billion of wealth was wiped out in 7 hours from scared investors pulling their money out and devaluing the currency. It's shocking how easily a $37.2 million theft can result in devaluing crypto by $40 billion in just 7 hours. Bitcoin value dropped 7% in 7 hours. Imagine that happening on the stock market during a 7 hour period. It's great that investigators are on it to see if market manipulation is occuring. "Lai said the Coinrail hack intensified an already negative mood in cryptocurrency markets. The Wall Street Journal reported Friday that US investigators were demanding several bitcoin exchanges hand over trading data as part of a probe into potential manipulation of futures markets." |
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#15 | |
Too lazy to set a custom title
Industry Role:
Join Date: Dec 2011
Posts: 26,732
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Quote:
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#16 |
So Fucking Banned
Join Date: Jun 2005
Posts: 3,770
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#17 |
FUBAR the ORIGINATOR
Industry Role:
Join Date: Jan 2002
Location: FUBARLAND
Posts: 67,382
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They fake volume, fake ddoses, and fake hacks.
![]() Your back flip on bitcoin is about as genuine as your expertise.[/QUOTE]
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#18 |
Too lazy to set a custom title
Join Date: Dec 2001
Location: Charlotte, NC
Posts: 14,137
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