1 month ago by
3 facts |
1 comments |
Japan’s Bitpoint says around 3.5 billion yen ($32 million) of funds were stolen, with 2.5 billion yen of that belonging to customers. - www.theverge.com
The hot wallet involved in the hack contained five cryptocurrencies, including bitcoin, Bitcoin Cash, and Ripple. - www.bloomberg.com
The company says it hasn’t detected any irregular activity or missing funds affecting cold wallets. - www.theverge.com
kyle - 1 month ago I find it quite humorous. The whole idea of cryptocurrency was that people would hold their money on their own computer without any third-party (read as bank). However, in practice people just created new banks in the form of cryptocurrency exchanges.
At least with real banks the transfers are reversible, and we can use the existing legal system to decide who ends up with the money. With crypto, once the money is gone, it's gone. story