Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK

#1

Post by RmDen » Fri, Jan 26, 2018, 5:14 PM UTC

Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK
reuters.com

Re: Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK

#2

Post by tn_ » Fri, Jan 26, 2018, 5:33 PM UTC

I don't understand why news like this doesn't have that huge of an impact of bitcoin's price.. Bitcoin seems to be hovering around 11k~ as I'm writing this. It's been at the same price it seems for the past couple of days...

Re: Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK

#3

Post by gesman » Fri, Jan 26, 2018, 5:34 PM UTC

Conclusion: If you keep any cryptocurrency on an exchange or online service that can or is capable of controlling your private keys - MOVE all your cryptos to your own deterministic wallet YESTERDAY!

Re: Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK

#4

Post by empath75 » Fri, Jan 26, 2018, 5:35 PM UTC

tn_ wrote: post #2

I don't understand why news like this doesn't have that huge of an impact of bitcoin's price.. Bitcoin seems to be hovering around 11k~ as I'm writing this. It's been at the same price it seems for the past couple of days...

Because the price is driven by bitfinex printing tethers and pretty much nothing else.

Re: Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK

#5

Post by monkmartinez » Fri, Jan 26, 2018, 5:35 PM UTC

How often do major banks get hacked and "lose" money?

Re: Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK

#6

Post by buttcoinslol » Fri, Jan 26, 2018, 5:36 PM UTC

tn_ wrote: post #2

I don't understand why news like this doesn't have that huge of an impact of bitcoin's price.. Bitcoin seems to be hovering around 11k~ as I'm writing this. It's been at the same price it seems for the past couple of days...

'Money ain't got no owners, only spenders' -Omar Little

This quote applies to unregulated markets: drugs or cryptocurrencies.

Re: Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK

#7

Post by s0rce » Fri, Jan 26, 2018, 5:36 PM UTC

Wow, didn't know Mt. Gox lost 850k BTC, thats 9B USD at the current price. Are these coins traced? Were they quietly sold or are hackers sitting on billions in BTC?

Re: Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK

#8

Post by monkmartinez » Fri, Jan 26, 2018, 5:36 PM UTC

tn_ wrote: post #2

I don't understand why news like this doesn't have that huge of an impact of bitcoin's price.. Bitcoin seems to be hovering around 11k~ as I'm writing this. It's been at the same price it seems for the past couple of days...

Because the entire thing is a sham... and I, for one, am super duper over it.

Re: Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK

#9

Post by gesman » Fri, Jan 26, 2018, 5:36 PM UTC

tn_ wrote: post #2

I don't understand why news like this doesn't have that huge of an impact of bitcoin's price.. Bitcoin seems to be hovering around 11k~ as I'm writing this. It's been at the same price it seems for the past couple of days...

Crypto wallets changing hands is a non-event for prices.

This however might have potentially positive impact on prices of truly anonymous cryptos - typical direction of thiefs to "lose tails"

Re: Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK

#10

Post by simias » Fri, Jan 26, 2018, 5:38 PM UTC

tn_ wrote: post #2

I don't understand why news like this doesn't have that huge of an impact of bitcoin's price.. Bitcoin seems to be hovering around 11k~ as I'm writing this. It's been at the same price it seems for the past couple of days...

Assuming that the hacked coins are not immediately sold I'm not sure that it should.