$700M in funds have been stolen

Jack@

Jack@

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A NEM hack ( who even holds this coin ...) on the Japanese exchange ' Coincheck ' resulted in a loss of $700M stolen making it almost twice the size of Mt. Gox.



https://cointelegraph.com/news/japa...ithdrawals-as-up-to-723-mln-leaves-its-wallet

Overall market hasnt responded really bad but NEM is going down atm. Maybe the market hasnt responded because the japanese exchange doesnt make up huge total market volume.
 
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People are saying it is the fault of coincheck and that there is nothing wrong with NEM and its tech.

Maybe another reminder to keep your coins in your wallet and not n exchanges ( if it is a lot of course )
 
mickyfu said:
Crypto is safe as houses. Must be some kind of mistake. Jus FUD innit. Heard the term FUD used on Redit last week, so going to use it myself on any forum wherever I get chance.
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i don't even know what it means still
atm i learned these words: tothemoon, lambo, FOMO
 
This crypto shit is getting fucked up and many people will end up broke (usually the small guys)
 
mickyfu said:
Crypto is safe as houses. Must be some kind of mistake. Jus FUD innit. Heard the term FUD used on Redit last week, so going to use it myself on any forum wherever I get chance.
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Exchange’s wallet is not “crypto”. Credits cards are getting robbed daily, like thousands of clients every single day. Paypals are getting robbed everyday. People and banks too. Fuck it feels so good when anything negative happens though. Let’s spill some shit and drink a cold one. End of a good day.

At first it was like - yeah it is kinda funny. Feels like entering some fucking hipsters bar now. I hate things and people because I knew it before it was cool.
 
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iPinner said:
Exchange’s wallet is not “crypto”. Credits cards are getting robbed daily, like thousands of clients every single day. Paypals are getting robbed everyday. People and banks too. Fuck it feels so good when anything negative happens though. Let’s spill some shit and drink a cold one. End of a good day.

At first it was like - yeah it is kinda funny. Feels like entering some fucking hipsters bar now. I hate things and people because I knew it before it was cool.
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Credit card gets robbed, it's insured. End of petty argument.

Credit card gets robbed, the value of the dollar does not drop by 50%.
 
mickyfu said:
Credit card gets robbed, it's insured. End of petty argument.
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Still not sure why you feel so hurt by the topic though. Since you are one step forward with a good taste of humor, why would you give a flying fuck about masses talking their lunatics talk about precious coins though? Just explain me that for once and I am out with “petty arguments” for good.
 
mickyfu said:
Credit card gets robbed, it's insured. End of petty argument.

Credit card gets robbed, the value of the dollar does not drop by 50%.
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Blockchain didnt get robbed, the exchange ( s ) got robbed. Also the price of Bitcoin didnt drop because of this, NEM dropped and right now already recovered. Crypto is indeed safe because it has never been hacked, Mt. Gox = an exchange, Coincheck = an exchange and due to bad security they got hacked. This is something different than Blockchain.
 
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