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© Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.South Korean crypto exchange loses $31 million from hack
By YOUKYUNG LEE SEOUL, South Korea©2024 GPlusMedia Inc.
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Tom Webb
Cryptocurrencies are created for the express purpose of ripping-off exchanges. When will people and governments learn that CC are not backed by government exchanges. It's not the same things as won, dollar, yen or other currencies issued by governments.
Madden
This is good for Bitcon because
Matt Hartwell
Crypto heading for the perma ban I reckon.
NAN DESU KA
Crypto is here to stay, albeit we're still in the infant stages. Its a natural evolution for the electronic age, yes there is no Physical backing to these currencies! Just like nothing tangible backs fiat, except a military, and the brain washing by that military's government, that this special blend of Paper with these numbers on it are worth something? Why is Gold Supposedly the backing of the worlds currencies, because its shiny? what is the purpose of gold? You cant eat it?, it will get you killed and wars will be fought for it but why?
So considering that Crypto falls right into line, so again crypto is here to stay, as for Bit Coin it will fade in to obscurity as a relic because transaction times and cost.
The next boom in Crypto will be the meteoric rise of XRP! Its only a matter of time, the world is already going cashless so why not crypto?
sf2k
Ah yes another crypto bytes the dust. Tell me again how crypto doesn't depend on the banking system.
Delicious
Eppee
Tom WebbToday 02:51 pm JST
Am not sure to follow, would you mind detailling that ?
theFu
a) Never invest money you cannot afford to loose.
b) Never invest in something your do not understand.
If someone says "you are missing out" by not investing in anything, run away.
Azzprin
Hacked and 35 billion won worth of cryptocurrencies taken.
Almost £24 million
I prefer a currency you can hold in your hand as that makes it real and safer.
A wallet can not be hacked (by some one in another country) if it is in your pocket. Only if the thief is there with you could you lose money and thief is more likly to be ID and caught.
Trying to find the hacker/s is next to impossible.