IMO, if this is true, it should be the end of cryptocurrency because it strikes at what is supposed to be its strength.
Hardly. See the following article.
https://thehackernews.com/2019/05/magento-credit-card-hacking.html
If we apply that logic, then the credit card payments via the internet should come to an end. Never underestimate the power of “convenience”
This has nothing to do with bitcoin. It was an exchange, not the currency.
“IMO, if this is true, it should be the end of cryptocurrency because it strikes at what is supposed to be its strength.”
Crypto can be stolen just like cash in your bank account - if it is left on an exchange. A hacker can enter these exchanges just like any computer system can be entered.
The advantage of crypto is that it can transfer money, apart from government control, cross border, and (largely but not completely) anonymously.
To prevent theft, all forms of crypto must be in “cold storage.”
This means on a flash drive not connected to the internet, typically in a fireproof safe.
Who buys this crap ?
What kind of illogical rubbish argument is that? No currency in the world is 100% rob proof.
As if the Dollar is never stolen? Have you ever heard of bank robberies? What about all the billions of missing money in Washington.
Oh I know 40 million is a lot. What about Warren Buffett just got robbed of 340 million dollars? Do you want to end the dollar too?
Think McFly!
https://www.ccn.com/buffetts-berkshire-scammed-out-of-staggering-340-million-by-solar-ponzi-fraud