News estimated that about 40 billion won (£27.8m) worth of virtual coins was stolen.That translates to somewhere under $38 million. Still a chunk of change though.
Bitcoin's market cap is currently at just under $116 billion.
There is a completely safe method to store bitcoin, called a "paper wallet". I recommend using that instead of any exchange for a large quantity of BTC or other cryptocurrency.
A piece of paper is a lot easier to store or move than a quantity of precious metal. Right now $1 million in gold is about 52 lb... The piece of paper doesn't change no matter how much you have in BTC or other cryptocurrency.
Granted, it's nice to have both... :-)
Ack... I misread the figure. Good catch. If a MOD happens to see this post I’m fine with their correcting the title.
Dang, my dog ate my bitcoin!