Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Cryptocurrency exchange says it was victim of $1.5 billion hack
Associated Press ^ | 2/21/25

Posted on 02/21/2025 10:20:52 PM PST by Libloather

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-27 last
To: Libloather

“Inside job?” is always a fair question.


21 posted on 02/22/2025 2:40:58 AM PST by 9YearLurker
[ Post Reply | Private Reply | To 1 | View Replies]

To: rellic

Juts another shitcoin bitting the dust , these cryptos are just forks in something that can’t be hacked or stopped . If you’re gonna build , build on bitcoin not from it .


22 posted on 02/22/2025 3:35:30 AM PST by Callnote (Stacking sats, don’t have time to explain, study it for your self !)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Libloather

crypto: safe and effective ... even better than real money ...


23 posted on 02/22/2025 3:58:08 AM PST by catnipman ((A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Callnote

Just wait until the Norks mess with the Trump coin. That will rattle some folk.


24 posted on 02/22/2025 4:07:55 AM PST by Vermont Lt
[ Post Reply | Private Reply | To 22 | View Replies]

To: Nervous Tick

—> We have been assured over and over again that “Blockchain” and Crypto are impossible to hack.

This was a hack of an exchange.


25 posted on 02/22/2025 5:13:39 AM PST by aMorePerfectUnion (🦅 MAGADONIAN ⚔️ LIFE )
[ Post Reply | Private Reply | To 18 | View Replies]

To: Libloather

“We can cover the loss,” he said.

Charles Ponzi said the same thing.


26 posted on 02/22/2025 6:04:52 AM PST by Larry Lucido (Donate! Don't just post clickbait!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: catnipman
If you look at where the problems in crypto are, over and over again the answer comes back to the same weak point: The on/off ramps into the world of cryptocurrency. Namely, these centralized exchanges that take fiat money and let people buy crypto with it.

Once you are within the crypto world the risks are gratly reduced, and are largely under your control - ie., you keeping your private keys safe. Even transacting between cryptos is much safer using decentralized exchanges. But the centralized exchanges that people use to transfer in and out of fiat with, those will always be the most vulnerable points. I look forward to when we can exist entirely within a crypto economy without the need to risk our money on such off-ramps.

27 posted on 02/22/2025 12:58:27 PM PST by EnderWiggin1970
[ Post Reply | Private Reply | To 23 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-27 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson