4 ms·

So is this the end of Crypsy? Or the beginning of the end.

• vidarh 11y ago
  Only thing that could save them would be a buyer. It's one thing to suffer a breach and try to make good on it. It's another thing entirely to cover it up for year and a half. Question is what a buyer would be interested in: Their platform is suspect from a security standpoint - if they got this much wrong, then what else did they get wrong? Their brand is shot. The code is hardly going to be worth even a fraction of what it'll cost to make customers good. And it's exceedingly ridiculous to get caught out in this way: No isolation of third party coin daemons, and a very creative interpretation of cold wallets (why in the world was it possible for someone to get the keys for the cold wallets via a network breach) They've demonstrated they can't be trusted to be open about problems, and that they can't be trusted to get even basic security precautions right, so even if they got the funds back somehow, it's extremely unlikely that they'd manage to repair the damage to their trust. So, yes, it's probably the end, whether or not they manage to recover some of the stolen coins.
  • fixermark 11y ago
    In short, the company is not worth the paper its cold-wallet keys weren't printed on. ;)