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This seems to be exchange incompetence, their only wallet as a hot wallet. Disclaimer: I hold some XEM, have contributed to source, etc.
by ReverseCold 9y ago
This seems to be exchange incompetence, their only wallet as a hot wallet.
Disclaimer: I hold some XEM, have contributed to source, etc.
- larkeith 9y agoIIRC the only thing remotely close to breaking a crypto we've seen is the DAO hack; otherwise, it's generally incompetency somewhere along the chain, so that's not at all surprising to hear. Rather astonishing in magnitude (a single hot wallet?), but such is tech.
- baby 9y agocrypto has been broken a lot over the past, look at MD5, RC4, DES, SHA1, ...
- cal5k 9y agoWell, technically only their altcoins were kept in a hot wallet - still, unbelievable incompetence. This is where regulation is sorely needed.
- krapp 9y ago> This is where regulation is sorely needed. The need for financial regulation and trusted authority is supposed to be the problem cryptocurrencies exist to solve - free market forces and reputation alone should be sufficient.
- cal5k 9y agoThe libertarian dream. Clearly not supported by the libertarian reality. Besides - it's a fantasy to think that exchanges, which by definition deal in fiat currency, would somehow be immune to government regulation.