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somebody please explain to me how is it possible that the owner reports losing $124 million, then they casually mention in the reply that: no problem, I'll just
by glofish 5y ago
somebody please explain to me how is it possible that the owner reports losing $124 million, then they casually mention in the reply that: no problem, I'll just cover it with my own money ...
(another recent story on ether hack had the same "resolution" the organization just chose to replaced the losses) ...
where is that money coming from? does not seem real
- dsl 5y agoBecause back then the price of bitcoin was much lower. It is $124 million in today dollars, like $1,000 in back then dollars.
- Scoundreller 5y agoThat’s what it would be worth now. Was worth like 1/10000th of that back then. They probably covered it with their previously earned holdings that could have been another fraction of that.
- saghm 5y agoI imagine they repaid the value of the bitcoins at the time, which would have been a lot less
- deleted 5y ago[deleted]
- vel0city 5y agoThe 3,094 BTC stolen happened in 2012. The price of BTC in March of 2012 was ~$3-5 USD, so ~$15,500K on the high end and ~$9,300 on the low end.