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Sounds like they only lost $661k worth, which is peanuts by comparison to most other crypto hacks/losses, probably didn't destroy the entire company since they'
by SkyMarshal 4y ago
Sounds like they only lost $661k worth, which is peanuts by comparison to most other crypto hacks/losses, probably didn't destroy the entire company since they're compensating their users, and not really worthy of the sensational title.
- bhaak 4y agoApparently 95% of that money was by the company itself or employees of the company. So the loss for normal users is very limited.
- nishs 4y agosource: https://twitter.com/OptifiLabs/status/1564367455220219904 https://twitter.com/OptifiLabs/status/1564367455220219904
- radicalbyte 4y agoI can take a box containing 1001 conkers, sell one to you for $1000, then claim that I have $1m in my bucket. What was lost was not money, but electronic conkers of which a small number people paid real money for.
- avvt4avaw 4y agoThe currency was USDC, which is a stablecoin pegged at $1 by Circle (www.circle.com) who are generally held to be reputable, so it very much was real money.