They claim to use multisig now - can someone check if the deposit addresses start with 3 now?
If the not, then the hot wallet is not using multisig - and therefore not much has really changed security wise.
It seems they just migrated from cold storage to multisig for the cold wallet - which does not really improve security that much.
I guess they will use less coins in hot storage
Anyway, I think this proves that bitcoin isn't ready for mainstream yet. It's not secure and easy enough yet.
That doesn't stop it from going to $10k though as the market is still so fucking small for it's potential.
I can imagine it going to $10k and consolidate around $5k-$10k for several years(Where most of the infrastrucutre will be built) before getting into $50k range, $100k and eventually $200k