It's just sad to watch exchanges go down every now and then.
Seems to me it is easier to rob 1.6 million $ of BTC than 1.6 million $ of fiat. And get away with it.
Every now and then? Seems to be a week occurrence
Well sometimes more sometimes less often.
TBH, I felt Bter was pretty safe to use. 2FA, separate withdrawal password and what not. Turns out, all this doesn't matter if the source is attacked.
Exchanges shouldn't be used as traditional banks.
They are similar in the aspect that they both hold large sums of money. And Bter was also giving interest on funds held by the users.