Show of hands ? How many people are genuinely surprised ?
About time they came clean.
I am a bit surprised how utterly idiotic this is. Poor security practices, trying to conceal huge loss, letting the site bomb completely before coming clean... but yeah, a hack was something most predicted.
Ya like he takes a pre-compiled LuckCoin wallet and runs it on his machine with ties to millions in customer funds ?
Further more i already heard waaaay back that they have to compile the wallets themselves so that has to be a lie !
No real exchange runs precompiled wallets. First, they use Linux for backends. Windows is plain insecure. Second, to fire up a wallet released by an unknown dev without a code review? Never going to happen.
If Mullick reviewed the code on every wallet then he was one fast motherfucker.
Also, I know for a fact that he approved at least one wallet for a coin that had a hidden premine. Someone else figured it out after it had been live for quite some time.