Re: $500 million Coincheck hack: Full story + Unique pictures of darknet

Hey, I've just posted this on DeepDotWeb. https://www.deepdotweb.com/2018/04/09/coincheck-hackers-have-laundered-all-of-their-nem/

Wondering what you guys think? The picture of the hacker replying to a support ticket was quite surprising to me.
Sad that they have got away with it as well.

How do you think these hacks should be avoided?
Do we need more government regulation of exchanges or should we avoid this at all costs?

Thanks for your opinions.

hack will be avoided by better decentralization of the trading and exchanges, such as atomic swaps technology for example. You can take a look at bitcoin atom, they're launching atomic swaps through their nodes this month.

Interesting, I will have a look. Right now all the DEXs are either very low liquidity or very hard to use. Atomic swaps will need the Lightning Network, which we have been waiting for a long time. Hopefully we see the technology develop soon. Personally, the KYC/AML regulations everywhere should be worrying for crypto users.

I don't think they will require lightning

already komodo and blocknet are able to conduct atomic swaps. Those two should come on strong in the next few months.

dex are the next natural steps in this arena and it is a shame it has taken this long