Quote from: CASTIEL05 on June 21, 2018, 01:44:49 AM

Quote from: micko09 on June 20, 2018, 10:01:08 AM

BTCITCOIN was dealt another blow last night after South Korean cryptocurrency exchange Bithumb said $31.5 million was stolen by hackers causing the principle coin to fall from $6,742 to $6,562.

South Korean exchange Bithumb said in a notice on its website on Wednesday that it had stopped all trading after ascertaining some cryptocurrencies worth about 35 billion won were seized between late yesterday and early morning today.

The exchange, thas now moved all clients assets in safe cold wallets, which operate on platforms not directly connected to the internet, adding that customers affected would be fully compensated.

Mun Chong-hyun, chief analyst at ESTsecurity, warned that cryptocurrencies represent an ideal target for hackers.

He said: No security measures or regulations can 100 percent guarantee safety of virtual coins. It is held anonymously and in lightly-secured systems, which makes them an irresistible target."

Read more, https://www.express.co.uk/finance/city/976816/Bitcoin-price-ripple-cryptocurrency-ethereum-BTC-to-USD-XRP-news

This is just like a scenario in mtgox. For sure, because of this hacked event, BTC price will fall up to 5K USD. Imagine how does the total amount that the thieves got from Bithumb? It will inflict large casualties in bitcoin. Moving on, it is normal nowadays that exchange were seized by desperate hackers. We already experienced in ED so I think, it is usual it to all of us.

Hackers are unstoppable, they can do what they want because they control technology and the internet.

Hackers are just really lurking just waiting up for things to be stolen and waiting up the opportunity but i fully disagree on the things you are trying to say up on here. I dont even believe the amounts stolen is just enough to make this market dump specially on bitcoins price. Do you know the current marketcap of bitcoin? You will able to take it back on the words you had said. $30M isnt too massive to be considered as the main reason of price decline.It might be an including factor but not totally the main reason.