Quote from: hatshepsut93 on September 20, 2018, 08:37:01 AM

Notice how the price haven't moved this time. Usually many people think that an exchange hack is a disaster for Bitcoin, because it somehow undermines the value proposition of Bitcoin. This opinion is often based on past events, like Mt. Gox and other exchanges, but the negative effect of hacks have been lowering with every year. Today $60 million is a drop in an ocean, and just like fiat doesn't crash when a bank gets robbed, Bitcoin doesn't go down.

I think the reserve funds of the exchange and the investment of $44.5 million covered the loss of the hack that's why it doesn't affect too much in market price.

Quote from: aso118 on September 20, 2018, 07:05:54 AM

Not again! I thought exchanges in Japan would be relatively safer, because they have to be registered and have some basic safety mechanisms in place. But I guess in the crypto world, you cannot be absolutely safe.
It will be interesting to see if the investigators pin blame on somebody.

Not because they do some safety mechanism or so doesn't mean that they are totally safe or have fully secured security. Decentralized exchange might be the best place to trade and exchange but most of them isn't newbie friendly and needs an improvement due to bugs.