His first thought is it’s unfortunate that the exchange got hacked. I mean, it’s not unexpected. But I think this is just the nature of the game. Freedom of money means that you have full control over your money, and if you give control away to an exchange, then they have the control over the money and they can easily lose it.

This probably won’t be the last time we hear about an exchange getting hacked. But this is definitely one of the largest hacks that I remember in terms of percentage of the coins out there.