Post
Topic
Board Economics
Re: Why can't we have a good cryptocurrency exchange?
by
rijaljun
on 14/05/2019, 07:40:00 UTC
Is that an intentional paradox?

The fox will eat the sheep if unattended by the farmer but the farmer must leave for 20 minutes each day and must keep the sheep safe. He can't take either with him and no one else is allowed to watch. Solve the problem (without digging holes or building fires).
Simply put the sheep in a huge cage where only the farmer has the key, why not? Nothing can steal that sheep now.

I'm after an exchange that doesn't have inside attacks from it's staff which is clearly what happens (who stores 33% of their clients' funds on a hot wallet)? Where were the hacked funds sent to? How can we know they were hacked when no address proving the hacking was published (as far as I am aware at least)?
You need to read these articles :
https://www.coindesk.com/hackers-are-shuffling-binances-stolen-bitcoin
https://www.cryptoglobe.com/latest/2019/05/binance-hacker-consolidates-stolen-bitcoin-to-seven-addresses/