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Re: $1 Billion Dollar’s Worth of Cryptocurrency Stolen in 2018
by
Kemarit
on 18/06/2019, 04:40:07 UTC
You can't blame those hackers to target huge exchanges because I know they find it very irresistable. I really hope that a tighter regulation or even a government body is going to be created that will focus on hunting down these hackers and jailed for life imprisonment. And now even Binance was proven prone to hacking and the market is very healthy again, I start wondering on how much will be stolen on this year by online theft again.

For those criminals, this is a job for them, just like their counterpart in robbing physical banks. But I'm not sure if there will be dedicated government body whose task is to hunt those hackers, unless there is a regulatory framework that will cover such cases. Everyone is prone to hacking, because as I have said, those criminals are very smart and always one step of the game. Binance though was very quick to say that they are going to refund because of their so called SAFU, but for those exchanges that doesn't have that kind of program, then it will be very difficult to get back your money.