Ok, so a facebook friend asked:
FTA: "He said a weakness in the exchange's systems was behind a massive loss of the virtual currency involving 750,000 bitcoins from users and 100,000 of the company's own bitcoins."
So 850,000 bitcoins didn't vanish?
FTA: "It remains unclear if the missing bitcoins were stolen, voided by technological flaws or both."
Seriously, I thought every Bitcoin exchange was verifiable. So how can what happened to the missing Bitcoins be unclear?
What would you say to him?
First off, what is FTA?
Second, I was under the impression that Bitcoins can't "vanish" or be "voided" as there would be holes in the Blockchain.
Also since mining verifies the blockchain wouldn't the stolen bitcoins be able to be tracked to a specific wallet address?
FTA: "He said a weakness in the exchange's systems was behind a massive loss of the virtual currency involving 750,000 bitcoins from users and 100,000 of the company's own bitcoins."
So 850,000 bitcoins didn't vanish?
FTA: "It remains unclear if the missing bitcoins were stolen, voided by technological flaws or both."
Seriously, I thought every Bitcoin exchange was verifiable. So how can what happened to the missing Bitcoins be unclear?
What would you say to him?
First off, what is FTA?
Second, I was under the impression that Bitcoins can't "vanish" or be "voided" as there would be holes in the Blockchain.
Also since mining verifies the blockchain wouldn't the stolen bitcoins be able to be tracked to a specific wallet address?