Post
Topic
Board Bitcoin Discussion
Re: Bitmark to reimburse $200 million to customer
by
laurenB7742
on 13/12/2021, 19:26:31 UTC
I received an email from bitemark on the 5th of December informing me about an attack on its got wallet which is hosted in two blockchains Bianca smart chain and Ethereum blockchain. As a result of that a total of $200 million worth of assets ranging from Bitcoin, baby don't, and some other coin. The news of the reimbursement came as a great relief to victims.

That's why crypto should never be hold in these exchanges. A hardware or software wallet should be used to hold crypto.

Everyone holds the coin on the exchanges to avoid the risk of instant dump for fear of the liquidity of the coin but never thinks about the risk of hacking on the exchanges. If the price of a coin is fallen, there is a chance to recover it, but if are a victim of hacking, how will it be recovered?

BTW, I hope you get the compensation, this is a lesson for you, you should never hold on to the exchange.