Quote from: NotATether on July 20, 2025, 09:03:00 AM

Quote from: mindrust on July 19, 2025, 11:25:11 AM

Was it Hacked or an inside job?

Back in the day many small time crypto exchanges went down like that because either the owner or the employees went rogue and stole the funds from the exchange they own/work for. This might be a similar story.

We’ll learn about it soon enough probably. The good thing is there is probably no forum user uses this exchange so the damage they caused on the community is little to nothing.

Leans more to being a hack to be honest, otherwise they wouldn't be giving out a big bounty to find the thief.

There is a saying I made up: "Old exchanges never die; young ones do."

I think it fits appropriately.

I agree, that is terrifying, how this theft can just happen overnight with now a big unknown in terms of who did it, if the funds will be recovered and even if
the funds were protected in the first place. Was it inside, was it a group, was a syndicate, was it even a government?