Just 9 users, $14 million lost, and not even all their funds in that exchange. According to the statement, some of the withdrawals were blocked. Assuming all went through, how much could we have been talking about here? That amount stolen is higher than the exchange's 24-hour average trading volume.

I don’t know how much they have in reserve, but that statement they made that all affected users will be covered is just a damage control statement, if you ask me. People take a whole lot of risk to leave this kind of money in exchanges. What for, if I may ask, since they are not instantly trading it?

The main purpose why an exchange is created is for trading from one pair to the other, converting to fiat or stablecoin, etc., but how some consider an exchange to be the safest place to save their wealth still surprises me.

Just 9 users, $14 million lost, and not even all their funds in that exchange. According to the statement, some of the withdrawals were blocked. Assuming all went through, how much could we have been talking about here? That amount stolen is higher than the exchange's 24-hour average trading volume. I don’t know how much they have in reserve, but that statement they made that all affected users will be covered is just a damage control statement, if you ask me. People take a whole lot of risk to leave this kind of money in exchanges. What for, if I may ask, since they are not instantly trading it?