I hope the funds stolen are from traders and not just from those who are lazy or confident enough to keep funds in exchanges.
Why? Nobody should store their funds in an exchange, but i can understand why traders do it, as for non-traders, i really cannot, when there are a lot of self custodial wallets out there to use. I am not really concerned about the kind of people who lost funds, i just hope the learn a lesson from this.
It's still concerning, especially if the victims are active traders who are left with
no choice but to trust centralized services. They're probably aware of the risks, but they have to put it aside for the sake of profit. That's what they do.
If they're not traders, then this is a costly reminder. But it seems WOO X commits to fully refunding them.
~snip~
Have you also noticed that whenever Bitcoin makes news with new all-time highs or whenever the market explodes into an uptrend, such cases of exchange hacks become more frequent. Perfect timing right? Or just pre-planned insider jobs?
I haven't noticed that pattern, but with all the hacks happening all the time, some of them must be pre-planned inside jobs.