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Crypto hack $196,000,000


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#1 Rogerdodger

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Posted 06 December 2021 - 10:29 AM

"Keep Stacking" and they will keep hacking!

Shock to Crypto Daredevils Joins List of Scary Market Omens...
All told, crypto investors have some US$250 billion less to play with in their accounts than they did when stocks starting sliding Nov. 26. It’s a worrisome backdrop for the market.

Hackers take $196 million from exchange...

Bitmart confirmed the hack in an official statement Saturday night, calling it “a large-scale security breach”


Edited by Rogerdodger, 06 December 2021 - 10:31 AM.


#2 redfoliage2

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Posted 07 December 2021 - 09:52 AM

Bitcoin (market cap 1 trillion) up over 6% today and Ether (market cap 517 billions) even more, up over 9% today.  They are just too big to fail ...........................


Edited by redfoliage2, 07 December 2021 - 09:57 AM.


#3 12SPX

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Posted 07 December 2021 - 10:04 AM

Wasn't that said about Enron lol!!  Nothing is to big to fail lol!! 



#4 Rogerdodger

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Posted 15 December 2021 - 11:18 PM

Threats

  • Thieves siphon $196 million of crypto from Bitmart, according to an article published by Bloomberg. The hackers helped themselves to $100 million worth of cryptos on the Ethereum network and $96 million on the Binance Smart Chain, by stealing a private key that gave them access to two of their hot, or active, wallets.

  • Bitcoin's latest plunge highlights the danger of a crypto salary. If you're paid in Bitcoin, then your entire paycheck shrank by more than 20% when the token fell that much on Saturday. That rapid plunge highlights just one peril of a nascent trend that's being hyped up by politicians and celebrities who are currently being paid in digital currencies, writes Bloomberg.

  • Cryptocurrency is the "Top Contender' for correction, money managers say. By many counts, 2021 was the year cryptocurrencies were finally embraced by institutions. Now those same money-managers say the asset class is ripe for a big selloff next year. Digital assets will have a major correction in 2022 with nearly three-quarters of institutions saying they're not an appropriate investment for most retail investors.


#5 Rogerdodger

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Posted 15 December 2021 - 11:25 PM

Bounce time?

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