Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange says

People need to stop with the 'sophisticated attack" shenanigans. No one is going to say 'un-sophisticated attack", when the reality of it is, it usually boils down to negligence. My bet is on an insider.

Interesting in this case is that the CTO / Co-Founder's son was previously arrested for creating the "Mariposa" bot net and money laundering.

https://krebsonsecurity.com/tag/matjaz-skorjanc/ http://www.bbc.com/news/technology-25506016

"Sophisticated hack" in crypto translates roughly to "we decided our customers' money was better off in our bank accounts than theirs".

Exactly.. the "we had hot wallets for all our currency" excuse would have worked 6 years ago, not so much today.

Yikes. This is the reason Im fearful of bitcoin.

Rackets like this happen all the time. What makes Bitcoin different is often a lack of recourse.

This person did AMA about Crypto! I think you should ask and refer it.

https://us.teamblind.com/article/i-manage-a-multi-million-cr...