aka Wednesday in crypto circles.
https://www.theblock.co/post/182048...rawals?utm_source=telegram1&utm_medium=social
https://www.theblock.co/post/182048...rawals?utm_source=telegram1&utm_medium=social
Deribit halts withdrawal after 28MM hack
- Thread starter Pekelo
- Start date
Does anywhere here us this exchange? Or even heard of them? lol.
I did, because for a while they were the only exchange letting you to play options on cryptos.
But that is beside the point. Crypto can't even go 3 days without a major hack, because be your own bank.
I checked out Deribit but never signed up because the spreads between bids and asks were too wide
You should look into perpetual futures on btc (and other cryptos)
This is financial advise since you already used an extremely inferior product
Crypto wasn't hacked. They allowed the private keys of their wallets to get into the hands of someone that stole tokens. When a bank is robbed you say, "the bank was robbed". You don't say, "dollars were hacked".
Interestingly, none of them are robbed online. Or maybe 1 per year.
But you are right, I should have clarified: The shittiness of crypto technology enables exchanges to be robbed from the hacker's mom's basement.
Happy now?
Crypto currencies had absolutely nothing to do with them allowing someone to gain access to their private keys for BTC and ETH. You fundamentally misunderstand what happened. There was no cryptocurrency hack.
I don't know man...if you trade derivatives, you probably should have heard of the biggest crypto options exchange in existance.
Their hot wallet got hacked probably by an insider. 99% of all assets are in cold storage and 28m is a piece of cake for them. Losses are covered by the exchange, so nothing to see here
How do you define hack?
Is your definition of this term different for crypto assets than the definition that is used for other types of assets?
Here's an example. According to Wikipedia,
On February 4, 2015, Anthem, Inc. disclosed that criminal hackers had broken into its servers and had potentially stolen over 37.5 million records that contain personally identifiable information from its servers.
Wikipedia often contains inaccurate information. But in this case, I think the information is accurate, and this is a commonly accepted use of the word hack.
Do you think this use of the term is incorrect in this context?
What is hacking? Is it a type of theft? Or is it something else?
If someone breaks into your house and steals the keys to your Ferrari they did not hack your Ferrari. That's absurd. Someone stole the keys to their Bitcoin, Ehtereum and other wallets. They then used those keys and made a transfer. The various blockchains were not hacked. Quote Wikipedia all you like. I absolutely do not care what nonsense they are spewing.