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by syngrog66 3612 days ago
>In Bitcoin, what's gone is gone.

that's true with US cash too. the problem with some of these exchanges is that they essentially have these buildings with $50M+ cash sitting inside them, but they are NOT also running bank vault level security, quality-wise, to protect that stash. some are better than others, but it makes sense that the worst of them will be run by underqualified people.

I've had the opportunity to look/study behind the scenes at a few major Bitcoin websites, early on, and... let's just say you never wanted to learn how the sausage in the sausage factory gets made. "This PHP kinda works on my box... Let's ship!"

1 comments

Also the attackers have plenty of time to snoop, wait and watch for an opening. If you were breaking into a real bank then hanging around drilling or whatever is very noticeable and limits your options. I assume they are always scanning for unauthorised access but it only takes one chink and they are very attractive prospects for hackers so the motivation is there.