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RE: Bithumb Hacked $31.5 Million Worth Stolen
This seems to be a regular thing nowadays. I wonder if it's because the exchanges are not regulated, therefore perceived as an easier target?
This seems to be a regular thing nowadays. I wonder if it's because the exchanges are not regulated, therefore perceived as an easier target?
I think that is one part of the problem. I think the exchanges needs to increase security and must have the full support of government agencies going after criminals and prosecuting them to the full extent of the law. Another possible solution is a limitation of withdrawals like a holding time duration depending on the amount. 24 hours hold for anything 5k and under and 1 week hold for anything 100k and over.
It's always the low hanging fruit that gets picked first. Perhaps these exchanges should go out of their way to NOT be low hanging fruit...