BTER.com Hacked, 7170 BTC stolen

[nextgencoin]

Tomorrow morning all the newsmedia will be full of the hack details and the price will plummet. Again.

Lets hope that doesn't happen. A hack always does plummet the price unfortunately :/

I have a hunch the market won't skip a beat and will shrug it off, I mean it's not like the coins are out of circulation but are more likely to be horded even, in theory supply wise it should increase the price!

And I'm sure a lot of bad people already own Bitcoin, now they own a few more.  . Nothing to see.

[olcaytu2005]

 i want to ask a question.  Bter doesnt use "two factor authentication" ? it s really basic security . it asks that 7170 btc will be sent from your address pls write here your authentication code or pls write here your password in the message on your phone. or it hacked completely??

[hdbuck]

Bitcoin hack? inside job? scamming al around?

you better call saul!



https://www.youtube.com/watch?v=-g1IGSM3Hgs

[pawel7777]

I have a hunch the market won't skip a beat and will shrug it off, I mean it's not like the coins are out of circulation but are more likely to be horded even, in theory supply wise it should increase the price!

And I'm sure a lot of bad people already own Bitcoin, now they own a few more.  . Nothing to see.

You're being too optimistic.

The market won't wait with reaction until the actual BTC7k hits the exchanges. If traders expect the price to go down, the price will go down.

But in the long run, we'll be better off once all the incompetent exchanges die out.