[2016-08-18] Mint: After $65 mn hack, questions of whether bitcoin can be safe

[polynesia]

After $65 million hack, questions of whether bitcoin can be safe

http://www.livemint.com/Money/5uzp73cti1ouRLUxf2vs0I/After-65-million-hack-questions-of-whether-bitcoin-can-be.html

It seemed bitcoin exchange Bitfinex was doing all the right things. In the end, that didn’t stop hackers from stealing $65 million.

The latest in a long list of attacks on the digital currency since its birth in 2009 has been particularly vexing for the bitcoin community. Not only was Bitfinex the largest exchange for US dollar transactions, but the hack highlights that the industry hasn’t figured out critical security, despite years of learning from mistakes and making improvements to its infrastructure.

[philiveyjr]

I personally don't think it was the bitcoins should be questioned when the hack happened, because a lot of speculation involves it being an internal hack, so the multisig feature would have been useless at that point.