Ukraine - man arrested for stealing bitcoins and altcoins

[meanwords]

It's kind of scary. There was no hacker involved but the employees themselves. It would seem that the exchange is very bad when it comes to hiring someone. Even the exchange themselves can't be trusted. Since he is targetting inactive users, those users are probably holder their assets in their exchanges which is something that you should never do. I hope justice serves him right.

[shesheboy]

_ snip _

Well this should be a lesson that if you want to just store your crypto for a long term then don't trust the exchanges.
This is the reason why we have to keep our own funds in our own wallet.
There are ao many wallet that we could use why should we leave it at an exchange for a long time?

So you think storing your coins on a wallet is considered safe ?  On hardware wallets yes because they are offline but if your only using online wallets no .  online wallets dont differ from exchanges because a hacker can always access your account and steal your coins  .  but its not bad to trust them if you know to your self that you are using a legit service/platform  .  i myself have been an avid user of online wallets ( several kinds of them )  but as of now i dont get experience to be hacked  .  

[Viron]

Scary stuff, glad it's taken seriously in the law though.
Hope that we move more towards decentralization, that'd be one way to make our "wallets" safer.

[pundit]

Hackers are finding a new way everyday to steal money from other's account. This person was targeting inactive account means noone was operating those accounts for long time, customers might be waiting for market recovery but such negligence of keeping funds in an exchange for a long time and that too w/o 2FA would definitely be harmful to the account. Its the user only who give hacker a chance to steam is account. Sometime user clicks on link from unknown resources and shares all his detail on that link and most of the time he does not cover his account with 2FA. If such small negligence are taken care of,we can save our funds.

[lyks15]

I hope that kind of police duty will perform in every country. We don't have to avoid to store your bitcoin in your online wallet specially when you are holding coins for your future. But like you said it is very risky to stored it online. But I think when bitcoin are going to become decentralized our coin will become safer and I hope it may happen very soon.

[BitBustah]

Working at an exchange and he was only able to steal $26,000?  That is nothing compared to what these bigger exchanges are scamming.  Why does it seem like the big scammers always get away with it?

[veleten]

Working at an exchange and he was only able to steal $26,000?  That is nothing compared to what these bigger exchanges are scamming.  Why does it seem like the big scammers always get away with it?

is 26.000$ not big enough a sum?
I bet if he could, he would have stolen more than that
and that must be a rhetorical question why does it seem like the big scammers always get away with it
not always and not all of them , but it is easier to catch someone who is just a petty thief rather than uncover a well planned operation