Imagine your the hacker of this fiasco...what happens now???

[badboyrazor]

Imagine you are the hacker that just hacked Bitfinex, living in Czech Republic. You just stole 60 million dollars and no longer have to work at your burger king job. And the best part about it is, you dont have to worry about being caught because the police of your country don't care how many bitcoins are stolen because they have no clue what a bitcoin is or maybe they are too lazy to investigate international matters. And on the other side, its the Czech Republic(I am using an example but you can insert any corrupt eastern European or developing country here) so their law enforcement doesn't care either. If I was the hacker I might as well unload those coins and retire. Who is going to do something about it?

Its a sad day for Bitcoin indeed. At least with banks your money is protected from direct hacking of your account. How often do you hear of your bank account being hacked and someone transferred those funds to another account? If only BTC had some FDIC assurance.

[Holliday]

A sad day for Bitcoin? Indeed. Sad because a bunch of people trusted (again) a third party, who proved to be extremely incompetent (again) at securing private keys, while those of us who are competent enough to secure our private keys had to watch our asset lose value (again) due to misplaced trust and obnoxious incompetence.

Seriously people. Stop making this mistake. Do not trust third parties with your money unless you know there is some recourse when they accidentally all the coins. Cuz, chances are, they are going to accidentally all the fucking coins. This isn't 2011. Learn from the mistakes that have been made over and over again.

OP, if you want insurance, get your IOUs from an institution that provides insurance. Places like that do exist. This isn't rocket surgery here. Better yet, don't accept IOUs from any institution. We have the technology to store your own money. It's called Bitcoin.

As always: If you aren't the sole controller of your private keys, you don't have any bitcoins. Take the steps required to ensure that you are the sole controller of your private keys, and you will never have any problems with theft of bitcoin. If you are incapable of securely creating and storing a specific string of number and letters, please do us all a favor and avoid cryptocurrency.

[dihari]

so many country in the world is doesn't really care about the cyber crime. and so many reason why that happen.
cyber crime is one of the most cyber can't be detect on any country.

[Amph]

they should get rid of all those carppy exchange and build a p2p exchange on the bitcoin client itself, so anyone when run core is ready, to exchange is coin with soemone else, no third party of anything, not even for p2p exchange

[7788bitcoin]

If I were the hacker I will break the bitcoins into many small parts and send to many different wallet. Then go back to work (in burger king?), pretending nothing has happened. After awhile, slowly make more transfer and mixing to distract whoever monitoring the coins, and finally use an anonymous coin mixer to laundry the coins... and then....

[Barnabe]

If I were the hacker I will break the bitcoins into many small parts and send to many different wallet. Then go back to work (in burger king?), pretending nothing has happened. After awhile, slowly make more transfer and mixing to distract whoever monitoring the coins, and finally use an anonymous coin mixer to laundry the coins... and then....

You still would have to launder more than 60$US, which would be huge and easily traceable by authorities if you decide to spent some of it in real assets (how did this guy buy a ferrari while working at Burger king).