This type of incidents really shocks me by thinking about the companies who doesn't have enough security parameters.
We have listened hacking stories before and this is not the first time.
I want to ask why they don't start a business with enough security features at the beginning?
This type of incidents force me to think that the owners intentionally opens the door for hackers/thieves, because they are also part of the team.
Whenever a new company pops up, they just think of their profit, but never thinks for enough security for their business.
They never want to learn from previous incidents and don't want to take precautions in advance.
I assumed that the balance were in a hot wallet, if it is true then why the hell they kept such a big amount in hot wallet instead of cold wallet?