650,000 Bitcoins got lost from Blockchain ?

[First77]

When Mt. Gox collapsed in 2014, some 650,000 bitcoins were lost. While it was a rather big sum four years ago, it is now worth $5.2 billion. Another big failure may result in a total loss of confidence in the cryptocurrency, resulting in an exodus to fiat money and commodities.

Last week, $500 million in NEM cryptocurrency were stolen, adding more concerns about the lack of security of investing in cryptocurrencies.

https://www.rt.com/business

650,000 Bitcoins got lost from Blockchain ??

[Daveeoff]

They were not lost, they were stolen. About the stolen NEM tokens - it was the exchange fault, not the blockchain.

[tokexchain]

Yes the Mt. Gox were not lost but stolen ad previous poster pointed out, if you look deep the web for tracking tools, you can see where they went, and are now. NEM was exchange fault too. There are of course many dust and forgotten about accounts and wallets, this is where the real loss is - I saw some time agon a transaction with 100 BTC as the fee, and 0.001 as the transaction - oops - the miners did well that day. It is scary to see how many BTC and ALTs are lost, never to be redeemed again.. It is also a great lesson to us all to hold what is dear true.

[Anti-Cen]

Ripple offers some protection against theft because real people are behind it instead of a hidden development team
who main task was to keep miners rich and now they have developed the lightning network so the
miners can run banks "Off-Block"

You can all keep the argument that Ripple is ran by bankers given these conditions we find ourselves in
today and Ripple fees are next to nothing so for these reasons I would recommend XRP to anyone that just wants
to learn how to use digital wallets.

Good job Bitcoins are not linked to much real money and is fire walled using fake USDT that is the
only new demand we are seeing in this casino because it's fake money and is not backed by real $USD
and is the king-pin that will bring the house of cards crashing down.

[First77]

They were not lost, they were stolen. About the stolen NEM tokens - it was the exchange fault, not the blockchain.

They did not call the POLICE   

[imapessimist]

Who can really put their faith in the Bitcoins now this is happening.  And not a word said about it anywhere.  Things will have to change.  Unless this is fake information.  But no way of telling whether it is or it isn't/ 

[Chyton]

Well they were not lost but they were stolen.
There is an estimation of 1.6 - 1.8 million Bitcoin that is truly lost forever because the wallet owner forgot about their wallet and deleted it or the hard drive that contains the wallet is damaged.

[yamoto_079]

Hardwork would have taken place had it not been for this story with the exchange of Coincheck $ 534 million were stolen due to a failure of NEM blockchain. But since this issue is caused by gaps in the security system of Coincheck, a failure of the team NEM was fair.

[bicoin110]

that is not related to Blockchain it is for exchanges. but now and now and in futeur this industry has very much risks.

[aardvark15]

When Mt. Gox collapsed in 2014, some 650,000 bitcoins were lost. While it was a rather big sum four years ago, it is now worth $5.2 billion. Another big failure may result in a total loss of confidence in the cryptocurrency, resulting in an exodus to fiat money and commodities.

Last week, $500 million in NEM cryptocurrency were stolen, adding more concerns about the lack of security of investing in cryptocurrencies.

https://www.rt.com/business

650,000 Bitcoins got lost from Blockchain ??

We are in the early stages of the cryptocurrency technology so it is like the Wild West in some ways. Many exchanges are at risk of thefts and hacks and the exchanges themselves can steal our money with little recourse and very little chance of us getting our money back. This is especially true since these exchanges are international and mostly unregulated. It’s up to us to make sure we secure our investments.

[weeklyeth]

how can they lost bitcoins without giving private keys this is nt real and this is another fud article created by RT

[bitart]

Well they were not lost but they were stolen.
There is an estimation of 1.6 - 1.8 million Bitcoin that is truly lost forever because the wallet owner forgot about their wallet and deleted it or the hard drive that contains the wallet is damaged.

Forgotten or lost wallets will be a problem as long as people won't care about their bitcoins equal to their real life money. I know you can't put your hard dirve into a safe box (but a backup hard drive can be put into it). Also, people have to learn how to deal with bitcoin. Dealing with fiat money is really simple, you learn it from your parents, or from other people, but you can't learn to deal with bitcoin from the family and you don't learn it in the school. Those lost bitcoins were lost when the technology was really new and people didn't care about them much, because it had much less value. If the bitcoin price was $1,000 or more that time people would care about their bitcoins much more.

[eaLiTy]

When Mt. Gox collapsed in 2014, some 650,000 bitcoins were lost. While it was a rather big sum four years ago, it is now worth $5.2 billion. Another big failure may result in a total loss of confidence in the cryptocurrency, resulting in an exodus to fiat money and commodities.

Last week, $500 million in NEM cryptocurrency were stolen, adding more concerns about the lack of security of investing in cryptocurrencies.

650,000 Bitcoins got lost from Blockchain ??

Let us analyze the situation,who gave you the idea that bitcoin is lost from the blockchain,they were hacked in the first place and these happens when you take customers for granted and the mystery of Mt.Gox will always be a mystery as you will never know whether it was an inside job or not,most of their dealings were shady prior to the said hack,when it comes to coincheck hack,there are more doubts than answers,they did not put multi signature security which is again a fault from the exchange,in conclusion always store your coins in your own wallet where you own the private key and not in exchanges.

[Sexie]

Yes the Mt. Gox were not lost but stolen ad previous poster pointed out, if you look deep the web for tracking tools, you can see where they went, and are now. NEM was exchange fault too. There are of course many dust and forgotten about accounts and wallets, this is where the real loss is - I saw some time agon a transaction with 100 BTC as the fee, and 0.001 as the transaction - oops - the miners did well that day. It is scary to see how many BTC and ALTs are lost, never to be redeemed again.. It is also a great lesson to us all to hold.                         



       So, we must be careful of securing our  wallet and bitcoin if not we have lost them forever. . Don’t give your  username or passwords for every site asking to it. Coz you do not know if they keep tracking with your account. If they will track you, they will be the one using  it , and  they will steal all the  fruit of your hardship on bitcoin. So do not trust your account to anybody for they might hacked you  and you can not open anymore your wallet .
.

[First77]

Let us analyze the situation,who gave you the idea that bitcoin is lost from the blockchain,they were hacked in the first place and these happens when you take customers for granted and the mystery of Mt.Gox will always be a mystery as you will never know whether it was an inside job or not,most of their dealings were shady prior to the said hack,when it comes to coincheck hack,there are more doubts than answers,they did not put multi signature security which is again a fault from the exchange,in conclusion always store your coins in your own wallet where you own the private key and not in exchanges.

Bitcoin is all about blockchain. I think blockchain talks about Secure transactions against hackers etc..

[1Referee]

I think blockchain talks about Secure transactions against hackers etc..

Do you even read and acknowlegde what people say? FORGET about the blockchain. An exchange or whatever other service losing coins due to theft or data loss, is only the result of how incompetent or shady the service or exchange in question is. People are the ones messing up not Bitcoin, but that apparently isn't something the empty headed mainstream media sources understand. If you don't wish to be a victim of the aforementioned scenarios where coin loss occurs, then avoid making use of centralized services, it's that simple. If you allow whatever entity to 'take care' of your coins, you'll be operating completely at that entity's mercy. You're a slave just like how people are a slave of the banks controlling their wealth.

[First77]

Do you even read and acknowlegde what people say? FORGET about the blockchain.

Did you read that post ??

[btcgreen63]

Fortunately fiat currency is never stolen.

[First77]

An exchange or whatever other service losing coins due to theft or data loss, is only the result of how incompetent or shady the service or exchange in question is. People are the ones messing up not Bitcoin, but that apparently isn't something the empty headed mainstream media sources understand. If you don't wish to be a victim of the aforementioned scenarios where coin loss occurs, then avoid making use of centralized services, it's that simple. If you allow whatever entity to 'take care' of your coins, you'll be operating completely at that entity's mercy. You're a slave just like how people are a slave of the banks controlling their wealth.

The RT.com article title is "3 doomsday scenarios for bitcoin". Read there..

[Sangkuni]

how can they lost bitcoins without giving private keys this is nt real and this is another fud article created by RT

Mt.Gox is exchanger, they dont need private key to stolen bitcoin from customers..so the scheme is like this, Mt.Gox owned private key>>costumer deposited to the address that owned by Mt.Gox>>customer want to exchange their bitcoin to fiat money via Mt.Gox, but unfortunely Mt.Gox dissapeared and steal customer assets...