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[Stealthcoin]

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[1715219819]

1715219819

[rememberme]

damnit, what a fail. Multi-sig is a must... CMON PEOPLE

[Agestorzrxx]

$386.9m for 3000 people? Every average lost $10K, That can't be true.

[rememberme]

CoinDesk is almost never wrong... unless they are haha

[Equate]

Events like this tarnish the image of BTC and cryptos.

[Mountain Jew]

$386.9m for 3000 people? Every average lost $10K, That can't be true.

It's not. They're basing that number of faked figures which were no doubt exaggerated to further their scam:

Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each.

[Mudd]

Events like this tarnish the image of BTC and cryptos.

There's nothing that can be done about that, but there are plenty of scams involving cash so I don't see why this should tarnish it, though the public will believe whatever they want to about btc even if it comes from a place of ignorance. Hopefully they will see the power and potential of bitcoin over time.

[Este Nuno]

$386.9m for 3000 people? Every average lost $10K, That can't be true.

It's not. They're basing that number of faked figures which were no doubt exaggerated to further their scam:

Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.
If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each.

Some really bad reporting here. Off by an order of magnitude.

It should be around 38 million, not 380...

[rememberme]

Lel, fail