@DrocksAlex2 That's the world's largest exchange, with annual profits of approximately $16 billion. Even if half of that is removed, it would still be enough to cover those losses ๐คท๐ผโโ๏ธ
Saw a few discussions about size of hack, why impact to bitcoin price is small, etc. ๐
$6.3 billion is the biggest in USD terms, but not in BTC terms. MtGox was 650,000 BTC!
Other important numbers to consider:
% of bitcoin (in relation to BTC total supply), ie, market impact. MtGox is big there again at 5%+.
Number of users impacted, and % of user assets impacted. MtGox (the largest CEX at the time) and FTX (not small) were all near 100% of users and their asseets.
Most important: Who is impacted? Does the platform cover it all? (only one victim), as in recent two CEX cases and Binance.
Obviously, still a major disaster for the industry, Binance (and me). It hurts, but we survive.
Most importantly, we protect our users.
(image from @MatthewRoszak)
$MSTR shareholders have approved the Daily Dividends amendment. Preliminary results show 99.3% of votes cast were in favor. The amendment enables $STRF, $STRC, $STRK and $STRD to accrue dividends every calendar day. Thank you to all who voted. https://t.co/w1Cp4GKUy5
Saying thereโs no reason to own Bitcoin because AI can hack a crypto app is like saying thereโs no reason to speak English because AI can hack a messaging app.
Giving people stuff only means
theyโll never learn how to earn it. And because they didnโt earn it they probably arenโt equipped to take care of it or keep it.