How the Bitcoins Were Stolen from Mt. Gox [video]

Re:How the Bitcoins Were Stolen from Mt. Gox [video] by aboodman on Sunday September 17, 2017 @11:59PM (#15273305)

All crypto on Coinbase is insured, according to:

https://support.coinbase.com/customer/portal/articles/166237...

This counts for a lot IMO. Of course there are still questions of whether and how the insurance comes through. But it's a big step to make such a declaration, and the implications on security are significant.

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Re:How the Bitcoins Were Stolen from Mt. Gox [video] by gibybo on Monday September 18, 2017 @12:57AM (#15273500)

When they say stored 'online' they mean 'not in cold storage'. 98% (according to that article) of the crypto held by Coinbase is in cold storage and is not insured.

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Re:How the Bitcoins Were Stolen from Mt. Gox [video] by qyv on Monday September 18, 2017 @02:01AM (#15273677)

I wonder how many people make this exact mistake.

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Re:How the Bitcoins Were Stolen from Mt. Gox [video] by rebuilder on Monday September 18, 2017 @09:57AM (#15275939)

Which makes sense. I imagine insuring cryptocurrencies is very, very expensive, considering the risk profile.

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Re:How the Bitcoins Were Stolen from Mt. Gox [video] by aboodman on Monday September 18, 2017 @10:46AM (#15276390)

Good point. The cold storage procedure is also impressive, but not as impressive as full insurance.

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