Re:Bitcoin exchange Youbit shuts after second hack attack
by user5994461 on Tuesday December 19, 2017 @10:12AM
(#15960712)
It's the most common form of scam. The owner of the exchange leaves with the money.
That's why exchanges are regulated. Step one of the regulation is getting the identity of all the owners. Step two is having servers and backups on regulated soils so you can seize everything at any time and reconstruct the ledgers.
That's why exchanges are regulated. Step one of the regulation is getting the identity of all the owners. Step two is having servers and backups on regulated soils so you can seize everything at any time and reconstruct the ledgers.