FTX US’s wallets appear to be hacked, $600M leaving the exchange

Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by xwdv on Saturday November 12, 2022 @10:22AM (#33573886)

Personally I liquidated all remaining crypto. I think these are the end of days for crypto and before the end of this year anyone still holding crypto assets will find them significantly less valued. There is no path to increasing value.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by pinkfairy10 on Saturday November 12, 2022 @10:32AM (#33573989)

Losing faith just because a CEX goes down means you were never interested in it beyond speculation to begin with it.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by xwdv on Saturday November 12, 2022 @10:36AM (#33574027)

That is 100% accurate.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by oldgradstudent on Saturday November 12, 2022 @10:47AM (#33574128)

It's not a CEX. It's quite a lot of CEXs, one after the other.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by pdntspa on Saturday November 12, 2022 @11:44AM (#33574706)

Did you just call GP a paper hands?

Because any profitable trader will tell you just how stupid that logic is.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by davewritescode on Saturday November 12, 2022 @11:58AM (#33574834)

All of crypto is speculation. Nobody pays for anything with crypto and most of the time the price movement of Bitcoin seems pretty close to the movement of NASDAQ.

ETH provides value but it’s moved to an unproven model.

The who crypto ecosystem is filled with charlatans and crooks who want to rob you and your only other alternative is to be your own bank and store in a cold wallet. Not something normal people are interested in.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by eddsh1994 on Saturday November 12, 2022 @12:13PM (#33574960)

I’ve routinely bought my morning bacon and avocado sandwich with coffee using various crypto at a local cafe in Oxford, when I lived there.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by HaZeust on Saturday November 12, 2022 @01:08PM (#33575451)

Yeah because you're a user on HackerNews.

That process is not at all streamlined for the layperson, and the structure of crypto has only existed to make it harder, and to further divorce from what could otherwise be a straightforward process for 99% of folks.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by xwdv on Sunday November 13, 2022 @12:16AM (#33580295)

Some guy bought a Dominos Pizza for 500 bitcoins way back before it was popular.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by MrMan on Saturday November 12, 2022 @01:56PM (#33575894)

crypto is famous only because of speculation, speculators drive all the value

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