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RE: "Biggest Theft In Crypto History": Over $400MM Stolen From Japanese Crypto Exchange

in #cryptocurrency6 years ago (edited)

If they wanted to save their business the same way BitFinex did they should halt withdrawal and give a haircut of everyone's balance.

But the fact that the amount stolen would could have collapsed NEM's global market make the whole thing a huge clusterfuck.

Example : Some guy has 80% of STEEM's supply on an exchange that get hacked. Although he would have crashed the price to near 0 by selling even 1% of that, he's incurring a liability far far bigger on the whole market.

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