Topic: 650,000 Bitcoins got lost from Blockchain ? (Read 628 times)
could be because of the scams that are out there all the time, one gotta be really careful with these
When Mt. Gox collapsed in 2014, some 650,000 bitcoins were lost. While it was a rather big sum four years ago, it is now worth $5.2 billion. Another big failure may result in a total loss of confidence in the cryptocurrency, resulting in an exodus to fiat money and commodities.
Last week, $500 million in NEM cryptocurrency were stolen, adding more concerns about the lack of security of investing in cryptocurrencies.
https://www.rt.com/business
650,000 Bitcoins got lost from Blockchain ??
Last week, $500 million in NEM cryptocurrency were stolen, adding more concerns about the lack of security of investing in cryptocurrencies.
https://www.rt.com/business
650,000 Bitcoins got lost from Blockchain ??
That is the main reason why bitcoin price is so expensive than 2014 now. Many coins lost, and the demands keep increasing.
If many peoples want to buy bitcoin but the circulating supply is low, then bitcoin price will increase over time.
those 650000 has the owner of mt gox, he stole and sold them a part in 20,000 and the payment to customers in 8000 and he earned money if and nem a security flaw but bicoin is still the leader and part of them there are many lost bitcoins that people voted their private keys are lost every day around the world several bitcoin
Hackers are not lacking in the world, they are skilled but do illegal work, Bitcoin is the property, so the best preserve, You will suddenly convert all your fiat currency into bitcoin? No, I'm very suspicious of that. People need to stop blaming Bitcoin, it is not a bitcoin vulnerable to attacks, it is the trading floor does not guarantee their property security.
As far as I know, the funds from Mt.Gox were stolen and are now kept by someone. The biggest problem now is the inadequate security of crypto-exchange platforms and I believe that project developers must take care first of all of security before launching. As soon as the developers start to protect their projects normally we will be able to see the active growth of the crypto currency.
When Mt. Gox collapsed in 2014, some 650,000 bitcoins were lost. While it was a rather big sum four years ago, it is now worth $5.2 billion. Another big failure may result in a total loss of confidence in the cryptocurrency, resulting in an exodus to fiat money and commodities.
Last week, $500 million in NEM cryptocurrency were stolen, adding more concerns about the lack of security of investing in cryptocurrencies.
https://www.rt.com/business
650,000 Bitcoins got lost from Blockchain ??
I think that is not lost. that is stolen. Coin still on Blockchain and still someone can transfer it through another wallet!Last week, $500 million in NEM cryptocurrency were stolen, adding more concerns about the lack of security of investing in cryptocurrencies.
https://www.rt.com/business
650,000 Bitcoins got lost from Blockchain ??
Digital money must do well to be secure and encrypt the data!
They are not lost but they are stolen. There are an estimated sixteen to seventeen million Bitcoins that are completely lost forever because wallet owners forget their wallets and remove them. Any exchange or other service that loses coins due to theft or loss of data, is simply the result of how incompetent or shady the service or exchange is concerned. People are people who do not mess up Bitcoin, but it does not seem like something controlled by an empty mainstream media source.
Is this a joke? 16-17 million is almost all the coins that are mined at the moment. I heard that the lost are considered about 2.5 million bitcoins. Bitcoin theft from the exchange is the result of management incompetence. That's why I never keep my coins on exchanges. I keep in the refrigerator and send to the exchange only when I need to make an exchange.
should be for anyone who is party to the currency of cryiptocurrency. should be able to provide public facilities. both in terms of asset security. and so forth. so the bitcoiners do not get nervous and afraid to invest in bitcoin .
They are not lost but they are stolen. There are an estimated sixteen to seventeen million Bitcoins that are completely lost forever because wallet owners forget their wallets and remove them. Any exchange or other service that loses coins due to theft or loss of data, is simply the result of how incompetent or shady the service or exchange is concerned. People are people who do not mess up Bitcoin, but it does not seem like something controlled by an empty mainstream media source.
It reminds us to be more careful in storing bitcoin in the wallet or in exchange, the more bitcoins are stolen the more negative value for investors who are afraid to invest in cryptocurrency.
The coins are still stored in the Blockchain, they just shifted from their original address to another address not owned by the account holders on the MtGox exchange. You cannot remove any coins from the Blockchain, but you can mix the coins up a little that they cannot be traced back to the original owner. 
The hackers also become anonymous because Bitcoin has anonymity for its users. Negative side of Bitcoin. It is like stealing money from tax evaders who are hiding their money under the carpet.
They were not lost, they were stolen. About the stolen NEM tokens - it was the exchange fault, not the blockchain.
Thats right and must be known by many so they wont think about losing large volume of bitcoin in the airThis exchange until now has been issue because of their big amount of bitcoin on hand,i hope this must be resolved for the benefits of all since this thing was affecting the market price everytime they are moving the coins
When Mt. Gox collapsed in 2014, some 650,000 bitcoins were lost. While it was a rather big sum four years ago, it is now worth $5.2 billion. Another big failure may result in a total loss of confidence in the cryptocurrency, resulting in an exodus to fiat money and commodities.
Last week, $500 million in NEM cryptocurrency were stolen, adding more concerns about the lack of security of investing in cryptocurrencies.
https://www.rt.com/business
650,000 Bitcoins got lost from Blockchain ??
Last week, $500 million in NEM cryptocurrency were stolen, adding more concerns about the lack of security of investing in cryptocurrencies.
https://www.rt.com/business
650,000 Bitcoins got lost from Blockchain ??
Mt gox was stolen indeed, but they should able to track the hacker address right ?
such massive wallet hack should not let running free in cryptocurrency world. It will causing the price to drop if they dump it.
It is just a known number from single source but the real number of lost Bitcoin is much more than this number. We don't have the mass awareness regarding the usage precautions while using cryptocurrencies and hence some people make mistakes resulting in a irrecoverable loss. Even there are theories claiming that Satoshi's Bitcoins are lost but that must be the different case.
Blockchain technology can be trusted ?? Is it reliable and 100% secure/safe ??
It is just a known number from single source but the real number of lost Bitcoin is much more than this number. We don't have the mass awareness regarding the usage precautions while using cryptocurrencies and hence some people make mistakes resulting in a irrecoverable loss. Even there are theories claiming that Satoshi's Bitcoins are lost but that must be the different case.
Since Mt. Gox lost a lot of bitcoins in 2014, we have seen the frequent hacker theft of coins on these exchanges, so now I don't believe in the exchange, and all my coins are stored in my wallet.
It is likely that those bitcoins were converted into something untraceable like monero. Once it has been laundered the trail goes cold and with all these new decentralised exchanges it makes it even more difficult to track
The coins are still stored in the Blockchain, they just shifted from their original address to another address not owned by the account holders on the MtGox exchange. You cannot remove any coins from the Blockchain, but you can mix the coins up a little that they cannot be traced back to the original owner.
As a matter of fact, you might be using some of the coins that was stolen in the MtGox hack.
The exact same thing happens with cash, you will never know where that cash was, before it reached you.
As a matter of fact, you might be using some of the coins that was stolen in the MtGox hack.
The exact same thing happens with cash, you will never know where that cash was, before it reached you.
I dont know about NEM's case, but for Mt.Gox it was stolen not lost, someone still have that bitcoins. Always remember the safest place to keep cryptocurrency is personal wallet, not exchanger wallet, keep it safe, dont put it on exchanger for long time
Is NEM open source?
They were not lost, they were stolen. About the stolen NEM tokens - it was the exchange fault, not the blockchain.
You're right. NEM tokens are stolen on some exchanges because these exchanges are not secure and they have a lot of holes. Even Binance also has been stolen some tokensJump to: