Author

Topic: DO NOT store your coins on an exchange! (Read 810 times)

legendary
Activity: 1225
Merit: 1000
February 15, 2015, 09:57:36 AM
#1
Mt. Gox was hacked
Bitstamp was hacked
Poloniex was hacked
Vircurex was hacked
Bter was hacked
etc.


And now: www.bter.com

7170 BTC got stolen from our cold wallet in this transaction:

https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6


When will people learn that you DO NOT store your coins on an exchange?
Transfer, trade, then withdraw your coins to your own wallet asap! Always.



My guess: People will never learn, they are too used to think about saving money as giving it all to a bank.


hint: by hacked I mean that the exchanges said they were hacked, which can mean different things.
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