Lesson:- That we are not safe anywhere from thieves? :-) Seriously though one of the fundamental flaws of cryptocurrencies is that once you have been liberated from your cryptos you have no recourse. This is a design flaw that we are all hoping will be resolved. Sooner rather than later. Ali Hussein Hussein & Associates +254 0713 601113 Twitter: @AliHKassim Skype: abu-jomo LinkedIn: http://ke.linkedin.com/in/alihkassim Blog: www.alyhussein.com "Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi Sent from my iPad
On 27 Jan 2018, at 8:53 PM, Victor Kapiyo via kictanet <kictanet@lists.kictanet.or.ke> wrote:
Dear Listers,
One of Japan's largest digital currency exchanges says it has lost some $534m (£380m) worth of virtual money in a hacking attack on its network.
Coincheck suspended deposits and withdrawals for all crypto-currencies except Bitcoin as it assessed its losses in NEM, a lesser-known coin. If the theft is confirmed, it will be the largest involving digital currency. Another Tokyo exchange, MtGox, collapsed in 2014 after admitting that $400m had been stolen from its network.
Read more: http://www.bbc.com/news/world-asia-42845505#
What lessons can we learn from this?
Regards,
Victor Kapiyo Partner | Lawmark Partners LLP Advocate of the High Court of Kenya, Commissioner for Oaths & Notary Public Suite No. 8, Centro House, Westlands, Nairobi | Web: www.lawmark.co.ke ==================================================== “Your attitude, not your aptitude, will determine your altitude” Zig Ziglar
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