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Researchers Say $400 Million Raised Through Cryptocurrency ICOs Has Been Lost or Stolen

By WookieMan following x   2018 Jan 22, 2:16pm 3,422 views   14 comments   watch   nsfw   quote     share    


Another reason not to "invest" in crypto... Nobody's paying taxes on that either...


https://gizmodo.com/researchers-say-400-million-raised-through-cryptocurre-1822297772
1   anonymous   ignore (null)   2018 Jan 22, 2:26pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Wait, let me max out my credit cards to buy crypto, what could possibly go wrong?
2   APOCALYPSEFUCKisShostikovitch   ignore (41)   2018 Jan 22, 2:33pm   ↑ like (4)   ↓ dislike (0)   quote   flag        

Exactly what banks are for ASSHOLES!

Everyone knows an economy is doomed unless it has magic money backed by bug-eyed mania that can lose half of its value at any moment for any reason or no reason!
3   anonymous   ignore (null)   2018 Jan 22, 3:31pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Panicky Bitcoin investors struggle to withdraw cash from money exchanges as they look to ‘safe’ gold investments amid fears of cryptocurrency collapse.

THERE are mounting fears that Bitcoin investors will struggle to get their cash out after the cryptocurrency's value fell 40 per cent in a single month.

Many are looking to put their money in gold instead, with some European gold traders reporting a "five fold increase" in demand amid fears Bitcoin could collapse entirely.

But it could be bad news for investors tied up in Bitconnect who fear they will lose their money after the controversial trader announced it was shutting down.

It assured customers they would be able to withdraw at a "recent exchange rate" but "continuous cyber-attacks" have prevented them from doing so, Fortune reports.

Concerned investors have since taken to social media to complain they fear losing anything from a few thousand dollars to their entire "family savings".

Adding to fears, some panicked investors have reportedly been tricked into handing over the contents of their cryptocurrency wallets by scammers presenting themselves as Bitconnect "customer support".

The largely untraceable Bitcoins are beneficial to criminals who can use them to buy drugs and weapons on online black markets on "The Dark Web".

They are less useful for everyday consumers who cannot buy goods or, say, invest in properties using the cryptocurrency.

https://www.thesun.co.uk/news/5396239/bitcoin-price-investors-selling-gold-value-collapse/
4   anonymous   ignore (null)   2018 Jan 22, 9:09pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

I told you alll to buy XRP at half a cent. I cashed out early with $66k, and that would have been worth $5M USD three weeks ago. Shut the fuck up and go buy some MOON before it’s too late!
5   WookieMan   ignore (3)   2018 Jan 22, 9:10pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

anon_20dcf says
I told you alll to buy XRP at half a cent. I cashed out early with $66k, and that would have been worth $5M USD three weeks ago. Shut the fuck up and go buy some MOON before it’s too late!

Good for you. Seriously. What is MOON and how would we go about obtaining it?
6   anonymous   ignore (null)   2018 Jan 23, 7:43am   ↑ like (0)   ↓ dislike (0)   quote   flag        

A hidden gem that will certainly double or go full retard. If you have btc go to bleutrade or coinexchange.io, can’t say I trust either one. Hodl and retire. If you don’t have btc go to Coinbase
7   anonymous   ignore (null)   2018 Jan 24, 8:12am   ↑ like (0)   ↓ dislike (0)   quote   flag        

I love all the FUD (for the experts spreading it, it means fear, uncertainty and doubt).
FUD shackes our the weak hands and results in panic selloffs. Fantastic buying opportunity. What most people spreading it don’t understand is that Blockchain and crypto is here to stay. FUD is entertaining and you can profit from it! Bring on more FUD!
8   HEYYOU   ignore (31)   2018 Jan 24, 11:31am   ↑ like (0)   ↓ dislike (0)   quote   flag        

I made $8 Trillion in the last three days.
I have never lost $0.01 on any investment.
You can't post anything on the internet that's not true.
9   lostand confused   ignore (0)   2018 Jan 24, 11:47am   ↑ like (0)   ↓ dislike (0)   quote   flag        

FBI stole them?
10   anonymous   ignore (null)   2018 Jan 24, 7:03pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

A Look At Who Owns Bitcoin, And Why.

Bitcoin's tepid performance since the beginning of the year - it has largely consolidated around $10,000, down 50% from its all-time peak - has left cryptocurrency evangelists with egg on their face.

But who exactly owns bitcoin? While nearly 60% of Americans say they've heard of it, only 5% of people own bitcoin, according to Bloomberg.

And within that group, demographics are fairly consistent. An overwhelming 71% of them are male. The majority - 58% - are young, between the ages of 18 and 34 years old. And unlike the broader US population, nearly half of them are minorities.

When asked why they bought the crypto asset, investors answered that a combination of a lack of trust and an opportunity for return are at play. About one-third of Bitcoin owners said it was a means to avoid government regulation - 24% also said they trust Bitcoin more than the US government in a separate question - and about two in 10 saw it as a hedge against crashes in traditional assets.

More than 60% also said that buying the digital coin was seen as a growth investment.

https://www.zerohedge.com/news/2018-01-24/look-who-owns-bitcoin-and-why
And many of that 18 - 34 year olds bought it using their credit card. What could possibly go wrong?
11   FortWayne   ignore (4)   2018 Jan 24, 7:13pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sucker born every minute.
I feel bad for youngsters, they are gonna be stuck holding empty bag one day.
anon_48f8d says
A Look At Who Owns Bitcoin, And Why.

Bitcoin's tepid performance since the beginning of the year - it has largely consolidated around $10,000, down 50% from its all-time peak - has left cryptocurrency evangelists with egg on their face.

But who exactly owns bitcoin? While nearly 60% of Americans say they've heard of it, only 5% of people own bitcoin, according to Bloomberg.

And within that group, demographics are fairly consistent. An overwhelming 71% of them are male. The majority - 58% - are young, between the ages of 18 and 34 years old. And unlike the broader US population, nearly half of them are minorities.

When asked why they bought the crypto asset, investors answered that a combination of a lack of trust and an opportunity for return are at play. About one-third of Bitcoin owners said it was a means to avoid government regulation - 24% also said they trust Bitcoin more than the US government in a separate question - and about two in 10 saw it as a h...
12   HonkpilledMaster   ignore (5)   2018 Jan 24, 7:24pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Buy the special Pink Piebald Tulip before they're all gone. If you thought the South Seas Bubble was great, just wait until you buy the paradise of happy laborers, rich soil, and mountains full of emeralds - the New Orleans Colonization Corporation!
13   anonymous   ignore (null)   2018 Jan 26, 9:03am   ↑ like (0)   ↓ dislike (0)   quote   flag        

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

Coincheck, halted withdrawals of funds and cryptos amid broad confusion as to what prompted the halt. Additionally, Coincheck said it had stopped deposits into NEM coins, a hint that something was very wrong with what until last night was the 10th-largest cryptocurrency by market value, and which tumbled nearly 20% overnight, dragging the rest of the sector lower as news of the Coincheck fiasco spread.

And then, the worst case scenario was confirmed by Coincheck itself told financial authorities that it had lost 500 million NEM cryptocurrency coins in today's cyberheist, which at the current exchange rate amounts to roughly $400 million, according to Nikkei.

NEM Foundation president Lon Wong also confirmed Coincheck was hacked, calling the stolen funds "the biggest theft in the history of the world", as quoted by CryptoNews. According to Wong, the hack had nothing to do with NEM and the blame lies exclusively with Coincheck:

The hack, at recent NEMUSD exchange rates, would make it even bigger than Mt. Gox - which lost a total of $350 million in 2 hacks, one in 2011 and 2014 - by $50 million.

https://www.zerohedge.com/news/2018-01-26/over-400-million-stolen-hacked-japanese-cryptocurrency-exchange
14   anonymous   ignore (null)   2018 Jan 26, 9:15am   ↑ like (0)   ↓ dislike (0)   quote   flag        

The Other Way To Steal Crypto: Armed Robbers Storm Ontario-Based Bitcoin Firm.

While sophisticated hackers breached CoinCheck's security systems and 'escaped' with $400 million worth of NEM, criminals in Canada were a little less finesse and little more physical...

Employees at a Nepean, Ontario bitcoin business received a nasty surprise earlier this week: Three armed men showed up at their business, held them up at gunpoint, tied them up and tried to force them to transfer a bitcoin ransom to one of their accounts.


Armed with handguns, police said they tied up four employees, one of whom would later need medical attention after being hit in the head with a handgun.

The suspects tried to coerce employees into completing a transaction, Staff Sgt. Michael Haarbosch said. Bitcoin is not a physical currency, but a cryptocurrency that can be exchanged for other currencies, products and services. At the moment, one bitcoin is worth around $13,700.

A fifth employee was in another office and called police. The suspects fled empty-handed.

Officers quickly spotted a suspect running into a ravine north of Colonnade Road and called for backup. One suspect was arrested without incident while two others were still at large.

https://www.zerohedge.com/news/2018-01-24/armed-robbers-held-employees-ontario-based-bitcoin-firm
Comment at the link:

motoXdude Jan 26, 2018 10:43 AM
Funny, they don't LOOK Canadian! Are they perhaps Norwegians that Trump wants to come to the USA?

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