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comment by mk
mk  ·  3614 days ago  ·  link  ·    ·  parent  ·  post: The price of BTC is dropping precipitously.

Yes, it word is that they were hacked, and they lost about 18k BTC from one of their hot wallets. It will be interesting to see if they make good on the losses. From what I recall, Coinbase uses Bitstamp as an exchange.

The unloading of these BTC might have been a significant part of the price drop.

Just let us know before you sign up to another service. :)





Complexity  ·  3609 days ago  ·  link  ·  
mk  ·  3609 days ago  ·  link  ·  

Yes. I just wonderif they are solvent. They don't specifically say that they have enough to cover all deposits. I would think that if they did, they would say so.