#cold storage
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Mixin's Compensation Strategy Unveiled:
"We will compensate users for up to 50% of the stolen assets. Additionally, 'tokenized claims' will be issued, with an intent for Mixin to buy them back from future profits."
Moreover, the BTC.TOP mining pool's CEO is adamant that the bitcoins held within Mixin's protocol shouldn't have gone missing.
He emphasized that Mixin's standard practice was to keep their bitcoins in cold storage, making them impervious to the cloud server breach that compromised their hot wallets. Bit-Knox Bunker: The Cold Storage Fortress Protecting Your Crypto
With cyber threats growing more sophisticated and hacking attacks on crypto exchanges and wallets becoming more frequent, securing digital assets is more crucial than ever. The underground Bit-Knox bunker in the Swiss Alps offers one of the most secure (and exclusive) solutions. Mt.Gox creditors will finally get their money back
Payouts will begin on March 10 and will be made in both BTC and fiat. As of now, the applicants will receive about a fifth of the claim amount.
For 2019, the exchange balance was 142 thousand BTC ($3.3 billion), 143 thousand BCH ($19 million) and $510 million in Japanese yen.
It must be said that the situation with Mt.Gox was so hopeless that many investors perceived the receipt of their coins as a gift from the gods. In addition, bitcoins were lost at a completely different price.
Adam Beck, CEO of lending company Blockstream, says:
“I pretty much wrote off the bitcoins I had on Mt.Gox as a loss. So philosophically, whatever I get now is a cold storage bonus.” 1 - 4 of 4 results