CHARLIE LEE: HACKING OF EXCHANGE BASICALLY CHANGE NOTHING FOR BITCOIN
The recent hacking of a large Bithumb exchange “can not change the fundamentals of bitcoin.” The founder of Litecoin Charlie Lee said in interview with CNBC on the phone. According to Lee, the fall in cryptocurrency price should be taken as a typical market reaction to hacking. Charlie Lee noted that crypto exchanges are exploring ways to more effectively protect customer funds. And that this is an ongoing process where “much has to be improved.” And users should get used to the fact that digital coins need to be protected better than traditional money.
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