The First Bitcoin Bail-In- Bitcoin Exchange Hacked, Loses 12.3% of BTC- Opts for Bail InSubmitted by Smaulgld.com on Tue, 03/04/2014 - 14:05
Bitcoin Exchange Poloniex got hacked and lost 12.3% of its Bitcoins.
Seems the company is trying to be fair and make its customers whole by temporarily deducting everyone's account by the amount lost.
The owner apologized and put up some of his own money to cover losses and will not take profit until the money is all paid back.
Would any CEO of the TBTF banks do the same?
Can't these exchanges get insurance?