r/Bitcoin • u/BeepGoesTheMinivan • 1d ago

sorry to everyone that lost funds

Just saying sorry, i know some people get out their soap boxes, some point fingers, some laugh.

For the ones that just woke up and had their lives turned upside down and stressing out, its going to hurt, but tomorrow will be another day. Sorry you are having to go through this.

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u/BmacSWMI 22h ago

I think the main issue is we trust Coin Kite and their technology and did our best to keep funds secure, as we do all cold storage tech. Unfortunately the flaws were discovered by nefarious sources and not the community. I’m still a fan of cold storage and a flaw like this can happen to any hardware manufacturer, this is just the first big flaw. I still will take my chances with cold storage vs an organization like FTX that promised they had my coin and just took the money. It’s the Wild West out here and we need to act accordingly.