Sounds a bit dodgy to me. Is he really dead or is he living under an assumed name in Bognor

Big whoopsi.

Interesting. The only reason one would use that is if they are doing illegal shit.

Interesting...sounds suspect...definitely not the norm for other bitcoin exhanges...

Sorry but this is what happens when "currency" isn't backed by any type government body or regulations. Currency in concept is just an agreed representation of credit, if the majority of society doesn't agree, it's not fucking money.

This seems really bizarre as surely it was not necessary for the CEO to manually input a password anytime someone wanted to make a withdrawal from a cold storage account. Long-term storage is always slower, like using Amazon's AWS Glacier storage services. But by design, Bitcoin is accessed by a user's password and password phrases which, if lost, can never be retrieved. But I do not see how it would work that way at the exchange. Unless this was the WORST cryptocurrency exchange in existence.

I see many folks in this thread do not understand cryptocurrencies. That's OK, I'm not going to get into it but I will say that Block Chain technology will be used in MANY other areas. It already is.

The recent incident with the crypto exchange is indeed concerning, and it highlights the unique challenges and risks associated with the cryptocurrency world. It's a stark reminder of the critical role security measures play in safeguarding digital assets.
For those who may be hesitant about the security aspects of cryptocurrency but still want to explore the potential of blockchain technology and digital assets, it might be worthwhile to explore Upcoming ICOs. This can provide insights into new projects and their approach to security and transparency.