When Mt. Gox collapsed in 2014, some 650,000 bitcoins were lost. While it was a rather big sum four years ago, it is now worth $5.2 billion. Another big failure may result in a total loss of confidence in the cryptocurrency, resulting in an exodus to fiat money and commodities.
Last week, $500 million in NEM cryptocurrency were stolen, adding more concerns about the lack of security of investing in cryptocurrencies.
650,000 Bitcoins got lost from Blockchain ??
Let us analyze the situation,who gave you the idea that bitcoin is lost from the blockchain,they were hacked in the first place and these happens when you take customers for granted and the mystery of Mt.Gox will always be a mystery as you will never know whether it was an inside job or not,most of their dealings were shady prior to the said hack,when it comes to coincheck hack,there are more doubts than answers,they did not put multi signature security which is again a fault from the exchange,in conclusion always store your coins in your own wallet where you own the private key and not in exchanges.
