All claims should be taken with a grain of salt.
Originally Posted by Deuce65
So what would stop an exchange from collecting money from people, and then "losing" it all to a "theft" and subsequently shutting down?
Nothing except a legally enforceable agreement stipulating repayment in such an event, and either funds held in escrow to cover such an eventuality or an insurance policy from a 3rd party.
Originally Posted by Bal3Wolf
this aint really new iv been in the btc scene for years and every 6months or so someone or place gets hacked and loses a chunk of coins they claim btc has always bounced back and kept going its just new to ocn in the last 5 months or so that ocn started to allow btc stuff to be posted here.
This is because BTC isn't the problem.
People being careless, and others waiting to prey on that carelessness, are.