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XT exchange suspends withdrawals after reported $1.7 million hack (protos.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 3 months ago* (last edited 3 months ago) (1 children)

Lol, if the hacker converted $1.7M to Monero, the price would jump to $1,000 at an instant. He'd suffer huge slippage. Of course he's not that dumb, to move funds using an extremely non-liquid asset...

It's our own fault that even hackers aren't using XMR. The volume is so tiny, it couldn't support a single gas station on the Interstate. Monero's joke at this point. A tool for privacy LARPers to flaunt their cipher-punk-ness.

[–] [email protected] 1 points 3 months ago

It really depends on what you are stealing......if it's a stablecoin or a shit/memecoin I would swap it too on a DEX for ethereum, for the sake of simplicity. If you steal bitcoin, litecoin or similar, Monero could be an option.