4min chapter

UpOnly: Chats with Crypto Experts cover image

Tether & Bitfinex CTO Paolo Ardoino talks stablecoins, exchange security, and more

UpOnly: Chats with Crypto Experts

CHAPTER

What Happens When You Lose?

Beecoin.com was hacked in December 2013, leaving users unable to buy shares or tokens on the exchange. The company has since recovered and is now running a new exchange called Betenex. Beecoin's founder tells how he dealt with the huge loss of revenue after the hack. He says it took seven months before they were able to get back into business.

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