That was the supposed amount of ETH that was stolen. 1 ETH is currently around $2800. The value it has is because people are buying ETH for that price. So you take $2800 and multiply it by 400000. Carry the 5, etc. That’s $1 120 000 000.
There was some other stuff stolen too I think. I haven’t really looked into it.
That someone can just make off with that amount of digital “currency” sure inspires trust in that system, so the $2800 price tag might be a bit optimistic.
cupcakezealot@lemmy.blahaj.zone 1 week ago
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x00z@lemmy.world 1 week ago
You wanted to know how it’s calculated.
That was the supposed amount of ETH that was stolen. 1 ETH is currently around $2800. The value it has is because people are buying ETH for that price. So you take $2800 and multiply it by 400000. Carry the 5, etc. That’s $1 120 000 000.
There was some other stuff stolen too I think. I haven’t really looked into it.
cupcakezealot@lemmy.blahaj.zone 1 week ago
Oh it I know! I as just joking that I still didn’t get it it was appreciated by my though thank you!
Treczoks@lemmy.world 1 week ago
That someone can just make off with that amount of digital “currency” sure inspires trust in that system, so the $2800 price tag might be a bit optimistic.