Where did the $6.25 billion in bitcoin go?

Even banks get hacked ;) keeping Bitcoin ONLINE like keeping funds on PayPal can be hacked that is why it is NOT RECOMMENDED. Bitcoin and other CryptoCurrencies MUST be kept OFFLINE (hardware wallets like Trezor, Ledger, etc.) to be safe. :)

Yes, it's a lot of money and it seems that many investors will lose something.

@1hopefulman Many investors have already lost everything. I think that only a few are making money in this game. They made people think they can become rich in a short time, but only a few make money.

@RasmaSandra Yes, I hope they can find it and give back to the rightful owners.

My thoughts...lol.

CryptoCurrency is complicated, it depends on addresses used not like fiat. Not all Bitcoins go to banks.

I agree. I don't understand it at all but bitcoin keeps disappearing. So people who work to get it are only working for the thieves that steal it.

@AkoPinay Yes, it is amazing that a lot of people think they are entitled to someone else's money.

Bitcoin is good as cash. It is just a DIGITAL CURRENCY. We use PayPal for Dollar and we can use Coinbase.com for Bitcoin to be transferred and automatically converted it to cash (transfer to bank accounts) if we are in the USA. Other countries have their own "payment processors". If we use same "payment processor" we can also send/receive funds using an email address just like PayPal. But if we are using different "payment processor" i.e. You are sending Bitcoin thru Coinbase.com to my Payza account, we use the alphanumeric address.

I really don't understand it but accounts can be hacked and money can be robbed.

@db20747 I think they located some of it.

@1hopefulman that's unusual. I can see money being lost in a stockarket scam, or physically taken in a robbery in a bank. Maybe he transferred it into another account somewhere like the swiss bank. Did they locate it?!

@Daelii I guess it's like any other money one may have, somebody can come and steal it and it's gone.

It's the nature of INTERNET. We as individuals MUST keep our funds OFFLINE to be safe. Exchanges are different they have available funds online because there are users sending/receiving funds 24/7.

@1hopefulman that's so crazy! I am glad I never had extra money to consider letting it sit in some online thing!

@Icydoll I think there are many sad people because of this loss.

That's why we should not keep more funds online. If we want to invest more, even exchanges recommend to keep our funds offline. Just like PayPal, it is NOT wise to keep our funds there, it is safer in our safety vault. LOL! The internet is not safe.

@kepweng oh I joined 2016 but left because it was boring since I had no friends there at that time. But last year more people joined, the site became lively. Glad I signed up last year because creating account became difficult this year.

It seems on the internet things can be hacked and robbed very quickly.

Anything is possible!