It was only a matter of time really. What surprises me that these big crypto exchanges still don't have insurance to cover these kind of losses. Hacks are not the exception they are the rule.

Crypto exchanges present such an irresistible target to hackers - no matter how secure they are people will find a way to get in.

I think the fact that such a huge exchange did not insure it's customer's funds is at the very least gross negligence.