FF News Logo
Tuesday, November 25, 2025
Pleo Beyond x FFNews

Breaking News

GNOMI Launches the Only ‘Finance Mode’ with Real-Time Global Earnings Calls and Generative Market Intelligence Cross River Launches Stablecoin Payments With Infrastructure to Power the Future of Onchain Finance Tidalwave Raises $22M Series A, on Track to Reach 4% of U.S. Mortgage Market Emerging Market Opportunities: The Next Billion Customers | Freemarket, Fincra and Axiym | FF Virtual Arena #358 Inside Citi’s AI Playbook: Curated Data and Transparent Decisions WFIS 2025 – Indonesia: Countdown to the Nation’s Most Influential Digital Finance Gathering Begins Eleos Life Launches AI Voice Agent to Deliver 24/7 Customer Support EXCLUSIVE: “Setting African Payment Flows Free” – Nick Miles, Freemarket; Malaika Ademola-Majekodunmi, Fincra and Khibar Rassul, Axiym in ‘The Fintech Magazine’ ING: Embedding Security From the Ground Up Revolut Completes Fundraising Process Establishing $75 Billion Valuation Three in Four Shoppers Believe AI Advances Have Made Scams More Convincing, Fuelling Black Friday Fraud Fears Retailers Brace for Black Friday as They Name It the Worst Time of the Year for Fraud TerraPay Launches Xend – A Global Payments Interoperability Network to Power Borderless Payments for Billions of Wallet Users British Business Bank Publishes Five-Year Strategic Plan to Deliver Step Change in Smaller Business Finance Property Payment Platform Redpin Launches Collaboration With idealista

September 26 2022

Chris Skinner Opens up about the Mt. Gox Crypto Hack!

Share this post:

Share on LinkedIn Share on WhatsApp

Listen to the full podcast audio version here.

It seems Chris Skinner has somewhat of a third eye. From banking as a service to the influence of India and China on payments, all the way to crypto, the Chairman of Nordic Finance Innovation, and Non-Executive Director of 11:FS saw it all – including the Mt. Gox crypto hack.

“A lot of people put their life savings into Bitcoin, ripple, or Dogecoin, and they lost it all in the last 6 months because of the crash!”

Chris Skinner

In this segment of the FF Salon, Chris talks about his fraught journey with crypto and passes on some words of wisdom for those intimidated by the currency.

8 years ago, Chris laments a multimillion-dollar loss he experienced in early-stage crypto with the now defunct Mt. Gox. “So basically, Mt. Gox got hacked, and it was bankrupted and shut down, this was in 2014, and all the people in Bitcoin knew that you really should have your Bitcoins held in a hard wallet, a hardware wallet that you carry around, like a USB drive. But I kept mine on the exchange because I thought it was safe, and it wasn’t safe.”

Since then, the cryptosphere has changed drastically. A crypto hack can and do still happen, but the security and blockchain technology used to protect exchanges have become more watertight. Yet, he still holds a level head, “A lot of people put their life savings into Bitcoin, ripple, or Dogecoin, and they lost it all in the last 6 months because of the crash.”

Crypto at the end of the day is a type of gambling, so new players should be cautious and only invest what they are willing to lose.

FF Salon was filmed at Fintech Week London 2022 and will be making a return at SIBOS in Amsterdam, 10 – 13 October 202 – Look out for us on stand DIS30.

People In This Post

Chris Skinner | Innovate Finance | Fintech Finance

Chris Skinner

Innovate Finance
  1. GNOMI Launches the Only ‘Finance Mode’ with Real-Time Global Earnings Calls and Generative Market Intelligence

    Fintech

     Read more
  2. Cross River Launches Stablecoin Payments With Infrastructure to Power the Future of Onchain Finance

    Crypto

     Read more
  3. Tidalwave Raises $22M Series A, on Track to Reach 4% of U.S. Mortgage Market

    Funding

     Read more
  4. Emerging Market Opportunities: The Next Billion Customers | Freemarket, Fincra and Axiym | FF Virtual Arena #358

    Fintech TV

     Read more
  5. Inside Citi’s AI Playbook: Curated Data and Transparent Decisions

    Fintech TV

     Read more