Who ever said that it was better?
No online wallets are secure, nobody should be using them, but unfortunately the bitcoin system is still a bit too complicated for a lot of people.
No online wallets are secure, nobody should be using them, but unfortunately the bitcoin system is still a bit too complicated for a lot of people.
The Bitcoin industry needs bank level security. They're doing some things right (most exchanges offer 2FA), but they've got a long ways to go.
Honestly, I am curious if the security researcher (who alerted them to this problem and then griped out lack of payment in the article) is the person responsible.
I informed some BTC places of security problems a few years ago, and was roundly ignored, although they put the fixes in place, from what I recall. I wasn't upset because I wasn't expecting anything.
EDIT
Reading that page . . . depending on a URL staying secret as your security? Wow, that is asking for disaster.
I don't like to shame people who make security mistakes, but if you are online wallet vendor, shouldn't you have some common sense?
They did say so at one time or another I believe, but that was long long ago.