Article is by Molly White, who you might recognize from Mastodon and web3isgoinggreat.com:
https://hachyderm.io/@molly0xfff/117526961419935070
I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out around $3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.
Honestly, good for them.
just imagine the Reddit bitcoiners typing “not your keys, not your crypto” 😂
Wow. Is this the biggest heist ever? Apart from Trump’s presidential grift and the SpaceX IPO ofc.
Just the normal crypto issues. Buy crypto, lose money.
Lol this is why you don’t seriously invest in crypto, folks.
Can’t wait to find out it was social engineering
Ah, so crypto is mainly used to prop up regimes. Got it.
Hah hah
Nicely done.
stable coin looks inside the rug-pullest mf of them all
they should call it bitch-coin now
I mean its probably not a rug pull. Most likely its a coordinated state sponsored hacking group, like the Lazarus group, who would be my bet for the big winner of this.
I’m curious how much theyll walk away with in the end.
Valid point. At 3 bios I suspect insider involvement tho.
Sharing is caring, this is good for bitcoin /s
I’m glad to no longer be in crypto. It gave me anxiety
You hear about the hardware crypto wallets with sim cards in them that read the pincode off the displays? That was a slick as shit supply chain attack:
The intial wallets discovered has crude wiring soldiered on, but later ones had custom black PCBs that looked very much like they were part of the wallets circuitry unless you knew exactly what you were looking for.
Good for them.
