https://blockchain.news/news/another-major-crypto-hack-as-100m-bnb-stolen Another Major Crypto Hack as $100M BNB Stolen Aaron Limbu Oct 07, 2022 11:45 UTC 03:45 3 Min Read The crypto industry has witnessed another major hack. Roughly $100 million of Binance Coin (BNB) was stolen after an exploit occurred on a bridge between blockchains. The issue is "contained now," Changpeng "CZ" Zhao, the billionaire co-founder of Binance, said on Twitter. The world’s biggest crypto exchange, Binance-backed blockchain BNB Chain, estimated that around $100 million to $110 million of digital tokens were involved in the incident.
crypto investors treat this news as trivial; BTC hardly moves and it remains at around the 20k level.
Another "hack" where the "victims" are smiling and sending emails to confort clients. I always think what would happen if that hack was a real one. They would run like headless chicken all over the place.
re: 10% lost cash It was Pueblo Escobar At the peak of his power, infamous Medellín cartel boss Pablo Escobar brought in an estimated $420 million a week in revenue, easily making him one of the wealthiest drug lords in history kingpin's brother, in his book, "The Accountant's Story: Inside the violent world of the Medellín cartel." "Pablo was earning so much that each year we would write off 10% of the money because the rats would eat it in storage or it would be damaged by water or lost," Escobar wrote. That would be about $2.1 billion, given how much money he was reportedly making. https://www.businessinsider.com/pablo-escobar-and-rubber-bands-2015-9
El Chapo, Escobar, same difference. I bet El Chapo had similar problems, just like all crypto companies have the same hacking/fraud problem. Otherwise known as Friday in crypto circles. "In the Crypto world you either rugpull or live long enough to be hacked into oblivion." ---- Abraham Lincoln
Gosh, so stupid crypto. Hacks are never happen in normal corpotashuns! - Unless you kownts this heer list uv 400 times. https://en.wikipedia.org/wiki/List_of_data_breaches Or these 100 corporate collapses. https://en.wikipedia.org/wiki/List_of_corporate_collapses_and_scandals So, yeah - pick your platform carefully. and Binance is still good. It's happened twice. They made everyone whole.
Now they are saying about 570mil! Wow... That's serious money even for a billionaire. https://www.cnbc.com/2022/10/07/mor...oken-stolen-in-another-major-crypto-hack.html