"DeFi bug accidentally gives $90 million to users"

Discussion in 'Crypto Assets' started by NoahA, Oct 1, 2021.

  1. virtusa

    virtusa

    The hackers beat the return of all bitcoin hodlers. Hacking coins beats mining coins.

    More crypto's are stolen than fiat money, while fiat money totals maybe 1,000 times more than crypto's.
     
    #11     Dec 27, 2021
  2. mlawson71

    mlawson71

    I don't know what's stolen more, fiat or cryptos - I have never seen any kind of studies on the matter. Now that I think about it, it'd be interesting to find out.
     
    #12     Dec 28, 2021
  3. virtusa

    virtusa

    Compared to the total value of crypto's or fiat currencies, I am sure percentage wise crypto's will be stolen more. It would be logic as the hackers never get caught. Easier and less risky to steal crypto's then rob banks or transfer fiat currencies out of a bank to hackers.

    According to a 2019 report on cryptocurrencies by security company Kaspersky, almost a fifth (19 percent) of survey respondents said they’d been hacked on exchanges, and a further 15 percent said they were victims of cryptocurrency fraud.
     
    Last edited: Dec 29, 2021
    #13     Dec 29, 2021
  4. Sprout

    Sprout


    lol, bankers to crypto - “hold my beer”

    1) we can start with overdraft fees:

    https://www.forbes.com/advisor/personal-finance/how-to-prevent-overdraft-fees/


    2) And penalties for violations:

    https://violationtracker.goodjobsfirst.org/industry/financial services


    3) Libor scandal:

    https://www.cfr.org/backgrounder/understanding-libor-scandal


    4) tax cheats:

    https://nuvomagazine.com/magazine/autumn-2016/the-economic-and-social-cost-of-the-panama-papers
     
    #14     Dec 29, 2021
    johnarb and mlawson71 like this.
  5. mlawson71

    mlawson71

    Thank you for that extensive information. I had forgotten about the Panama Papers scandal. :(
     
    #15     Dec 30, 2021
  6. johnarb

    johnarb

     
    #16     Aug 1, 2022
  7. Overnight

    Overnight

    DeFi...The currency wave of the future!
     
    #17     Aug 1, 2022