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return2ozma@lemmy.world to Technology@lemmy.worldEnglish · 9 hours ago

Binance targeted in $6.3 billion crypto heist, the largest ever

www.nbcnews.com

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Binance targeted in $6.3 billion crypto heist, the largest ever

www.nbcnews.com

return2ozma@lemmy.world to Technology@lemmy.worldEnglish · 9 hours ago
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The company has suspended all deposits and withdrawals while it works with law enforcement to secure its infrastructure and locate stolen funds.
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  • Gsus4@feddit.nl
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    4 hours ago

    your funds are SNAFU

  • NathanRanch@lemmy.zip
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    8 hours ago

    Not using the decentralized part of your decentralized currency is kinda crazy.

    • FaceDeer@fedia.io
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      8 hours ago

      You can lead a horse to water.

  • ThotDragon@lemmy.blahaj.zone
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    9 hours ago

    Lol

    • qupada@fedia.io
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      8 hours ago

      Lmao, even

      • saltnotsugar@lemmy.world
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        8 hours ago

        ROFL, I dare say.

        • Whostosay@sh.itjust.works
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          4 hours ago

          ROFLMAO perchance

          • Thassodar@sh.itjust.works
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            4 hours ago

            ROFLMAOBBQ mayhaps?

  • inari@kbin.earth
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    8 hours ago

    Turns out centralized banking has its benefits

    • ChaosMonkey@lemmy.dbzer0.com
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      7 hours ago

      This is a centralized exchange. This attack could be mitigated by encouraging users to move their funds to their own wallets.

      • copingwithelmons@lemmy.world
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        5 hours ago

        But yeah, he’s gotta point. Why don’t central banks loose money like this? Is it because their cash isn’t in a Blockchain?

        • OrganicMustard@lemmy.world
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          22 minutes ago

          Because it’s the bank, financial institutions and the trail of transactions registered to known entities who say whose the money is. For crypto you only need the keys and it is yours.

      • ExcessShiv@lemmy.dbzer0.com
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        5 hours ago

        Since crypto is more of a trading asset than currency, they’re not that useful in your own wallet because then you constantly need to move them in/out of the exchange and pay all the fees related to those transactions.

        Yeah yeah “actually they’re currency” blah blah, except they’re not really usable as currency in the functional real world (just like stocks)

        • prole@lemmy.blahaj.zone
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          10 minutes ago

          You can use decentralized exchanges.

    • Gordito@lemmy.world
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      8 hours ago

      I don’t think that word means what you think it means.

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