Binance Hack

[OneWatchClocked]

Binance hack updates: US Secret Service says it is helping to track funds stolen from crypto firm in $6.3bn hack

The world's biggest crypto exchange says it has identified multiple "points of breach" after it was hit by the largest known hack in history.

www.bbc.com

There it goes, 6bn stolen. Largest heist of all time.

These North Koreans going to build some nice nukes with all that dough.

 

[JohnnyDoe]

If you leave your crypto on a cex you deserve to be robbed.
Anyway most of these pseudo cryptos have promptly been frozen and rendered unusable.

 

[OneWatchClocked]

If you leave your crypto on a cex you deserve to be robbed.

Amen to that

 

[WhoMe]

This may sound heartless but I think "good" when people on CEXs lose money, because they helped enable the power grab over us all, and maybe now they will rub two brain cells together and realize this isn't a good idea. The trouble is, they won't. The term "sheep" really does fit the masses.

Regardless, I think Binance said no customers will be losing money from this hack.

 

[Paratore]

Where did that one guy who kept posting about laundering billions in stolen crypto disappear to all of a sudden?

 

[Laid Back Llama]

Where did that one guy who kept posting about laundering billions in stolen crypto disappear to all of a sudden?

Hahahaha true

 

[OneWatchClocked]

This may sound heartless but I think "good" when people on CEXs lose money, because they helped enable the power grab over us all, and maybe now they will rub two brain cells together and realize this isn't a good idea. The trouble is, they won't. The term "sheep" really does fit the masses.

Regardless, I think Binance said no customers will be losing money from this hack.

They have enough money in their dirty fucking pockets to pay everyone back, of course

 

[OneWatchClocked]

Anyway most of these pseudo cryptos have promptly been frozen and rendered unusable.

About half is unusable, the rest is ETH and BTC. 3bn

 

[jafo]

Binance hack updates: US Secret Service says it is helping to track funds stolen from crypto firm in $6.3bn hack

The world's biggest crypto exchange says it has identified multiple "points of breach" after it was hit by the largest known hack in history.

www.bbc.com

There it goes, 6bn stolen. Largest heist of all time.

These North Koreans going to build some nice nukes with all that dough.

This is NO North Korea! I'm NOT buying this BS story anymore!
This is our intelligence that are robbing us. They got every AML/KYC documents and backdoor. We then ask them: "Who robbed us?" They answer, but of course: "North Korea!" 🤣🤣🤣🤣🤣

F*ck that! They did it! This is the new version of the Iran Contra! They can all go f*ck themselves with that BS story! 😎😎😎😎😎

I said what I said! 🤣🤣🤣

 

[JohnnyDoe]

This is NO North Korea!

I hope it is, but I'm afraid it's not.
Kim would certainly make better use of $6bn than any US 3-letters agency. The U.S. government spends approximately $845 million every single hour, while Pyongyang would get a much needed boost with that money. For example they could finally complete the Ryugyong Hotel!

 

[jesuschrist]

Binance was always considered very safe because of their very high profit margin, they could build up a large reserve with years of market manipulation, also likely half the world's crypto users were using it.
Most of my friends were using them like a private wallet, they kept saying if anything happens with Binance, CZ will bail it out so almost no risk holding the coins there, and if there is a market opportunity they can act faster than if their coins is in a private wallet.

Now that they are basically out of the EU market, I don't think they can build up a big reserve easily again.
Everyone knew they will survive the first big hack, but if there were a second big hack in the coming years, they would be in very big trouble.

 

[JohnnyDoe]

Most of my friends were using them like a private wallet

Why???

 

[JohnnyDoe]

On second thought, it might not have been the US. Btw, freezing USDT and USDC can only be ordered by Uncle Sam, and it's highly unlikely that they would promptly freeze half of their own loot.
Let's do some suspect profiling and list the traits of the possible culprit:

• History with the victim: previous fights with Binance.
• Motive: desperate need for money to pay for huge, unsustainable expenses.
• Financial constraints: inability to print a currency that is accepted all over the world.
• Lack of legitimate income: unable to build or innovate anything of value.
• Behavioral traits: a strong propensity to steal, paired with a pathological obsession with spying on other people's wallets.
• Modus Operandi: controls the mass media to point the finger at a convenient bogeyman, counting on witnesses too brainwashed to ask questions.

Does this profile ring any bells?

 

[Paratore]

On second thought, it might not have been the US. Btw, freezing USDT and USDC can only be ordered by Uncle Sam, and it's highly unlikely that they would promptly freeze half of their own loot.
Let's do some suspect profiling and list the traits of the possible culprit:

• History with the victim: previous fights with Binance.
• Motive: desperate need for money to pay for huge, unsustainable expenses.
• Financial constraints: inability to print a currency that is accepted all over the world.
• Lack of legitimate income: unable to build or innovate anything of value.
• Behavioral traits: a strong propensity to steal, paired with a pathological obsession with spying on other people's wallets.
• Modus Operandi: controls the mass media to point the finger at a convenient bogeyman, counting on witnesses too brainwashed to ask questions.

Does this profile ring any bells?

Sounds a bit like the Dane over at OCT.