These North Korean state-affiliated actors are “worse” than old man Saddam. [He stole a billion in 2003 from Bank of Iraq — as the US closed in.]
Y I K E S.
But the fact that ByBit still (48 hours later!) can’t figure out how about $5.3 billion in value was stolen from it. . . is just silly. Per CoinDesk:
. . .The total assets tracked on wallets associated with the exchange plunged from around $16.9 billion to $11.2 billion at the time of writing, according to data from DeFiLlama. The exchange is now looking to understand exactly what happened. . . .
“What happened. . .”?!?
It would be fair to surmise than over 90% of all crypto-affiliated tech folks. . . just pretend to understand the software they install.
OTOH, Real Banks all know how to lock the physical vault at night. [And we can all accept the small risk of a dynamite forced entry.]
These ones and zeroes pirates. . . clearly do not.
Stay away — or lose it all, eventually.
That’s the moral of this story.
[And to be clear -- of course, the theft of forced labor, over centuries (from enslaved peoples, the world over), has wildly eclipsed them all -- but as a single event, discrete in time, and organized by a small group of individuals. . . this may be the largest single heist in human history.]
Out.
नमस्ते
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