Re:Bitcoin exchange Youbit shuts after second hack attack
by matt_wulfeck on Tuesday December 19, 2017 @01:22PM
(#15962501)
Exactly, banks aren’t “trustless”, which means they can work together to reverse these types of hacks.
When the Bangladesh central banks was hacked through an incredibly insecure backdoor and 2 Billion was stolen, the hackers ended up with only 100 million, and only through shady other financial institutions. Who knows if they’ll end up with anything since that money will be hounded through the financial system.
Trust has an important place when dealing with such large sums of money, sorry to say it cryptoheads.
When the Bangladesh central banks was hacked through an incredibly insecure backdoor and 2 Billion was stolen, the hackers ended up with only 100 million, and only through shady other financial institutions. Who knows if they’ll end up with anything since that money will be hounded through the financial system.
Trust has an important place when dealing with such large sums of money, sorry to say it cryptoheads.