This one heist of bitcoins is more than the total sum of money stolen from US banks in 2011. (Source: https://www.fbi.gov/stats-services/publications/bank-crime-s...). It looks especially bad because about 20% of the stolen money from bank robberies is recovered, instead of lost for good; I don't know how much of Bitcoin heists are repatriated, but I suspect the percentage is much closer to 0%.

$1 billion Euro was stolen by a single gang from ATM's last year.

https://www.europol.europa.eu/newsroom/news/mastermind-behin...

$1 Billion stolen from a Bangladeshi Bank

https://en.wikipedia.org/wiki/Bangladesh_Bank_robbery

MoneyTaker operated silently for years without being caught stealing millions from US and Russian banks.

https://www.reuters.com/article/us-cyber-banks-atm/hackers-h...

Conflating physical bank heists made by desperate people and sophisticated cybercrime is disingenuous.

> $1 Billion stolen from a Bangladeshi Bank

No. Most of it never went out, and much of what did was recovered.

"The Federal Reserve Bank of New York blocked the remaining thirty transactions, amounting to $850 million, due to suspicions raised by a misspelled instruction. All the money transferred to Sri Lanka has since been recovered. However, as of 2018 only around $18 million of the $81 million transferred to the Philippines has been recovered."

Swift lost at least $85M in 2016, and that was only 1 partial attack. Had it went fully through, hundreds of millions would have been robbed.

uh, insurance?

I was just using a simple analogy to explain that currency != exchangers

How are dollars worth anything after all the extortion of insurance?