News for hackers. Stuff that matters.

A comment on $600M taken in largest DeFi hack to date. Parent comment

Re:$600M taken in largest DeFi hack to date by wmf on Tuesday August 10, 2021 @02:54PM (#28132713)
Presumably the hackers will recirculate their stolen Bitcoin by spending/cashing out. Likewise Bitcoin seized by law enforcement is auctioned.
[ Parent | on HN ]
Re:$600M taken in largest DeFi hack to date by MSEmployed on Tuesday August 10, 2021 @03:10PM (#28132903)
"Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value"

Crypto/BitCoin currently delivers mostly on the last one "store of value". So the hackers keep them. Indefinitely.

[ Parent | on HN ]