Re:Binance Chain hacked for ~2M BNB ($600M USD)
by paulpauper on Thursday October 06, 2022 @06:46PM
(#33115105)
damn..that's so much money. And they will be able to cash out of it when the inevitable question comes up of what they will do with the loot, enough to live comfortably even if they cannot cash out all of it.
[ Parent
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Re:Binance Chain hacked for ~2M BNB ($600M USD)
by smoldesu on Thursday October 06, 2022 @06:58PM
(#33115239)
They won't be able to cash out. This is Binance's internal coin, the value is generated by Binance owning it and the demand comes mostly from their economy. The most realistic (albeit cowardly) solution is to amend the ledger and fork into a new crypto.
Yet another instance of cryptocurrency proving it's inefficacy, that's all.
Re:Binance Chain hacked for ~2M BNB ($600M USD)
by paulpauper on Thursday October 06, 2022 @07:09PM
(#33115331)
I doubt it. This is still tiny relative to binance's assets and the overall size of BNB. Binance and BNB stands to lose more from reputational damage from censorship than lost due to the hack.