News for hackers. Stuff that matters.

A comment on The $6.3B Binance Hack Was Pulled Off in Just 20 Minutes. Parent comment

Re:The $6.3B Binance Hack Was Pulled Off in Just 20 Minutes by XCSme on Friday October 30, 2026 @12:19PM (#50306107)
I don't know, whenever I have to send money to friends, it's free and transferred instantly (Tikkie).

Whener I tried to send Crypto, there were fees over fees, from wallets, transfer fees, etc., probably I was doing something wrong, but that was the most frictionless path

[ Parent | on HN ]
Re:The $6.3B Binance Hack Was Pulled Off in Just 20 Minutes by rib3ye on Friday October 30, 2026 @02:52PM (#50308498)
I don't know the details of Tikkie, but likely the money is moving slowly through the clearing house networks and each party is assuming a small amount of risk on each hop to make it appear instant.

On the other hand, sending USDC actually moves the money for real, albeit, not totally free.

[ Parent | on HN ]