logoalt Hacker News

tgtweak • yesterday at 10:22 PM • 2 replies • view on HN

CZ saying it is confirmed, and that he expects accountholders to be made fully whole... I guess you can do that when 2.8BN is frozen by centralized stablecoins.

[1] https://x.com/CZ_BINANCE/STATUS/2115915423174853077


Replies

mcmcmc • today at 12:04 AM

CZ the money laundering guy who bought a pardon from Trump right? He should still be in prison, still crazy Binance survived that whole scheme.

➕ show 2 replies
TZubiri • today at 3:45 AM

>CZ saying it is confirmed, and that he expects accountholders to be made fully whole

Sure you can print USD to make it all magically go away

But it would be very convenient if there's some experimental token of which a majority was stolen, so that irreversible damage was caused. If the token is experimental it could have a low damage, but could demonstrate the irreversible nature of these types of attacks, returning fiat money doesn't waive the issue away.

There's also the fact of funding criminal networks for billions of dollars, which probably causes them to scale cyber or non cyber operations or otherwise gain power.