Posted on 03/29/2022 12:01:49 PM PDT by nickcarraway
Blockchain project Ronin said Tuesday that hackers stole cryptocurrency worth almost $615 million from its systems, in what would be one of the largest cryptocurrency heists on record.
The project said that unidentified hackers on March 23 stole some 173,600 ether tokens and 25.5 million USD Coin tokens. At current exchange rates, the stolen funds are worth $615 million, but they were worth some $540 million at the time of the attack.
This makes it the second-largest crypto theft on record, according to blockchain analysis firm Elliptic.
(Excerpt) Read more at nypost.com ...
They stole invisible money.
inside job
Shouldn’t that have crashed the currency completely?
At least with gold, silver or paper money a handy 9mm could deter thieves ... not a practical defense for electronic money.
How can one possibly steal from a blockchain system? I thought that was the whole point of blockchain!
Gotta pay for 100 replacement BMPs somehow.
Everyone should be comforted knowing that hobbyists and fly by nights “banks” are safeguarding your money.
Wouldn’t it be exciting to trade stocks on hobbyist stock exchanges with amateur hour back offices?
Block chain has been created stupidly. It is more like a bearer bond than a security currency.
The block chain itself was not hacked. The hacker used stolen keys. Just like the most secure door on earth is useless if you leave a key under the mat.
Unlike banks, stolen blockchain money is there for all to see and trace. Many criminals who thought they were anonymous have been caught years down the line by tracking their spending.
Digital currency, the fade these days......
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