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> The market remains stable, despite the news This is what I don’t understand... There is nothing that prevents something 10 times bigger to happen and cause m
by d--b 5y ago
> The market remains stable, despite the news
This is what I don’t understand... There is nothing that prevents something 10 times bigger to happen and cause many people to quit crypto en masse leavingg others holding the bag... this is going to embolden other hackers. It’s an awful lot of money!!
- paulpauper 5y agoBecause stolen crypto effectively lowers the supply.imagine if binance were hacked and everything stolen. 50 billion taken out of circulation because its not like a hacker can cash out to fiat or sell their loot on an exchange.rather it must be sold very slowly or on the street. A major hack is sorta like a bunch of ppl at once losing their keys
- schemescape 5y agoThe article has a quote speculating on the market’s (lack of) reaction (a quote I find rather horrifying): > DeFi has survived so many individual hacks and exploits that people are less scared of their assets going to zero as a result.