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Billion-Dollar Crypto Loan Is Easy to Get, but Gone in a Flash
- Bostonian 5y agoarchived: https://archive.ph/OumQb https://archive.ph/OumQb
- nradov 5y agoDid the hackers actually steal anything? The article doesn't give any evidence that their actions legally amounted to theft.
- kevin_b_er 5y agoNope. They bought 'shares', voted themselves total control, gave themselves all the assets, sold all the assets, and emptied the organization. Basically vulture capitalism done at speed. Hilarious. Because crypto opposes all regulation, this was legal. Because crypto opposes all regulation, this is irreversible. They lost their 'investment' by intentional and willful design.