MF Global wasn’t a bank. “Nothing to do with the crypto technology” is an empty and meaningless statement. IF, and that’s a very big if, they got hacked, the

MF Global wasn’t a bank. “Nothing to do with the crypto technology” is an empty and meaningless statement. IF, and that’s a very big if, they got hacked, the fact that $600m could be moved and disappeared so quickly is 100% to do with the “crypto technology”. In the real financial system it is exponentially harder to make money disappear, transfers are logged on three sides of the transaction, you have to hack multiple autonomous and different tech stacks, and you have to wait as the transfers get transmitted, validated and passed in.