3 ms·
Score one for a distributed system. A large player in the US Treasury auction goes off line during the auction and it turns out to be a big nothing burger. It
by chollida1 3y ago
Score one for a distributed system.
A large player in the US Treasury auction goes off line during the auction and it turns out to be a big nothing burger.
It had no impact on the auction but ICBC is a decent sized player in the repo market so it could have a slight impact on the over night rate, but again, there are so many banks involved in the repo market that the impact was not noticeable.
So far the hack is attributed to Lockbit, who is supposedly associated with the Russians, which is the first time I've heard of the Russians directly trying to interfere with a US treasury auction.
The hack seems to have affected China more than the US so maybe you can squint and say this is Russia attacking China more than Russian attacking the US here?
- Muromec 3y agoI bet more on the usual inability to predict obvious indirect consequences than on intent to harm China. For sure it’s not the right time to do so.