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Attacker gets away with up to $3 billion from Binance (www.citationneeded.news)
submitted 1 week ago by to c/technology@lemmy.world
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Article is by Molly White, who you might recognize from Mastodon and web3isgoinggreat.com:

https://hachyderm.io/@molly0xfff/117526961419935070

I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out around $3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.

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[–] 4 points 1 week ago* (last edited 1 week ago) (2 children)

That’s different because we don’t expect teenagers to make good decisions so we try to protect them. All Binance customers are adults.

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