Binance : $100M Stolen

Nobert

Nobert

https://blockchain.news/news/another-major-crypto-hack-as-100m-bnb-stolen

Another Major Crypto Hack as $100M BNB Stolen
Aaron Limbu Oct 07, 2022 11:45 UTC 03:45
3 Min Read

The crypto industry has witnessed another major hack.



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Roughly $100 million of Binance Coin (BNB) was stolen after an exploit occurred on a bridge between blockchains.

The issue is "contained now," Changpeng "CZ" Zhao, the billionaire co-founder of Binance, said on Twitter.

The world’s biggest crypto exchange, Binance-backed blockchain BNB Chain, estimated that around $100 million to $110 million of digital tokens were involved in the incident.
 
re: 10% lost cash
It was Pueblo Escobar

At the peak of his power, infamous Medellín cartel boss Pablo Escobar brought in an estimated $420 million a week in revenue, easily making him one of the wealthiest drug lords in history
kingpin's brother, in his book, "The Accountant's Story: Inside the violent world of the Medellín cartel."

"Pablo was earning so much that each year we would write off 10% of the money because the rats would eat it in storage or it would be damaged by water or lost," Escobar wrote.

That would be about $2.1 billion, given how much money he was reportedly making.

https://www.businessinsider.com/pablo-escobar-and-rubber-bands-2015-9
 
El Chapo, Escobar, same difference. I bet El Chapo had similar problems, just like all crypto companies have the same hacking/fraud problem.

Otherwise known as Friday in crypto circles. :)

"In the Crypto world you either rugpull or live long enough to be hacked into oblivion." ---- Abraham Lincoln
 
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