"DeFi bug accidentally gives $90 million to users"

The hackers beat the return of all bitcoin hodlers. Hacking coins beats mining coins.

More crypto's are stolen than fiat money, while fiat money totals maybe 1,000 times more than crypto's.
 
I don't know what's stolen more, fiat or cryptos - I have never seen any kind of studies on the matter. Now that I think about it, it'd be interesting to find out.
 
mlawson71 said:
I don't know what's stolen more, fiat or cryptos - I have never seen any kind of studies on the matter. Now that I think about it, it'd be interesting to find out.
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Compared to the total value of crypto's or fiat currencies, I am sure percentage wise crypto's will be stolen more. It would be logic as the hackers never get caught. Easier and less risky to steal crypto's then rob banks or transfer fiat currencies out of a bank to hackers.

According to a 2019 report on cryptocurrencies by security company Kaspersky, almost a fifth (19 percent) of survey respondents said they’d been hacked on exchanges, and a further 15 percent said they were victims of cryptocurrency fraud.
 
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mlawson71 said:
I don't know what's stolen more, fiat or cryptos - I have never seen any kind of studies on the matter. Now that I think about it, it'd be interesting to find out.
More...


lol, bankers to crypto - “hold my beer”

1) we can start with overdraft fees:

https://www.forbes.com/advisor/personal-finance/how-to-prevent-overdraft-fees/


2) And penalties for violations:

https://violationtracker.goodjobsfirst.org/industry/financial services


3) Libor scandal:

https://www.cfr.org/backgrounder/understanding-libor-scandal


4) tax cheats:

https://nuvomagazine.com/magazine/autumn-2016/the-economic-and-social-cost-of-the-panama-papers
 
Sprout said:
lol, bankers to crypto - “hold my beer”

1) we can start with overdraft fees:

https://www.forbes.com/advisor/personal-finance/how-to-prevent-overdraft-fees/


2) And penalties for violations:

https://violationtracker.goodjobsfirst.org/industry/financial services


3) Libor scandal:

https://www.cfr.org/backgrounder/understanding-libor-scandal


4) tax cheats:

https://nuvomagazine.com/magazine/autumn-2016/the-economic-and-social-cost-of-the-panama-papers
More...
Thank you for that extensive information. I had forgotten about the Panama Papers scandal. :(
 
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