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Attacker gets away with up to $3 billion from Binance
(www.citationneeded.news)
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this post was submitted on 30 Oct 2026
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Are they really “victims” when they willingly gave their money to an unregulated not-bank?
Yes.
You may not like the product but these people still have a reasonable expectation of security, and they should.
I don't care for AI girlfriends, but when they convince a teen to off themselves I still acknowledge that the teen is, objectively, a victim even though the product is unregulated.
I'm a sane human being, therefore my expectancy of safety from any crypto exchange point is zero.
If I'd hold a wallet, I'd likely install the most strict firewall rules out there.
Not a great start.
Honestly, I'm skeptical of using dedicated crypto exchanges too. I have somewhere between 15 and 20 percent of my portfolio in crypto, but through a regular brokerages that deal in standard securities like stocks, bonds, and mutual funds. If I had all of my wealth in it, I'd have it all stored in a cold wallet on external media, but even that isn't 100% foolproof.
There have been several incidents with crypto exchanges, yes. That said, there are hundreds, if not thousands, of major corporations in the US have had significant publicly infamous security breaches within the last decade, so it seems illogical to pretend as if security breaches are somehow unique to the crypto industry.
People who use crypto are not insane.
Just FYI, when people say that, it rarely means self-bloating/putting themselves pedestal, it usually means insulting the thing you're talking about, aka. "only insane would trust to hold large sums on crypto exchange points", not that I'm super duper sane. A figure of speech
Thank you for the explanation. Have a nice Saturday.
someone can be a victim and the blame can lie mostly in said victim's actions.
That’s different because we don’t expect teenagers to make good decisions so we try to protect them. All Binance customers are adults.
You expect adults to make good decisions?
This is why the world is the way it is...
We'll just have to agree to disagree. Have a nice day.
They were victims of being convinced to do that, yes.