503
Attacker gets away with up to $3 billion from Binance
(www.citationneeded.news)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 30 Oct 2026
503 points (99.2% liked)
Technology
89461 readers
3847 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
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.