That’s… rather impressive, in a perverse way, actually.
These North Korean state-affiliated actors are “worse” than old man Saddam. [He stole a billion in 2003 from Bank of Iraq — as the US closed in.]
Y I K E S.
But the fact that ByBit still (48 hours later!) can’t figure out how about $5.3 billion in value was stolen from it… is just silly. Per CoinDesk:
…The total assets tracked on wallets associated with the exchange plunged from around $16.9 billion to $11.2 billion at the time of writing, according to data from DeFiLlama. The exchange is now looking to understand exactly what happened…
“What happened…”?!?
It would be fair to surmise than over 90% of all crypto-affiliated tech folks… just pretend to understand the software they install.
OTOH, Real Banks all know how to lock the physical vault at night. [And we can all accept the small risk of a dynamite forced entry.]
These ones and zeroes pirates… clearly do not.
Stay away — or lose it all, eventually.
That’s the moral of this story.
[And to be clear — of course, the theft of forced labor, over centuries (from enslaved peoples, the world over), has wildly eclipsed them all — but as a single event, discrete in time, and organized by a small group of individuals… this may be the largest single heist in human history.]
Out.
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