crypto

Pretty wild if this is the biggest hack of all-time AND somehow the exchange is actually solvent and can cover all customer funds.

Pretty wild if this is the biggest hack of all-time AND somehow the exchange is actually solvent and can cover all customer funds. https://www.tradingview.com/news/coindesk:cda1c390e094b:0-bybit-ceo-confirms-exchange-was-hacked-for-1-46b-says-his-firm-can-cover-the-loss/

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popped into my head for some reason... https://youtu.be/5d7EbtLb8ok?feature=shared

Founder, designer, & product guy at /basepaint and /eigenlayer

+100, mostly made in jest but seriously, the first/only loans FTX paid back pre-bankruptsy was their DeFi loans.
I am unbelievably bullish on real onchain defi.

There’s actually some truth to how far we’ve come when you think about an exchange being able to recover from this. It took banks a long time to get to this point and it’s taken crypto a relatively short time…if it’s true which I’m not sure I believe still